Economic Calendar & Watch Lists 3/3/2016

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Thursday March 3, 2016

 

Economic Calendar & Watch Lists 3/3/2016

 

Morning Notes

US futures are relatively flat this morning and European stocks are trading slightly lower as the market awaits the Jobless claims and ISM numbers. Asian stocks closed higher lifted by the NIkkei surging to a 3 week high.

 

Technicals

SPY33

The SPY continued its push higher in yesterday’s session closing out the day on highs. Support will lie at the critical pivot zone of $197.40 – $197.60, followed by the low of yesterday’s range at $197.25 and the low of Tuesday’s range at $194.45. Resistance will lie at the high of yesterday’s range at $199.06, followed by $200.05, $201.90, and the 200 day SMA at $202.55.

 

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**

HLF

COST

Economic Calendar

8:30 Weekly initial unemployment claims expected -2,000 to 270,000, previous +10,000 to 272,000

8:30 Revised Q4 non-farm productivity expected -3.0%, previous -3.0%

8:30 USDA weekly Export Sales

9:45 Revised Feb Markit services PMI expected +0.2 to 50.0, preliminary-Feb -3.4 to 49.8

10:00 Feb ISM non-manufacturing PMI expected -0.4 to 53.1

10:00 Jan factory orders expected +2.1%, Dec -2.9% and -0.8% ex-trans

10:45 Dallas Fed President Rob Kaplan delivers a speech

 

Notable Earnings Before Open

JOY: Joy Global – EPS Est. $.12, Rev Est. $531.91M

KR: Kroger – EPS Est. $.54, Rev Est. $26.28B

 

Notable Earnings After Close

AVGO: Broadcom – EPS Est. $2.29, Rev Est. $1.75B

 

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