16 February 2016

SP 500 and NDX Futures Daily Charts - Risk On, Buy the Dip Technical Trade

Stocks were in rally mode today after some recovery in the rest of the world while the US was on holiday.

Stocks have risen back to the 'dead cat bounce' level of overheard resistance from former formations and support.

Wall Street was out thumping dodgy financial paper today.  I am sure that will prove to be a sound investment for Ma and Pa Muppet.

The economic news this morning was very poor.

Have a pleasant evening.