22 December 2014

SP 500 and NDX Futures Daily Charts - Quiet Day with Upward Bias

No surprises here today, a quiet day of trading with an upward bias.  I suspect most of the adults have already taken off for the holidays, leaving juniors in charge with some strict instructions not to mess things up.

The economic news came in weakly, but these things do not matter so much when bonuses are being shaped.

The level of discussion and subject matter in the Americans news media is generally shameful, and embarrassing.

I would expect this week to walk quietly into Christmas holiday. Something might happen, but otherwise we are seeing the usual theft and lies in unworthy commemoration of a great event.