A Modern Way to Collect Payments

A gap up to begin the new year may very well give bulls a chance to salvage the traditional "Santa Rally" period, which spills over into tomorrow's session as well. 

Seasonal trends aside, a notable winner out of the gate this morning is PayPal, higher after receiving an upgrade earlier. 

PYPL is a name we have previously looked at for Members, mostly on the weekly timeframe. That weekly chart is updated, below, and shows a name which has been marking time sideways throughout 2016. The name could easily be ripe to explode higher into 2017 as a variety of firms related to new age payment systems and processes seek to dominate. 

Note how much energy is building on the chart below for a directional move, with bulls looking for a push over $41.30 at least to set it in motion. 

Elsewhere, we have some new year resets taking shape, with crude oil pushing higher and natural gas getting pounded again, rendering it essentially un-tradeable.