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
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