The Fed minutes did very little to impact the markets yesterday and now we can look forward to the Jobs related data due out today and tomorrow. That could be far more impactful if the numbers come in with either a significant beat or miss.
Gold and silver along with the miners continue to defy gravity as the dollar remained somewhat flat and oil put in a little rebound. We will have the petroleum inventory report out at 11 ET that could help determine whether or not that bounce will continue.
Markets around the globe are flat to slightly green while our premarket is also basically flat. The IBB broke over some potential resistance yesterday and I will be watching that sector for continuation. Gold, silver and the miners are getting really extended and I would not be surprised to see a near term pull back.
We could have some choppy action over the next couple days if the employment numbers don't give us any big surprises as we look ahead towards earnings season kicking off soon.
Today's Markets
In Asia, Japan -0.7% to 15276. Hong Kong +1% to 20707. China flat at 3017. India +0.1%to 27201.
In Europe, at midday, London +1.4%. Paris +1.6%. Frankfurt +1.1%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq +0.1%. Crude +1.1% to $47.97. Gold flat at $1366.80.
Ten-year Treasury Yield -1 bps to 1.37%
Today's Economic CalendarIn Europe, at midday, London +1.4%. Paris +1.6%. Frankfurt +1.1%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq +0.1%. Crude +1.1% to $47.97. Gold flat at $1366.80.
Ten-year Treasury Yield -1 bps to 1.37%
Chain Store Sales
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
ETF's on my Radar
Volatility OIL Biotech
UVXY XIV VXX TVIX UWTI DWTI GUSH DRIP USO LABD IBB LABU
VMIX VMAX
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
ENDP and HZNP for potential sympathy to VRX if we get some continuation
CREE OESX RVLT potential sympathy plays with LEDS
EYES news after the close gapper big short interest
TWLO potential continuation and a 40 dolla roll
DUST and JDST if metals and miners pull
INSY upgrade after FDA approval
PTCT gapping off pr fairly small float big short position >my need to raise cash in the near future
*PR = Press Release*
ENDP and HZNP for potential sympathy to VRX if we get some continuation
CREE OESX RVLT potential sympathy plays with LEDS
EYES news after the close gapper big short interest
TWLO potential continuation and a 40 dolla roll
DUST and JDST if metals and miners pull
INSY upgrade after FDA approval
PTCT gapping off pr fairly small float big short position >my need to raise cash in the near future
*PR = Press Release*
This weeks Ticker Tv Stocks to watch and their performance below
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