10am update - opening shaky gains

US equities open a little higher, but the gains look shaky. The smaller 15/60min equity cycles are rolling over - especially in energy, and look set for weakness into early Tuesday. Energy prices are strongly lower, Nat' gas -8.8%, with Oil -3.1%.


sp'60min

Summary

So... opening minor gains, but market looks a touch vulnerable into early tomorrow. Regardless... trend into January is strongly higher. The sp'2100s are coming.

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With Nat' gas getting smashed (or should that be exploded?)... stocks like CHK are seeing very significant opening declines of 5-6%...

CHK, daily

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To be clear, I do NOT expect new cycle lows in energy (whether ETFs like ERX), or Oil itself.. which should comfortably hold last week's low of $53.60.

stay tuned!