21 July 2011

SP 500 and NDX Futures Daily Charts - Euro-phoria and VIX Declines for Now



Markets soared today as it was risk on, with hopes buoyed by the 'European Deal' and 'better than expected' results from Leading Indicators and the Philly Fed.

There was a rumour of a US budget deal that was released intraday, but it was quickly denied by the White House.

Forecast: cloudy with a chance of fraud, high heat, and isolated disasters.