Wake Up Call – The Day Ahead Dec 13 2021

A live recap of what happened while we slept overnight and what lies ahead. We go through charts on the S&P 500, WTI Oil and Natural gas. Big overnight moves up from the weekend overnight flowing on from with ES and AAPL seeing ATH. Oil has pulled back from highs. Moves from Asian markets higher. The markets primed for a deluge of Central Bankers.

  • Enjoy live commentary from Our Trading Room at youtube as the day wraps up – feel free to like and share

One key thing to watch after the CPI print is how interest rate hike expectations change. At present Fed futures pricing in 2 hikes next year.

Weekly Overview: Market Wrap – Stocks and Oil Take a Breather Ahead of US Inflation Report

The markets:

  • WTI futures off overnight highs down .63 at $71.30
  • Natural gas +.19 after weekend weather runs, gap in sight
  • Apple hanging around $182.00 after $AAPL trades new ATH and large option strike levels
  • Price of Apple for 3 trillion market is $182.86
  • JP Morgan raised its price target on the stock to a Street-high of $210. 
  • Coca-Cola (KO 56.86, +0.58) +1.0% after upgraded to Overweight from Neutral at JP Morgan.
  • Harley-Davidson (HOG 41.61, +4.80): +13.0% after its LiveWire unit will merge with AEA-Bridges Impact Corp (IMPX), becoming the first publicly traded EV motorcycle company in the U.S.
  • Arena Pharma (ARNA 96.05, +46.11): +92.3% after agreeing to be acquired by Pfizer (PFE 53.51, +0.73, +1.4%) for $100/share in a $6.7 billion deal. 
  • PX FLOW (FLOW 85.20, -0.43): -0.5% after agreeing to be acquired by Lone Star Funds for $86.50 per share in an all-cash transaction valued at $3.8 billion, including assumption of debt.
  • Treasury yields subdued 10-year yields down 1.7 bps to 1.471%
  • Spot gold up $7.50 or 0.42% $1790
  • Spot silver is up $0.13 or 0.55% at $22.27
  • Bitcoin at $48,619.20. Up from Friday close $47,142. Low over weekend $46,789. The high $50,800.
  • US Treasury 10-year yields down 1.2 bps to 1.497% after yesterday’s auction.
  • In forex the USD the strongest, AUD weakest
  • Japan’s Nikkei: +0.7%
  • Hong Kong’s Hang Seng: -0.2%
  • China’s Shanghai Composite: +0.4%
  • India’s Sensex: -0.9%
  • South Korea’s Kospi: -0.3%
  • Australia’s ASX All Ordinaries: +0.4%.
  • STOXX Europe 600: +0.5%
  • Germany’s DAX: +0.9%
  • U.K.’s FTSE 100: -0.2%
  • France’s CAC 40: +0.1%
  • Italy’s FTSE MIB: +0.5%
  • Spain’s IBEX 35: +0.2%.

Overnight Stories in Depth

China CPI increased at its fastest pace since mid-2020 in the November

Banco Central do Brasil​ again aggressively hiked its benchmark interest rate by 1.5% to 9.25%.

Reserve Bank Of New Zealand TWI Re-Weighting Sees Chinese Yuan Higher and Australian Dollar Lower

U.S. And Israel To Discuss Military Drills For Different Iran Scenarios

The DIX Dark Index As a Proxy For Buying Activity Opportunities.

Visit Traders Market Weekly: When The Rubber Meets The Road – TRADERS COMMUNITY for the daily calendar

Earnings Calendar For Today

Earnings BMO

Earnings AMC

Any questions please feel free to ask them below. Trade Smart!

Have a great trading day!

RISK DISCLOSURE STATEMENT FOR SECURITIES, STOCKS, FOREX, CRYPTO FUTURES OR ANY OTHER FINANCIAL INSTRUMENT

This information is provided for educational purposes only and is not a direction to buy or sell the instruments discussed. It is imperative before trading you assess your individual risk, the market risk, taxation risk, your counterparties risk and your suitability to engage in any investment of trading financially, mentally or ethically or legally. This warning does not cover all possible risks and is for educational purposes only.

THE NFA in their disclosure statement discusses the characteristics and risks of standardized security futures contracts traded on regulated U.S. exchanges. At present, regulated exchanges are authorized to list futures contracts on individual equity securities registered under the Securities Exchange Act of 1934 (including common stock and certain exchange-traded funds and American Depositary Receipts), as well as narrow-based security indices. Futures on other
types of securities and options on security futures contracts may be authorized in the future.

It is advised and suggested before trading you read the risk disclosure documents of what and where you intend to trade. We have included the short form from the NFA, this is not to be taken as a be all and end all please continue with your own investigation of the markets or instruments you trade with.

Before trading go to: RISK DISCLOSURE STATEMENT FOR SECURITY FUTURES CONTRACTS