Friday October 2, 2015
Economic Calendar & Watch List 10/2/2015
Morning Notes
US futures are slightly higher this morning and European markets are trading higher by over +1.5% as the market awaits the payrolls report. China is taking measures to boost economic growth after they announced they would be easing mortgage requirements and increase vehicle sales. Asian stocks ended the session mixed.
Technicals
The SPY dipped lower early in yesterday’s session but managed to rally back in the late afternoon to close just off the open price at $192.13. The SPY is moving higher in the pre market near $193. Support for today’s session will lie at the high of yesterday’s range at $192.49, followed by the low of yesterday’s session at $189.82. Resistance will lie at $195, closely followed by $195.21.
In Play
Please refer to the momentum trading scanners displayed in the chat room for potential plays at the market open.
**Others On Watch**
WYNN
LVS
NFLX
Economic Calendar
8:30 Sep non-farm payrolls expected +200,000, Aug +173,000
8:30 Sep average hourly earnings expected +0.2% m/m and +2.4% y/y
9:45 Sep New York ISM, Aug -17.7 to 51.1
10:00 Aug factory orders expected -1.2%
12:30 St. Louis Fed President James Bullard speaks on monetary policy
1:30 Fed Vice Chair Stanley Fischer speaks at a Boston Fed conference
Earnings Before Open
NONE
Earnings After Close
NONE
