Yesterday was a bit choppy as the only game in town made some incredible moves (LEDS). The markets traded in a range while Oil had a swift pullback after the inventory numbers. The IBB was holding its own and looking fairly impressive until JUNO released some news after the close that could put the sector back under some near term pressure. Its news like that that can completely destroy a good looking chart. Gold and miners did have a small pullback but it was nothing significant. Gold actually looks like it may just consolidate here and absorb the recent run.
The jobs number could give the markets some fuel if the number takes us by surprise like it did last month.
The markets are slightly in the green as we await the jobs number. Oil is rebounding a bit after yesterdays sharp decline with rig counts coming out today @ 1 ET. If we add rigs that could put more pressure on oil since the perception will be more supply is coming on line. The dollar is slipping a little bit premarket but that could change if the jobs number comes in stronger than anticipated.
I will be doing this weeks market wrap video after the close today and this weeks stocks to watch on Sunday morning 8 Am Vegas Time Live on Ticker Tv.
Today's Markets
In Asia, Japan -1.11% to 15107. Hong Kong -0.7% to 20564. China -0.8% to 9400. India-0.3% to 27134 .
In Europe, at midday, London -0.1%. Paris +0.7%. Frankfurt +0.9%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq flat. Crude +0.4% to $45.33. Gold-0.3% to $1357.80.
Ten-year Treasury Yield flat at 1.39%
Today's Economic CalendarIn Europe, at midday, London -0.1%. Paris +0.7%. Frankfurt +0.9%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq flat. Crude +0.4% to $45.33. Gold-0.3% to $1357.80.
Ten-year Treasury Yield flat at 1.39%
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
ESI some big 10 percent holder buys around 500k from 1.88-1.94 potential >APOL posted good earnings after the close
EBIO pr after the close gapper small floater decent short position
CUDA earnings beat gapper > don't chase look for sympathy plays FEYE PANW CYBR
SPHS could get some follow through after a nice little run yesterday
MITL merger fell apart with PLCM and MITL will collect a break up fee> gap premarket bouncing off price support look for a setup may not be able to hold the gap
TASR after last night tragedy in Dallas Gun stocks and body camera stocks are in play> TASR is at an area of potential price resistance its flirting with a 26 roll Decent sized short position fairly small floater
DGLY is moving in sympathy to TASR could test 5 small floater decent short interest > Don't chase
TWOU had a nice breakout yesterday small floater big short interest could get some follow through >look for a potential red to green play
*PR = Press Release*
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