"S&P 500 Greek Downward Press"

on June 8, 2015

Tomorrow we have Redbook, NFIB Small Business Optimism Index, JOLTS, Wholesale Trade, and av 3-Yr Note Auction.

Weak close on Friday, big MOC selling, and continued selling tied to Greece continued today.

After the early highs, the ESM could not hold any of the rallies until the 7 handle bounce off the 2078 low.

Greeks still not coming clean; they say they will make a full payment to the IMF and creditors at the end of the month… You know what I say to that? Duddly Squat!!!

Not much on the economic calendar until later in the week; Jobless Claims and Retail Sales on Thursday.

High: 2092.00 Early
Low: 2078.00 Mid-Afternoon
Last: 2080.25 Down 11.25 Handles
Volume: LOWER; 1.1mil ESM and 2.6k ESM traded in the pit.
MOC: MiM showed small to sell until right before the 2:45 cash close. Actual MOC sell-$680mil