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
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