Mystery solved!

We now know who the real Santa is! 

Good morning folks, 
It looks like the Santa Clause rally is coming a little early this year. Notice the resemblance in the pictures above? Just add the beard and the hat >Yellen sparked off a rally yesterday with on word = "Patience". The weakness we experienced has almost been erased in two days. Its important to watch the volume. Play the rally for as long as it lasts however stay nimble and cautious.I still have concerns of where this market is headed in the next couple of months but the buy the dippers continue to be rewarded. A lot of the momo names that led us here had decent bounces yesterday BABA GPRO TSLA NFLX . This rally could run into the end of the year and give us some great opportunities. We have options expiration tomorrow which may give us some more wild action so keep that in mind. 

Gap up days are my most challenging days, I don't want to chase anything so I will be waiting and watching for my kind of setups.  

Stocks on the radar
AKS raised earnings expectations, RAD boosts guidance thick stock more of a swing, ORCL beat earnings, TTPH topline results gapper has already had a an amazing run wait for a setup, RUSL possible continuation, TASR testing 52 week highs, BBRY 10 dolla holla and fast money pump, LOCO bounce play, ACHN great daily looks like it wants 15, OPK possible continuation, RIG SDRL NADL HERO all snapback plays, TPLM looking for a 5 dolla roll with conviction, GRPN nice daily active premarket,  

Small oils on radar if oil continues to stabilize 
JNUG JDST USO UUP TVIX TZA IWM SPY NDAQ for market sentiment 

CNBC in the news 

IN THE NEWS TODAY

The Fed may have helped prime Wall Street for a Santa rally. U.S. stock futures were sharply higher this morning, after the Dow rocketed 288 pointsWednesday. (CNBC) While sending signals of a rate hike in 2015, the Fed also reiterated that such a move would be dependent on the economy. The central bank kept the phrase "considerable time" in its policy statement, but introduced "patient."(CNBC) Oil prices were higher in early trading—building on Wednesday's gains, whichpushed energy stocks 4 percent higher, supported by the Fed's upbeat assessment of the economy. (Reuters) Russian President Vladimir Putin blamed "external factors" for the country's economic and currency crisis at his annual year-end news conference on Thursday. He predicted a return to economic growth by 2017. (CNBC) With the U.S. and Cuba re-establishing diplomatic relations and economic ties, shares of cruise lines Carnival (CCL) and Royal Caribbean (RCL), and Florida-based builders MasTec (MTZ) and Lennar (LEN), got boost. (CNBC) Shares in BYD, a Chinese car company backed by Warren Buffett'sBerkshire Hathaway, plunged without explanation by as much as 47 percent today, losing more than $1 billion in market value for the day. Amazon (AMZN) today announced Prime Now, offering one-hour delivery on tens of thousands products. The new service is powered by Amazon's growing network of fulfilment centers. (Business Wire) Google (GOOG) today will try to persuade a U.S. judge to dismiss an antitrust lawsuit over its Android smartphone operating system, as the search giant faces increased regulatory pressure in Europe. (Reuters) Oracle (ORCL) issued earnings and revenue that topped Wall Street projections—as sales at its closely-watched cloud services business rose 45 percent in the first quarter with Safra Catz and Mark Hurd as co-CEOs. (Reuters) Responding to driver-screening concerns, ride-hailing service Uber wrote in a blog post that the company will "build new safety programs and intensify others" next year. (AP)

	BY THE NUMBERS

The government issues at 8:30 a.m. ET its weekly jobless claims report, with economists expecting initial filings of 295,000 last week—basically the same amount as the prior week. There are two reports set for release at 10 a.m. ET: the Philadelphia Fed survey on regional economic activity for December and the leading indicators November index. The big earnings report today comes after the bell from Nike (NKE). Analysts say the company's spending on expansion and innovation could overshadow strong earnings.

	STOCKS TO WATCH

Chevron (CVX) is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called “economic uncertainty” as oil prices fall. Mobile casings maker Jabil Circuit (JBL) expects current-quarter revenue to come in above Wall Street estimates, boosted by impressive sales of theApple (AAPL) iPhone 6 and iPhone 6 Plus. Tetraphase Pharmaceuticals (TTPH) said its antibiotic to treat complicated intra-abdominal infections was as effective as Merck’s (MRK) ertapenem in a late-stage study. Activist investor Carl Icahn disclosed that he's has purchased 2.63 million more shares of rental car company Hertz (HTZ), upping his stake from 10.77 percent to 11.34 percent. Alimentation Couche-Tard has agreed to buy The Pantry (PTRY) in a deal with a total enterprise value of approximately $1.7 billion including debt. Seeking Alpha Today's Markets: In Asia, Japan +2.3% to 17210. Hong Kong +1.1% to 22832. China -0.1% to 3058. India +1.6% to 27127. In Europe, at midday, London +0.9%. Paris +2.5%. Frankfurt +2%. Futures at 6:20: Dow +1.2%. S&P +1.2%. Nasdaq +1.4%. Crude +3.2% to $58.30. Gold +1.2% to $1209.20. Ten-year Treasury Yield +2 bps to 2.17% Today's economic calendar: 8:30 Initial Jobless Claims 9:45 Bloomberg Consumer Comfort Index 9:45 PMI Services Index Flash 10:00 Philly Fed Business Outlook 10:00 Leading Indicators 10:30 EIA Natural Gas Inventory 4:30 PM Money Supply 4:30 PM Fed Balance Sheet Notable earnings before today's open: ACN, ATU, BRLI, CAG, NEOG, RAD, SAFM, SCHL, WGO, WOR Notable earnings after today's close: AIR, CTAS, NKE, PIR, RHT Best of Success!