Tuesday, August 9, 2016

Fear Is Normal

Good morning folks,
Yesterday was a consolidation day and today could be more of the same. Oil is approaching some potential short term resistance along with the dollar. It would not be a big shock if we had a slight pullback in both which could also be a drag on the markets. 

Gold silver and miners could get some action if we see some overall weakness in the markets. 

Today's Markets 
In Asia, Japan +0.7% to 16765. Hong Kong -0.1% to 22466. China +0.7% to 3026. India-0.4% to 28085.
In Europe, at midday, London +0.3%. Paris +0.5%. Frankfurt +0.6%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude +0.3% to $43.13. Gold -0.1% to $1339.40.
Ten-year Treasury Yield flat at 1.57%
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

HIIQ small floater gapping off earnings could get some follow through but look for an intraday setup 

FH another small floater with earnings and an acquisition announcement  lil gapper could get some follow through

HEAR earnings flirting with a 1 dolla roll thin one has a conference call this morning could get jiggy if it is received well 

OPK earnings cracked over the 10 dolla holla last night could get some follow through


VSLR off watch list below > Had earnings taking out a 3 roll potential follow through 


VRX gapping off earnings 


REN recent reverse split earnings after the close yesterday Flirting with 10 roll premarket could see a pull off the open especially if oil is weak 




Stocks discussed in this weeks Ticker Tv