After 8 straight weeks of outflows, $1.9bil has poured back into equities in the past week, and the S&P has risen 3% over that period, and is now up over 200% since its 2009 666 low.
Tomorrow we have Charles Evans speaking, MBA Mortgage Applications, EIA Petroleum Status Report and the FOMC Minutes at 2:00 ET.
I am sorry I have been off line. I can’t lie, I am burned out, and trading is becoming more difficult. You can see it in the stock and index futures and options volumes.
The ESM ripped up to 2132, and crude oil sold off down to 57.30.
Interesting discussion with the Pit Bull today: Things that used to work don’t, and the things that do work don’t last long.
QCHA -40
Negative breath / 500 more stocks down than up, and there is just no selling anywhere, but everything moves higher.
Rules of the game ve changed.
All about low volume pushes up and down. Bus too full?
High: 2130.00 MID-DAY
Low: 2121.80 MID-MORING
Last: 2124.00 DOWN 2 HANDLES
Volume: ESM 950k ,and 2.2 K SPM traded in the pit.
MOC: MIM SHOWED -$175MIL TO SELL, ACTUAL WAS SELL -$360MIL.
—
MrTopStep Group
https://mrtopstep.com
Questions: info@mrtopstep.com
Follow Us On Facebook and Twitter For More Intra-Day Market Updates!
https://www.facebook.com/mrtopstep
https://twitter.com/MrTopStep (@MrTopStep)
Dont Forget To Subscribe To Our YouTube Channel!
Sign Up Here: http://www.youtube.com/mrtopstepgroup
No responses yet