What a day its been! The S&P 500 got hit by all this stuff early on this morning before the market opened and really. started to pour lower. As the algo’s helped drive the market lower, they came right back and helped push them higher. The other part is, in Dec., there’s going to be a lot of mark up in stocks, and that’s also helping to drive the market higher.
Next week could be explosive! We can expect more volatility next week, with the expectations of the 2 day FED meeting, and like I’ve been saying, DONT DISCOUNT THE DECEMBER QUAD WITCH! The volatility we’ve seen the last 2 days, could re-occur going into the end of the week, and early next week.
High 2059.50 recently
Low 2033.70 early
Last 2059.50 up .10 cent or unchanged
Volume: WAS BIG 1.8 ?mil ESZ trade with 350,000 from Globex and 5.5 k SPZ trade
MOC MiM showed to Sell small ACTUAL was MOC SELL $250million
FOR TOMORROW:
MBA Purchase Applications, Quarterly Services Survey, EIA Petroleum Status Report, 10 Yr-Note Auction, Treasury Budget.
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S&P Smash And Grab
Published 12/10/2014, 01:04 AM
Updated 05/14/2017, 06:45 AM
S&P Smash And Grab
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