Tomorrow is the busiest day of the week: Jobless Claims, Chicago Fed National Activity Index,PMI Manufacturing Index, Philadelphia Fed Business Outlook Survey, Existing Home Sales, Leading Indicators, EIA Natural Gas Report, Kansas City Fed Manufacturing Index, 3, 6, 52 month T-bill Announcements, 2, 5, 7 Yr Note announcements, Stanley Fisher speaks, Fed Balance Sheet and Money Supply.
ESwas up overnight, pull back from the 2126 level and pulled back to the 2121 level and then traded 2124-2125 area then popped when the Fed minutes came out.
Pretty much a dead day until the Fed Minutes.
Still think we’re overdue for a pullback, but I have to admit, the low volumes make it very hard to be a short seller.
Lots of traders thinking we could accelerate to the upside but the sell stops are starting to build up and the upside stops are almost all wiped out.
HIGH: 2132.00 Late
LOW: 2119.50 Early
LAST: 2128.50 UP 4 Handles
VOLUME: 780k ESM, and 1.3k ESM traded in the pit.