Wake Up Call – The Day Ahead Dec 30, 2021

Just one day to 2022 and markets take a breather. 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 have eyes on US economic releases particularly the Chicago PMI and EIA Natural Gas storage. Natural gas futures failed again at $4.00 with weather models signaling lower HDD. Thin markets with a lot of fear bombs out there with multiple calls for a Santa rally blended in, before New Year’s 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:

  • S&P Futures vs Fair Value: +4.0
  • WTI futures consolidation continued – .16 at $76.43
  • Natural gas -.06 at 3.78 weather models & wholesale natural gas prices in Europe.
  • Apple testing near resistance at $180.00
  • The obsession remains the price of Apple for 3 trillion market is $182.86
  • Biogen (BIIB 241.12, -17.19): -6.7% after Samsung Group denied yesterday’s report that it was in talks to acquire the company.
  • Micron (MU 94.49, -1.68): -1.8% after warning of possible delays for its DRAM memory chips because of China’s lockdown of Xi’an, according to CNBC.
  • U.S. Treasuries yields lower across the curve. The 2-yr yield is down one basis point to 0.74%, and the 10-yr yield is down one basis point to 1.53%.
  • The U.S. Dollar Index is little changed at 95.91.
  • USD/JPY: 115.14   +0.17
  • EUR/USD: 1.1308 -0.0043
  • Spot gold down 1799.90 -5.90
  • Spot silver down 22.72 -0.14
  • Bitcoin is trading down $47,380
  • Japan’s Nikkei: -0.4%
  • Hong Kong’s Hang Seng: +0.1%
  • China’s Shanghai Composite: +0.6%
  • India’s Sensex: UNCH
  • South Korea’s Kospi: -0.5%
  • Australia’s ASX All Ordinaries: UNCH.
  • STOXX Europe 600: +0.3%
  • Germany’s DAX: +0.1%
  • U.K.’s FTSE 100: +0.1%
  • France’s CAC 40: +0.3%
  • Italy’s FTSE MIB: +0.2%
  • Spain’s IBEX 35: +0.3%.

Visit Traders Market Weekly: Traders Market Weekly: Goodbye 2021 – TRADERS COMMUNITY for the daily calendar

Overnight Stories in Depth

China Aims to Guide More Long-Term Foreign Investors into its Treasury Bonds – TRADERS COMMUNITY

The breakdown of the Chinese property market exemplified by the Evergrande crisis coupled with the unknowns of the shadow banking debt rocked China in 2021. China has been responding to these vulnerabilities. A Ministry of Finance official on Wednesday pointed to changes in the Chinese treasury bond market.

Around The Barrel – Crude Oil and Gasoline Outlook – TRADERS COMMUNITY

WTI Oil futures have rallied back from the recent dump. Last week EIA reporting US Crude stocks in SPR fell to lowest since Nov 2002. Last Week crude drew -4715Kbbl (incl +1463kbbl build at Cushing). Gasoline stocks grew +5533kbbl. Utilization fell -.2% to 89.6%. Production 100k to 11,600 kbpd.

Into The Vortex – Natural Gas Storage Outlook – TRADERS COMMUNITY

Heading into Christmas and cold temperatures around us gas withdrawal season is in swing. While in Europe natural gas futures are back to near all-time highs again US natural gas futures are softer reacting to domestic weather models. Last week EIA reported a draw of -55 Bcf of working gas in storage lower than expected. With the global energy crisis LNG exports continue to grow but we balance supply shortages with deliverability.

Earnings Calendar for Today

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

Have a great trading day!

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