Thursday, June 2, 2016

Commit

Good morning folks,
It was another good day for the IBB and IWM yesterday as we head into some potential market moving events from OPEC, jobs data and an ECB announcement. The SMH continues to show impressive strength but could be getting a little stretched after a very impressive run. Gold and miners are chopping around and may be trying to find some support in this range. Oil has been struggling to break through the 50 mark and as I went through my scans last night there were a lot of good looking technical setups in the energy space. If oil rolls over off the OPEC meeting it could be the catalyst that ruins those sweet looking setups. 

Cyber security CIBR and HACK have held up really well even after PANW disappointing earnings. CYBR and FTNT may be worth watching.

If the data today disappoints or we get a surprise out of the ECB or OPEC the market could roll over. Keep an eye on dollar strength and volatility for potential opportunities. 

Today's Markets 
In Asia, Japan -2.3% to 16563. Hong Kong +0.5% to 20859. China +0.4% to 2925. India+0.5% to 26843.
In Europe, at midday, London +0.4%. Paris +0.1%. Frankfurt +0.1%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude flat at $49.01. Gold +0.3%to $1218.70.
Ten-year Treasury Yield -1 bps to 1.83%
Today's Economic Calendar



ETF's on my Radar 
Volatility                                                               OIL                                      Biotech
UVXY XIV VXX TVIX VMIX VMAX       UWTI DWTI GUSH DRIP USO    
LABD IBB LABU      
 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  

BWEN contract announcement trading near book value tiny floater

CLNE potential flat top breakout off  contract 

AKAO pr tiny floater active premarket 

FLKS today announced that it has launched its cornerstone consumer product, HOTSHOT™, the first scientifically proven formula to prevent and treat muscle cramps potential follow through 
(full disclosure I have a swing in the name)


 *PR means press release* 
This weeks Ticker Tv Stocks to watch and their performance below 





































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