CME Bitcoin Futures Debut – BTC Ticker 12-18-17

CME Bitcoin Futures Debut - BTC

CME Bitcoin Futures Debut - BTC

CME Bitcoin Futures Set To Launch As Cryptocurrency Nears $20,000

CME Group (CME) Bitcoin futures kicked off at $20,650, briefly the $20,000 mark a week after Cboe Global Markets (CBOE) launched its own futures for the cryptocurrency. Bitcoin prices reversed on spot markets after testing $20,000 earlier.

CME’s Bitcoin futures, with the ticker BTC, fell back to $18,865. Cboe Bitcoin futures were at $18,800, near session lows but up sharply from Friday’s $18,105.

CME Group is a much bigger player in futures than Cboe, while its Bitcoin contract will be derived from prices on four exchanges. Cboe’s contract is tied to just one, Gemini. So CME’s Bitcoin contract could generate far more liquidity and be more apt to generate institutional interest.

It should also be easier to buy and short.

investors.com/cme-bitcoin-futures-launch

CME Bitcoin Futures Launch – Possible Economic Outcomes

CME Group’s Bitcoin futures become effective on Dec. 17 for trade on Dec. 18. The launch of CME Group’s Bitcoin futures market comes just a week after the CBOE launched their Bitcoin futures market on Dec. 11.

Futures contracts give investors exposure to the underlying asset (Bitcoin) without investors actually having to own any. Instead, investors buy contracts that track the underlying assets price and they speculate on whether the contract price will increase or decrease by the contract expiration date.

cointelegraph.com/cme-bitcoin-futures

CME Group Inc Chart 12-18-17

CME Group Inc Chart 12-18-17

Bitcoin Trading

Bitcoin debuts on the world’s largest futures exchange, and prices fall

CME, the world’s largest futures exchange, launched its own bitcoin futures contract Sunday under the ticker “BTC. “The futures fell 3.8 percent to $18,760 about four hours after opening at $20,650 and rising slightly.

The move lower was a stark contrast from the 19 percent surge in CBOE bitcoin futures during their first day of trading a week ago. The Cboe bitcoin futures, traded under the ticker “XBT,” rose 3 percent to $18,660 Sunday evening, ET.

https://www.cnbc.com/2017/12/17/worlds-largest-futures-exchange-set-to-launch-bitcoin-futures-sunday-night.html

UBS warns of bitcoin bubble as futures trading begins on CME – business live

https://www.theguardian.com/business/live/2017/dec/18/bitcoin-bubble-ubs-futures-trading-20000-cme-stock-markets-tax-business-live

Today's Trade of the Day | 12-18-17

ATVI - Activision 12-18-17

ATVI - Activision 12-18-17

Going against the market today. ATVI - Activision sets up a SATURATION PLAY today. If you're a member of the Order Flow Method, you know this play well, it's one of my favorite strategies.

We are game planning for a push higher off the open, then profit taking to begin. Using a limit order to sell short in the $67.75 area, using two entries to build the position. $68.25 would be the second piece of the short sale.

Looking for a reversal and a profit target of $64. This trade requires discipline since it is against the breakout, but the Saturation Play setup makes profit taking high probability. If you take the trade do not enter early, get your price. Stop loss on the full position on a close above $69.

SPY ETF Chart 60 minutes 12-18-17

SPY ETF Chart 60 minutes 12-18-17

HEADLINE NEWS

How Target is Facing Down the Retail Apocalypse
https://www.bloomberg.com//news/articles/2017-12-18/how-target-is-facing-down-the-retail-apocalypse

Dow, S&P 500 ready to power to new records on fresh tax-plan optimism
https://www.marketwatch.com/story/dow-sp-500-ready-to-power-to-new-records-on-fresh-tax-plan-optimism-2017-12-18

Strategists recommend buying on rumors of tax reform, because ‘people are going to sell on the news’
https://www.cnbc.com/2017/12/16/tax-reform-playbook-long-volatility-as-people-will-sell-on-the-news.html

Goldman Sachs: Now Is The Time To Get In On Teva’s Turnaround
https://www.benzinga.com/analyst-ratings/analyst-color/17/12/10921321/goldman-sachs-now-is-the-time-to-get-in-on-tevas-turnar

Here’s what 12 Wall Street pros are predicting for the stock market in 2018
http://www.businessinsider.com/stock-market-forecasts-year-end-targets-for-2018-2017-12

Stock Market Sector Performance

Stock Market Sector Performance 12-18-17

Stock Market Sector Performance 12-18-17

Stocks to Trade | Monday Edition 12-18-17

MOMENTUM

Bullish Momentum: ROKU, OSTK, CAH, ABC, MCK, NKTR, CAR, HCA, DVA

Bearish Momentum: nfx, eqt, chtr, sm

ORDER FLOW

Bullish Order Flow: RIOT, OSTK, ROKU, NKTR, CAR, DVA, KSS, ABC, ESRX, HCA, DLTR, DE, COST, UNP, BA, DG, HD, COF, CAT, G, JPM, UTX, HON, AMZN, MCD, V

Bearish Order Flow: momo, eix, aaoi, swks, eqt, nfx, ctrp, dish, chtr

Double Normal Volume: CSZ, BABA, JPM, DIS, AABA, V, JNJ, RIOT, IBM, ESRX, ADBE, TXN, CAH, UNP, COST, SCG, OSTK, CAT, MCD, BA, TSCO, AMGN

Inside Days: mu, c, twtr, gild, mo, kr, ms, jnj, tgt, bmy, hd, phm, jblu, nflx, gps, bbby, vlo, dhi, ntap, rost, hon, len, jwn

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