It could be a wild day with options expiration and a re balancing of the Russell and S&P. Markets held up really well yesterday at key support areas finding some footing and managing to give us a reversal on the day.
The dollar ended the day basically flat while miners and precious metals spiked off the open and then wound up closing in the red. Oil had a weak performance however the energy names actually held up fairly well.
Brexit could be temporarily off the table after the murder of EU politician Jo Cox and the markets responded to that possibility. There is speculation that that terrible act may unite and sway public opinion into staying with the Euro.
Tecnically, in several indexes and sectors we look primed for a bounce and potential continuation. The IBB, NASDAQ, IWM, SMH, SPY, XTN are all on my radar. Depending on how we wind up closing today I could be lifting the caution flag for the near term. I will be doing my market wrap video either after the close or first thing tomorrow morning and I will share my thoughts then.
ETF's on my Radar
Volatility OIL Biotech
UVXY XIV VXX TVIX VMIX VMAX UWTI DWTI GUSH DRIP USO LABD IBB LABU
UVXY XIV VXX TVIX VMIX VMAX UWTI DWTI GUSH DRIP USO LABD IBB LABU
Gold SILVER Dollar Financials
GLD NUGT JNUG USLV UUP FAS XLF FAZ HYG JNK
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
LL pr after the close Gapping big premarket look for a setup intraday could go either way >long or short
PRTK News after the close another gapper flirting with a 20 roll
SWHC strong earnings gapper don't chase it
VIAB potential flat top breakout more of a swing
FH potential continuation off recent product launch small floater a break over 2.50 could send it to a 3 test
EXAR like the daily If 8 can hold may get a bounce
GBSN super tiny floater pr gapper > going to need cash soon > do not chase
PRTK News after the close another gapper flirting with a 20 roll
SWHC strong earnings gapper don't chase it
VIAB potential flat top breakout more of a swing
FH potential continuation off recent product launch small floater a break over 2.50 could send it to a 3 test
EXAR like the daily If 8 can hold may get a bounce
GBSN super tiny floater pr gapper > going to need cash soon > do not chase
*PR = Press Release*
This weeks Ticker Tv Stocks to watch and their performance below
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