Friday November 6, 2015
Economic Calendar & Watch List 11/6/2015
Morning Notes
US futures are relatively flat this morning and European stocks are trading lower by -.50% ahead of this mornings October Payroll data which may provide more insight on the state of the economy and ultimately a better timeline of an interest rate hike.
Technicals
The SPY rejected descending resistance again at $211 and traded lower in yesterday’s session. Support will lie at the low of yesterday’s range at $209.09, followed by $208.17, $207.74, and the 200 day moving average at $206.35. Resistance will lie first at descending resistance at $211 and then the high of yesterday’s range at $210.90, $211.50, $211.66, and $211.77.
Small Cap Watch List
*Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.
**Others On Watch**
TRIP
HZNP
DATA
SHAK
Economic Calendar
8:30 Oct non-farm payrolls expected +182,000, Sep +142,000
8:30 Oct avg hourly earnings expected +0.2% m/m and +2.3% y/y
9:15 St. Louis Fed President James Bullard speaks about U.S. monetary policy
3:00 Sep consumer credit expected +$18.000 billion
Notable Earnings Before Open
HUM: Humana – EPS Est. $2.13, Rev Est. $13.64B
CI: Cigna – EPS Est. $2.20, Rev Est. $9.51B
Notable Earnings After Close
NONE
