For tomorrow we have the Jobless Claims, FHFA House Price Index, EIA Natural Gas and Petroleum Reports, 2 and 5 Yr-Note Auction, 10 Yr-TIPS Announcement, Fed Balance Sheet, Money Supply and earnings from Starbucks, AMAT, McDonalds and Verizon.
Big time short squeeze going into tomorrow’s ECB meeting …
ESH made an early high at the 2032.50 area, sold off down 2016.25 and traded back up to the 2027.50 area as we waited on the the 2:45 cash imbalance.
Over all volume was a little lower than the last few days but despite the ECB overshadowing today’s trade the ESH acted fairly good.
Could everyone be wrong ? Could the ESH be on its way back to 2050 or we going back 1990?
Crude oil was again all over the place but it also looks like its trying to “back and fill” if thats the case and the S&P gets past the ECB decision I have a feeling we are going back up.
We are going to leave it like that; its all about the ECB and what they decide on their quantitative easing / bond buying program.
Dont Forget to share your comments, I want to hear what you have to say!
High 2032.00 midafternoon
Low 2005.50 mid morning
Last 2026.80 Net Change up 10 handles
Volume 1.6mil ESH and 3k SPH trade
MOC BUY $200mil
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