COT DECEMBER 2016

Mixed results depending on the market

Energy in plenty of supply with Leverage funds naming the price

Leverage funds are leaving gold

Mixed on the ES, YM and NQ

Oil looks correct - Commercials are selling and Managed money is Buying at whatever price they want
Follow Managed Money

GOLD - Managed money continues to sell hard while Commercials are increasing their buying
Follow Managed Money

Natural Gas - Managed money is buying and setting the price, producers selling what ever they have.
Follow Managed Money

Asset managers are taking ES up.  
Dealers remain neutral
Leveraged funds are steady selling
Mixed Market

Leveraged Funds buying the market up
Asset Managers buying slightly
Dealers more than happy to sell
Long the Dow

Leveraged Funds and Asset Managers selling off their positions
Dealers picking up the orders
Short the NQ

Bonds - ZN 10 Year December 2016

Bonds have been moving lower and reaching historical levels:

90 Day Bond Prices Falling

3 year view - ZN Bonds falling to 3 year low levels

20 Year View - Bond Prices re-entering the 20 year most popular price range

Lean Hogs - December 2016

Prices are climbing....

After putting in a 20 year low, the price for Lean Hogs is climbing back into value range

The good news is that price is within the range we've had for the last 2 recent years...

While we had a gap down approximately 2 months ago, we've recently had a gap up

While pork products are still a good buy, watch out for local price gouging.

Natural Gas - December 2016

20 Year View show recent up trend in Natural Gas Prices, yet still within its 20 year high volume area
Uncertain are the large capital projects that are in work based on peak NG prices

3 year view shows possible bottoming of Natural Gas pricing

90 Day view of Natural Gas prices, from a technical MP perspective, shows possible settling price between the two HVA's

Trend suggests going long on NG Companies

Intraday Trade per detailed rules

Oil - December 2016

OPEC and major Non-OPEC countries have declared an agreement to curb production.   Uncertain is the ability to maintain that agreement...

Oil is near its 20 year point of control

3 year view shows oil's fall into a range between the profitable price bands - placing shale producers in limbo

90 day view shows opportunities for intraday trading

Gold - 12/14/2016

DECEMBER 14TH, 2016 UPDATE
The Elections are over, let's take a look at gold....

90 Day View - Since the elections, gold prices has fallen

3 Year View - Possible support on the 3 year High Volume Area.   Look for a possible reversal

20 Year View - Gold continues to trade near it's 20 year Point of Control.  Right where it should be...

Japanese Yen - December 2016

JAPANESE YEN - 6J

ON NOVEMBER 9TH, 2016, SOMETHING HAPPENED TO THE JAPANESE YEN 30 DAY VIEW

TWENTY YEAR VIEW - It appears after the run up, it has returned to value...

Three Year Close Up  - 6J Japanese Yen

Trumps Tweet on the F-35

This came out at 7:46 am

Backdrop: LMT Price had recently double topped off the $270 target and was already in the process of correcting when the tweet came out making news. This double top capped of a very nice post election rally plus surprise word that future growth at 7% was possible. "Buy on the rumor and sell the news...." Remember that one?

Summary: After the news making tweet, an orderly sequence of activity took place, demonstrating the strength and depth of the market as well as the market's ability to make a profit trading under the guise of "the news".

A One Year view is provided to aid in gathering context. Notice the major trend channel forming. Remember this

One Year View

A closer view at 90 days out shows price putting in a double top at the $270 target level and catching support off the SMA 200, putting in a low of the day close to the reach of the lower major trend line (red).   Only short timeframe traders can execute this so exactly.

90 day view

Zooming in to the Daily View, here is today's DETAILED PRICE ACTION:

1. TRUMP TWEET
2. PRICES CRASHES ON PRACTICALLY….
3. ZERO VOLUME
4. A & B - “SELL ON OPEN” ORDERS FIRE OFF AT THE OPENING BELL WITH RESPECTABLE VOLUME, SELLS INTO...
5. STRONG STEADY BUYING (ACCUMULATION) AT THE DISCOUNT
6. PRICE TESTS MAJOR TREND LINE
7. AND PROCEEDS TO MARKUP PRICE TO THE PREMARKET POINT OF CONTROL UNTIL
8. CLOSING BELL, END OF SESSION WHEN THE CASH OUT IS ALL THOSE HOLDING LONG WHO MADE A NICE PROFIT BUYING AT THE DISCOUNT.

TAKEAWAY:

RULING REASON: LONG TERM TRADERS ENDED THE DAY WITH A -2.4% CHANGE ON AN ISSUE THAT WAS APPEARING READY FOR A CORRECTION.

RULING REASON: THE QUICK AND NIMBLE DEALERS APPEARED TO HAVE PROFITED NICELY DRIVING THE MARKET DOWN ON NEWS AND LITTLE VOLUME, WITH LAGGARD SELLERS ARRIVING AT THE OPENING BELL, AND THE BOUGHT LOW WHILE SELLING HIGHER. PRETTY SLICK....

RULING REASON: THIS WAS A COORDINATED MOVE IN RESPONSE TO NEWS.   WATCH FOR THIS IF TRUMP TWEETS OTHER COMPANIES

RULING REASON: TOMORROW AND IN THE DAYS AHEAD, WATCH FOR THE ARRIVAL OF LARGE LOT TRADERS (LONG TIMEFRAME TRADERS) TO PARTICIPATE IN THE NEWS.



PUT THESE 9 ON YOUR WATCHLIST....
http://www.cbsnews.com/media/9-ceos-who-may-fear-a-donald-trump-presidency/

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