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s&p trading in at 86 rsi. that scares me. >> i don't think you buy stocks here. i think you buy protection here. i think the fundamental things going on in the economy, which is great. i think so much of this rally is predicated on some pretty significant moves from the trump administration that i think will be tilt to achieve. >> i hear that. but does that explain the world? many of the major world markets have done better than we have done. you can make the case for the united states but how does that explain brazil and germany? >> some commodities which have accelerated in the trump administration. some of it was catch up. the u.s. market was the place to be. a lot of it was catch-up. >> yeah. absolutely. you have a tremendous run of u.s. stocks and it has been predicated with the election. the european pmi's numbers today, fantastic. but you've already had this run. that's what markets do. they anticipate. if you're saying buy all time stocks. either you're buying pro tweks the vix where it is. or you're starting to peel off as a trader and say i'll get back

meanwhile you have a positive divergence in rsi.the way down september, october, november, the selling had been slowing down the whole time. now you have an rsi 65. bulls are coming into this thing on the way up. >> yes! >> exactly what i want to say. >> jimmy, give me ten seconds. >> he wants ten seconds, mylan. >> i'm not going to fight the tape. i never fight the tape. >> that a boy. >>> we'll take a quick break and come back to do some final trades. the guys will make their way back to the desk. whkingballos $ atuecata what'sm w?(cs) att wort talk tom? what's'sno wlth,buthint t tter t t >>> we are back. we want to remind you once again tomorrow, 12:00 pm eastern, cnbc exclusive interview with kevin plank, ceo of under armour. plenty to talk about. can't wait to catch up with kevin plank tomorrow at the new york stock exchange. >>> markets close in three hours. time for final trades. jimmy, you start us off. >> first of all, thank you to the krafts, right, my other team. >> i need a dog in the hunt. another level i want to go for

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rsi go on your bloomberg, you get that.ff with a look at the big movers in hong kong and changes in the composition. march, what we have here, this one replacing this for the first time in 12 years. in hkt afterhere pccw selling a chunk of its holdings at an 8% discount to last friday's close. said, a few down spots across markets, but everything bulls tothing for the put their caps on today. and booteds, suited as well no doubt. thank you for that. david ingles there. let's get to sophie kamaruddin with first word news headlines. sophie: the uae upbeat on progress reducing outputs. they said opec implemented 90% of cuts in january, the best compliance rate in history. the emirates energy ministers said he would like to see the cuts continue in the coming months, especially non-opec members. he says more time is needed to see oil inventories decrease and for the price rises. a bloomberg survey has found area's lawns and currencies the least favored among emerging markets this year. the poll of 16 investors and analysts foun

tell me why anyone in their sane mind should be putting money into a market with rsi about 70. 70.bovearontier or better picture/ from a microeconomic perspective deficitpected budget around 10%. , oil prices at $53. this is getting a boost for the country. in addition, the bank has been very conservative. ,hey have been pushing banks which has been affecting the profitability of the banks. many investors have not looked at kuwait. the sudden surge in volumes is a big question. expectation ofhe frontier markets. we are expecting kuwait to search. what isto cross over to the engine of this part of the world, saudi arabia, the biggest stock market. this ea function is amazing. out of out of 168 companies tht have reported. you will notice the many shades of red. the earnings site has been on the downside in the fourth quarter. what is your take on how the quarter has passed? ali: the results of the saudis were a bit lower than expectations overall. you have seen a huge rally in withast quarter with 70 -- saudis. on an expensive side at this point in time. -- expensive scientists point in

tell me why anyone in their same puttingould be money to work in a market where half the stock has an rsit: the macroeconomics growing compared to emerging markets. from a microeconomic perspective -- a budget deficit there is a deficit this year of 10%. , it has the lowest breakeven oil prices from a budget perspective at $53. this has been giving a boost for the country. for the past four years, the central bank has been very conservative with the banks. they have been pushing banks to provisions, which has been and many the banks, investors have not flipped that going. but the sudden surge in volumes is a big question, which i think, first of all, the in the frontier market index, we are expecting it to search. yousef: speaking of in the fronr market msci, let's cross over to the engine of this part of the world, the kingdom of saudi arabia. this ea function is amazing, earnings analysis. 166 out of 168 companies that have reported. you notice the many shades of red. for the most part, earnings have been to the downside in the fourth quarter. what is your take on the numbers and how th

