Tomorrow we have Jobless Claims, Retail Sales, Business Inventories, EIA Natural Gas Report, 30 Yr
Tips Announcement, U.S. 30-Year Auction, and earnings from
Euro group meeting ends with no deal. Did not present anything concrete.
Crude Oil fell 2% down to $49 bucks – I still dont think that story is over yet.
Bad news makes the S&P 500 sell off and gets everyone short and then the news comes out better and catches covering into the rally while the mutual funds just keeping buy everything in sight.
S&P needs a rest day…Then into the PitBull Thursday/Friday low the week before the January expo.
-Friday up 17 / down 14 of the last 31
-Monday not so good up 12 / down 6 of the last 18
-Tuesday up 21 / down 10 of the last 31
-Wednesday and Thursday are both up 16 / down 15 of the last 31
-Friday WEAK up 13 / down 18 of the last 31
See all of the expiration stats here…
High: 2069.00 Late
Low: 2053.00 Early
Last: 2063.00 UP .80 Handles
Volume: Low 1.25mil ESH and 3.2k SPH trade in the pit
MOC: MiM was showing $241 mil for sale; actual was MOC BUY $35 mil; that makes 8 straight days of buy imbalances.