30 October 2015

SP 500 and NDX Futures Daily Charts - Roll Over Rover

Stocks were weak throughout the session, and the futures started sliding a bit into the close.

This looked quite a bit like the effort to mark an 'end of month print' after a sharp rally higher that looks increasingly shaky.

Let's see if stocks start rolling over next week.

Non Farm payrolls coming on Thursday.

All in all the economic numbers are not good, and the real economy shows signs of slipping into recession. That is if you cut through some of the numbers massaging and spin. We might already be in a new recession. The leadership both in terms of economic and political thought is pretty thin, if not sad.

Happy Halloween everyone.

Have a pleasant economy. Not with these results. lol