here you will see the rsi. the relative strength index.u go below or above the red this is overbought territory. we are the most overbought for march 2012. since check out the price. the highest since july 2015. now checking in on facebook earnings, david wainer telling us that ad revenue growth rate will come down. this is bloomberg. ♪ [ alarm clock beeping ] weather. ♪ [ laughter ] cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday awesome with the power of xfinity x1... hi grandma! and the fastest internet. [ girl screaming ] [ laughter ] >> let's start with a check of your purse word news. president trump arrived at the air force base to meet the remains of the chief petty officer. he died sunday during a special forces raid in yemen. he was killed in the first counterterrorism operation of administration praised british lawmakers have backed a bill authorizing the start of the eu exit process. agreed to respect voters june 23 decision to leave the bloc. billk wants to have the approved so it

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here you will see the rsi. the relative strength index.you go below or above the red this is overbought territory. we are the most overbought for apple shares since march 2012. check out the price. the highest since july 2015. now checking in on facebook earnings, david wainer telling analysts that they continue to expect that ad revenue growth rate will come down. this is bloomberg. ♪ >> it is 1:30 p.m. here in hong kong. i am shery ahn with an update of the top stories. corporate america is said to be taking on president trump's mcgirt order. -- immigrant order. amazon, google and facebook are circulating an open letter expressing their concern. consumer goods companies may also add their names are fearful they aim to publish the letter this week. witnessed the swearing-in of former exxon ceo rex tillerson as secretary of state. voted mostly along party lines. tillerson's business background gives in the connections and skills needed to promote the u.s. interests abroad they say. out ofso take the u.k. the european union has passed its f

. >> this thing has a 90.4 rsi. the highest one its had in its history.s treated, people now accept that they won't get model had deliveries anywhere in 2018. if you believe and it is not in stock price. knock yourself out. >> anywhere 18? >> some. but not 500,000. >> change the name to teflon. >> it doesn't matter. >> take it off. i'm not a buyer. i think you sell here. >> and you're buyers. >> buyers. >> split desk. i'm agnostic. >> you're starting to see a recovery here. if you want to buy, i think this trend continues to get back. >> david seaburg? >> i am buying the ibbs. i think you will see a relative value catch up from the trump election. the ibb buyer. >> that's really cute. >> is that tinder? >> no. >> find trade. >> it is above that level. 5 53.77. it took few days. >> all right. see you back here tomorrow at 5:00 on valentine's day. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. ♪ >>> hey, i'm

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for example, apple we saw up to 89 rsi today. we see some of these stocks like apple and microsoft about 20% above their annual which is the expo ten chal moving average. from my perspective the initial decline we can expect here in the spring is six to eight or maybe 10% and this is going to be the key battle zone between 2150 and 2,200. once we bounce from there and have a tradeable long. whether all these tax cuts and infrastructure spending actually pan out in terms of earnings gross story to come. >> it's dan. as i look at the s&p 500 that chart, you know, over the last two years since the start of 2015, most of those consolidations that we've had some of them have not been too different than the one we've been in now for the last two months and every single one of them has broke eninto the downside. the s&p just broke out of that range today, could it be difference this time? could we have a 5, 10% rally to the upside in a real come play sent market that sentiment is really high but maybe it is different this time? >> well,

