3pm update - time for a rebalancing

US indexes look set for minor chop, with perhaps a touch of weakness into the Friday close. There is a notable rebalancing of three of the Russell indexes..and that will likely result in huge trading vol' near the close (or shortly after).


sp'60min

Summary

*For details on the R2K rebalancing.. see HERE
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In the scheme of things, a relatively dull week.

Next week will likely be...more dull.

A 4 day week.. and actually, next Thursday the market closes at 1pm.. so its really only a 3.5 day week.

I will be looking for a touch of minor weakness next Monday, and then melt to the Thursday close..with natural weakness in the VIX.


3.33pm.. another stupid micro ramp..taking out the morning high....

Tiresome...real... real..... tiresome.


3.56pm... time for some huge trade blocks to fly in the R2K...

back at the close...