US debt ceiling voting on Jan 18th: DMND, JPM, TZA, TVIX

3 year comparison of US federal budget

The technical level to watch on Dow is  12479 followed by next resistance of 12569 on the upside, while for downside Dow has resistance at 12385. Today the market wasn't able to hold above 12479 as well as below 12385 level. Same way for S&P500, key resistance is 1285 for downside and 1295 and 1305 resistance on the upside. The economic data doesn't matter anymore.  Inspite of increase in jobless claim by 24k to 399k. Even the retail sales were disappointing with 0.1% from previous month 0.4% . Core retail sales excluding automobile was down -0.2% as compared to 0.3% previous month. Federal budget balance was -86 B which is difference of federal government income and expenditure for the Dec. This shows federal government is spending more then its has money. If you look at the chart, Federal government is spending more money then it can afford since last 3 year. Obama government is a failure and doesn't know how to spend money.

This reality doesn't matter to greedy wall street any more at this time. US is heading in same direction of Greece. It nows at 5 position. US debt to GDP ratio is more then 100%. Obama administration has asked to raise it debt ceiling by 1.2 trillion to 16.4. There will be voting on Jan 18th, to whether raise the debt ceiling increase.

Economic data coming out tomorrow are http://www.freefdawatchlist.com/p/economic-calendar.html

International Trade (8:30 AM ET) expected is -44.6B (Higher is bullish, while lower is bearish)
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

Import and Export Prices (8:30 AM ET) -0.1% is expected positive or 0 is bullish sign while negative is bearish sign

Consumer Sentiment (9:55 AM EST) 69.9 is expected higher is bullish while lower is negative sign.


Just avoid trading, unless your day trader and don't leave your stock overnight. Sell if you make 3% or higher profit.


JPM earning of 0.92 is expected, while previous year it was 1.10. This stock is overbought and likely to fall.