Monday April 6, 2015
Good Morning Traders,
Morning Notes
US Futures are off sharply this morning due to Friday’s weak March Payrolls report. The weakness in the report has been mostly attributed to the bad weather. European Markets are currently closed for Easter Monday. Asian stocks closed mostly mixed while some markets were also closed for the holiday.
Technicals
The $SPY has critical support at $204, then $202. Resistance overhead lies at $206.43 and $207. Keep these levels on close watch to determine a stronger market move in either direction.
In Play
CYTX: Cytori Therapeutics receives China Opening Product purchase order from Lincensee, Lorem Vascular. Gapping up over 20%.
Economic Calendar
8:30 New York Fed President William Dudley speaks on the national and regional economy at the New Jersey Performing Arts Center
9:45 Final-March Markit U.S. services PMI expected unrevised at 58.6, prelim-Mar +1.5 to 58.6 Final-Mar Markit Composite PMI, preliminary-Mar +1.3 to 58.5
10:00 Mar ISM non-manufacturing PMI expected -0.4 to 56.5, Feb +0.2 to 56.9
11:00 USDA weekly grain export inspections
Earnings After Close
SHLM: A Schulman Inc. EPS Est. .39, Rev. Est.. $579.40
