"S&P 500 Futures Goes Up On No Volume, and Goes Down On No Volume"

on April 7, 2015

Tomorrow, Alcoa kicks off the earnings season, MBA Mortgage Application, Federal Reserve Gov. Jerome Powell speech on monetary policy challenges, in New York, EIA Petroleum Status Report, a 10 Yr-Note Auction, and FOMC Minutes.

I have a song for you…Oh where o where has the volume gone, oh where oh where has it gone?

Better yet, PitBull has a song…Take out the buy stops / take out the sell stops…All kind of sounds the same to me.

Despite all the ups and downs, the S&P is up a whopping 1.4% on the year!!!

S&P has been going nowhere FAST.

FOMC Minutes will reconstitute the same stuff, that the fed will remain data dependent.

Again, going no where FAST

High: 2082.50 Mid-Afternoon
Low: 2068.80 Late
Last: 2069.00 Down 4.2 Handles
Volume: 1mil ESM, and 2.7k SPM traded in the pit
MOC: MiM showed MOC sell $51mil ACTUAL came out BUY $70mil

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MrTopStep Group
https://mrtopstep.com