Tuesday December 1, 2015
Economic Calendar & Watch List 12/1/2015
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.
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**
|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
Notable Earnings After Close
BOBE: Bob Evans – EPS Est. $.39, Rev Est. $323.35M
ASNA: Ascena Retail – EPS Est. $.29, Rev Est. $1.78B