March S&P finished up 27 at 2303, -26.7 off the high and 40.5 up from the low.
March S&P E-Mini closed down 0.75 at 2275.25. This was 13 up from the low and 1.5 off the high.
The equity market spent most of the trading session in negative territory today. Ongoing strength in a private home price survey and a stronger-than-expected present situation component from the conference Board wasn't able to discourage prices from a failure below the prior sessions low. With many traders and investors fretting over the conference Board January consumer confidence headline reading and the beginning of a FOMC meeting, it wasn't surprising to see an extension of the corrective action. We suspect that ongoing political uncertainty and overt weakness in the US dollar served to push many investors to the sidelines.