Next week’s economic calendar picks up a bit with 20 separate economic reports, the Feds 2 day meeting, 10 T-Bill or T-Bond Auctions or Announcements and the long awaited December Quadruple Witching.
Mondays economic report starts with the Empire State Mfg Survey, Industrial Production, Housing Starts, and Treasury International Capital.
Rough week for stocks, the S&P is down almost 85 handles, and Mutual fund redemption’s so far is -8.5bil in stock sold. This was the Worst week for the S&P since last Jan.
If you want to know where the ES is going you’ve got to follow crude. If you were watching it today, you saw crude oil sink, and the S&P followed right behind.
Bullish Dec Expo stats vs Feds possible statement word change. In additon, with all of this selling, we’re going to put the PitBulls Thursday/Friday Low to the test.
Only 8 Trading Days until Christmas, 13 Trading Days left in 2014.
High 2031.00
Low 1997.00
Last 1997.00 down 27
Volume 2.2mil minis; SPH 23k
MOC SELL $1.3bil