14 Traits For Success

Good morning folks,
Yesterday we had a bit of consolidation in some sectors and slight pullbacks in others. The weakness we started to see in gold and silver did not last long as many of the ETF's for the sector bounced back and look like they are consolidating. Oil had a decent pull after the inventory report and that put some pressure on the energy space. The dollar continues to consolidate and may be looking to pull back after the Bank of England has decided not to cut rates this morning. 

The IBB came up into short term trendline resistance and pulled back. What we don't want to see is the IBB taking out that 240 level of support creating a new lower low. The SMH had a little indecision candle yesterday and that could be healthy. I would like to see it consolidate over 58.50 and build a base in a nice tight range before trying to take out new highs. The IWM had a small pullback and I am watching for 118 to potentially act as support. 

Financials are in play today with JPM and Blackrock both reporting better than expected earnings and lifting the entire sector premarket. That will likely translate into the Dow and S&P continuing the streak of new highs.

Industrials and 

Today's Markets 

In Asia, Japan +1% to 16385. Hong Kong +1.1% to 21561. China -0.2% to 3054. India+0.5% to 27942.
In Europe, at midday, London +0.9%. Paris +1%. Frankfurt +1.4%.
Futures at 6:20, Dow +0.8%. S&P +0.8%. Nasdaq +0.7%. Crude +1.2% to $45.29. Gold-1% to $1329.80.
Ten-year Treasury Yield +3 bps to 1.5%

Today's Economic Calendar

8:30 Initial Jobless Claims
8:30 Producer Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 Fed's Bullard speech
10:30 EIA Natural Gas Inventory
11:15 Fed's Lockhart speech
1:15 PM Fed's George: U.S. Economy
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
7:00 PM Fed's Kaplan: Monetary Policy

Volatility                                                               OIL                                      Biotech

UVXY XIV VXX TVIX                      UWTI DWTI GUSH DRIP USO       LABD IBB LABU  
VMIX VMAX      

 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 
 *PR = Press Release* 
AMBC Potential flat top break out on the daily look for volume on a break over 17.50

CREE selling off a division for 850 million cash and raising revenue guidance > gapper decent short position of 17% don't chase let it set up 

LN IPO today could be worth watching if it prices right 

DB BCS LYG all likely going to pop off BOE decision > don't chase but worth watching

POT  like the look of the daily chart getting a little action premarket flirting with a 17 roll

CY exploring strategic alternatives including sale >rumor of rejecting an offer of 14 a share gapper looking for a potential 12 test 

After the BOE kept rates where they are we could see pressure in the precious metal space keep an eye on DUST and JDST but do not chase

NVCR FDA approval getting a little spike premarket could get a range break 

This weeks Ticker Tv Stocks to watch and their performance below