Volatility Could Be Just Around The Corner

Good morning folks
So we had a nice day in the IBB and health care sectors which is what we talked about in this weeks videos so it was nice to have things go in the direction we prepared for. However, the markets were struggling towards the end of the day and we are now looking markets around the globe selling off. We are showing red arrows premarket and the news flow isn't all that encouraging. 

The Fed has already started its jawboning on raising interest rates with hawkish statements from two Fed members yesterday and today. Oil was weak yesterday and is breaking potential support technically. Gold and miners pulled back even thought the dollar was also weak. We could be looking at a turn in the markets but we don't want to jump the gun. 

It would be good to have a healthy pullback and see some money flow continue into the beaten down sectors like Biotech and healthcare but that could have been a short lived rally since the Treasury made announcements after the close about corporate inversions which is a direct shot at the Biotech and pharmaceutical sectors. AGN made new 52 week lows after the announcement from the treasury in post market. Biotech and Pharma have been political footballs and it looks like it will stay that way for the foreseeable future. 

With the markets potentially pulling back look for some fear to come back into the markets and volatility to creep back in. We have gotten very complacent over the last 5 weeks the more intense the pullback gets the more fear you will see and that leads to potentially dramatic moves in volatility. For those that are prepared for the fear it presents a tremendous opportunity to make some fantastic profits trading the ETF's that track volatility. We are fortunate that in the Traders Den we have Grimm who has made trading theses vehicles her specialty. If volatility becomes a factor join us here http://www.chatzy.com/TradersDen and learn how to make volatility your friend.  
Today's Markets 

In Asia, Japan -2.2% to 15733. Hong Kong -1.6% to 20177. China +1.5% to 3053. India-2% to 24883.
In Europe, at midday, London -1.3%. Paris -2.1%. Frankfurt -2.2%.
Futures at 6:20, Dow -0.8%. S&P -0.9%. Nasdaq -0.7%. Crude -0.7% to $35.46. Gold+1.1% to $1233.10.
Ten-year Treasury Yield -5 bps to 1.72%

Today's Economic Calendar

1:00 Fed's Evans: Monetary Policy
8:30 Gallup US ECI
8:30 International Trade
8:55 Redbook Chain Store Sales
9:45 PMI Services Index
10:00 Job Openings and Labor Turnover Survey
10:00 ISM Non-Manufacturing Index

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  

Stock on my Radar Premarket 

*pr = Press Release

ICPT breaking out premarket off pr >Adam Feuerstein already raining on that parade 
TWTR PR could get some follow through today 
X TMST AKS could be in play >X active premarket
AGN potential bounce play
NEPT earnings 

Stocks on this weeks watch list plus OFG CWST TMST NXTD which were all down yesterday