Feb 152018
 

After 4 up days in a row, the ES bulls continued overnight on strong earnings from Cisco and Waste Management.  The ES had a big and bearish reaction to yesterday’s strong CPI numbers before spending the day recovering and pushing to new highs.  On deck this morning is PPI @ 8:30am EST.  Another strong number could bring out the bears again.  Also @ 8:30am EST are Empire State, Philly Fed, and Claims.  Earnings include CBS and SHAK.  Volatility remains high.  Size bias is interesting a divergent short into the 8:30am EST numbers.

 

 Posted by at 7:46 am

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