Monday Feb 24 - One giant leap

Monday again. Hope all had a good weekend. SPI Futures traded in a 71 point range Friday night, with a high of 7091, low of 7020, and a close on Saturday morning of 7039, down 47 points, on volume of 24,919 contracts. Gaps above at 7071 and down at 7038 and 7032 from Friday night, then down at 7012 and 6982 and up at 7106 and 7113 from a previous day, with 7113 being the close/open gap from the Friday day session.

Defensive posturing, a flight-to-safety in gold, UST 30 year bonds setting a new all time yield low at 1.89 pct, coronavirus growth concerns, the market flash services PMI for February falling into contraction territory, and a general 'feeling' that US stocks are overextened, all helping to drive down equity markets, with the DOW down .78 pct, SNP down 1.05 pct, and Canada (resource driven) down less, at .56 pct. VIX up 9.77 pct to 17.08. Have a nice day.



Today in 1996, saw the last occurrence of February 24 as a leap day in the European Union and for the Roman Catholic Church. Yes traders, that's one small step for them, one giant leap for err, them, and us...

	Column 1	Column 2
1	mce-anchorH	7091
2	L	7020
3	C	7039
4	R	71
5	R6	7121
6	R5	7103
7	R4	7094
8	R3	7086
9	R2	7077
10	R1	7068
11	PP	7050
12	S1	7032
13	S2	7023
14	S3	7015
15	S4	7006
16	S5	6997
17	S6	6979