07 September 2016

SP 500 and NDX Futures Daily Charts - Sittin' On Top of the World

Stocks were struggling to make a silk purse out of the sow's ear of an economy today.

The pivotal point was the ability to turn APPL around, despite their so-so announcement of the iPhone today which was largely technical improvements, some of which matter, but which may not compel anyone to upgrade.

And so we saw the Nasdaq pushing to another new high, as the broader market in the SP 500 does not really confirm the move.

Tomorrow we will see what the ECB has up their sleeves rates-wise.

Have a pleasant evening.