Economic Calendar & Watch List 12/4/2015

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Friday December 4, 2015

 

Economic Calendar & Watch List 12/4/2015

 

Morning Notes

US futures are slightly higher this morning after yesterday’s sharp sell off. European markets are trading lower by over -.5% after the ECB did not follow through with expanding QE. The market awaits November Non Farm Payrolls report to gauge the strength in the labor market. Asian markets closed mostly lower.

 

Technicals

SPY_12_4

The SPY traded sharply lower in yesterday’s session and closed below the 200 day moving average. Support will lie at the low of yesterday’s range at $204.75, followed by the 50 day moving average at $203.96, and then $202.18. Resistance will first lie at the 200 day moving average at $206.61, followed by the high of yesterday’s range at $209.15 and $211.

 

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**

AMBA – 4Q Rev., Profit Forecasts Trail Ests.; 3Q Beats

NSC – Rejects Offer From Canadian Pacific

ULTA – 3Q EPS, Rev., Comp. Sales Beat Estimates

 

Economic Calendar

8:30 Nov non-farm payrolls expected +200,000, Oct +271,000. Nov private payrolls expected +190,000, Oct +268,000

8:30 Nov avg hourly earnings expected +0.2% m/m and +2.3% y/y

8:30 Oct trade balance expected -$40.50 billion

10:15 Philadelphia Fed President Patrick Harker speaks

3:45 St. Louis Fed President James Bullard speaks

4:00 Minneapolis Fed President Narayana Kocherlakota speaks

 

Notable Earnings Before Open

BIG: Big Lots – EPS Est. $(.005) Rev Est. $1.12B

HOV: Hovnanian – EPS Est. $.09, Rev Est. $739.45M

 

Notable Earnings After Close

NONE

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Mike Herman Mike graduated from the Florida State University with a Real Estate and Bachelor of Finance degree and focused particularly in the field of Behavioral Finance. During his time at the Florida State University, Mike began to trade equities and quickly realized the opportunities that existed in the markets. Through trading, Mike had facilitated relationships with a few very experienced individuals who had an expertise in the private equity field. More specifically, the private funding of small cap start-up companies. After several years of successful deals as a venture capitalist, Mike made the decision to return to work as an independent trader. Throughout the past 7 years of working as an independent trader, Mike has refined his strategy to focus on news driven momentum while factoring in market sentiment and psychology with an emphasis on proper risk management. Mike possesses a unique ability to rapidly decipher critical market moving news and take appropriate action. You can contact Mike at mike@warriortradingnews.com Legal Disclaimer – This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.

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