Economic Calendar & Watch List 10/26/2015

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Monday October 26, 2015

 

Economic Calendar & Watch List 10/26/2015

 

Morning Notes

US futures are slightly lower and European stocks are also trading lower after markets consolidate after a late week rally on Thursday and Friday. Asian stocks failed to reflect the interest rate cut by the PBOC and closed mostly lower.

 

Technicals

SPY_10_26

The SPY moved higher again in Friday’s session closing back above the 200 day moving average. Support will lie at the low of Friday’s range at $206.30 followed by the 200 day moving average at $206. Resistance will lie at the high of Friday’s range at $207.95, followed by $210.01.

 

Small Cap Watch List

BDSI: Biodelivery Sciences – The company will receive a $50M milestone payment from partner, Endo Pharmaceuticals (ENDP) due to their FDA approval of Belbuca. Gapping up 17% with a 46.5M share float.

 

**Others On Watch**

CTRP

CSIQ

 

Economic Calendar

10:00 Sep new home sales expected -0.4% to 550,000

10:30 Oct Dallas Fed manufacturing activity expected +3.0 to -6.5

11:00 USDA weekly grain export inspections

4:00 USDA weekly crop progress

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

BRCM: Broadcom – EPS Est. $.74, Rev Est. $2.14B

HIG: Hartford International Group – EPS Est. $.98, Rev Est. $4.75B

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