18 October 2010

SP 500 and NDX December Futures Daily Charts


The tech futures NDX were selling off hard after hours as AAPL and IBM failed to delight investors with their earnings reports, after having gone to new parabolic highs during regular trading hours. This could be an instance of Buy the Rumour and Sell the News.

However the pattern seems to be a sell off at night, with a steady short squeeze starting in the first hour of trade lasting all day. Let's see if the pattern of market manipulation is finally broken tomorrow.