sp'60min
Summary
At the current rate, we'll see a bullish MACD cross on the hourly cycle tomorrow at 10am. The only econ data of note is GDP. A marginal upgrade (>2.1%) to Q3 sure would help.
Other than that... a naturally subdued day.
Anyone still think the crash wave many were touting last week (not least on the twisted Zerohedge) is going to occur in the remaining 6.5 trading days of 2015?
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notable weakness.. anything related to DIS.
DIS, daily
The opening $110s sure didn't last long, and its notable the swing to $105 is the lowest level since mid Oct'. There is considerable support in the 104/100 zone. Right now.. a break >120 looks out of range for at least 6-8 weeks.. and that would be on the basis that the market doesn't start to implode by late January.
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3.13pm... CMG, having new issues with e-coli
5min
Urghh. Next support is not until the 450/440 zone... the April 2012 high.
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3.21pm.. Seen on a multi-year basis... CMG sure has been struggling since July..around $750.
Not too pretty.