S&P 500 Emini Day Trading Gap Thursday November 19, 2009

S&P Emini 500 Futures had a small gap that filled in the first 5 minutes of trading.  It was a narrow trading day once again, the range being only 8.75 points, below average.  The index made an attempt at the 1100 level, but only got within 3 ticks of that number before bouncing up.  The close was 1108.00, 2 ticks from yesterday’s close.  Perhaps the market is marking time waiting for options expiration Friday.  This news driven market has big reports to digest tomorrow.  The jobless claims and the Philly Fed Manufacturing Index should spark action one way or another.