HIGH: 1877.25
LOW: 1843.50
LAST: 1849.25 (2:45 Cash Close)
TOTAL VOLUME: 2.4mil ESH, and 8k SPH traded in the pit
MOC: BUY $680mil.

FOR TOMORROW:
Jobless Claims, Janet Yellen speaks @9am CT, EIA Natural Gas REport, 30yr Bond Auction, FED Balance Sheet & Money Supply.

The world is falling apart, but it’s a wash with cheap crude oil and negative borrowing costs

As China comes back from the holiday, the Nikkei has fallen 6.5% and is down 17.5% in 2016.

The YEN was messing with the ES all day – Yen up 130 pips – That’s Massive!

Yen has seen a safe haven. The carry trade flows over the last 2 weeks has the USD/JPY down for its 7th day in a row, and down to a 15 month low.

Lots of moving parts:

Despite the late sell off, the mutual funds have bought on the close since the last day of January.

Next 40 handles from 1862 – 1822 or 1902?

We could see the 1822’s tonight…


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