12 February 2014

SP 500 and NDX Futures Daily Charts - Calm Before the Storm

Snowstorm that is, bringing nearly another foot of snow, with a possible mix of freezing rain and ice, to the NYC - Phila metroplex area tomorrow. We'll have to see if the dampens the enthusiasm of the masters of the universe.

Stocks paused today, digesting their recent gains, as they run to the top of the trend channels.

Tomorrow should bring a little more interesting menu of macroeconomic data for the US.

As a reminder, Monday is a holiday in the States and all the markets will be closed. So we are heading into a three day weekend.

Have a pleasant evening.