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over the weekend rsi report that said 520 million barrels of commercial storage, the highest since the we are still overproducing oil. i don't believe this recovery is built to last. i don't think we have seen the industry repair. just because a few companies i bust,e region's went they have been brought up by the larger companies and will get brought back into production soon. i don't think we have seen the supply side response that you need and the demand warm up be like it was in china. manus: would you need to see something much more demonstrable from opec and non-opec to be convinced that supply is tempered? >> if opec still has the capacity. there is a big ipo coming from saudi arabia, which will want to support higher oil prices in the medium-term. during the longer trajectory, with shale and horizontal drilling, we saw through the crisis, just how quickly they can bring prices down, the cost of production down. we all thought $80 was the breaking. then it was $50, and that it was $35. was withuise kernohan me from aberdeen. she liked the oil majors. you are more skeptical. spat

best performance since 2013, the lower half is the rsi telling us that global stocks are overbought, today. 10 year yield telling us relation trades are back in both following off from the janet yellen's comment, the yield on the 10 year rising for a fifth day, the worst run into months. a rate hike in march, risen post yellen by -- futures traders see less than 50% on's -- 43 right height this year, donald trump about to pursue progrowth policies that push the fed to pick up the pace of rate hikes, some think. heineken a big mover, shares up as much as 4.6%, biggest thing since august of 2015 after the world second-biggest brewer forecast growth in sales and earnings this year. customers in vietnam and other asian markets drinking more tiger beer, 2016 earnings also beat estimates driven by 13% increase in asian revenue, growth in markets like cambodia and indonesia help offset slowing shipments in europe, america's, and vietnam. , aher middle-class income boosting consumption, shares of heineken up by 4.6% today. francine: thank you. let's talk about greece and the eu commissioner,

that rsi is below 70, so perhaps, this rally still has further to go. not look like we are moving at on the gilt yield, or perhaps we are down two basis points, 1.13%, finally moving. anna. you read opening moves off of friday's market. let us have a quick look at some of the movers in today's session. by .1%.down rbs outpacing those losses, 1.8% lower. pulling back, 1.3% as i speak. iag, up by from 2.6%. pearson out with numbers. that stock is up by 1.9%. basf down by 1.7%. we will speak to them later on. the royal bank of scotland has a plan to cut costs by 2 billion pounds as it posted its ninth straight annual loss. .ere is richard partington also with us, patrick armstrong, at a company. when will rbs report a profit again? comments on the interview manus cranny gave earlier on. that by 2018, rbs should return to statutory profit, something they have not been able to do since the crisis . they have posted about 50 billion pounds in cumulative losses since that time, so this has been a real difficult, painful turnaround for the u.k. government, whic

over..day rsi is msci, all within one person of a within 1% of its all-time high.k of america merrill lynch saying, you do not want to underestimate the dutch elections and the feds for cody to tightening -- said's proclivity for tightening. fed's proclivity for tightening. the ceo joins us and he talked about global diversification and getting through. they all say that in the front. let us see what they say when the results passed through on march 15. guy. guy: manus. thank you very much indeed. in terms of the rotation we are seeing this morning, miners generally on offer today, so they had been welded over the last few sessions. you have some of the other names softening up a bit. what is interesting is that if we move to the other side of the are tradinge higher. copper is actually reasonably bid today.y -- well maybe some diversity disparity within these moves. anglo american trading down by 2.09%. matt. matt: yeah, we are just getting news about a story you brought up in the morning. toshiba is going to hold a news conference at 6:30 p.m. today. i am assumin

you're at a 26 rsi right now. oversold is 30. really at an extreme from which you saw an oversold bounce. but not the end of a sell-off. i want to see a positive divergence on the way down. i love how usaa gives me the peace of mind and the security just like the marines did. at one point, i did change to a different company with car insurance, and i was not happy with the customer service. we have switched back over and we feel like we're back home now. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children, and that they can be protected. we're the williams family, and we're usaa members for life. call usaa today to talk about your insurance needs. ♪ king arthur: ready! washington: charge! empress wu: charge! (in chinese) king arthur: charge! ♪ let your reign begin. evony, the mobile game. download now. >>> all right. markets closed, three hours. final trade time. alaska. >> i like the airlines. they've been beaten up too much on what trump

