Tuesday, July 19, 2016

Ignore All The Noise

Good morning folks,
The markets held up well after the recent run as we get into the thick of earnings season. NFLX disappointed big time after the close with a big subscriber miss  and could put some pressure on the NASDAQ. 

The dollar appears to be in a holding pattern as it continues to consolidate while gold, silver, oil and the miners may be finding some support. 

The IBB is consolidating at an area of potential resistance. It would be nice to see it go test the  288 area consolidate and then take out the 300 dolla holla.

The IWM is flagging nicely just below 120 resistance while the SMH gapped to all time highs.

Earnings will determine whether or not this run can continue and yesterdays earnings after the close were a bit disappointing. Hopefully that does not become the trend. 

Today's Markets 
In Asia, Japan +1.4% to 16723. Hong Kong -0.6% to 21673. China -0.2% to 3037. India+0.2% to 27788.
In Europe, at midday, London -0.4%. Paris -1.2%. Frankfurt -1.2%.
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.3%. Crude -0.5% to $45.72. Gold+0.3% to $1333.20.
Ten-year Treasury Yield -4 bps to 1.54%
Today's Economic Calendar
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

HDSN  reported a contract win after the close gapping premarket they will likely need to raise cash upgraded with Price Target of 9 don't chase it look for intraday setup maybe a red to green open

KTOS new contract this can be a slow mover > may be more of a swing type decent short interest fairly low float> lots of debt needs better cash flow >technically looking for a 5 test and roll 

CYTX phase 1 pr lil pop premarket likely going to need to raise cash so don't chase it > strictly a day trade 

CYNA pr after yesterdays close gapper premarket  flirting with a 17 roll  Tiny floater 

ADMS PR gapping premarket small float good cash position decent short interest 
Stocks on my radar from this weekends scans