tyb's
Christmas Eve Market Report
Merry Christmas to all may you be habby and healthy no matter what.
As one would expect volumes today were dismal, around 50% below average (pro-rata) ahead of the early close. (wait until thursday) Gold and Silver were bid today. Biotechs have had only 4 down days since the start of November, rocketing back towards record highs once again. Bonds were bid after a very strong 5Y auction. Today's drop in yields erased yesterday's price losses…Stocks were mixed with Small Caps squeezed higher and The Dow lower (Nasdaq up 10 days in a row) S&P closed down by less than 1 point, breaking its 8-day win streak…Here's why Small Caps were bid - Shorts squeezed out of the gate again.
get off the short bus….never short a dull market.
Defensives outperformed Cyclicals today…Nasdaq was higher for the 10th straight day, but as Bloomberg reports, the surge in the Nasdaq Composite Index as the year draws to an end may give stock bulls some pause. In just a few trading days, its GTI Global Strength Indicator – a technical measure of upward and downward movements of successive closing prices – has rocketed through 70, a level indicating overbought, and is a hair shy of 80 through Monday. Previous readings at this level over the last two years have been followed by deep reversals.
this is true from a technical standpoint however technicals weer thrown out long ago.
Chinese investors failed to hold the key 3,000 level for Shanghai Composite…The Dollar trod water once again - following a similar pattern to yesterday. WTI pushed back above $61 today. And oil vol is less than half what it was last Xmas Eve
regarding WTI it sort of had to or risk a breakdown on thin volume. They push it all where they want it to be.
And silver's ongoing performance advantage over gold has pushed its to its strongest relative to the barbarous relic since early November.
getting to the pressure point of having gold close above $1500 for a YE print and the system doesn't want that-still several days to go but both silver and gold have performed well the last few days.
Gold settles above key $1,500 price for first time in 7 weeks in pre-Christmas rally
Gold futures settled above $1,500 an ounce for the first time in about seven weeks on Tuesday as defensive positioning bets ahead of the Christmas holiday on Wednesday fueled a resurgence in demand for the precious metals, market experts said.
That marked bullion’s second session of gains and a year-to-date advance of 17.4%, according to FactSet data.
I must admit to taking some phyzzz off the table from last year-anything that gains double-digits and you don't is not a good strategy imo
Gold prices on Comex closed an hour early at 12:30 p.m. Eastern Time and will be closed on Wednesday for Christmas. Trading gains for the precious metal came as U.S. stock benchmarks, which tend to move in the opposite direction of gold prices, have hit recent records — typically, a reflection of strong appetite for assets perceived as risky and away from those viewed as havens.
https://www.marketwatch.com/story/gold-prices-rise-puts-metal-on-track-for-highest-settlement-in-7-weeks-2019-12-24?
https://www.zerohedge.com/markets/dow-dips-wise-men-buy-bonds-bullion-biotech
https://finance.yahoo.com/quote/%5EIXIC?p=^IXIC
https://www.kitco.com/charts/livesilver.html
how much did the jury get paid? Ridiculous.
Maria B is based. Anyone on TV has a level of control but she has always been a good one-even in cnbs days.
that entire episode is what sold me on the "something is really going on here". Moar than we can possibly know.
W's administration
FIFY
they were ready to take him out if he did not go to offutt later in the day. Reading the book upside down was a signal to everyone else
it's a long list and if it were me (not having the benefit at what he knew at time) would have a difficult time being restrained. Then they went after his kid.
Big balls and patience that man. Why I admire him
>>7611418
dayum...glow nigga here. 12 in one post