Economic Calendar & Watch List 10/8/2015

1659

Thursday October 8, 2015

 

Economic Calendar & Watch List 10/8/2015

 

Morning Notes

US futures are slightly lower this morning as European stocks are trading lower affected by a poor German export data report that reflected the worst levels in over 6 years. This report again raises concerns on the status of the global economy and also has created speculation that the ECB may consider expanding its QE efforts in light of the current state. Asian stocks closed mostly lower.

 

Technicals

SPY_10_8

The SPY moved higher and tested the 50 day moving average in yesterday’s session ending at 199.41. Support will lie at the low of yesterday’s range at $197.48, followed by $197, $196.33, and $195.03. Resistance will lie at the high of yesterday’s range and the 50 day moving average at $199.84 which then opens up to $202.89.

 

Small Cap Watch List

WGBS: WaferGen BioSystems – The company Reported Strong Revenue Growth in Third Quarter of 2015. Gapping up 30% with a 3.46M share float.

 

**Others On Watch**

DPZ

NBIX

 

Economic Calendar

8:30 Weekly initial unemployment claims expected -3,000 to 274,000

8:30 USDA weekly Export Sales

1:00 Treasury auctions $13 billion of 30-year T-bonds

1:00 Minneapolis Fed President Narayana Kocherlakota speaks

2:00 Minutes of the Sep 16-17 FOMC meeting

3:30 San Francisco Fed President John Williams delivers a speech on the economic outlook

 

Earnings Before Open

DPZ: Domino’s Pizza – EPS Est. $.74, Rev Est. $487.05M

 

Earnings After Close

AA: Alcoa – EPS Est. $.14, Rev Est. $5.68B

NO COMMENTS

LEAVE A REPLY