Bears Need To Quit

PLAYING GAMES!!

Good morning folks, 
The bears had every opportunity to take control yesterday as the dollar continued to strengthen and the areas of technical support we have been watching for the S&P500 were breached. 

By the end of the day the markets were lower but the bulls still managed to retake the key levels of support in several indexes. I have been more bearish lately but I will change that tone the longer it takes for the bears to take control. 

I mentioned in yesterdays blog that I would not press my bearish bets in short ETF's or Volatility plays until we CLOSE convincingly below perceived support levels. Until that happens we could just continue to grind sideways and give the markets time to build up some energy while allowing some of the beaten down sectors an opportunity to recover.  

There are a few things happening now and other events that are going to happen over the next couple of weeks that could give us a catalyst for the markets to move higher. I will go over them in this weeks market wrap video after the close today.

Finance ministers from the G7 begin a two day meeting which could give us some headlines that impact the markets while disappointing earnings from DE will likely be a drag on the Agriculture sector.  

Today's Markets 

In Asia, Japan +0.5% to 16736. Hong Kong +0.8% to 19852. China +0.7% to 2825. India-0.4% to 25302.
In Europe, at midday, London +1.4%. Paris +1.1%. Frankfurt +0.9%.
Futures at 6:20, Dow +0.3%. S&P +0.2%. Nasdaq +0.3%. Crude +0.4% to $48.33. Gold+0.2% to $1257.40.
Ten-year Treasury Yield +1 bps to 1.86%

Today's Economic Calendar

10:00 Existing Home Sales
1:00 PM Baker-Hughes Rig Count

ETF's on my Radar 

Volatility                                                       OIL                                                Biotech
UVXY XIV VXX TVIX VMIX VMAX            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                                  SPY 

DBA, DAG                           SPXS SPXL

STOCKS ON MY RADAR PREMARKET  

GLBL flirting with a 3 roll 

ORIG earnings beat conference call today full disclosure I have a swing in it may look to add 

FTNT like he daily and the sector seems to be holding up well 

TSLA priced offering @ 215 a share

KMI National Energy Board Finds Project Not Likely To Cause Significant Adverse Environmental Effects could get a bounce 

ROVI big insider buys in this 16 dollar range could be nearing a bounce area

AMAT earnings beat gapping flirting with a potential 22 tag and roll 

XON Shares of Intrexon Majority Owned Subsidiary AquaBounty Rise 307% in London; Health Canada Approves AquAdvantage Salmon on Thursday could get some action  *PR means press release* 

Stocks that are in this weeks Stocks to watch Ticker Tv session and their performance