when you look at things like rsi, you see confirmation.ee new buyers coming in at bigger levels with more money, frankly. i like it. >> see you on other side back here. have a good weekend. >> you, too. thank you. >>> shares of twitter, handful of firms are downgrading the stock. dear predictable, there's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced, our senses awake, our hearts racing as one. i know this is sudden, but they say: if you love something... set it free. see you around, giulia ♪ >>> all right. time for the blitz. twitter, seven downgrades. six to sells, josh. >> the last couple of times the stock has disappointed on earnings and settled out in the 14s. maybe that's where we're going. as i said yesterday there's no reason to think that, you know, we've seen the worst this company has to offer. it's a giant pizza bomb. and there are so many better out there. >> it pulls the rug out from under itself and me. they announced that the margins are coming down in

rsi is through the roof, probably. it will blow off and pullback makes sense. you've got to go back to july 2013. but we had a great finish to the year. it doesn't mean if this shorter-term rally ends that it's somehow deconstructed for the whole market. by the way, the last nine-day rally straight is back in '04 and the bull market continued on for another two-and-a-half years. let's not get overly concerned how many days straight it's up or when there will be a pause or pullback. other things are happening, scott, internationally that provide an underpinning for this rally. emerging markets look phenomenal. look at one-month t bills. cash now yields. .53 on a 30-day treasury. scott, that is a nine-year high. so there are a lot of other things happening beyond just how many days is the s&p up. >> the global economy, obviously, what josh is referencing right now, when you look at that, and you look at the earnings that we actually -- concrete numbers that we have been able to actually look at and the consolidation of certain areas that all of a sudden get reacc

do you bother, are you bothered by rsi?is the msci all world index, which hit a high the first time in 18 months. we are technically in an overbought situation. sincew has put on 19% trump was elected. corporate profits rise by 6%. european markets are moving. this is something to consider in terms of the interest rate market. guy, 10 year yields in the united states of america are negative nine for the first time 2013, in contrast to what you're seeing in japan. the question for the markets is this. are we heading peak inflation for now? protagonist, petroleum is the protagonist. i'm off to a global radio to carry on the debate with caroline. join me on digital radio. in the meantime, guy. guy: that is get to some of the stocks on the move we highlighted before the cash got going that we saw a number of big equities in the market this morning. a weighted story here. in terms of what is dragging on the stoxx 600, it is london stocks. royal dutch shell has gone xd, bp has gone xd. schneider is down on his numbers. you are se

the reason i bring that up is when you look at the 14 day rsi, there is a little too much momentum. stocks have been bid up, just about every single stock in this index is now above its 50 day moving average. to some, it might be a bullish call. the amount of time we got from zero is astonishing as well. some people may look at this and too-- it may have gotten ahead of itself. there are changes within the composition of the hsi. postal savings from china are getting added to the a shares. guys? >> all right, david, thank you so much. as he mentioned, the economic week kicking off just as we saw with japan reporting a fourth-quarter gdp. markets are waiting to hear what janet yellen have to say to congress this weekend. also about rolling back dodd-frank. we heard from stanley fischer over the weekend. we have an update on stronger growth. what do these gdp numbers tell you? >> if i am the governor, i can still say that confidence moved forward -- see that confidence has moved forward. into the bloomberg chart. gdp.n look at japan what we had here was peace in exports, capital spend

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these two are still gaining the most in asia, so have a look at my bloomberg. 5790, the rsi now at thed on the dollar. ,he last time that happened that is all to them or fall 2016 -- autumn or fall 2016, so that is a reversal. .ame chart, but dollar-won rs i is below 32, so more gains and expect that to drop below that 30 handle, which a lot of people look at as an indication of oversold, at least as far as the base currency is concerned. rishaad: thank you for that. now, year on from the boj introduction of negative interest rates, japan's biggest banks have managed to beat estimates for third-quarter earnings. we are joined now from tokyo to what do these tell us about how these lenders are coping with this? >> if you look at the progress they are making, full-year withts, pretty well negative interest rates. all three are ahead of this point. mitsubishi ufj leading with 93% progress. the targets are conservative, down 5% on average from their own results last year, but if you compare that to actual results last year, they are well ahead at this stage. so what has gone well? items. m

