| | |

The Morning Look

ByGary Kaltbaum
1 Comment

Market Update:

Stock futures are mixed to lower before Monday’s open. Crude oil is up after OPEC and Non OPEC members struck a deal to cut production for the first time since 2001. Separately, investors are now waiting for the Fed meeting on Wednesday.

Gary’s Thoughts: Our longer weekend report will be out tonight. NASDAQ futures down nicely this morning but S&P flat. The story is oil as OPEC added more cuts in production. Oil prices up a few percent with oil stocks just recently breaking out of range.

Economic Calendar:

  • 4-Week Bill Announcement 11:00 AM ET
  • 3-Month Bill Auction 11:30 AM ET
  • 6-Month Bill Auction 11:30 AM ET
  • 3-Yr Note Auction 1:00 PM ET
  • 10-Yr Note Auction 1:00 PM ET
  • Treasury Budget 2:00 PM ET

Highlights:

  • Istanbul and Cairo were hit with two separate terror attacks over the weekend
    Gary’s Thoughts: Will never end.
  • OPEC, non-OPEC agree first global oil pact since 2001
    Gary’s Thoughts: They are a determined bunch right now.

One Comment

  1. Yoda wants to short this market so bad he can taste it.
    Yoda will not.

    The leading indexes,, are all setting up to short.
    Yoda’s secret indicators are screaming; “SHORT !”

    Yoda will not …..

    x
    The Empire announces Wednesday.
    From the shadows, Darth Vader will speak…..

    On the words of Lord Vader: Will the market rally? Will the market pull back… ?
    Even the powers of force know not….

    Xlu is rally, before the fed raises interest rates. …. ??
    Xlf is set to pull back.
    Leading indexes are set to pull back.

    We are in Christmas rally season.

    SMH, and qqq are both teasing support, just above the 50d moving average.

    What to do ?
    x
    x
    x
    x
    x
    what to do ?

    Yoda will keep to the shadows just behind the robes of the empire;
    Yoda will hold cash.

Comments are closed.