Friday again. SPI Futures traded in a 54 point range last night, with a high of 6688, low of 6634, and a close this morning of 6651, down 13 points, on volume of 15,384 contracts. A few lower gaps filled last night, leaving one down at 6541, then 6531 from a previous nights open, then 6616, 6604, 6601, 6592, 6563, 6534, 6498, 6492, 6466 and 6462. Gaps on the upside are at 6697, 6733 and 6812.
In the headlines - UK Prime Minister Boris Johnson reaches a new Brexit 'agreement' as opposed to a 'deal' with the European Union. Johnson needs approval from a special session of Parliament, scheduled for Saturday. Opposition parties and some lawmakers from Northern Ireland have said they won't support the agreement, leaving some doubt as to whether Johnson will succeed, so stay tuned, as there still could be another Brexit extension. SPI Futures went up an entire 30 points on the news, before going back down again. Boris said "It's gonna be great" Humm, sounds like Mister Trump with his "It's gonna be huge' China deal, err, that's also not a deal yet.
Today in 1931, American gangster AL Capone, also known as "Scarface", who attained notoriety during the Prohibition era, was convicted of tax evasion. Capone apparently reveled in attention, such as cheers from spectators when appearing at ball games. He made donations to various charities and was viewed by many as a "modern-day Robin Hood". The Saint Valentine's Day Massacre, where seven gang rivals were murdered in broad daylight, damaged Capone's image, leading influential citizens to demand government action and newspapers to dub Capone "Public Enemy No. 1". He was convicted and sentenced to 11 years in federal prison. To quote big AL, "You can go a long way with a smile. You can go a lot farther with a smile and a gun". Say no more.
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