Economic Calendar & Watch List 1/6/2016

1778

Wednesday January 6, 2016

 

Economic Calendar & Watch List 1/6/2016

 

Morning Notes

US futures are broadly lower this morning by over -1.5% and European stocks are trading lower by over -1.3% after a global selloff in stocks continues. China’s currency weakened more concerns were raised about about an economic slowdown. Apple (AAPL) is moving lower in pre market trading by nearly -3% leading tech stocks lower.  

 

Technicals

SPY_1_6

The SPY is gapping down sharply again this morning to critical levels of support. Support will lie at a very key level of $198.59, followed by $197.48, $197, and $196.33. Resistance will lie at the low  of yesterday’s range at $200.05, followed by the high of yesterday’s range at $201.90.

 

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**

MBLY

MON

RCL

AAPL

 

Economic Calendar

8:15 Dec ADP employment expected +195,000

8:30 Nov trade balance expected -$44.00 billion

9:45 Final-Dec Markit U.S. services PMI expected +0.3 to 54.0

10:00 Dec ISM non-manufacturing index expected +0.1 to 56.0

10:00 Nov factory orders expected -0.2%

10:30 EIA Weekly Petroleum Status Report

2:00 Minutes of the Dec 15-16 FOMC meeting

 

Notable Earnings Before Open

MON: Monsanto – EPS Est. $(0.22), Rev Est. $2.41B

 

Notable Earnings After Close

NONE

NO COMMENTS

LEAVE A REPLY