It’s been a slow day the last Friday before school starts. Alot of traders have taken the day off making for a slow day. The Jobs datad came in and was mixed. Payrolls were up a bit but new jobs increases were tepid.
However, the SPU opening range of 1699.30-1698 was a launching point to finish at 1705.00 on the cash close; a new high. The rally contiues. The State department issued an international terrorism alert and closed down embassies in the Middle East and Asia….not affecting the markets
A Goldman analyst predicted another 4% to the upside in the S&P and bumped the market solidlly above the critical 1700 level.
Opening range 1698.30-1698.00
Volume ESU/1.1million SPU/1.5k
MOC 850 million to buy
I’ll be on vacation next week. Have a great weekend and see you in a couple of weeks!