Economic Calendar & Watch List 12/7/2015

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Monday December 7, 2015

 

Economic Calendar & Watch List 12/7/2015

 

Morning Notes

US futures are higher this morning after Friday’s strong move higher and the stronger than expected Non farm payrolls number which reflects the economy’s strength and ability to now handle a rate increase as early as next week’s FOMC meeting. European stocks are trading higher by over +1.5% while Asian stocks closed mostly mixed.

 

Technicals

SPY_12_7

The SPY surged higher in Friday’s session ending higher by nearly 370 points. Support will lie at the 200 day moving average at $206.61, followed by the low of Friday’s range at $205.93. Resistance will lie at the high of Friday’s range at $209.97, followed by $211, and $211.50.

 

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**

BLUE 

RLYP

GBT

 

Economic Calendar

11:00 USDA weekly grain export inspections

12:30 St. Louis Fed President James Bullard speaks

3:00 Oct consumer credit expected +$19.0 billion

 

Notable Earnings Before Open

MFRM: Mattress Firm – EPS Est. $.81, Rev Est. $660.63M

 

Notable Earnings After Close

UNFI: United Natural Foods – EPS Est. $.67, Rev Est. $2.08B

 

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