Sloppy & Choppy, But Mostly Boring

Dow -36.87 at 18126.12, Nasdaq -8.62 at 5097.97, S&P -2.69 at 2120.78

Equity indices began the day in the red with after China’s Shanghai Composite tumbled 6.5% in reaction to more equity brokers increasing their margin requirements.

Greece continues to act like a drunk walking in traffic and things went back and forth at the G7 meeting in Dresden.  Five years later and its the same nonsense.

Tomorrow, the second estimate of Q1 GDP will be released at 8:30 ET while Chicago PMI for May (consensus 53.0) and the final reading of the Michigan Sentiment Index for May (consensus 89.0) will be reported at 9:45 ET and 10:00 ET, respectively.

I added AGEN during trading hours today at the 8 level. It backed off from the breakout level, but looks good.


See you in the morning.


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