Uncertain Thursday

Another overnight with a bunch of new developments leaves your host wondering where things might head from here as the day progresses. The good news is that Dec24 CDG has surged through that $2660 level we discussed yesterday and looks poised for more gains and a move back above its 50-day MA.

What an interesting week we've had. After that brutal stretch following the US election earlier this month, CDG is poised to post its fourth consecutive up day today. It first reached its 50-day overnight before falling back. Will it next break through and move toward $2700?...

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Key Economic Events Week of 12/16

12/16 8:30 ET Empire Fed
12/16 9:45 ET S&P flash PMIs
12/17 8:30 ET Retail Sales
12/17 9:15 ET Cap Ute & Ind Prod
12/18 8:30 ET Housing Starts
12/18 2:00 ET FOMC Fedlines
12/18 2:30 ET Jerry presser
12/19 8:30 ET Jobless Claims
12/19 8:30 ET Q3 GDP final guess
12/19 8:30 ET Philly Fed
12/19 10:00 ET LEIII
12/20 8:30 ET PCE and Core PCE
12/20 8:30 ET Personal Inc & Spend
12/20 10:00 ET UMich Dec sentiment