Be Prepared Mentally and Physically

The moment you think about giving up ask yourself why you held on for so long! 

Good morning folks, 
We saw some weakness in oil, gold, miners and the markets in general yesterday. 

Unfortunately after the close we had weak guidance out of GILD and what appears to be disappointing data coming from CELG. That could make it challenging for the IBB to take out the potential resistance overhead @ that 285 287 area. The Low float high fliers also took a bit of a breather and we talked about how those high fliers could be signalling a frothy market. 

We also talked about how this could be a defining week for the markets with the barrage of earnings and the Fed on deck. There were a ton of good looking setups out there but if the markets roll over those setups are in jeopardy of being invalidated. 

The casino sector could be in play after LVS earnings which missed but there was some decent 
data out of Macau that gave LVS a nice reversal after hours and that carried over to MPEL WYNN and MGM.

We are getting some mixed results form earnings premarket and we have a lot of data coming out with some big anticipated earnings after the close from AAPL and TWTR. We are chopping around premarket after getting MCD, CAT and 3M earnings. 

Oil and gold are flashing red as the Dow and S&P have just gone slightly negative. Oil looks like it wants to test 40 as support and we have several big energy companies reporting this week. BP reported last night missing estimates and that could put some near term pressure on the sector.

Today's Markets 

In Asia, Japan -1.4% to 16383. Hong Kong +0.6% to 22129. China+1.1% to 3050. India -0.4% to 27976.
In Europe, at midday, London +0.3%. Paris -0.1%. Frankfurt +0.2%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude -0.9% to $42.76. Gold +0.1% to $1320.60.
Ten-year Treasury Yield -1 bps to 1.55%

Today's Economic Calendar

FOMC meeting begins
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
9:45 PMI Services Index Flash
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
10:00 New Home Sales
1:00 PM Results of $34B, 5-Year Note Auction

 ETF's

 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

CRY earnings after the close raised guidance 12 seems to be acting as support Lil gapper premarket could test 13

SGY news after the close could get some follow through after pullback to potential support on the daily and bounce flirting with a 13 roll 

SPHS gapping lots of eyes on it could get some follow through Don't Chase it 

NFLX rumors AAPL may be looking to acquire Director just picked up 800K shares @ 86.43

ALIM preliminary earnings getting a lil pop premarket insider buys in the 3 dollar range bouncing off dollar support premarket gapping don't chase 

TWER recent reverse split giving full year reaffirmed guidance super tiny floater could get whacky don't chase look for a setup intraday 

EXAS earnings winner gapping recent call activity with 15 strike big short interest 

Stocks in the Ticker TV Stocks to watch videos this week