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Intraday volatility setting up Wednesday’s jump ball as bulls flip weak bears again

Brian Shepard
mts marketrecap 330 300x207 Intraday volatility setting up Wednesdays jump ball as bulls flip weak bears again

Collective Intelligence!

Ukraine / Russia more sanctions in the pipeline: The U.S. and Europe Hit Russia With Fresh Sanctions Against Officials, Companies Linked to Putin – 7 Russian government officials, 17 companies with links to President Vladimir Putin – AP.   **From Russia with Bugs: Hackers may respond to U.S. sanctions with digital attacks on U.S. banks and other companies: http://bloom.bg/QUKeWN

Snippets: In light of the above concerns … Friday we posed this QUESTION => Too far too fast – assuming no escalation over the weekend???  Well, how quickly that changed following the 5.5-handle higher open today, subsequent dip to down 1.5 handles on the morning and the ensuing 13-handle rip to 1871.30 following the housing data – then the flop to new weekly lows – LOL.

icon wink Intraday volatility setting up Wednesdays jump ball as bulls flip weak bears again

Fed tells Bank of America to resubmit capital plans after errors. mts2 (07:56) Bank of America Halts Buyback, Dividend Increase After Finding Error in Its Capital Planning.  Charles (07:59) serious premarket blood on [BAC] charts.

Over 50% of the S&P 500 have reported earnings – there are a total of 134 companies reporting this week and the big guns come out for Wednesday’s FOMC decision and Friday’s BLS jobs data.

She’s got the whole world in her hands, she’s got the whole wide world in her hands – SETTING UP THE JUMP BALL Wednesday 2 p.m.ET – william_blount.

Chicagostock: What happened last 2 NFP #s? Will be interesting to see if people wnat to be long again into the next number. So maybe a front run of sellers into next friday, then instead of peak high we get a peak low.

Today started with 207k ESM traded on Globex, trading range was 1867.75 – 1858.00. Friday’s regular trading hours (RTH’s), pit session trading range was 1867.60b – 1853.00 before settling at 1860.10, down 13 handles. During the Globex session we can see there were no real concerns based on the 10-handle trading range and mostly on the green side of the tape.

Today’s RTH’s, pit session, opened at 1865.20 – 1865.70, traded a high of 1866.50 before dropping to 1858.50 and bouncing back to 1864 area. first 15 min range — 1867.00/60.00 stockmarketwhisperer (08:56) I think 1853 or lower.. why would month end window dressing want to buy in up here? Jim_M (08:55) if this goes then someone was privy to pre numbers… big buy vol on the 1860.75, 61, 61.25. first half hour range 1867.00 / 1858.50… stephen (09:00) up 3.4 % home sales. Jim_M (09:01) there is your answer – now they can sell those 40K to the uninformed. U.S. pending home sales jump 3.4 % home sales vs exp of 1.0, and a new intraday high of  1871.30b. At (10:12) holding up well [AAPL] +$20, +3.5%, but the [NDX] was once again for sale. (10:23) ES -10 handles from RTH high (11:16) Consumer staples [XLP] +1% leading today, Financials [XLF] -0.66% lagging and the small caps were leading down again today … [RUT] down 1.3% right here vs. ES only down 0.16% as the sideways to lower markets had set in with the [VIX] quietly trending higher near 14.5 area, up over 2.5%.

Mikey_P (11:31) Barry, you think TF sickness could become contagious to ES? Barry (11:37) These kind of divergences within major indices should just keep you on your toes… hard to make a call with certainty but with other “risk off” stuff showing up, it is making a decent argument for lower potential. (12:07) ES -20 handles from RTH’s high while the [DJIA] retesting unchanged on the day.

PivotBoss Midday Update: http://bit.ly/1m2aOan Updated ADR: http://bit.ly/1fKsGmk

Kathy’s midday update: http://bit.ly/1hIJhes

A new low of 1844.50 traded followed by a bounce, retesting 1850 area.The Russell 2000 [IWM] has not closed below its 200-DMA since November 2012- Bespoke. The MrTopStep imbalance Meter, MiM, showed a modest buy imbalance of $295M – redliontrader (14:05) Market down and bonds down.. that hasn’t happened in a while. The bulls once again flipped the weak bears as the algos were running amok today. The S&P 500 has made four 1% moves down and up over the last 3 trading days 1879 to 1861, 1861 to 1876, 1876 to 1850 and 1850 to 1872 – @Convertbond. Going into the cash close the imbal grew to $375M to buy. The futures were trading 1863.60 area on the cash close before settling at 1866, up 5.1 handles on the day. E-mini volume on the day was 2M with the VIX going out at 13.97, down 9 ticks and down a full handle off the high.

Eco calendar: http://www.investing.com/economic-calendar/  This week we have more earnings, BOJ decision, GDP, FOMC decision and the BLS jobs data.
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones http://nyti.ms/1tURdhL  Why Factory Jobs Are Shrinking Everywherehttp://buswk.co/1kcTZbk