15 August 2014

SP 500 and NDX Futures Daily Charts - The Fog of Currency War

Stocks tried to shake off the poor economic news this morning *again* as there are more signs that the recovery is sluggish to floundering.

There was news during the day that the Ukraine had attacked and partially destroyed a Russian armoured convoy. This sent stocks plunging for a brief period of time and put some jets under the VIX.

Back to near unchanged near the close with big techs leading the way.

We are now in the fog of currency war. I smell desperate antics from the Banks.

Have a pleasant weekend.