Update

Soon after the open which was mixed, Goldman and JPM came in buyers, not aggressive but JPM in particular came in steady buying 20 contacts at a time for about 500 total. The locals were short but the kids in the sandbox were not cooperating, The Naz sold off sharply and cant get above its OR. Hummmm.

The RU MD and YM were not interested in trading below their OR. The ES crossed back and forth from one end of the IB to the other. This is a great market to get chopped up in, I will wait until either the locals start getting their way and the other markets are on board or other time frame players step in with conviction.


Tim Mack