Mutual Fund Mondays Downer

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HIGH: 1978.90
LOW: 1970.70 EARLY
LAST: 1975.70 DOWN 1 Handle
TOTAL VOLUME: ESU-810K, SPU-41K; ESZ-1.7mil, SPZ- 40k
MOC: BUY $200mil

FOR TOMORROW:

PPI-FD
Redbook
Treasury International Capital

S&P has a lot on it plate this week

2 day FOMC meeting and Taper
Alibaba IPO and the Quad Witch

I call the run up – but it doesnt look like the S&P knows what it wants to do.

8 FOMC meetings since September of last year. 7 out of the 8 the S&P went up, but sold off the days after.

Comments

COGS's CORNER says:

Danny, why do you think their is that kinda volume on the close ?

LondonCrusader says:

Yet another day of minor chop…

Unless we break <1970…the bull maniacs have little to fear.

ps. you forgot the Scottish vote this Thursday, although maybe you don't think it matters..at least on your side of the pond.

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