back in november, you had a ton of companies trading above 70 on their 14 day rsi.ed. nothing is oversold this point there are fewer companies that overbought. that is not technical jargon. that is momentum, it's basically math. it speaks to the same idea. alix: if it unravels, where you go? where is a safe haven enough -- in equities? >> i will say what's been interesting to me is we watched the percent of analysts on the street that are taking numbers up for different sectors. its basic is a rate of upward. tech used to be the leader. now we see financials and energy are the new leaders. there is a lot more enthusiasm. are they safe havens? no. they are a lot more positive than negative. jonathan: let's look at where valuations are for next year's earnings. 500 is about 16 times earnings. where is the room for error? >> we have different numbers. we are trading about 18 times on the s&p. even if you say policy gets pushed out, we need to see something come through that justifies higher movement in the market and we have right now. we are priced for perfection. jon

you are look at the rsi, the vol s&p.ratio on the talk about that.llish, just like 2013. there are two indicators we are paying attention to. one is our volume intensity volume, which is selling volume and buying volume, to put it in plain english. buying volume is still somewhat stronger than selling volume. it is well off the peak, meaning this is a later stage type of rally, but if that selling line goes beyond the buying line on our indicator, that would suggest you're getting distribution and the market. , thether indicator advanced supply line. we will have an advanced decline line of that. basically, that peaked in december. there is a six-week divergence there. meaning that selling may be coming into the market quietly. i mean, this is a big money indicator. fore is somebody selling that to happen. since it's the most heavily traded stocks, it is big money. alix: the next question is, what is going to leave the market. what are you looking at the nasdaq in terms of technical levels. we love the nasdaq. we love the nasdaq composite. both of th

always a fan of the rsi. scarlet: i was going to say, how many technical indicators do you like?tisers are focusing more on the beer and less on the babes and bikinis.we will tell you how the third largest beer market is trying to whet the appetite of women. this is bloomberg. ♪ oliver: this is "bloomberg markets." i am oliver renick with scarlet fu. scarlet: while budweiser super bowl ads took on a political tone, beer companies in brazil are privi -- pivoting to reflect cultural taste. brazil's top for beer producers are toning down their ads and hoping to tap into a gender-friendly wave. i sat down with fabiola mora in today's walk the talk to explain why this is significant. >> in brazil, we are known for having a sexist culture. , in au to have an idea poll last september, more than 40% of men said they think women somehow contribute to when they are raped, which is very basic. the fact that at least beer producers are getting more conscious about objectifying women does seem to be a positive sign in a culture that is still tainted by that much she's no. -- machismo. is the

rsi is about 70.tie, again, when you turn off these signals and let the spirits run, that's a question on everyone's mind right now. katie: i've essentially done with the indicators that i track. from acknowledging overbought conditions to giving more weight to the momentum indicators. that's what makes you have a good call or bad call in the market, how much weight you are giving to various factors. right now i think it is this moment we need to give more weight to until it tells us otherwise. carol: momentum, not necessarily a bad thing. there is focus on the treasury market. janet yellen is on capitol hill. such a telling chart. i call itkatie: backing and filling in a tight range. a fairly well-defined short move within the range. short-term bias is higher for treasury yields. resistance is around 265. above that, you start thinking about 65%. it's just not a near-term reality. mike: is there a danger to the stock market at a certain bond yield? targeted as a danger zone. do you have a signal wher

the rsi is the relative strength index, a momentum indicator, had been above 70 him up but we are seeingies of lower highs. we had a reconnection to the 200 day moving average. this chart may suggest that we could see more of a correction for the airline index. that could weigh on the overall markets, but this is an important chart to keep an eye on. vonnie: that is for sure. david: the chairman and ceo of general electric is weighing in on the donald trump presidency so far. interview, he says trump's goal of creating more jobs and the united states is a noble one, but the president's rhetoric could be problematic. jeff: what is up to us is to navigate the system as it exists today, but at the same time, communicating to the people who voted for brexit or president trump to say, if we want to create more jobs, we should not alienate everybody around the world. david: he says some policy changes could make a difference. he says deregulation and corporate tax reform. jeff: let me start with taxes first. you basically have an economy an and in investment recession. companies go back on cap