Table of Contents:

1. General Market Analysis: SPX and Other Major Indices 

2. Review of Select Sectors

3. Glance at Currencies and Commodities

4. Precious Metals and GDX

5. Trade Ideas

The market continues it's frustrating grind and chop. The Russell 2000 small caps remains very weak, in fact 1 out of 4 of the stocks in that index were down over 3% today! Otherwise in the very short term the market has done pretty much what we pointed out - it went up in a small abc pattern and then after completing that c wave high yesterday has been selling off again.  See the 15 min SPX chart (Chart #10 below). Also news related items can quickly move the market up and down in fast violent ways as we've seen.

Anyway nothing changes today technically:  It's still possible that Monday's low put in an Int Wave a low and the market is simply grinding it's way higher, albeit in a very choppy manner, in that Int wave B.  If Int wave B is in, then the market should form a higher low sometime on this pullback, moving in complex abc type patterns. Or it's possible that the wave A wasn't put in at Monday's low!  Again tough market, my suggestion if you are trying to trade all these 'wiggles' then day trade.  If you are long from Monday, stay long with a stop you are comfortable with. Let's not over complicate it!

Again guys like I stated last night, it's times like this when you should be focusing on capital preservation and keeping what you have, and if you do trade, focus on 1 or 2 items at most! And if you can day trade, there's plenty of opportunity for that, you can simply choose to focus on a 5 min chart of a volatile ETF with standard indicators. Or if you work a busy day job, stay on the sidelines, cash is a position!  Below is a chart I've been trading, it's a specialized Renko chart on ES.  Again in this volatility find something and laser focus on that or sit on sidelines. 

Week of December 10 - December 14

Date	ET	Release	For	Actual	Briefing.com Forecast	Briefing.com Consensus	Prior	Revised From
Dec 10	10:00	JOLTS - Job Openings	Oct	7.079M	NA	NA	6.960M	7.009M
Dec 11	06:00	NFIB Small Business Optimism Index	Nov	104.8	NA	NA	107.4
Dec 11	08:30	PPI	Nov	0.1%	-0.2%	0.0%	0.6%
Dec 11	08:30	Core PPI	Nov	0.3%	0.1%	0.1%	0.5%
Dec 12	07:00	MBA Mortgage Applications Index	12/08	1.6%	NA	NA	2.0%
Dec 12	08:30	CPI	Nov	0.0%	0.0%	0.0%	0.3%
Dec 12	08:30	Core CPI	Nov	0.2%	0.2%	0.2%	0.2%
Dec 12	10:30	EIA Crude Inventories	12/08	-1.2M	NA	NA	-7.3M
Dec 13	08:30	Export Prices	Nov	-0.9%	NA	NA	0.5%	0.4%
Dec 13	08:30	Export Prices ex-ag.	Nov	-1.0%	NA	NA	0.5%
Dec 13	08:30	Import Prices	Nov	-1.6%	NA	NA	0.5%
Dec 13	08:30	Import Prices ex-oil	Nov	-0.3%	NA	NA	0.1%	0.2%
Dec 13	08:30	Initial Claims	12/08	206K	225K	228K	233K	231K
Dec 13	08:30	Continuing Claims	12/01	1661K	NA	NA	1636K	1631K
Dec 13	10:30	Natural Gas Inventories	12/08	-77 bcf	NA	NA	-63 bcf
Dec 13	14:00	Treasury Budget	Nov	-$204.9B	NA	NA	-$138.5B
Dec 14	08:30	Retail Sales	Nov		0.3%	0.2%	0.8%
Dec 14	08:30	Retail Sales ex-auto	Nov		0.4%	0.3%	0.7%
Dec 14	09:15	Industrial Production	Nov		0.3%	0.3%	0.1%
Dec 14	09:15	Capacity Utilization	Nov		78.5%	78.6%	78.4%
Dec 14	10:00	Business Inventories	Oct		0.6%	0.5%	0.3%

Actual refers to the actual figures after their release.

Briefing.com Forecast refers to Briefing.com's forecast.

Briefing.com Consensus represents the market consensus estimate for each indicator.

Prior represents the last actual for each indicator. In cases where the release is a revision to an earlier estimate, as is possible with GDP, productivity, and U of Michigan sentiment, the last actual refers to the preliminary estimate for the same period. After a report is released, the Prior column reflects the prior figure as revised.

The Revised From column lists the prior number as it was originally reported, ie before revision.

Not included: Mitsubishi and Redbook chain store indexes are released every Tuesday morning. M2 is released every Thursday at 16:30 ET.

Stock Earnings Calender:

Click here for a list of Stocks that are reporting Earnings

**Generally we never hold a position into earnings since the risk/reward is too great