[sublimevideo settings=”youtube-id:L8YUmcgu9eo; autoresize:fit;” width=”600″ height=”338″ autoplay]
Welcome to the July expiration week and the volume-less stock market.
After Friday weak close the S&P opened down 6 handles, rallied off the open , sold off and rallied again late in the day. APPL was up $14 and the MIM (MrTopStep Closing Imbalance was showing 70% to the buyside and 200mil to buy.
SPU high 1688.20 early
SPU low 1697.20 midday
SPU last 1686.20 UNCHANGED on the day
Volume: 1.25mil ESU and 3.5k SPUs traded
MOC :BUY 150mil
Tomorrow: NFIB small business optimism index, Retail sales, Import export prices, Redbook and Business inventories