Let Others Do That!

Good morning folks,
Its official> the market is never going to go down ever again!!!!! (Sarcasm)

We have had a tremendous run in oil, gold, the S&P, IWM, and several other sectors. We talked about the fact that the markets were looking like they wanted to go higher in last weeks video and we also talked about that fact that this is the time you should be locking in profits. 

As we head into options expiration we should see more volatility than we have been seeing over the last few weeks. The VIX is the lowest it has been since the beginning of the new year. We are coming up into some significant areas of technical resistance once again and I would suggest that the odds of a pullback have increased significantly. We are extremely overbought in some sectors and dangerously close to breaking key technical levels in others like the IBB which is struggling to stay above its long term term dominant trendline.

There may be more to squeeze out of the oil and energy names today but don't overstay your welcome. The first half of today could be a bit choppy but what really matters to me is how we close out the week. 

Volatility & SPY                                     OIL                                                  Biotech
UVXY XIV VXX TVIX SPXS SPXL      UWTI DWTI GUSH DRIP         LABD IBB LABU      
 Gold                                SILVER         Dollar                                Financials
GLD NUGT JNUG             USLV          UUP                                 FAS XLF FAZ

Minerals and Miners                   Utilities           RETAIL                    Transportation 
XME GDX GDXJ                      XLU             XRT                         IYT  XTN
DUST JDST  

Stocks on my radar Premarket 
EXAS flagging out on the daily 6 seems to be support 
TBIO pr potential dolla holla 
MPEL fast money mention flirting with long term dominant trenline look for  a 16.60 break with conviction 
NERV insider buy 
FLKS insider buy 
CHK flirting with a 5 roll premarket