Monday, February 22, 2016

I Don't Have All The Answers



Good morning folks,
We have had a several developments globally that appear to be having a positive impact on the markets with news of a potential limited cease fire in Syria, rumors floating around about 50 dollar a barrel oil being an ideal price level, a new finance minister in China, and a split decision in Britain over leaving the European union. We are currently looking at a gap open.

If we can take out those key price levels that I talked about in the market wrap video with significant conviction, we could be looking at a fairly bullish week ahead.  If you have been following me for awhile you know I am not a big fan of Gap up days. I plan on watching the price action and volume before I get too excited about the move. 

Gold is gapping down on the market strength we could see continued weakness after the big run we have seen in the precious metal and the miners. Like we talked about on Ticker TV JDST and DUST could be good trading vehicles if that weakness continues.

Oil and oil related names could be another sector to focus on if oil  strength holds. KMI WMB UWTI WLL are a few symbols to consider. 

This weeks Stocks to watch list 


ETF & ETN watchlist

Volatility                           Oil                                                      Biotech
UVXY XIV VXX TVIX     UWTI DWTI GUSH DRIP                     IBB LABU LABD       
 Gold                                                                  SILVER             Dollar      Financials
GLD NUGT JNUG DUST JDST  GDX GDXJ  
       USLV          UUP      FAS XLF FAZ

Stocks on my radar premarket
TROV PR thin one but can be a runner
BDSI pr potential 4 roll 

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