2015 IN A NUTSHELL

This has been the ultimate indicator around these parts. Don’t pass on the opportunity.

When the mentally challenged around here have the loudest voices, grab the bull by the horns… so to speak.

Into the close, I am taking a handful of the following: $SPLK, $UA, $XON, $CMCM, $DIS.

Trying to narrow this list down over the next few minutes.

I also want to chat about the oil analogue once more, ahead of the close. Stay tuned.

OA

A 1.8 TRILLION spending package bill was just passed, which includes a $680 billion package of tax-break extensions, in a 316 to 113 vote, and will now move to the Senate, where its passage is likewise assured and will be signed by the president over the next few days.

Richard Breslow notes, “fiscal policy may begin to emerge from hibernation. The spending and tax bills Congress is in the process of passing today is something that probably couldn’t have happened last year. Ryan and Pelosi working together to pass a bill that has White House support gives rise to holiday optimism. The Federal government is actually expected to boost GDP growth next year.”

This is a very big deal.

The Star Wars premier lit up the box office last night, and as a result, BTIG issues a downgrade on $DIS to sell.

Not much out there on this yet, except the following:

“At it’s core, Disney has “the highest level of fixed costs (sports rights) in the industry. ESPN now appears poised to become Disney’s most troubled business.”

Developing…

Bullish or bearish?

Haven’t seen this pattern in a long time…

OA

I think $CMG is a buy here for a trade.

In terms of sentiment, the cycle has run it’s course.

If the market can forge a low here today, that should allow $CMG to lift from these levels. As long as $CMG can remain north of $565, I think this starts to climb a wall of worry soon.