Wednesday July 8 - Round 2

SPI futures traded in another relatively normal (except for the rather large gaps) 53 point range last night, with a high of 6003, low of 5950, and a close this morning of 5959, down 30 points, on low volume of 6,865 contracts. The outstanding gaps down at 5961 and 5952 filled, leaving gaps down at 5953, and up at 5982 which is a 2 pointer, 5988, 5991 which is a 3 pointer, 5996 and 5999.

San Francisco and Melbourne back in lockdown, and on the virus front, Novavax (NVAX) announced a 1.6 billion USD federal government 'investment' to advance its COVID-19 vaccine candidate. NVAX shares were up 32 pct. Five green days in a row ended, with the DOW down 1.5 pct, SNP down 1.08 pct and NASDAQ down .86 pct after hitting a new intra-day high in the morning. Canada (resource driven), down less, at .47 pct. VIX up 5.33 pct to 29.43, VXD up 5.65 pct to 30.68, and VXN up 5.03 pct to 31.72. Have a nice day.

	Column 1	Column 2
0	mce-anchorH	6003
1	L	5950
2	C	5959
3	R	53
4	R6	6024
5	R5	6010
6	R4	6003
7	R3	5997
8	R2	5991
9	R1	5984
10	PP	5971
11	S1	5957
12	S2	5950
13	S3	5944
14	S4	5938
15	S5	5931
16	S6	5918

Today in 2019, Deutsche Bank began laying off 18,000 employees worldwide as part of a large overhaul of its operations. I wonder if there will be a round 2...