Fight Through Them

Good morning folks,
Yesterday was another trendless day. Nearly every sector and stock I pulled up were stuck trading in a very tight range. There was no follow through of the Fed fallout from Friday. The only sector that did follow through is the financials which could be breaking out. 

We have a lot of economic data due out this week and several Fed members speaking but the data point that will likely impact the markets the most will be the jobs number on Friday right before a long holiday weekend. We could remain in this tight trading range until that number hits the wire on Friday morning. Volumes are low and the price action is tight. 


Today's Markets 

In Asia, Japan -0.1% to 16725. Hong Kong +0.9% to 23016. China +0.2% to 3074. India+1.6% to 28343.
In Europe, at midday, London +0.1%. Paris +0.8%. Frankfurt +0.9%.
Futures at 6:20, Dow flat. S&P -0.1%. Nasdaq -0.3%. Crude +0.6% to $47.27. Gold -0.4%to $1322.30.
Ten-year Treasury Yield +1 bps to 1.58%

Today's Economic Calendar

8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index

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STOCKS ON MY RADAR PREMARKET 

*PR = Press Release

RIGL Had a big pop premarket  off Phase 3 data but has already given all of that back and then some as the data is absorbed the percentage of response rate seems to have disappointed investors

SPU crazy low floater getting some follow through this morning premarket

SPHS another low floater caught an upgrade from Piper catching some action premarket 

THLD flirting with the 1 dolla holla building a little pennant on the daily lots of eyes on it they have a years worth of cash flow in the bank 

OREX pr recent reverse split bumping into resistance on the daily premarket could get some follow through

ARRY pr testing a 4 roll premarket Cash and debt equal negative 70 million cash flow  may need to raise soon  

The stocks discussed in this week's Ticker Tv are listed below

Here is the link to the video

http://ticker.tv/vegastrader66/57c30806f72261fe2ed77d03

August 26th -September 2nd 2016 Market Wrap and Sector Watch from Alpha Wolf Trading on Vimeo.