Program Trading for 5 December 2017

Sell Programs No Programs Buy Programs
Index Sell
Active (SA)
Sell
Threshold (ST)
Fair Value
(Premium) (FV)
Buy
Threshold (BT)
Buy
Active (BA)
S&P
500
(TM)
-3.27 -1.94 -0.12 1.42 2.57
NASDAQ
100
(SM)
-6.90 -3.34 1.47 8.17 13.13
Dow Jones
Ind. Avg.
(SM)
-20.08 -13.13 -3.70 11.37 22.50

S&P Levels of Interest for 5 December 2017

R3  2696.50     R2  2679.00     R1  2661.50
DP  2633.25
S1  2615.75     S2  2587.50     S3  2570.00

Todays Markets

Economic Calendar
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Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Dollar, Yields Gain on Tax Cuts as Stocks Mixed: Markets Wrap
The dollar, yields and U.S. equity-index futures rallied after Senate passage of tax-cut legislation drew focus away from events in the continuing investigation into connections between Donald Trump’s aides and Russia. Asian stocks outside of Japan climbed. [more...]
Bloomberg: Yen Is at Risk of Big Move, Like Euro in June
The second quarter of 2018 is shaping up to be a potentially sensitive time for the yen, when new -- or newly reappointed -- leaders at the Bank of Japan could opt to telegraph a tweak in monetary policy, according to Evercore ISI analysts. [more...]
Bloomberg: China's Stock Rally May Run Out of Steam Next Year
China’s benchmark stock index will trade weaker than current levels for much of next year as an official deleveraging campaign crimps credit growth and keeps interest rates elevated, according to Bocom International Holdings Co.’s Hao Hong. [more...]
Bloomberg: A $5 Billion Fund Manager Says Fears of China Are Overblown
When investors get nervous about the Chinese markets, it’s an opportunity for some to snap up stocks in the country’s emerging global powerhouses. [more...]
Bloomberg: Oil Falls Below $58 as Rig Count Counters OPEC Curbs Extension
Oil dropped below $58 a barrel as investors weighed an increase in U.S. oil drilling rigs against OPEC’s promise to extend output cuts through the end of next year. [more...]
Bloomberg: Now Quants Want to Program Robots to Track Bitcoin as Smart Beta
Quant blended with cryptocurrency sounds like a cocktail poured in hell. But behind closed doors, a few intrepid souls in the investing world are starting to drink it. [more...]
Bloomberg: Bitcoin Is Now Bigger Than Buffett, Boeing and New Zealand
Bitcoin’s extraordinary price surge means its market capitalization now exceeds the annual output of whole economies, and the estimated worth of some of the world’s top billionaires. [more...]
Reuters: CVS Health to acquire Aetna for $69 billion in year's largest acquisition
U.S. drugstore chain operator CVS Health Corp (CVS.N) said on Sunday it had agreed to acquire U.S. health insurer Aetna Inc (AET.N) for $69 billion, seeking to tackle soaring healthcare spending through lower-cost medical services in pharmacies. [more...]
CNBC: The GOP tax plan is a multi-billion-dollar gift to China and Germany
The relationship between tax cuts and the U.S. economy's external sector is simple: A reduction of income tax liabilities raises households' disposable income, which drives personal consumption, residential investments and, indirectly, business capital outlays. [more...]
CNBC: 'Inflation is all over the place' and it's creating a dangerous distortion in stock market
He's not known for being subtle when it comes to his stock market correction calls or criticizing Washington politics. And as stocks reached new heights last week, former Republican congressman and libertarian Ron Paul listed inflation high on his list of concerns. [more...]
Currency Strength Indicators
Image
​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair. To get the latest Currency Strength Indicator please click here

