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Strong Macro Data but $SPX and $NDX lower (Option Expiration)

Sp500 and Nasdaq are negative again after the drop overnight in Asian markets and new political events in the US.

The new economic data is morning was positive which helped to reduce the pressure on the market. At this time the indexes are negative today. Tomorrow, we have option expiration.

  • Weekly Jobless Claims came at 237K vs. 241K consensus.  Positive Number
  • Philly Fed came at 27.6 vs. 24.9 consensus. Positive Number
  • Empire Manufacturing came at 19.8 vs. 6.0 consensus. Positive Number

Bears pushed to the SP500 near weekly lows five days after the all time high and 7 days low.

Bears pushed to the Nasdaq to new weekly low after. If bulls want to showup, now is a good time. They need to defend current levels at the low today if not trades will start focusing in 5550

Bull are in control on the DJX and shows more strength than SPX and NDX. A new high was marked yesterday after the FED comments

 

Small caps RUT have been lagging indexes during the last years but the printed a new high last Friday at the same time that NDX and SPX. Monday was a neutral day.

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