Next week has a total of 13 economic reports, 9 T-bill or T-bond Auctions or Announcement’s, 1 Federal Reserve Bank President speaking and a slew of earnings. Monday’s trade starts with no economic reports and a 3 and 6 month T-bill auction.
In the Opening Print we called for a higher than expected no-farm payroll number and a little counter trend Friday type price action,
The S&P 500 is on track to climb 3.5%, its biggest weekly rise since Jan of 2013.
Volumes started falling off yesterday and we below the recent average today
After selling on the last day of January the mutual fund bought out of the first 5 trading days of February
Year started off in correction mode and now it looks like its on auto-pilot going up and down like a Yo-yo
The S&P is closing down 0.45% , Oil climbed 3.1% in New York, up 7.9 % for the week and gold futures dropped to a three-week low.
High: 2067.50 mid-morning
Low: 2045.00 late
Last: 2046.00 last down 9.1 handle
Volume: 1.6 ESH and 2k SPH traded low for a job’s Friday
MOC: MiM showed BUY $365 mil actual was MOC buy $380 mil
—
MrTopStep Group
Questions: info@mrtopstep.com
Follow Us On Facebook and Twitter For More Intra-Day Market Updates!
https://www.facebook.com/mrtopstep
https://twitter.com/MrTopStep (@MrTopStep)
Dont Forget To Subscribe To Our YouTube Channel!
Sign Up Here: http://www.youtube.com/mrtopstepgroup
No responses yet