Slow-Down
S&P futures have seen a significant slow down in the trade during the lunch hour. S&Ps have found a range between 1165 and 1162.50. S&Ps did get some early strength from the GE announcement, but the market seems to be discounting the news now.
As we stated in the Morning Meeting, we have support from 1165 to 1163.
Nasdaq futures continue to chop between 1512 and 1501 with low interest in the trade right now. Look for a quiet trade through lunch, with activity to pick up after 1:30 p.m. Central.
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