30 August 2013

SP 500 and NDX Futures Daily Charts - Worst Month For US Stocks Since May 2012

Stocks shook off the 'better than expected' revision to Michigan Consumer Confidence, and concentrated on war jitters for most of the day.

There was a last half hour jam higher as the algos kicked in and put a little paint on the tape for the end of month. Still despite the late push this was the worst monthly performance for US stocks since May of 2012.

The States will have a three day weekend celebrating a national holiday on Monday. Let's see how the Syria discussions progress.

Have a pleasant weekend.