12/07/2016 Live Update

[fehro]

VIX weekly fwiw.

[daytradingES]

Released On 12/7/2016 10:30:00 AM For wk12/2, 2016
Prior Actual
Crude oil inventories (weekly change) -0.9 M barrels -2.4 M barrels
Gasoline (weekly change) 2.1 M barrels 3.4 M barrels
Distillates (weekly change) 5.0 M barrels 2.5 M barrels

(i was looking at prior in earlier post)

[Out of Bounds]

Relevant lines for today

(In case this market goes anywhere)

[daytradingES]

one year CL chart

looks like a couple of days ago was a top $52.35
(surprised the manipulators are ramping it up at the moment given the EIA numbers - give 'em time

[daytradingES]

today

[fehro]

/CL mind the 50d 48.12 yellow left chart.. H&S target zone

mind the 49.40 weekly pivot.. closing in fast.

[fehro]

SPX nATH Transports trying hard to tag ATH 9310.22 just 140 points more.. NDX/COMPQ lag

[Trades with cats]

What a great day! Market is up because the EU may break it's own rules and bail out Italian banking system. Think we may reverse pattern today and slowly sink after the London close.

[fehro]

IBB W/D taking it on the chin.. <20d/50d/200d/20w/50w/200w.

[fehro]

What a great day! Market is up because the EU may break it's own rules and bail out Italian banking system. Think we may reverse pattern today and slowly sink after the London close.

http://www.zerohedge.com/news/2016-12-0 ... es-fed-fo? fwiw

Saxo Bank's 10 Outrageous Predictions For 2017: Brexit Never Happens, Bitcoin Surges, Fed Folds

…..On the verge of disaster, the Federal Reserve copies the Bank of Japan's Yield Curve Control, by fixing the 10-year Government yield at 1.5%, but from a different angle, effectively introducing QE4 or QE Endless. This in turn promptly stops the selloff in global equity and bond markets, leading to the biggest gain for bond markets in seven years. Critical voices are lost in the roar of yet another central bank-infused rally.

9. Italian banks are the best performing equity asset
German banks are caught up in the spiral of negative interest rates and flat yield curves and can't access the capital markets. In the EU framework, a German bank bailout inevitably means an EU bank bailout, and this comes not a moment too soon for the Italian banks which are saddled with non-performing loans and a stagnant local economy. The new guarantee allows the banking system to recapitalise and a European Bad Debt Bank is established to clean up the balance sheet of the eurozone and get the bank credit mechanism to work again. Italian bank stocks rally more than 100%.

[brokebybernacke2]

getting closer to that daily lower bolly...should be good for at least a decent pull back soon (few day/s?) assuming bit more push down on vix...

[Out of Bounds]

/ES new high!

[fehro]

SPX

[Cobra]

this bull may still have legs.

[fehro]

SPX nATH Transports trying hard to tag ATH 9310.22 just 140 points more.. NDX/COMPQ lag

TRANSports Dj-20.. now just 70 points shy of ATH

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2016/12 ... ay-update/

[Trades with cats]

As market has proven, only thing that counts is central bank money creation, so Super Mario had better not disappoint tomorrow.

[fehro]

SPX .. VIX perking up.. dabble sm short. SPX 60m resistance zone

[daytradingES]

pushing to breakout level of 2219.25
(but so late in the day that it doesn't mean much)
Has taken out high stop level
2217.25

rng=10.75
am est = 12.25
Speed est range = 11.25
Default range = 9.00
---
so as most the the rng is gone.
The day is pretty much day done

[fehro]

SPX nATH Transports trying hard to tag ATH 9310.22 just 140 points more.. NDX/COMPQ lag

TRANSports Dj-20.. now just 70 points shy of ATH

now 50