Closing Print 4.26.2013

April 29, 2013

After an early pull back, the S&P rallied.
After the S&P made its low we said...

European close and at NY lunch time, everyone was short...Balance time...

High 1581.50  early
Low   1572.00  midday
Last   1528.50   down 3.2 handles
Volume  1.3million/ESM    5k/SPM
MOC   140 million to buy

Monday's  Reports
Chicago Fed National Activity Index
Existing Home Sales
Personal Income
Core Price Index

Everyone was looking for a new high in the S&P but it turned slightly south when it didn't happen....deflating the buzz.
We still think there is upside re-balancing to do here early next week.


MrTopStep Group