Next weeks economic calendar includes a total of 19 economic releases,4 Federal Reserve Bank Presidents or Fed governors speaking, 11 T-bill or T-bond Auctions or announcments, the start of the 4th quarter earnings and the January options expiration. Monday’s economic calendar starts out the week with no economic releases, Atlanta Federal Reserve Bank Dennis Lockhart speech on monetary policy in Atlanta, 3 Yr-note auction and Alcoa kicks off the 4Q earnings season this morning.
Its been a Roller Coaster of ups and downs; 4 days sell off equaled -83 handle sell off, 2 day rally up 70.6 handles and today sold off 25 handles on the news out of France.
I said the S&P could be down to was up so much it could be down 20 to 30 handles… at the low it was down 25.
Late rally up to 2047 but pulled back as the cash showed up for sale.
Did we get the PitBulls Friday low? Friday and Monday have not been good and crude is still failing to hold the rallies.
I want to send out my condolences to the poor people that lost their life in France. Its all fun and game playing the markets but the terrorist threat is real and the US markets will sell of hard if this hits the US. Not a very good close…
See you next week…
High 2060.50 early
Low 2031.50 mid morning
Last 2040.00 down 15 handles
Volume 1.8mil SPH and 4.5k SPH trade
MOC SELL $300mil
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