Closing Print 7.12.2013

MrTopStep.com

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The SPU opened strong and went straight up to 1670.20, about 7 handles short of its all time high. The 30year bond got up to 134.28, before retreating back to just below 134. The fed and when tapering inevitably take place remains the tale of the tape.

Wells Fargo and JP Morgan topped earnings early this morning and the BKX and XLF, perhaps indicating what's to come in the next couple of weeks with a slew of companies in the S&P 500 reporting.

Opening Range 1669.50-1670.20
High 1679.20
Low 1666.70
Last 1670.50 up 1 handle

Volume SPU/1.5k ESU/1million
MOC 2.6 Billion to buy

Monday
Expiration on Friday
Business Inventory
Earning Season in full swing.
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