More than $7 billion flowed from ETFs investing in developing-nation assets in January, the most since the securities were created. As we are about to close out the month end, volume dropped off from the mid week pace as much of the afternoon session traded sideways 1790 area trade – as the markets waited on GOOG and AMZN earnings post close. The earnings disappointed … and the futures dropped about 8 handles.
Open range: 11784.00 – 1767.75
Daily low: 1777.70 early
Daily high: 1793.20 mid-day
The MiM closing imbalance: Started small to buy and grew to $450M to buy.
Cash Close: March futures traded 1789 area
Volume: ESH14 traded 1.8M
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