Dull Trade
S&Ps are trading at 1143 after putting in a new low at 1141, although the market is still up on the session.
Overall, a dull trade in a tight range, which shows no signs of expanding. Be careful over the lunch break.
Odds are that we could be in for a sloppy, choppy and hedge-driven trade due to expiration/rollover.
Nasdaq is trading at 1658 after putting in a session low at 1649. Earlier, the market declined steadily from the 1674 level.
The Semiconductors turned lower on the day at late morning. Be careful if this continues, as it could be a strong negative for Nasdaq futures.