HIGH: 1993.25 @ 1PM CST
LOW: 1976.00 Late
LAST: 1980.00 Down 19 Handles
TOTAL VOLUME: 1.85 mil ESH, and 5k SPH traded in the pit.
MOC: SELL $1.7bil
FOR TOMORROW:
MBA Mortgage Applications, Wholesale Trade, EIA Petroleum Status Report, and a 10yr Note Auction.
Has the 3 week rally come to an end?
Has Crude Oil topped out.
FANG was weak yesterday, and the DOW and S&P were up – Today, FANG is UP and the DOW and S&P are DOWN.
8 more trading days until the March Quad Witch.
Looking for the PitBulls Thursday/Friday low.
Here are the stats for next week:
Monday – UP 22 / DOWN 9 of the last 31 occassions
Tuesday – UP 15 / DOWN 16 of the last 31 occassions
Wednesday – UP 17 / DOWN 14 of the last 31 occassions
Thursday – UP 23 / DOWN 8 of the last 31 occassions
March Quad Witch Friday – UP 17 / DOWN 14 of the last 31 occassions
The Monday after the Quad Witch is UP 13 / DOWN 18 of the last 31 occassions.
The Feds 2 day meeting falls in the middle of all of this.
—
MrTopStep Group
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