When asked, Yellen gives a demonstration of how she has the market by the balls: http://www.cnbc.com/2016/01/20/traders-pricing-in-only-one-fed-rate-hike-in-2016.html
It is a bit coincidental that "FV" reached and the position was stopped out at the "pivot". I have to say I am a bit surprised by this move off the lows.
FWIW, the "fast" model also reversed at 1865 as noted here https://twitter.com/algorithmictra1 That the prices of the exit above and the "fast" model price are very close together is coincidence. That model is MUCH faster than the one used to post trades by hand here and basically kicks my ass regularly. Me posting trades here competing with that model is like me playing Komodo chess engine.
The "roll" on CL can be algorithmically computed: "Trading in the current delivery month shall cease on the third business day prior to the twenty-fifth calendar day of the month preceding the delivery month. If the twenty-fifth calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the twenty-fifth calendar day. In the event that the official Exchange holiday schedule changes subsequent to the listing of a Crude Oil futures, the originally listed expiration date shall remain in effect. In the event that the originally listed expiration day is declared a holiday, expiration will move to the business day immediately prior." https://futures.io/wiki/trading-wiki/CME To verify code gets it right: http://www.cmegroup.com/tools-information/calendars/expiration-calendar/
Nikkei down 4000 points since early December.... How many trillions in equity losses are the world markets in for now....$3-$4 trillion?? Market futures weak yet again since asia started trading....only hope the US markets have for tomorrow is for Europe to open up on a very high note...
Hahah pricing in 1 fed rate hike....there were supposed to be 4....rates will stay at 0% for the next 5-10 years....the only rate change going forward is back to 0% and eventually negative interest rates. Just shows you how worthless this economy is and that even a 1% interest rate can't even be tolerated.... The fed has zero clue what they are doing and I have said this since bubble ben bernanke cut rates to zero % and introduced QE 1 QE 2 and QE 3. They will never have a clue.....
Would not be surprised if part of the selloff is sovereign wealth funds raising cash to meet social obligations. I would add Norway to article and possibly Canada: When Russia's money runs out, the 'real trouble starts' http://www.cnbc.com/2016/01/21/when-russias-money-runs-out-the-real-trouble-starts.html