Wake Up Call – The Day Ahead Dec 21 2021

Just four days to Christmas and markets are jumpy. A live recap of what happened while we slept overnight and what lies ahead. We go through charts on the S&P 500, Nasdaq, Russell, WTI Oil and Natural gas. Markets continued higher after yesterday’s reversal off the sell off. Thin markets with a lot of fear bombs out there with multiple calls for a Santa rally blended in, before Christmas so be flat or nimble.

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

The markets:

  • WTI futures selling continued – .47 at $69.69
  • Natural gas +.014 at 3.852 on weather models
  • Apple bounced to around $171.68 reversal flowing on
  • The obsession remains the price of Apple for 3 trillion market is $182.86
  • U.S. Treasuries yields higher across the curve. The 2-yr yield up three basis points to 0.65%, 10-yr yield is up three basis points to 1.45%.
  • Nike Earnings Beat on Vigorous North American Sales 83 cents vs $0.63 EPS and $11.36 billion $11.25 Billion forecast in revenue. 
  • Micron Earnings Boosted by Data Center Sales and DRAM Shipments for the Cloud. $2.16 Beat $2.10 EPS Forecast and $7.69 Beat $7.68 billion forecast in revenue
  • General Mills (GIS 66.50, -1.29): -1.9% after missing EPS estimates on above-consensus revenue. 
  • FactSet (FDS 468.80, -2.17): -0.5% despite beating top and bottom-line estimates.
  • Goldman Sachs cuts GDP view for Q1, Q2, and Q3 2022
  • NZD the strongest, CHF the weakest
  • U.S. Dollar Index down 0.1% to 96.44.
  • Spot gold up 6.34% at $1796.42
  • Spot silver up $0.43 or 1.97% at $22.69
  • Bitcoin is trading higher at 48,800. Off low $45,570 yesterday.
  • Japan’s Nikkei: +2.1%
  • Hong Kong’s Hang Seng: +1.0%
  • China’s Shanghai Composite: +0.9%
  • India’s Sensex: +0.9%
  • South Korea’s Kospi: +0.4%
  • Australia’s ASX All Ordinaries: +0.9%
  • STOXX Europe 600: +1.1%
  • Germany’s DAX: +1.2%
  • U.K.’s FTSE 100: +1.0%
  • France’s CAC 40: +1.1%
  • Italy’s FTSE MIB: +1.3%
  • Spain’s IBEX 35: +1.4%

Overnight Stories in Depth

Visit Traders Market Weekly: Central Banker Deluge December 10 – 16 2021

for the daily calendar

Earnings Calendar For Today


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

Have a great trading day!


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