29 June 2012

SP 500 and NDX Futures Daily Charts - End of Quarter And First Half 0f 2012

Quite a rally today based on the TARP like nature of the new bank bailout in Europe wherein the money is given directly to the banks and not their national sovereigns. Additionally there are signs that Europe may move to a Federal Reserve type structure.

Or it could just have been an excuse to run the market higher to make the end of quarter numbers look good.

US Consumer Spending and Confidence Fall to Lows of the Year

See you next week.

The US Supreme Court Upholds the Affordable Healthcare Act