THURSDAY 5/28/15; China Stocks Collapse; Greece Drama Continues; ANF; AVGO; COST; ULTA

At 10 AM Tokyo local time (9 PM in the States Wednesday evening), the NIKK is setting new record 15-year highs fueled by the weaker yen. US futures are flat. Euro 1.0911. Dollar/yen 123.71. The dollar/yen pair is catapulting 






















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 to 1253 sitting at the 50-day MA at 1251. The pivot off the 50-day for small caps will likely take the broad indexes in the same direction. VIX 13.31.

URI loses -9.1%. SDRL drills a dry hole losing -6%. IMAX is a big winner up +3.2%. CMG gains +2.8%.

After the closing bell, ULTA gains +2% after beating on the top and bottom lines. DECK runs +4% higher after earnings. GME explodes +6% higher after positive earnings. Industrial packing company GEF drops -11% on weak earnings and guidance a troubling sign for the economy. If demand for packing materials decreases, then companies are shipping less products. SPLK loses -3% after earnings; Splunk goes splat. Specialty materials maker ATI loses -2% due to a quality control problem.