14 April 2011

SP 500 and NDX Futures Daily Charts - Another Day, Another Save, But Not Out of Trouble


Earnings came in somewhat mixed today, but there was some ominous trend news on PC sales this morning.

After the bell, Google missed its earnings per share number.

The bulls saved it for the day, again on lighter volumes, but stocks appear to be struggling, and may even be in a bit of trouble.

I turned more cautious into the close, adding to short positions to hedge bullion longs.