Weekend Report:

This Past week equity markets declined, FOMC raised interest rates and the US Government did not pass a budget which led to a partial government shutdown. S&P500 declined 7.2% trading to levels last seen in July 2017.

Key Charts at Major Inflection Points:

S&P 500 has declined 17.3% off it’s September high and currently sits right on key Fibonacci retracement levels.

Crude Oil has declined over 40% since it’s October high above $77 a barrel.

Gold has traded constructively over the past few months despite US Dollar strength. Historical seasonality patterns show that December and January are typically strong months for Gold.

FedEx Many look to FedEx as a barometer of the global economy. When things are good, companies and individuals order more goods which need to be delivered. When they are tepid about the future they scale back. December 18 FedEx reported earnings and signaled uncertainty about the global economy.

Month To Date Performance:

This past week in our live stream chat room we spoke with:
Larry Benedict, Trader
Mark Fisher, frequent CNBC guest & Author, The Logical Trader
Adam Collins, Movement Capital
Tony Greer, TG Macro
Phil Flynn, The Price Group and Fox Business
Brynne Kelly, The Fundamental Angle
Joe Vaclavik, The Standard Grain
Tracy Shuchart, Trader
Tom McEntee, Trader
Vince Lanci, Echo Bay Partners
Andy Lebow, Commodity Research Group
Ed Meir, Commodity Research Group
Mark Lorin, CoQuest Advisors
Dave Floyd, Aspen Trading
Mike Korn, Commodity Trader

If you are not yet a member: Special offer for December: Join our team and watch Larry trade. Ask Larry and our experienced team questions anytime and learn from our webinars $30 for your first month. After your first month, for this special offer, our service is $99 a month (billed quarterly). CANCEL ANYTIME if you are not satisfied. JOIN TODAY

We look forward to speaking with you in our live stream chat room this week!

Have a nice weekend and holiday,

Opportunistic Trader