14 December 2011

SP 500 and NDX Futures Daily Charts



VIX remains elevated, but relatively low in the current range for the kind of rhetoric the financial press was putting out today.

Let's see if the SP will break down further.

Credit Agricole was lowered by Fitch after the bell but the outlook remains 'stable.'

Perhaps Europe will collapse and the SP will roll over. But I am highly suspicious of this low volume trade. Still it is better not to get in front of it.