01 March 2016

SP 500 and NDX Futures Daily Charts - Beautiful Rally On the Outside, But Ugly to the Bone

"Woe to you, hypocrites! You are like whitewashed tombs, which look beautiful on the outside, but on the inside are full of every form of foulness and decay, and dead men's bones."

US equities rallied today on the 'better than expected' economic news this morning. As if.

There was quite a bit of 'hedging' behind the scenes for this advance today, led higher by financials and tech.

Let's see how we end the week.

Have a pleasant evening.