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Weak Volume This Morning May Make For A Quiet Friday

Morning Notes
-Overseas markets are mixed- note: on low volume
-Shanghai Comp was strong, closing up slightly over 1%
-Strength in China attributed to better than expected Trade Balance number
-PBOC tightened its monetary policy as speculated by raising bank reserve requirement by 50bps, which was announced after their mkt close- no real reaction in overseas mkts though
-S&P futures were up in the pre market
-October Trade Balance: -$38.7B vs. -$44.5B; prior revised down to -$44.6B from -$44.0B
-Futures have pulled in since trade balance data release, pulling back below R3 pivot level
-Meanwhile, dollar bounces a bit
-S&P futures open on the R3 sell pivot signal
-U.Mich Prelim: 74.2 vs. 72.5
-Futures pull back following data release
-Now futures are up 1.5 from FV
-Treasury budget at 2p ET today

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.