Monday, April 18, 2016

Pursue The Impossible

Good morning folks,
The big meeting on Sunday wound up being a whole lot of >nothing but noise. No deal was reached and as a result oil dropped as soon as trading opened for the black bubbly.  After the initial decline of over 5 percent it seems like it may be finding some support.

We have a tremendous amount of news coming out of the Biotech sector this morning. Clinical  data has been released from a whole host of names which will likely put the sector in play. 

Gold related names seem to be getting a boost premarket as the dollar is showing some weakness. NUGT JNUG UUP

Today's Markets 
In Asia, Japan -3.4% to 16276. Hong Kong -0.7% to 21162. China -1.4% to 3033. India +0.7% to 25816.
In Europe, at midday, London -0.3%. Paris -0.2%. Frankfurt -0.2%.
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.2%. Crude -3.1% to $40.42. Gold +0.4% to $1239.70.
Ten-year Treasury Yield flat at 1.74%
Today's Economic Calendar


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  

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









































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