Yellen Center Stage

Good morning folks,
The markets look to be in holding pattern premarket. 
We already have some chatter out from one Fed member suggesting that even with the weak jobs number we could still be looking for a rate hike this summer. 

June is going to be an interesting month. We have the Fed decision on June 15th and the "Brexit" decision on the 23rd. It is hard to imagine the Fed raising the rate just before the results of the Brexit vote but I guess anything could happen. 

As we talked about this weekend there has been a tremendous amount of news out of the Biotech sector and likely to be some movers in the space. Don't let FOMO (fear of missing out) get you. Be patient and wait for a proper setup. 

All eyes are on Janet Yellen who speaks at 12:30 and 2PM ET the analysts and talking heads on the financial networks will be looking for some clue to extrapolate from her words and then try to translate that into a direction for the markets.  

Today's Markets 

In Asia, Japan -0.4% to 16580. Hong Kong +0.4% to 21030. China -0.2% to 2934. India-0.2% to 26777.
In Europe, at midday, London +0.9%. Paris flat. Frankfurt +0.1%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq +0.1%. Crude +1% to $49.11. Gold +0.1%to $1243.50.
Ten-year Treasury Yield +1 bps to 1.72%

Today's Economic Calendar

2:15 Fed's Rosengren speech
8:30 Gallup US Consumer Spending Measure
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX
12:30 PM Janet Yellen speech
2:00 PM Janet Yellen in a discussion with Fed’s Harker

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

IDI PR Flirting with a 5 roll lots of insider buying just did a capital raise full disclosure I have a swing in the name

EXEL PR  Taking out a 7 wall premarket could be a big area need to see some follow through already ran into this data can be a pop and flopper wait for a setup

ASM small float miner with PR could get some action if we get some follow through in  precious metals 

ONTY gapper premarket right into price resistance @ 1.50

JUNO lil gapper of pr 

 *PR = Press Release* 

This weeks Ticker Tv Stocks to watch and their performance below