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
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