sp'60min
Summary
There are just four days left of the year, and we're starting the short week on a somewhat bearish note.
However, nothing has changed. Another net weekly gain is highly probable... somewhere in the 2080/90 zone.
There is a clear price gap around 2040, and Mr Market will be highly prone for a sharp reversal there today/early tomorrow.
Oil will clearly play a role in this market into year end... and across 2016. For now... there is more probability of upside ($40 threshold)... than breaking new multi-year lows.
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early movers...
CHK -3%
FCX -3%
NFLX -1%
RIG -1.5%, SDRL -2%
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Update from Mr C.
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Overnight Asia action
Japan: +0.6% in the 18800s
China: holding steady in the morning, but increasingly weak into the close, -2.6% @ 3533
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Have a good Monday