Economic Calendar & Watch List 12/1/2015

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Tuesday December 1, 2015

 

Economic Calendar & Watch List 12/1/2015

 

Morning Notes

US futures are higher this morning and European stocks are also trading higher after Eurozone unemployment numbers came in at a 4 year low. Asian markets closed mostly higher.

 

Technicals

SPY_12_1

The SPY rejected resistance and ended lower in yesterday’s session on light volume. Support will lie at the low of yesterday’s range at $208.56, followed by $207.41, and the 200 day  moving average at $206.61. Resistance will lie at the high of yesterday’s range at $209.89, followed closely by $208.98, $210.32, and descending resistance at $210.50.

 

Small Cap Watch List

GIGA: Giga Tronics – The company announced that Lockheed Martin has entered into a Threat Simulation Software Licensing Agreement. Gapping up 130% with a 4.76M share float.

AEZS: Aeterna Zentaris – Co Marketing agreement with Armune Biosciences that will allow the company to promote Apifiny AEZ to AEZS. Gapping up 16% with a 6.32M share float.

**Others On Watch**

CMI

MFRM

 

Economic Calendar

9:45 Final-Nov Markit manufacturing PMI expected unrevised at 52.6

10:00 ISM Manufacturing PMI Est. 50.4, Prev. 50.1

10:00 ISM Manufacturing Employment Est. 48.5, Prev. 47.6

12:45 Chicago Fed President Charles Evans discusses the economic outlook

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

BOBE: Bob Evans – EPS Est. $.39, Rev Est. $323.35M

ASNA: Ascena Retail – EPS Est. $.29, Rev Est. $1.78B

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