Economic Calendar & Watch List 11/6/2015

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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

SPY_11_6

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

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