Economic Calendar & Watch List 9/25/2015

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Friday September 25, 2015

 

Economic Calendar & Watch List 9/25/2015

 

Morning Notes

US futures are significantly higher and European stocks are sharply higher by over 3% after Janet Yellen said the FOMC was on track to raise interest rates this year. Yellen’s comments displays the FOMC’s confidence in the US economy. Asian stocks closed mixed.

 

Technicals

SPY_9_25

The SPY traded in a wider range yesterday than the prior few days and closed higher. The SPY is gapping up this morning above $195 which puts it in a wide range window. Support will lie at $195.21, followed by $194.96 and $194.67. Resistance lies at $197.68 and $198.41.

 

In Play

BLPH: Bellerophon Therapeutics – The company reported a mid-stage clinical study showed its drug Inopulse benefitted patients with high blood pressure in arteries that connect the lungs to the heart. Gapping up 58% with a 4.3M share float.

VBLT: Vascular Biogenics – Watch for a continuation play. A former momentum name. Gapping  up 7% with a 5.8M share float.

 

**Others On Watch**

NKE

CYBR

 

Economic Calendar

8:30 Q2 GDP expected unrevised from last +3.7%. Q2 personal consumption expected revised to +3.2% from +3.1%

9:15 St. Louis Fed President James Bullard speaks on a panel on monetary policy at an event in St. Louis

9:45 Sep Markit services PMI expected -0.5 to 55.6, Aug +0.4 to 56.1

10:00 Final-Sep U.S. consumer sentiment index (University of Michigan) expected +0.8 to 86.5

1:25 Kansas City Fed President Esther George speaks about the economy and monetary policy at an event in Omaha, NE

 

Earnings Before Open

NONE

 

Earnings After Close

NONE

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