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 CalendarIn 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%
ETF's
Volatility OIL Biotech
UVXY XIV VXX TVIX UWTI DWTI GUSH DRIP USO LABD IBB LABU
VMIX VMAX
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
*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
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