Keep Moving Forward

Good morning folks,
After last weeks action on Thursday and Friday it was not shocking that we had a little bounce yesterday. Several indexes and sectors were approaching areas of potential support that made logical sense for the bounce to occur. 

However, this morning it looks as though we are giving back all of yesterdays gains after a surprise interest rate cut out of Australia to an all time low. The dollar continued its weakness yesterday while gold and oil both took a pause. This morning the dollar is still looking weak, oil is up and gold is holding steady. 

My plan has not changed much from this weekends> I remain in a strong cash position with my focus on short ETF's and volatility. 


Today's Markets 

In Asia, Japan closed. Hong Kong -2% to 20645. China +1.9% to 2993. India -0.8% to 25230.
In Europe, at midday, London -1.2%. Paris -1.7%. Frankfurt -1.9%.
Futures at 6:20, Dow -0.6%. S&P -0.6%. Nasdaq -0.7%. Crude -1.3% to $44.21. Gold+0.2% to $1298.
Ten-year Treasury Yield -6 bps to 1.80%

Today's Economic Calendar

Auto Sales
8:30 Gallup US ECI
8:55 Redbook Chain Store Sales
10:30 Fed's Mester speech
7:00 PM Fed's Lockhart: Economic Outlook and Monetary Policy

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 Premarket 

CYBE Pr after the close has already had a huge run 

FN Earings beat flirtting with all time highs 

CARB Earnings potential 8 test 

PFE Earnings beat and raise more of a swing or long term hold  gapping premarket

KERX potential 6 roll active EOD yesterday 

CORI super tiny float likely going to need to raise capital soon > received some positive FDA correspondence 

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