very boring so far. Guess they're just basing for a rally. Off out now but back before the close hopefully. Im gonna close this one at 1238 I think
Following last night's sale of Citi Treasury shares, we have learned that S&P will increase the float factor of Citigroup in the S&P after the close from 88% to 100%. As a trading desk reports: "We estimate S&P index funds have up to 374 mln shares to buy today (~89% of ADV), assuming no offer participation. S&P 500 indexers have a large funding trade to fund the C buy ($1.7 bln SPX for sale)." Yep, every mutual fund index tracking fund manager has to buy this sh1t today...Too funny that HFT machines are also aware of "this".
getting out when you are wrong. its madness!! see no one will ever cheer you on when you are wrong, so I say nice loss! Good trading.