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 CalendarIn 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%
Chain Store Sales
Fed's Evans: U.S. Economic and Monetary Policy
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
8:35 Fed's Powell speech
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
1:00 PM Fed's Kaplan speech
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Fed's Evans: U.S. Economic and Monetary Policy
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
8:35 Fed's Powell speech
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
1:00 PM Fed's Kaplan speech
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
ETF's on my Radar
Volatility OIL Biotech
UVXY XIV VXX TVIX VMIX VMAX UWTI DWTI GUSH DRIP USO LABD IBB LABU
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
This weeks Ticker Tv Stocks to watch and their performance below
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