HIGH: 1877.25
LOW: 1843.50
LAST: 1849.25 (2:45 Cash Close)
TOTAL VOLUME: 2.4mil ESH, and 8k SPH traded in the pit
MOC: BUY $680mil.
FOR TOMORROW:
Jobless Claims, Janet Yellen speaks at 9am CT, EIA Natural Gas Report, 30-Year Bond Auction, FED Balance Sheet and Money Supply.
The world is falling apart, but it’s a wash with cheap crude oil and negative borrowing costs
As China comes back from the holiday, the Nikkei 225 has fallen 6.5% and is down 17.5% in 2016.
The YEN was messing with the ES all day – Yen up 130 pips – That’s Massive!
Yen has seen a safe haven. The carry trade flows over the last 2 weeks has the USD/JPY down for its 7th day in a row, and down to a 15 month low.
Lots of moving parts:
Despite the late sell off, the mutual funds have bought on the close since the last day of January.
Next 40 handles from 1862 – 1822 or 1902?
We could see the 1822’s tonight…