Economic Calendar & Watch List 1/8/2016

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Friday January 8, 2016

 

Economic Calendar & Watch List 1/8/2016

 

Morning Notes

US futures are just slightly higher this morning and European stocks are trading slightly lower after an attempted recovery in equities takes place following a global selloff spurred from China’s recent market activity. Asian stocks closed mixed across the board.

 

Technicals

SPY_1_8

The SPY traded sharply lower in yesterday’s session again ending just off the lows. Support will lie at the low of yesterday’s range at $193.59, followed by the low of the range on October 2, 2015 at $189.12. Resistance will lie at the high of yesterday’s range at $197.44, followed closely by $197.48 and $197.60.

 

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**

CUDA

CRUS

TWX

 

Economic Calendar

8:30 Dec non-farm payrolls expected +200,000, Nov +211,000

8:30 Dec avg hourly earnings expected +0.2% m/m and +2.8% y/y

10:00 Nov wholesale trade sales expected unch m/m

11:30 San Francisco Fed President John Williams speaks

1:00 Richmond Fed President Jeffrey Lacker delivers his 2016 economic outlook

3:00 Nov consumer credit expected +$18.5 billion

                                          

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

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