13 November 2014

SP 500 and NDX Futures Daily Charts

Stocks were ranging all over the place today, finishing up with a little to the upside.

There are rumours of a deal in the oil patch, Halliburton to acquire Baker-Hughes.

Nordstrom beat but lowered guidance and JC Penney missed.

Applied Materials lowered guidance and sold off a bit after hours. Applied Mat is considered a tech bellwether.

There is no broadly based organic recovery. There are only illusions and appearances based on accounting fraud, control frauds, and money printing.

Have a pleasant evening.