Quiet Trade
A quiet trade in the S&P pit. After a quick move to retest area of 1070.30 on local selling, and the trade back right back to 1072.50 to 1073. This trade is a non-event, and one to avoid especially in the lunch hour.
As we stated in the Morning Meeting, we have support at 1071.50-1072.50, and below that a key area at 1069.50.
Nasdaq futures in a contained trade, just below 1200. The index spurted up to 1205 before quickly moving down to where it has spent much of its time lately, 1196 to 1199.
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