02 May 2011

SP 500 and NDX Futures Daily Charts



The early day rally proved to be a good fade, and a nice hedge for new precious metals positions.

Nothing was broken to the downside, and the Street crawlers are pumping stocks in a big way. A little unusual for the market to end in the red on a 'merger Monday' but this is a strange market overall.

Notice that the US dollar rally failed again.