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Sep 16 - US House Plans Vote On Bill To Lift Ban On Oil Exports

EMOTION MOVING MARKETS NOW: 17/100 EXTREME FEAR

PREVIOUS CLOSE: 13/100 EXTREME FEAR

ONE WEEK AGO: 13/100 EXTREME FEAR

ONE MONTH AGO: 11/100 EXTREME FEAR

ONE YEAR AGO: 38/100 FEAR

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 14.81% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors.

Market Volatility:  NEUTRAL The CBOE Volatility Index (VIX) is at 22.54. This is a neutral reading and indicates that market risks appear low.

Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows exceeds the number hitting highs and is at the lower end of its range, indicating extreme fear.

PIVOT POINTS

EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBPGBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY 

S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) Euro (6E) |Pound (6B)

EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL)

CRUDE OIL (CL) | GOLD (GC)

 

MEME OF THE DAY – I JUST LOVE MY NEW SWEATER….

 

UNUSUAL ACTIVITY

MYE Director Purchase 5,000 @$12.7959

DG Chief Executive Officer Purchase 4,300 @$70.7253                      

NVET Director Purchase 10,000 @$4.786

HPQ Oct weekly2 28 CALLS active @$.61-.62

P Sep weekly4 CALL Activity 20 CALLS 700+ @$.39

YNDX SEP 11 CALL Activity @$.45 1k+

More Unusual Activity…

HEADLINES

 

ECB Nowotny hints at extension of QE program

US House plans vote on Bill to lift ban on oil exports

White House doesn't support House Bill to lift crude export ban

Challenger: Holiday retail hiring expected to be flat in 2015

Basel Committee: Global banks reach almost all 2019 capital standards

 

GOVERNMENTS/CENTRAL BANKS

Atlanta Fed GDPnow Q3 2015 (15/Sept): 1.5% (prev 1.5% on 3/Sept)

ECB's Nowotny hints at extension of QE program --ForexLive

ECB Nowotny: Emergency liquidity provision should remain with national cbanks --Rtrs

ECB Nouy: European deposit insurance scheme will take time --Rtrs

ECB: Eurozone house prices are rising --FT

BOI Visco: Italy out Of recession, Bad Bank to support NPL sales --MNI

Italy Debt Chief Cannata: ECB is not jeopardizing secondary market liquidity --ForexLive

French economists protest ex-banker's nomination to central bank --Rtrs

EU Dombrovskis: Greek debt relief talks could start next month --MNI

Riksbank's Jansson: Intervention definitely a possibility --ForexLive

BOJ Kuroda: Japan's virtuous economic cycle is working --ForexLive

Australian businesses hail Turnbull toppling of Abbott --FT

GEOPOLITICS

US not planning China cyber sanctions before Xi visit --Rtrs

North Korea restarts main nuclear complex --FT

FIXED INCOME

Two-Year Treasury Yield Approaches Four-Year High Before Fed Meeting --WSJ

Treasury yields rise on mixed economic data ahead of Fed meeting --MW

Political uncertainty in Spain widens bond spreads --FT

Italy Debt Chief Cannata: China turmoil could reduce purchases of Italian debt --MNI

Moody's: European Covered Bonds' Rating Stability Will Strengthen

CORPORATES: Boozy bonds lead flood of euro debt sales --FT

CORPORATES: Poor investor demand meant Tuesday's corporate deals struggled to generate price traction --IFR

HY: Fitch: US HY ETF Trading Volume, Flows Could Create Disconnects

COMMODITIES AND ENERGY

CRUDE: WTI futures settle +1.3% at $44.59 per barrel

CRUDE: Brent futures settle +0.6% at $46.63 per barrel

CRUDE: House Plans Vote on Bill to Lift Ban on Oil Exports --WSJ

CRUDE: White House does not support House bill to lift ban on US crude exports --CNN

METALS: Gold falls as traders mull data to gauge Fed's next move --MW

METALS: Copper buoyed by China's import window --FT

ENERGY: Britain braced for long, snowy winter as strongest El Nino since 1950 expected --Tele

EQUITIES

S&P 500 provisionally closes +1.3% at 1,978

DJIA provisionally closes +1.4% at 16,601

Nasdaq provisionally closes +1.1% at 4,860

RETAIL: Challenger: Holiday retail hiring expected to be flat in 2015 --WSJ

BANKS: Basel Committee of Banking Supervision report finds global banks reach almost all 2019 capital standards --FT

BANKS: One US banker is ready to raise rates, regardless of Fed --BBG

FUNDS: Fund managers say psychological scars fuel investor jitters --FT

INDUSTRIALS: GE to move turbine jobs to Europe, China due to EXIM bank closure --Rtrs

INDUSTRIALS: Bezos' space startup Blue Origin lifting off in Florida --WSJ

INDUSTRIALS: Lockheed Martin eyes UK submarine hunter competition --Flight Global

SERVICES: UPS to hire up to 95000 workers for holiday season --Rtrs

C&E: Glencore slumps to record low, erasing gains since debt plan --BBG

Glencore launches $2.5bn share placement --FT

C&E: Schlumberger bid for Eurasia stake could face new conditions --RIA

TECH: Cisco router attacks duck cyber defenses, hit 4 countries --CNBC

TECH: ARM sees $200M investing boost to revenue by 2020 --MW

AUTOS: GM executives stick to Europe profit goal for 2016 --BI

AUTOS: BMW chief collapses on stage at motor show --FT

HEDGE FUNDS: Pershing Square Analysis Details Significant Similarities between Herbalife and FTC-Alleged Pyramid Scheme Vemma

BANKS: Delayed HBOS Probe Inches Towards Conclusion --Sky

BANKS: Portugal ends talks to sell Novo Banco as bids too low --Rtrs

MEDIA: CBS Entertainment Head Nina Tassler to Step Down --WSJ

EMERGING MARKETS

Kyle Bass warns of mounting bad debt in China --MW

China to clear up non-real-name stock accounts --Business News via BBG

 

BRAZIL: BCB's Tombini says downgrade reinforced need for adjustments --Rtrs