29 March 2011

SP 500 and NDX Futures Daily Charts


Very low volumes, and the end of quarter tape painting continues.

Tomorrow we will get the ADP employment report, consensus +210K, and the markets will be eyeing it for some hints about the Non-Farm Payrolls report for March which will be out at the end of the week. Consensus for the NFP is currently +203k for private sector jobs and +185k overall.

I will take a look at the specifics and the seasonals tomorrow.

Stocks are jamming up into this resistance.