01 April 2015
SP 500 and NDX Futures Daily Charts - Wile E. Coyote
Stocks were in sell off mode this morning as the economic news, ADP employment and the ISM Index, came in worse than expected.
Equities tended to have an upward bias for the rest of the day, rising on light volumes, treading air while not daring to look down.
Most eyes are focused on the geopoliticals, with a gimlet eye on the Non-Farm Payrolls report which may move the markets, without regard to significance or validity.
The equity markets are in another Fed - fueled bubble. They may be able to float on, and even higher, for quite some time. But I think a market break is in the cards this year.
Have a pleasant evening.
Posted by Jesse at 4:15 PM