The Lord’s Prayer
Our Father, who art in heaven, hallowed be thy name. Thy Kingdom come, Thy Will be done, on earth as it is in heaven. Give us this day our daily bread and forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but deliver us from evil. Amen.
8:00 am
Good Morning!
SPX futures went lower this morning, to 6436.30, as the SPX obtained release from the massive options positions which expired on Friday. While Friday’s options day closed near Max Pain at 6440.00, the dealers had to maintain hedges against the possibility of a melt-up. The release of these hedges allows the index to “relax” and possibly decline. Some analysts are calling for a pullback.