The markets look to be in holding pattern premarket.
We already have some chatter out from one Fed member suggesting that even with the weak jobs number we could still be looking for a rate hike this summer.
June is going to be an interesting month. We have the Fed decision on June 15th and the "Brexit" decision on the 23rd. It is hard to imagine the Fed raising the rate just before the results of the Brexit vote but I guess anything could happen.
As we talked about this weekend there has been a tremendous amount of news out of the Biotech sector and likely to be some movers in the space. Don't let FOMO (fear of missing out) get you. Be patient and wait for a proper setup.
All eyes are on Janet Yellen who speaks at 12:30 and 2PM ET the analysts and talking heads on the financial networks will be looking for some clue to extrapolate from her words and then try to translate that into a direction for the markets.
Today's Markets
In Asia, Japan -0.4% to 16580. Hong Kong +0.4% to 21030. China -0.2% to 2934. India-0.2% to 26777.
In Europe, at midday, London +0.9%. Paris flat. Frankfurt +0.1%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq +0.1%. Crude +1% to $49.11. Gold +0.1%to $1243.50.
Ten-year Treasury Yield +1 bps to 1.72%
Today's Economic CalendarIn Europe, at midday, London +0.9%. Paris flat. Frankfurt +0.1%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq +0.1%. Crude +1% to $49.11. Gold +0.1%to $1243.50.
Ten-year Treasury Yield +1 bps to 1.72%
2:15 Fed's Rosengren speech
8:30 Gallup US Consumer Spending Measure
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX
12:30 PM Janet Yellen speech
2:00 PM Janet Yellen in a discussion with Fed’s Harker
ETF's on my Radar 8:30 Gallup US Consumer Spending Measure
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX
12:30 PM Janet Yellen speech
2:00 PM Janet Yellen in a discussion with Fed’s Harker
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
IDI PR Flirting with a 5 roll lots of insider buying just did a capital raise full disclosure I have a swing in the nameEXEL PR Taking out a 7 wall premarket could be a big area need to see some follow through already ran into this data can be a pop and flopper wait for a setup
ASM small float miner with PR could get some action if we get some follow through in precious metals
ONTY gapper premarket right into price resistance @ 1.50
JUNO lil gapper of pr
*PR = Press Release*
This weeks Ticker Tv Stocks to watch and their performance below
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