Wednesday, January 11, 2017

TRUMP'S FIRST NEW'S CONFERENCE & OIL ZIG ZAGS




TRUMP NEWS CONFERENCE EFFECT - THERE WAS A HUGE SWING DURING TRUMP’S NEWS CONFERENCE.    BASED ON THE FOLLOWING VIEW, THE SWING WAS CAUSED BY AN OIL FLUSH THAT CARRIED THE MARKETS.







MP ACTION
- EQUITIES CONTINUE HUDDLING JUST BENEATH ALL TIME HIGHS
- GOLD FLIP CALL WAS INCORRECT
- OIL RESCUES TRAPPED BEARS
- NG IN RANGE



VOLUME


NQ & ES VOLUME LIGHTER THAN AVERAGE BUT STEADY
YM VOLUME AVERAGE (BUILDING SUPPORT)
Equities continue to consolidate - slowing down






PRICE ACTION