"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870
16 April 2012
SP 500 and NDX Futures Daily Charts - No Resolution Yet
There was no clear breakout or breakdown on stocks.
There is also a strong possibility that we move to a sideways chop from here to the next big market move in May.