Economic Calendar & Watch List 12/2/2015

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Tuesday December 2, 2015

 

Economic Calendar & Watch List 12/2/2015

 

Morning Notes

US futures are pointing slightly higher this morning and European stocks are also trading higher ahead of speeches by Fed chair Janet Yellen both today and tomorrow. Asian stocks closed mixed across the board.

 

Technicals

SPY_12_2

The SPY surged higher in yesterday’s session clearing multiple points of resistance, including descending resistance from a macro view. Support will lie at the low of yesterday’s range at $209.11, followed by $208.56, $207.41, and the 200 day moving average at $206.61. Resistance will lie at the high of yesterday’s range at $210.82, followed by $210.90, $211.50, and $211.65.

 

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**

QCOM

NKE

MBLY

 

Economic Calendar

8:15 Nov ADP employment change expected +190,000, Oct +182,000

8:30 Fed Chair Janet Yellen speaks

8:30 Revised Q3 non-farm productivity expected +2.2% vs last +1.6%

9:00 Fed Governor Danial Tarullo speaks

9:45 Nov New York ISM, Oct +21.3 to 65.8

10:30 EIA Weekly Petroleum Status Report

12:25 Fed Chair Janet Yellen speaks

2:00 Fed Beige Book

3:40 San Francisco Fed President John Williams delivers a speech on the economic outlook

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

AVGO: Avago – EPS Est. $2.38, Rev Est. $1.85B

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