12 June 2013

SP 500 and NDX Futures Daily Charts - Front Running For a Fee

Stocks gave it up today on mostly international jitters, with the political situation in Turkey and the economic situation in Japan.

VIX has now reach the levels that have signaled the recent high water marks.

Tomorrow we get US unemployment claims, Ex-Im Prices, and Retail Sales.

Any further weakness risks stocks slipping out of their short term trend channels and providing a more interesting test of support.