Wednesday, December 17, 2014

Morning Charts 12/17/2014 SPX /es

Not much out there this morning to read check out -  

Psst: How Much Systemic Debt Is In Oil? 

The Great Generic Drug Rip-Off 

Matt Taibbi On the Passage of the Spending Bill With Wall St Giveaway By the Senate

Obama issues 'executive orders by another name'

and most importantly for market observers - 

Crude Continues Slide, Ruble Stabilizes, US Futures Rebound As Global Stocks Slump: All Eyes On Yellen

On to the lie - 

SPX Daily - Critical support, this is about as low as they let UST go in the last fall and Grandma speaks today. I wondered about this area around 1980 and would they try to hold the line here. They did well yesterday till late. It another support move is happening this morning. Fall is still similar to the last one but a bit more severe. 

And - He was so far ahead of his time - 

Lucy Van Pelt: I know how you feel about all this Christmas business, getting depressed and all that. It happens to me every year. I never get what I really want. I always get a lot of stupid toys or a bicycle or clothes or something like that.
Charlie Brown: What is it you want?
Lucy Van Pelt: Real estate.

More to come below. 

Have a good day. 

GL and GB!

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