09 July 2014

SP 500 and NDX Futures Daily Charts - Bow Wow

Today was another dull day, with a dead cat bounce off the lows of the past couple of days.

Tomorrow will tell us if this is a real rally back, or just reflexive dip buying.

The FOMC minutes were the big tickle today, showing that the Fed will stay on a steady taper pace to end QE in October.

Some of the Fed members noticed that the markets seem 'complacent.'

Wow. What a surprise. Floating higher on a bubble of easy money, hand delivered to some.

Have a pleasant evening.