Is The Run OVER??

Good morning folks, 

Yesterday proved that > YES<  the markets can actually go down!!!

 Is it the end of the run??? 

Well its much too early to say but 2 big big tech companies did not help the case for the bull to continue running with misses from Googl & MSFT. Throw in some disappointing earnings from V and SBUX and an announcement from Sears that they are closing a combined 78 stores between Sears and Kmart.

On a positive note the IBB closed above the 285 mark and the 100 day moving average which could give us that move to the 300 mark. The XLV also closed near the high of the day and those were two sectors that we felt money could flow two as it rotates out of some of the recent high flying sectors. Look for potential continuation in the space.

Industrial's could continue to give the markets a lift as GE and Honeywell have reported earnings this morning that look better than expected. CAT missed on earnings but the stock is holding up fairly well in premarket.   

Keep an eye on volatility if the markets weaken TVIX and UVXY.

I will be doing this weeks market wrap video after the close and will post it as soon as its completed. If you watched last weeks market wrap you know we came into this week focused on the Agricultural names and that worked out really well. Lets see if we can identify how we want to be positioned for next week. 

Join me Sunday morning 8 AM Vegas time for next weeks stocks to watch live on Ticker TV http://ticker.tv/vegastrader66

Today's Markets 

In Asia, Japan +1.2% to 17572. Hong Kong -0.6% to 21484. China+0.2% to 2959. India -0.2% to 25838.
In Europe, at midday, London -0.8%. Paris -0.2%. Frankfurt -0.3%.
Futures at 6:20, Dow flat. S&P +0.1%. Nasdaq -0.1%. Crude +0.2% to $43.28. Gold -0.2% to $1247.80.
Ten-year Treasury Yield flat at 1.87%

Today's Economic Calendar

9:45 PMI Manufacturing Index Flash
1:00 PM Baker-Hughes Rig Count

ETF's on my Radar 

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  

Agriculture 

DBA, DAG

Stocks on my Radar Premarket 
AMD earnings beat  Gapper >thick stock can be a pop and flopper Catching some upgrades and downgrades this morning   
VRX Gapper PR of new CEO as possibly as soon as next week 
ALIM  odd action yesterday on big volume in the right sector could get some follow through
KPTI HOT looking daily flirting with a 10 roll 
ATEN  looking for a break over 6.50 with conviction 
LCI  PR flirting with a 20 roll ugly daily but may have finally found some support 

Stocks in this weeks TICKER TV watch list and how they are tracking