08 February 2016

SP 500 and NDX Futures Daily Charts - Banking Troubles Worry Stocks

US equities hits new lows today, but managed to bounce back on some technical dip buying and short covering in the afternoon.

If they are going to put in a bottom, there are going to need some help from Europe where the bank stocks in particular look like they have been run through a threshing machine, several times.

Deutsche Bank is appearing very troubled, and Barclays trading was halted for a time today.

Have a pleasant evening.