12/17 Morningline

The November leading economic indicators report will be out shortly.
This is my favorite economic indicator, because it's forward looking and so matches the mindset of the markets. October was the seventh month to show an increase.

Meanwhile, to the indicators:

• Blue chips (SPY) opens at 110.72 on a gap downward, entered bear mode at close on Dec. 8 (at 109.61)
• Fear index (VIX) gaps upward 21.79, bear, Dec. 11 (21.59)
• Treasury long bonds (TLT) 92.5 on an upward gap, bear, Dec. 1 (95.25)
• Gold (GLD) 109.47 gaps downward, bear, Dec. 4 (113.75)
• Oil (USO) 36.59 no gap, bear, Dec. 4 (38.33)

Mainly, it's a gappish sort of day.

Currency pairs:

• Dollars per euro (EUR/USD) 1.45, bear, Dec. 4 (1.49)
• Yen per dollar (USD/JPY) 89,76, bear, Dec. 9 (87.86)

Holdings, December expiry:

• UNG, covered call (-c9) 10.20, bull, Dec. 7 (9.22)

Holdings, January expiry

• AET, bull put spread (p31/-p32) 33.56, bull, Dec. 8 (30.47)
• HPQ, bull put spread (p49/-p50) 50.94, bull, Dec. 9 (49.95)
• KO, iron condor (p50/-p52.5/-c57.5/c60) 58.26 and falling, bull, Dec. 1 (58.08)
• LVS, covered call (-c16) 15.55, bull, Dec. 14 (16.31)
• X, bear call spread (-c40/c41) 49.26, bull, Dec. 9 (46.74)
• VALE, bull put spread (p30/-p31) 28.27 on a gap down, bull, Dec. 14 (29.20) 

VALE is showing a new bear signal on a gap down but with a rising price since the open. It will bear watching.

KO is dropping back into profitable territory on my iron condor.

(Signals derived using Person's Proprietary Signal applied to daily charts.)