28 February 2012

SP 500 and NDX Futures Daily Charts - Dow 13,000



The Dow Jones Industrial Average managed to eke out a close above 13,000 as the big cap techs roared higher.

There was a bit of a divergence with notable softness in the broader stock averages.

Jamie Dimon today said that JPM would not be buying back their stocks 'at these lofty price levels.'

As a reminder, this is a Leap Year and February will have 29 days. So we may have another day to go in the end of month appliqué.