Friday, June 17, 2016

Quad Witching & Rebalancing

Good morning folks,
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      
 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  




 *PR = Press Release* 


This weeks Ticker Tv Stocks to watch and their performance below 


























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