Enjoy The Weekend

Good morning folks 
I am already thinking about the weekend! I have friends coming into town and already have a hectic weekend planned.  

The GDP report could set the tone for the markets today and I really don't expect the Yellen speech to have any impact at all.  I fail to see how the forum she is attending would lead to any kind of definitive statement from her on the direction of the near term interest rates. I think the anticipation of the event and all the speculation will wind up being more eventful than the actual results.

Outside of a couple Biotech names (NERV & FLXN), yesterday was a fairly choppy day with some constructive consolidation taking place right where it should be happening. I mentioned in yesterdays blog that technically we are bumping up against some potential resistance on several indexes and sectors. A pause to refresh is healthy and I am expecting today to be another grind as most of the big boy investors are either leaving early or already in the Hampton's.
  
Oil broke over 50 dollars a barrel only to immediately retreat and it looks as though we are flashing red premarket. The Dollar stalled at resistance while gold and the miners may be looking for some stabilization. Palo Altos earnings disappointed and that could put some pressure in the cyber security sector.    

If the markets are choppy once again today I may be cutting out early myself and get the weekend started early. 

Next week could be a big week technically if we do not break through resistance with conviction it will be yet another failed attempt and a new lower high. 

I plan to do my market wrap video after the close later today and I am also planning to do the live stocks to watch video on TICKER TV Sunday morning 8 AM Vegas time. If anything changes I will let you know. 

Enjoy your long weekend! Be safe and HAVE FUN!!

Today's Markets 

In Asia, Japan +0.4% to 16835. Hong Kong +0.9% to 20577. China -0.1% to 2821. India+1.1% to 26664.
In Europe, at midday, London +0.1%. Paris +0.1%. Frankfurt +0.1%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude -0.9% to $49.05. Gold flat at $1223.10.
Ten-year Treasury Yield Flat at 1.82%

Friday's Economic Calendar

8:30 GDP Q1
8:30 Corporate Profits
10:00 Reuters/UofM Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
11:30 Janet Yellen

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  

VRX pr after the close could have put in a floor getting some action premarket 

RLYP gapping premarket off AF article  https://t.co/AdcSwPr85D

TTNP late day FDA approval yesterday gapping premarket 

JKS reported decent earnings and VSLR caught an upgrade solar's could be worth watching

TGTX Pr could get a bounce off the news likely going to need to raise cash soon 

VNDA FDA approval potential 10 test and roll   

 *PR means press release*