Economic Calendar & Watch List 9/30/2015

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Wednesday September 30, 2015

 

Economic Calendar & Watch List 9/30/2015

 

Morning Notes

US futures are sharply higher by over +1% and European stocks are also trading higher by over +2% after a strong move in the China Shanghai index overnight.

 

Technicals

SPY_9_30

The SPY traded lower yet again in yesterday’s sessions but managed to close back off the lows at $188.12. Resistance will lie at the high of yesterday’s range at $190.74, followed by $191.91 and $195. Support will lie at the low of yesterday’s range at $186.92 which lines up with a prior low on August 25th.

 

In Play

NVAX: Novovax – The company announced that Phase 1 Data Suggests Vaccine Safety in Kids. NVAX was also rated an Outperform with a $17 price target at FBR. Gapping up 8% with a 265M share float.

 

**Others On Watch**

CUDA

TSLA

XON

 

Economic Calendar

8:00 New York Fed President William Dudley speaks on market liquidity

8:15 Sep ADP employment change expected +190,000

9:00 Sep Milwaukee ISM expected +0.83 to 48.50

9:45 Sep Chicago PMI expected -1.4 to 53.0

10:30 EIA Weekly Petroleum Status Report

2:00 Fed Chair Janet Yellen and St. Louis Fed President James Bullard make opening remarks at the St. Louis Feds annual community banking conference

 

Earnings Before Open

PAYX: Paychex – EPS Est. $.51, Rev Est. $717.55M

 

Earnings After Close

NONE

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