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
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