15 April 2011

SP 500 and NDX Futures Daily Charts


I forgot to remind you all that today was the April options expiration for US equities.

Given the thin trade, it was shenanigans abounding.

So far the April equity action is nothing but disappointing, and earnings reports seem lackluster.

Next week should help us to sort things out. Despite today's up day the short term downtrend remains intact.