Tuesday October 6, 2015
Economic Calendar & Watch List 10/6/2015
US futures are looking slightly lower this morning after a sharp two day move and two week highs. European stocks are trading higher and also at a two week high after some unconfirmed chatter that the ECB may increase its stimulus efforts. Asian stocks closed mostly higher.
The SPY surged higher again in yesterday’s session closing just off the highs at $198.47. Support will lie at the low of yesterday’s range at $196.33, followed by $195.03 and then $189.12. Resistance will lie at the high of yesterday’s range at $198.74, followed by $199.28 and then $202.89.
Please refer to the momentum scanners displayed in the chat room for potential plays at the market open
**Others On Watch**
8:30 Aug trade balance expected -$48.0 billion
9:15 Kansas City Fed President Esther George speaks in Chicago
1:00 Treasury auctions $24 billion of 3-year T-notes
5:30 San Francisco Fed President John Williams delivers an outlook speech
Earnings Before Open
PEP: PepsiCo – EPS Est. $1.26, Rev Est. $16.15B
Earnings After Close
YUM: YUM! Brands – EPS Est. $1.06, Rev Est. $3.68B