15 January 2016

SP 500 and NDX Futures Daily Charts - Options Expiry and a Retail Flop

Retail sales came in plug ugly this morning, and stocks sold off.  It certainly landed a surprise to the stock option dip buyers who braved these storm-tossed markets and got appropriately tossed.

The elite class is beginning to acknowledge that keeping the working class down as the 'working poor' is not good for sales, especially when the common people have exhausted their ability to mortgage their futures.  They are struggling to pay all their bank fees, rents, and healthcare.

But for now at least most of the privileged class just seem puzzled.  Why aren't the puppies eating our puppy chow?

If the old saying that 'as goes January so goes the year' holds true then hang on to your hats.  Although it should be noted that we are only halfway through January.

US markets will be closed on Monday for Martin Luther King day.

Have a pleasant weekend.