04 June 2014

SP 500 and NDX Futures Daily Charts - Dog Day Afternoon

The trade was quiet today, subdued in the morning because of a miss on the ADP payrolls, with an afternoon push higher as the Fed Beige book came out telling a recovery story.  The Fed has little clue about what is happening in the real world, and its record of forecasting is horrific.

Same old tune, same old words.

Have a pleasant evening.