Wednesday September 23, 2015
Economic Calendar & Watch List 9/23/2015
Morning Notes
US futures are just slightly higher this morning and European stocks are also trading higher after hitting monthly lows yesterday. Eurozone manufacturing PMI came in higher than expected which points to increased production in upcoming months. Asian markets closed lower after their manufacturing numbers came in the lowest in over 6 years.
Technicals
The SPY gapped lower on the open yesterday and traded significantly lower intraday to then close back just off the open price at $193.91. New support will lie at the low of yesterday’s range at $192.56, followed by $190.61. Resistance will lie at the high of yesterday’s range at $194.46, followed by $194.53, $194.96, and $195.21.
In Play
SGNL: Signal Genetics – The company announced a “Master Service Pact” with a major Biopharmaceutical Company. Gapping up 50% with a 4M share float.
**Others On Watch**
GPRO
BIDU
FIT
Economic Calendar
9:45 Prelim-Sep Markit manufacturing PMI expected -0.2 to 52.8
10:30 EIA Weekly Petroleum Status Report
11:30 Treasury auctions $13 billion of 2-year floating rate notes
12:30 Atlanta Fed President Dennis Lockhart speaks on the economy to the Buckhead Rotary Club in Atlanta
1:00 Treasury auctions $35 billion of 5-year T-notes
Earnings Before Open
NONE
Earnings After Close
NONE
