HIGH: 1869.25
LOW: 1804.25
LAST: 1859.00 DOWN 14 Handles
TOTAL VOLUME: 3.8mil ESH, and 11k SPH traded in the pit.
MOC: BUY $270-350million
FOR TOMORROW:
Jobless Claims, Philadelphia Fed Business Outlook survey, EIA Natural Gas Report, EIA Petroleum Status Report, 6 T- Bill/T-Bond Auctions and Announcements, Fed Balance Sheet and Money Supply…Whoosh!
The Dow Jones 30, NASDAQ Composite, and S&P 500 are all down 3.5%…I went out in the forum and Twitter (N:TWTR) and asked traders what they thought the next 50 handles would be. I said UP and the futures rallied!!!
Lets talk Fed rate hikes!! We’re down to 1 this year…Where is QEX?
This is some extremely wild trading, but I think Crude Oil is close to catapulting.