16 December 2014

SP 500 and NDX Futures Daily Charts - Into the Maw of The Beast

"It was the incarnation of blind insensate Greed. It was a monster devouring with a thousand mouths, trampling with a thousand hoofs: it was the Great Butcher — it was the spirit of Capitalism made flesh."

Upton Sinclair

The US stock market was very volatile today, plunging on the open, rallying back to triple digits gains in the Industrials, and then plunging back again into the close.

Yeesh, what next.

I think the currency war and its collateral damage in the oil market is roiling markets.

FOMC tomorrow.

Have a pleasant evening.