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
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