"The S&P and Mutual Fund Monday"

Tomorrow we have Redbook, NFIB Small Business Optimism Index, JOLTS, Wholesale Trade and a 3 Yr-Note auction… very light economic calendar this week.

Mondays used to be the mutual funds favored buy day but like many things Mondays were obliterated by the algorithms.

After an early pull back the ESH started grinding higher, by mid day there was over 850k minis traded.

Dead day – not much to talk about.

Still think there is a chance we pull back further before the PitBull Thursday/Friday Low.

March Quad Witch and the Quarterly Rebalance

High: 2082.30 Early Afternoon
Low: 2070.50 Early
Last: 2078.80 UP 8 handles
Volume: 1.1 Mil ESH and 5 k SPH traded
MOC:Buy $380mil

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

Categories:

Tags:

“The S&P and Mutual Fund Monday”