The S&P 500 Futures and Mutual Fund Monday

Commentary, Market Recap, News, Technical Analysis, The Closing Print, Video

HIGH: 2182.50
LOW: 2169.25
LAST: 2178.50 UP 10 HANDLES
TOTAL VOLUME: 1.1 million minis traded.
MOC: $570mil to Sell.

FOR TOMORROW:
Redbook, S&P Case-Shiller HPI, Consumer Confidence, State Street Investor Confidence Index, and a 4-Week Bill Auction.
There are some heavy economic reports this week with the FED sypmpsium and the jobs number on Friday.

The volume today has ‘Mutual Fund Monday’ written all over it.

The mutual funds buy stocks on the last 3 days of the month and the first 3 days of the new month.

Dont forget these rules:
1.) The Trend Is Your Friend
2.) Dont Forget Rule #1


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Danny Riley (1491 Posts)

Danny Riley has worked in the futures and options industry for 38 years, including the CBOT’s bond room, where he worked for several of the Market Wizards. He went on to build the largest volume desk in the S&P 500 Index Futures, serving some of the largest banks and hedge funds, the UBS program trading business, and some of the world's top individual traders. As a leader and co-creator of the MrTopStep IM-Pro Trading Room, he shares trading ideas and breaking market news live from the floor with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.


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