The market opened down from yesterday's close by approximately 3 points but had little directional impetus after that. The market continued to consolidate throughout the morning and showed little interest in filling the gap. With such a tight morning I wouldn't be surprised to see more directional activity this afternoon.
First trade of the morning long at 6:51 at 852.3 for -1.6. Second trade of the morning long at 7:07 at 850.1 for -1.4. Third trade short at 7:21 at 849.5 for -1.4. Fourth trade of the morning at 7:32 at 850.5 for +1.2.
Net on the morning: -3.2
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