Always Have Faith In Yourself

Good morning folks, 
The markets were weak once again yesterday and the breadth of that weakness was wide. However, we have a few sectors and indexes that are piercing their lower bollinger bands so it wouldn't be a shocker if we saw a little bounce in sectors like the IBB and the Nasdaq. 

Oil is showing a bit of strength premarket on news of a  massive wildfire in Canada & fighting in Libya that may temporarily impact supply. There are also some earnings out from companies in the sector that appear to be better than anticipated. ETE NRG RIG to name a few. 

The dollar showed some strength over the last couple days and that pulled gold and the miners back into orbit. We could see the dollar strength take a breather and catch a bounce in the miners and precious metals sector and ETF's.

We get the jobs report out tomorrow morning and that could be a market moving event. We could see some choppy action today heading into that number. 

  

Today's Markets 

In Asia, Japan closed. Hong Kong -0.5% to 20429. China +0.2% to 2997. India +0.6% to 25262.
In Europe, at midday, London -0.1%. Paris -0.1%. Frankfurt +0.1%.
Futures at 6:20, Dow +0.2%. S&P +0.3%. Nasdaq +0.3%. Crude +3.1% to $45.12. Gold+0.2% to $1277.80.
Ten-year Treasury Yield flat at 1.78%

Today's Economic Calendar

Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:50 Fed's Bullard speech
4:30 Money Supply
4:30 Fed Balance Sheet

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 Pre market 

WTW Earnings beat active premarket 

SYNC  Gapping off huge contract win from AT&T look for intraday setup

TASR Earning beat flirting with an 18 roll premarket can be a po p and flopper so don't chase 

CSII  earnings beat and raise potential 14 test and roll 

FCEL Fluff pr could get some action don't chase it

MEET Earnings gapping and flirting with a 4 roll  

Stocks discussed in this week Ticker TV video are below the video replay is in the Ticker Tv section the right of the page.