05 June 2013

SP 500 and NDX Futures Daily Charts

“Fraud and falsehood only dread examination. Truth invites it.

Whoever commits a fraud is guilty not only of the particular injury to him who he deceives, but of the diminution of that confidence which constitutes not only the ease but the existence of society."

Samuel Johnson

Stocks sold off today on weak economic news and profit-taking.

Weekly jobless claims tomorrow, but the big mover will be the Friday Non-Farm Payrolls report.

In this case bad is good, and good is bad. A weak Jobs Report will suggest that QE3 will continue without 'tapering.'

Next Episode: The Republican strongholds of Qarth and Astapor