12/16 Morningline

The Consumer Price Index rose 0.4 percent, a fraction of the Producer Price Index's 1.8 percent rise announced on Tuesday. So, we can all refrain from a full-scale inflation panic for at least another month.
The Federal Open Market Committee will make their statement on rates and the economy at 2:15 p.m. Eastern (11:15 a.m. Pacific).

December options expire on Friday, which is a Quadruple Witching day,  sort of a speculators' Halloween. Be sure to lay on a supply of candy for any frazzled traders that come trick-or-treating at your door on Friday.

No new signals on the things I look at.

The indicators:

• Blue chips (SPY) opens the day at 111.8, entered bear mode at close on Dec. 14 (at 111.87), barely changed from yesterday
• Fear index (VIX), 21.5 , bear, Dec. 11 (21.59), falling
• Treasury long bonds (TLT), 91.93, bear, Dec. 1 (95.25), at the top of yesterday's trading range.
• Gold (GLD) 110.83, bear, Dec. 4 (113.75), rising
  
• Oil (USO), 36.08 , bear, Dec. 4 (38.33), rising
  

Currency pairs:

• Dollars per euro (EUR/USD) 1.45, bear, Dec. 4 (1.49), rising and within yesterday's trading range
  
• Yen per dollar (USD/JPY) 89.6, bear, Dec. 9 (87.86), at the top of yesterday's range.
  

Holdings, December expiry:

• UNG covered call (-c9), 10.22, bull, Dec. 7 (9.22), at the top of yesterday's range
  

Holdings, January expiry

• AET bull put spread (p31/-p32), 33.54, bull, Dec. 8 (30.47), slight gap up and rising
  
• HPQ bull put spread (p49/-p50), 50.9, bull, Dec. 9 (49.95), at the top of yesterday's range
  
• KO iron condor (p50/-p52.5/-c57.5/c60), 58.95, bull, Dec. 1 (58.08), within yesterday's range (and 1.20 above max profit at expiry)
  
• X bear call spread (-c40/c41), 48.95, bull, Dec. 9 (46.74), at the top of yesterday's range
  
• VALE bull put spread (p30/-p31), 29.04, bull, Dec. 14 (29.20), within yesterday's range

(Signals derived using Person's Proprietary Signal applied to daily charts.)