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The S&P Greek DIP and Post Election RIP – MrTopStep

BLIZZARD heading toward the East Coast and the NYSE won’t close !!! Its all electronic !! whats wrong with you guys?

Tomorrow: Has a busy economic and earnings schedule and starts with the
First Day of the FOMC Two-day meeting / Durable Goods / Redbook / S&P Case-Shiller HPI / PMI Services Flash / New Home Sales / Consumer Confidence / Richmond Fed Manufacturing Index and earnings from Before Bell: MMM,American Airlines, Bristol-Myers Squibb Company (BMY), Caterpillar Inc. (CAT), Coach (COH), Pfizer Inc. (PFE), United Technologies Corporation (UTX), After Bell: AAPL, AMGN, AT&T and YAHOO

Friday it was the early rip and the Pre-Greek election DIP and last night it was the Globex dip and the Greek election RIP…

As I have always said the S&P “never” does what everyone wants it to do when they want it and any and the shorts learned that again today.

The ESH made a low at 2035.00 in GLOBEX and basically traded higher all day trading all the way up to 2052.

Not sure what this was but with the euro currency trading all the way down to the 1.11 handle it looks like money is pouring back into the US.

Crude still sagging late day low at 45.08 S&P looks to be detaching

High 2052.50
Low 2034.80
Last 2049.00 up 5.1 handles
Volume LOW 1.25mil ESH and 2.3k SPH traded
MOC : I am confused; MiM shows almost $400mil to sell and the first imbalance was $10mil to buy and the 2nd one is MOC buy $450mil


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