Live With Relentless Pursuit

Good morning folks, 

The earnings continue to roll in mixed with the TWTR miss and guide down while AAPL beat and also gave tepid guidance. For me TWTR may present an attractive opportunity to look at getting back in with a starter swing or long term hold. I will be watching for it to find an area of potential support while AAPL is gappin right into potential resistance. 

The dollar continued to consolidate while gold and the miner ETF's staged a little relief rally. Oil had another day of weakness but the energy names continue to hold up fairly well. We get petroleum inventory numbers today and if we get a lager than expected build or a smaller than expected draw that could put more pressure on the black bubbly. 

Markets were mixed yesterday but the IBB IWM remain fairly impressive with their resilience and for the SMH its performance has been incredibly strong. Between earnings and merger and acquisitions in the space the sector is on fire.

The markets are flashing green premarket oil is under a little bit of pressure and the metals are basically flat.

We have the Fed today and that could throw some cold water on this red hot market but until that happens we have to be impressed with the strength. If the Fed is unusually dovish, the dollar could weaken giving metals and oil a little bounce. If the statement is hawkish the dollar could strengthen and we could see more pressure on commodities. Don't get caught up in a head fake as the first reaction is typically the wrong move. If you are a day trader scalping the initial move off the statement can be fun. If you are a swing trader or investor let the statement be absorbed, dissected and digested before you try to get involved. 

Today's Markets 

In Asia, Japan +1.7% to 16664. Hong Kong +0.4% to 2219. China -1.9% to 2992. India +0.2% to 28024. 
In Europe, at midday, London +0.5%. Paris +1.5%. Frankfurt +0.8%. 
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.7%. Crude -0.6% to $42.67. Gold flat at $1320.50. 
Ten-year Treasury Yield flat at 1.56%

Today's Economic Calendar

7:00 MBA Mortgage Applications
8:30 Durable Goods
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $15B, 2-Year FRN Auction
2:00 PM FOMC Announcement

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

REPH news after the close intersting looking daily super tiny float big gapper 
look for setup and some decent volume 

AWRE earnings small float wild couple of days for the stock definitely not one to chase super thin not a lot of daily volume 

ATEC penny play sold off international division for 80 mil enough to cover their debt 

FOLD hot looking daily potential flat top breakout earnings just around the corner

GLW earnings beat chart looks fairly compelling flirting with a 22 dolla roll 

OC crushed earnings nice daily Flirting with a 55 roll   
Stocks in the Ticker TV Stocks to watch videos this week