25 October 2011

SP 500 and NDX Futures Daily Charts

Markets took a pause today on less optimism on Europe and domestic US recovery.

Keep an eye on the sovereign debt situation in Europe because that is a primary short term driver of this market.

Amazon missed and lowered after the bell, and so is getting hammered a bit in the late trade.

The US economy is not recovering and the plans being put forward for change are not likely to help anyone but those who are already fortunate, which does little for the economy but is a great source of personal income for the pigmen and their support system.