Wednesday, June 8, 2016

Willpower


Good morning folks,
It was another constructive day for many of the indexes and sectors yesterday. The ones that stood out the most were the low floaters that had some crazy moves like HMNY which had another impressive day. 

Oil closed over 50 dollars a barrel and now there is chatter that it may be headed to 60 when not too long ago it was almost a given that it was going to test a 20 handle. It always amazes me how quickly sentiment and price can turn. Energy names could be the sector to watch today since there have been many names in the sector consolidating creating some nice looking setups.  
The IBB action was a bit weak and to be expected as we were approaching that level of price resistance we spoke about in this weeks market wrap video. This could be a healthy pull back as long as we can hold above 270.  

The IWM continues to power higher in a very controlled move and could be looking for a 120 test where we will likely run into some price resistance. The small cap low floater space is hot right now and con provide some crazy fun trading opportunities. As I write this GEVO is up 163 percent off of news. It only has 30 million shares in the float and broke out yesterday on significant volume. These are risky type plays and it is easy to get caught up in chasing them but make sure you have a clearly defined risk reward strategy and also make sure your position sizing is appropriate. Many of these low floater names need capital and quite often are pop and floppers and they are also subject to multiple circuit breaker trading halts. Some potential sympathy plays with GEVO are CERE, TVIA, PEIX, GURE 

The dollar still looks weak and could be heading lower and if that happens commodity related stocks and ETF's should benefit. AKS just caught an upgrade this morning with a 7 dollar price target. Steel, mining, oil, precious metals, are all sectors to keep an eye on. 

Today's Markets 
In Asia, Japan +0.9% to 16831. Hong Kong -0.1% to 21298. China -0.3% to 2927. India flat at 27020.
In Europe, at midday, London flat. Paris -0.4%. Frankfurt -0.5%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +1.4% to $51.07. Gold+0.7% to $1255.20.
Ten-year Treasury Yield flat at 1.72%
Today's Economic Calendar


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
DRWI started to make a move yesterday decent looking daily flirting with a 5 roll super tiny floater

SYY billionaire buy 693K shares 48.80 nice daily more of a swing or long term hold type

AMRN could be a continuation play swing type> looks good on the daily and the weekly its already up a lot but it looks like a very controlled move higher

HYGS contract news another one with a super tiny float could get some action likely going to need to raise capital soon could get an 8 test and role

GRO announced share buyback Ag sector has been kinda hot lately could get a dolla holla test and roll 

WLDN contract win announced after the close another Super thing one gapping premarket flirting with an 11 roll

CYRX pr potential 2 test and roll super tiny float 

TBPH license agreement > already had a nice run up into this news but could be worth watching 

PLAY earnings beat and share buyback announcement >probably more of a swing or long term hold on a pullback testing all time highs premarket 

 *PR = Press Release* 

This weeks Ticker Tv Stocks to watch and their performance below