05 January 2012

SP 500 and NDX Futures Daily Charts - Fear and Trembling



Another wide ranging day that closed relatively unchanged from the open, as traders tossed the hot potatoes back and forth.

Non Farm payrolls for December is tomorrow. ADP had a big beat on their employment number, but this means little as the correlations are broken, probably on seasonal adjustments.

The bigger issue will be the European meeting on Monday the 9th.