The collision of global markets and social mood

Monday, November 14, 2016

Monday -- Peak Moon, Peak Selfie

S&P E-mini Futures:
Flat to higher.

Peak Moon:

Per The Old Farmer's Almanac, today's full moon at 8:52am ET will appear as the largest and brightest Moon in the sky since 1948 and comes with some other cool facts:

"First, it’s a “Perigee” Moon—when the Moon reaches the point in its orbit that is nearest to Earth. Even better, this Moon will be nearer to Earth than it’s been in 70 years. While the Moon won’t technically be getting any bigger, it will appear up to 14% larger than when it is at its furthest point.

"Further, the full Moon of November 14 is not only the closest full Moon of 2016 but also the closest full Moon in the 21st century and it won’t come this close to Earth again until November 25, 2034.

"Besides appearing large and bright in the sky, this extra-close Perigee Moon (or, Supermoon) will also have a more dramatic effect on the tides."

A more dramatic effect on the tides could also effect your moods . . . and the market's.

Peak Selfie:

USD pierced 100 again for the first time in almost a year. Risk On tone for commodity dollars, but not for EUR, GBP, or NZD (terrible earthquake, sending prayers).

Prices showing bottoming tails thus far suggesting yield in for a possible breather.

WTI crude down another 1% but looking like it wants a bounce. NG ripping, up 4%.

Mixed. Gold and silver trimming losses as recent decline slows. Platinum and copper up, palladium down.

S&P Outlook:
Another unimpressive day Friday. Nothing broken however. Still do not trust the current rally structure but thinking it may have a bit more to run.

As mentioned Friday, viewing 2135.25 as a critical level, but even a break of 2151.17 would be a warning shot for me

Gap at 2186.16 remains.

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