Monday September 28, 2015
Economic Calendar & Watch List 9/28/2015
Morning Notes
US futures are lower this morning while European markets are trading lower by over -1.5% being led by the weakness in China’s Industrial Profits report which fell to a 4 year low. Asian stocks closed mixed.
Technicals
The SPY ended lower in Friday’s session and put in new support and resistance levels. Support will lie at $191.81, followed by $190.56. Resistance is at $195, followed by $195.21 and $197.58.
In Play
BLDP: Ballard Power Systems – The company reports that it has executed a $6M Deal in China For First Global Deployment of Fuel Cell-Powered Trams. Gapping up 15% with a 141M share float.
OGXI: OncoGenex – OncoGenex Pharma presents additional Phase 3 SYNERGY analyses showing custirsen significantly reduced serum clusterin levels in metastatic prostate cancer patients. Gapping up 17% with a 29.5M share float.
**Others On Watch**
NFLX
Economic Calendar
8:30 Aug personal spending expected +0.3%, Jul +0.2%
8:30 Aug PCE deflator expected unch m/m and +0.3% y/y, Jul +0.1% m/m and +0.3% y/y
8:30 New York Fed President William Dudley speaks on monetary policy in an interview with the Wall Street Journal
10:00 Aug pending home sales expected +0.4% m/m and +8.0% y/y
10:30 Sep Dallas Fed manufacturing activity expected +7.8 to -10.0
11:00 USDA weekly grain export inspections
1:30 Chicago Fed President Charles Evans speaks
5:00 San Francisco Fed President John Williams speaks
Earnings Before Open
NONE
Earnings After Close
NONE