Tomorrow we have MBA Mortgage Applications, Redbook, 5 Yr-Note Auctions.
Friday’s -1.35bil for sale was the “tell”
Short weeks can be long for the markets – still another 3 trading days left in May for a little walk away.
Sell off was long over due.
More to come? I think so, but again not going to crash or explode higher.
High: 2119 early
Low: 2096.00 late day
Last: 2102.00 down 20.25 points
Volume: Better but still SMALL especially for a big sell off like we saw today…1.4 Mil ESM and 2.4k SPM traded in the pit.
MOC: MiM showed $760mil to sell actual was MOC sell $890mil
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