Quiet Lows
S&Ps are trading at 1084.80 after putting in a new session low at 1083.30. The trade is light, choppy and very illiquid as local traders are dominating the action.
As we stated in the Morning Meeting, below yesterday’s high of 1086.80 (which was support earlier in the day), we have suport at 1083.50 and then 1082.50, with major support at 1079.50.
Nasdaq futures are trading at 1244 after putting in a session low at 1240 on weakness in semiconductors. The volume and the activity, however, is light.
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