Friday, July 8, 2016

Insecurity

Good morning folks,
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 Calendar

ETF's on my Radar 
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

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* 



This weeks Ticker Tv Stocks to watch and their performance below 





































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