06 January 2012

SP 500 and NDX Futures Daily Charts



Sleepy day, typical of this first week with wide range in prices finishing largely unchanged on light volumes.

On Monday Alcoa kicks off earnings season.

Also on Monday there is another meeting on the Europe situation. That may drive some of the action.

The markets pretty much ignored the 'better than expected' employment report today and for good reasons. The beat was largely based on part time seasonal hiring that was not correctly deseasonalized.