Quiet At Mid-Day
S&P futures put in a new recent high at 1102.50. Above this is resistance from 1104 to 1104.70. Watch the Dow around the 10,300 level for keys to whether this market will reach a top or push through this resistance levels.
Earlier, S&Ps traded up to a short-term trade of 1102. The market, however, is in the lunchtime mode of thin and quiet.
Nasdaq futures at midday traded to 1322 — just below unchanged — but this market is thin and quiet as well. Earlier, the market chopped around between 1313 and 1322 for an hour, illustrating just how quiet and uneventful this trade has been.
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