Todays Markets

Economic Calendar
Image
Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Stocks in Asia Mixed as U.S. Tax Outcome Awaited: Markets Wrap
Asian stocks fluctuated at the start of the last month of 2017 and S&P 500 Index futures declined as the U.S. tax bill encountered stumbling blocks. The dollar headed for its first weekly gain in four weeks ahead of the tax vote. [more...]
Bloomberg: Nordea Bank’s 6,000 Job Cuts Are Just the Beginning, Union Says
One of Sweden’s main financial-worker unions says the job cuts announced in October by Nordea Bank AB are just the beginning of a transformation that’s about to hit the whole industry as more financial firms come to rely on digital solutions. [more...]
Bloomberg: Elon Musk's Battery Boast Will Be Short-Lived
Billionaire Elon Musk defied his doubters to beat Friday’s 100-day deadline and install the world’s biggest battery in the Australian outback. He’ll probably relinquish that crown by February. [more...]
Bloomberg: JPMorgan Sees Pain for Growth Stocks and Their Hedge Fund Fans
It’s not the end of the carried interest loophole, but JPMorgan Chase & Co. believes there’s another way U.S. tax reform could end up hurting hedge funds. [more...]
Bloomberg: Chriss Is Shutting His $2 Billion Hutchin Hill Hedge Fund
Neil Chriss is shuttering his $2.2 billion hedge fund firm and returning all capital to investors, joining several veteran managers calling it quits this year. [more...]
Bloomberg: Bitcoin Volatility Intensifies While Exchanges Struggle With Demand
Bitcoin continues its reversal from the all-time high, slumping as much as 11 percent Thursday, as online exchanges struggle to keep up with a jump in customer interest. [more...]
Reuters: Bitcoin pauses below record peak; gained 55 percent in November
Bitcoin hovered around $9,600 in volatile trade on Friday, after tumbling about 15 percent from an all-time high hit this week as some money managers warned ominously of a bubble and further falls in the stratospheric cryptocurrency. [more...]
Reuters: Asian shares pare gains as vote on U.S. tax bill delayed
Asian shares and the dollar pared their modest gains on Friday, with risk appetites supported by advances on Wall Street but capped by concern as investors awaited the U.S. Senate’s vote on U.S. tax reform legislation. [more...]
CNBC: Stability and strategy: Why is China so easy on North Korea?
While the world watches North Korea test yet another missile in defiance of international sanctions and warnings, China continues to be a friend to Kim Jong Un's regime. [more...]
CNBC: Bitcoin bubble could 'decentralize internet' and threaten power of tech giants, VC says
Bitcoin's rise could help lead to the creation of a so-called "decentralized internet" that could take power away from large technology firms, two venture capitalists told CNBC on Thursday. [more...]
Currency Strength Indicators
Image
​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair. To get the latest Currency Strength Indicator please click here

Todays Markets

Economic Calendar
Image
Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Tech Stock Slide Spreads to Asia; Korean Won Drops: Markets Wrap
A slide in technology stocks spread to Asia from the U.S. as investors sold some of this year’s best performers. South Korea’s won slid after its central bank said it would keep an accommodative policy stance after raising interest rates for the first time since 2011. [more...]
Bloomberg: Bitcoin Recovers From Sudden Selloff as Large Swings Persist
Bitcoin rallied as much as 20 percent from its Wednesday low, easing concern that an abrupt selloff in the cryptocurrency might spiral into something deeper. [more...]
Bloomberg: Swiss Economy Grows at Fastest Pace Since 2014 on Manufacturing
Switzerland’s economic expansion accelerated in the third quarter, growing at the fastest pace since late 2014 when the central bank still had a currency cap in place. [more...]

Bloomberg: Goldman Warns That Market Valuations Are at Their Highest Since 1900
A prolonged bull market across stocks, bonds and credit has left a measure of average valuation at the highest since 1900, a condition that at some point is going to translate into pain for investors, according to Goldman Sachs Group Inc. [more...]

Bloomberg: Bitcoin’s Wild Ride: A Rally, a Rout and Outages on the Exchanges
Bitcoin plunged as much as 20 percent hours after a rally past $11,000 generated a surge in traffic at online exchanges that led to intermittent outages. [more...]

Bloomberg: This Is What Could Pop the Bitcoin Bubble
Bitcoin and bubble have become virtually synonymous in the minds of many skeptics during this year’s breathtaking rally. While the digital currency has defied doomsday prophesies, there’s a number of ways this party could end badly for the swelling ranks of bulls. [more...]
Reuters: Tech tumble hits Asian stocks, bitcoin steadies
Asian shares fell on Thursday, weighed down by a plunge in high-flying tech shares on fears that a long boom in micro-chips may have peaked, while virtual currency bitcoin steadied after a roller-coaster ride in the previous session. [more...]
Reuters: ECB to shut the door on easy money by end-2018: Reuters poll
The European Central Bank should shut the door on its monthly asset purchases next September, according to a majority of economists in a Reuters poll, but they were split on whether it would. [more...]
CNBC: Trump lashes out at British prime minister after she says he was 'wrong' about anti-Muslim videos
In a rare rebuke to the United States, British Prime Minister Theresa May's office on Wednesday condemned President Donald Trump's decision to retweet three anti-Muslim videos from a leader of an anti-immigrant political group in the U.K. [more...]
CNBC: OPEC meeting becomes 'Russian psycho-drama' but deal still expected
A reluctant Russia is expected to agree with OPEC and other producers to continue to curb global oil production, but the deal may have more caveats than initially expected by the market. [more...]
CNBC: Nikki Haley to China: Cut off oil to North Korea, or we'll take the situation into our own hands
U.S. Ambassador to the United Nations Nikki Haley on Wednesday appeared to threaten to disrupt Chinese crude oil shipments to North Korea following the hermit kingdom's test of an intercontinental ballistic missile on Tuesday. [more...]
CNBC: Cramer: Bitcoin's $11,000 move means it's 'parabolic' and it won't last
Bitcoin's velocity is a sign that its surge is "parabolic," and that could mean the cryptocurrency's rally won't last, CNBC's Jim Cramer said Wednesday. [more...]
Currency Strength Indicators
Image
​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair. To get the latest Currency Strength Indicator please click here