Economic Calendar & Watch List 10/5/2015

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Monday October 5, 2015

 

Economic Calendar & Watch List 10/5/2015

 

Morning Notes

US futures are slightly higher this morning while European stocks are trading higher by nearly +3% after a much weaker than expected US Non Farm payrolls report on Friday that pushed the expected rate increase further out into 2016.

 

Technicals

SPY_10_5

The SPY rallied higher in Friday’s session closing on the high at $195. Support will lie at the low of Friday’s range at $189.12, followed by $189.63. Resistance will lie at the high of Friday’s range at $195.03 closely followed by $195.21 which then opens up to $197.68.

 

 

In Play

CTRV: ContraVir – The company reported new data demonstrating CMX157 to be 60-Fold more potent against Hepatitis B Virus than Gilead’s Viread. Gapping up 54% with a 22.2M share float.

FOLD: Amicus Therapeutics – Upgraded at Chardan Capital. Watch for follow through move from Friday. Gapping up 12% with a 97M share float.

 

**Others On Watch**

ANIP

ONCE

TSLA

 

Economic Calendar

9:45 Final-Sep Markit U.S. services PMI expected unch at 55.6

10:00 Sep ISM non-manufacturing PMI expected -1.5 to 57.5

11:00 USDA weekly grain export inspections

4:00 USDA weekly crop progress

 

Earnings Before Open

NONE

 

Earnings After Close

TCS: The Container Store – EPS Est. $.07, Rev Est. $197.71M

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