High: 1993.25 at 1PM CST
Low: 1976.00 late
Last: 1980.00 down 19 handles
Total volume: 1.85 mil ESH, and 5k SPH traded in the pit
MOC: Sell $1.7 bil
For tomorrow:
MBA Mortgage Applications, Wholesale Trade, EIA Petroleum Status Report, and a 10-Year Note Auction.
Has the 3-week rally come to an end?
Has crude oil topped out?
FANG was weak yesterday, and the Dow and S&P 500 were up – today, FANG is UP and the Dow and S&P are DOWN.
8 more trading days until the March Quad Witch.
Looking for the PitBulls Thursday/Friday low.
Here are the stats for next week:
Monday – UP 22 / DOWN 9 of the last 31 occassions
Tuesday – UP 15 / DOWN 16 of the last 31 occassions
Wednesday – UP 17 / DOWN 14 of the last 31 occassions
Thursday – UP 23 / DOWN 8 of the last 31 occassions
March Quad Witch Friday – UP 17 / DOWN 14 of the last 31 occassions
The Monday after the Quad Witch is UP 13 / DOWN 18 of the last 31 occassions.
The Feds 2-day meeting falls in the middle of all of this.