Monday March 23, 2015
Good Morning Traders,
Morning Notes
US Futures are down this morning as are European Markets driven by the continued slide in crude prices. The Greek PM is set to meet with officials to finalize measures that will allow Greece to avoid default. Asian markets closed mostly higher as the Shanghai index rose to the highest in nearly 7 years.
Technicals
The $SPY has active upper support at $209-$209.49 and resistance at Friday’s high of $211.27 and descending resistance at $211.90.
In Play
DVAX: Upgrades from neutral to overweight at JPM and price target to $36 from $15 on news related to the biotech company’s Hepatitis B vaccine.
IMGN: Received notification that the company is eligible for up to $210M/Target in Takeda Pact.
Economic Calendar
10:00 Existing Home Sales [Feb] – Consensus 4.95M
10:30 Chicago Fed National Activity Index – Consensus 2.50 percent
Earnings After Close
DGLY: Digital Alley – Prior $(0.74). Rev Prior $3.51M
Happy Trading!
