12/12/2016 Live Update

[Al_Dente]

Smalls 1min
Box
Box
Bear bias until PROVEN otherwise

[K447]

...

Folks we are screwed on the media bias.

There is apparently more money in falsity than in valid/accurate/correct/useful information.

Until this somehow changes, poor calibre 'news' seems likely to prevail.

Is it media bias if it is clearly aligned with known profit drivers?

[Al_Dente]

What I learned in the past few years on info.
Financial news people turn to Zero Hedge
Politic news people turn to FOX
all others people turn to You tube.
sad time for propaganda networks.
to me there is no real news on any channel including FOX.
Folks we are screwed on the media bias.

Boss your best advise is always to look at price and charts; and ignore news
But this is all such grand entertainment, it’s hard to ignore all the wacky cray
MCCAIN SAYS DOES NOT RESPOND TO EVERY COMMENT BY PRESIDENT-ELECT TRUMP “BECAUSE IT MAY BE REVERSED THE NEXT DAY” - Reuters

[Shaishen]

What I learned in the past few years on info.

Financial news people turn to Zero Hedge
Politic news people turn to FOX
all others people turn to You tube.

sad time for propaganda networks.

to me there is no real news on any channel including FOX.

Folks we are screwed on the media bias.

Russia Today?
Weekends I read some of the comments on ZH; some are actually really interesting, in particular by people who physically live in the effected areas. Example India and Modi's cash grab expiriment..

`

[BullBear52x]

What I learned in the past few years on info.
Financial news people turn to Zero Hedge
Politic news people turn to FOX
all others people turn to You tube.
sad time for propaganda networks.
to me there is no real news on any channel including FOX.
Folks we are screwed on the media bias.

Boss your best advise is always to look at price and charts; and ignore news
But this is all such grand entertainment, it’s hard to ignore all the wacky cray
MCCAIN SAYS DOES NOT RESPOND TO EVERY COMMENT BY PRESIDENT-ELECT TRUMP “BECAUSE IT MAY BE REVERSED THE NEXT DAY” - Reuters

That's a quote from the 6 tenets of Dow theory. I am not that smart to come up with something like that.

[BullBear52x]

reverse to buy now, if failed again, I am done for the day.

[Al_Dente]

Smalls 1min
Box
Box
Bear bias until PROVEN otherwise

Well that escalated quickly
Couldn’t break the box down, let’s see if it can break it upside

[Trades with cats]

Tin foil hat theory.

First, pick your poison, do the hedge funds start a major sell off when the 10 year hits 2.5, or are you in the Goldman camp at 2.75, either way the investment banks are sure higher rates will trigger a market meltdown.

Second, it is crystal clear the central banks are coordinating an effort to return to a normalized rate curve before they bankrupt their owners. We have ECB last week and now the markets assure us with hard money bets that the Fed will raise. Media is already explaining how BoJ will be forced to follow along.

Tin foil hat conclusion. The massive intervention in the market last week was to re-set the balance point on the hedge funds so that central bank rate curve adjusting would not automatically crash the markets. So the investment houses warned them in print and the Central Bankers acted using a perfectly reasonable excuse, a DOW theory signal. Just like Wadell and Reed caused the flash crash.

[Al_Dente]

“Money Managers Have Never Been More Sure That Interest Rates Will Continue To Rise”
“Hedge-fund managers and other large speculators have a record net-short wager on Eurodollar futures,…”
[Consensus always gets the attention of contrarians]

[Trades with cats]

VWAP is bad luck for bulls today. Three times we have gotten close, then dropped back down. Perhapse that will change during power hour.

[Al_Dente]

...............do the hedge funds start a major sell off when the 10 year hits 2.5, or are you in the Goldman camp at 2.75, either way the investment banks are sure higher rates will trigger a market meltdown.........

thanks cats, keep us posted
I am fixated on that 10yr yield rubicon:
SocGen: 2.60%
Goldman: 2.75%
JPM: 2.75%

[BullBear52x]

Clockworks, I would not count the bull out in any situation even in the crashing mode

[fehro]

/CL W/D/60m.. my messy USOIL chart fwiw.. stopped at resistance trendline.. weekly daily.. up with weak dollar/retest

horizontal support Dec4/5th highs.. looking for 52.20ish

[BullBear52x]

what a boring day, we are fighting for a single handle today.

[fehro]

what a boring day, we are fighting for a single handle today.

Cyan neckline goes.. fast move down.. or gap down tomorrow.. target 2240

[BullBear52x]

bulls are out of juice today, /CL gap up didn't help. messy sideways this week, correction in time instead of price me thinks. Peace!

[Al_Dente]

HAPPY HOUR

[Cobra]

HAPPY HOUR

[Al_Dente]

Quickie view of two of the darlings of the PEOTUS rally.
KBE is US banks (like $BKX but it’s tradeable).
IYT is trans.
5min short term

[fehro]

…..
Boss your best advise is always to look at price and charts; and ignore news ..

EXCELLENT advice!!!.. and definitely turn your TV off.. during market hours…