Can you say S&P 500 MELT UP? There are NO PULL backs. Bonds and S&Ps closing higher... whats the deal?
SPM high 1629.30 on the cash close
SPM low 1618.70 after the open
SPM last 1629.30 , up 8.7 handles
Total volume: 1.55mil ESM and 3.5k SPM trade
MOC : BUY $1.1bil
Tomorrow is the biggest day of the week for economic releases : Chain Store Sales, Jeffery Lacker speaks, Jobless claims, Wholesale trade, Nat gas numbers, 30 Yr- bond auction, Charles Plosser speaks, and Money Supply
Nice little head fake down to 1622.50 , then in come the $1.1bil to buy and NEW highs !!