07 July 2011

SP 500 and NDX Futures Daily Charts



Tomorrow is the Non-Farm Payrolls report for June.

This market rally is over-extended, but it could drift higher in the absence of news founded in economic reality.

There is optimism over the earnings season which starts shortly.

The boyz are quite anxious for mom and pop and a few of the institutions to put some cash in this market.  You can't keep passing around a hot potato forever.