The collision of global markets and social mood

Monday, December 19, 2016

Monday -- JPY, Drone, Treasuries, Metals

S&P E-mini Futures:
Slightly positive.

By the end of the day the Electoral College should have finished voting and we can put all the nonsense behind us.

The electors will be meeting today in their respective state capitols, however the meeting times vary according to each state.

Then we can turn toward more pressing issues such as a wild-eyed bullish market with no sense of historical valuation excesses, as well as China dictating the "conditions" under which they will return our captured drone from the territorial waters of the Philippines, which at any other time in history could have been called an act of war.

World's gonna change.

Surprise. Strength in JPY. Oops.

See if prices can finally get up and go. They're trying.

WTI crude down slightly after two-day rally. NG looking bouncy too.

Gold the lone green as silver, platinum, palladium, and copper stay red.

S&P Outlook:
Not seeing anything other than a choppy decline just yet. Friday's Quad Witching was largely uneventful.

Would like to see 2240 area. To buy. For a trade.

Still viewing 2303-2373 as a target zone.

Anything below 2214.10 first would be an early warning, however.

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