S&P Up Rebalance; Rats Jump Ship

Published 04/01/2015, 01:45 AM
Updated 05/14/2017, 06:45 AM

Tomorrow we have John Williams and Dennis Lockhart from the Fed speaking, Motor Vehicle Sales, ADP Employment Cost, Gallup US Job Creation Index, PMI Manufacturing Index, ISM Mfg Index, Construction Spending, and EIA Petroleum Status Report.

As @Chistock said, a push below 2060 could bring us back to the year lows at 1980 or a push above 2080 will lead to new highs.

The rebalance has the rats jumping ship, but look for them to reboard going into the new quarter.

High: 2076.00 Mid-Day
Low: 2059.00 Recently
Last: 2063.60 Down 12 Handles
Volume: 1.35mil ESM and 1.8k SPM trade in the pit.
MOC: MiM showed Sell -1.45bil and the actual was sell $-2.2bil.

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