Next weeks shortened holiday week includes 18 separate economic releases, 10 T-bill or T-bond auctions or announcements, 6 Federal Reserve Bank presidents speaking and the US GDP.
Monday the markets are closed but Loretta Mester and Stanley Fisher from the Fed speak, and Tuesdays trade starts with Durable Goods Orders, FHFA House Price Index, S&P Case-Schiller HPI, PMI Services Flash, Consumer Confidence, Richmond Fed Manufacturing Index, Dallas Fed Mfg Survey, 2 Yr-note auction and Stanley Fisher and Jeffery Lacker from the fed speak.
It’s a short week with a lot packed into it.
Friday is the last trading day of the month, and then Tuesday is the first full trading day of June.
So far “Sell in May and walk away” has not worked real well, in fact, May is closing out as one of the biggest months for the S&P all year.
This week’s daily volume; Monday 915k, Tuesday 999k, Wednesday 1mil, Thursday 793k, today?
We used to do a whole weeks volume in one day…what the hell is going on here? Where have all the traders gone?
End of the month and the beginning of the month could be bullish. I’m still looking for a pull back, but the ES is BACK and FILLING AGAIN.
High: 2129.00 Mid-Morning
Low: 2124.00 Early
Last: 2125.50 Down 2.5 Handles
Volume: SUPER LOW; 700k ESM and 1k SPM traded in the pit.
MOC: Mim showed small to sell the FLIPED big to sell actual MOC sell 1.45bil
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