Cha- Ching Goes the Stock Market....
We hear that a lot of the big funds are chasing the early year returns. Over 48bil has gone into stock funds in the first 3 weeks of the new year.
Year to date the Dow is up 5.26%, S&P up 4.85%, NASDAQ up 4.55% and the Russell is up 5.73%.
SPH high 1491.00
SPH low 1484.70
SPH last 14
Total volume : 1.2mil and 4k SPH traded
MOC : 15 of the DOW 30 / MOC BUY $500mil
Tomorrow's economic releases : Jobless Claims, PMI, Leading Indicators, API and Nat Gas numbers, KC Fed Mfg. index and a 2yr, 5yr and a 7 yr note auction