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The overnight view. Both Hong Kong and London had nice run ups but no follow through. They project to 2648 which was a stable area yesterday afternoon. Opening range is tight, but my instinct tells me we need a day to digest.
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Bitcoin Stating my bias up front. I think they are the new techno version of beany babies. I think the hype is over the top because it is new and the regulators haven't done their job. Think black net trading sites selling drugs etc.
If you insist on playing, the futures will require over $18,000 collateral. It will be interesting to see what the brokers demand for day trading. In stuff like the ES it is about 10% of the exchanges overnight level. Since they open Dec 18th, the Holiday slowdown could actually be very exciting.
For what it is worth Bloomberg article rehashed at Zerohedge pointed out that the tax bill makes all Corp filers subject to the 20% AMT which is supposed to explain the sell off in FANGS.