31 July 2012

SP 500 and NDX Futures Daily Charts - End of the Month

Say goodby to July.

Stocks sold off slightly in to the close, with tech slightly stronger than the SP today as there was speculation that AAPl would give a dividend and may be included in the Dow Jones Industrial Average.

FOMC decision tomorrow, and perhaps something from the ECB the next day.

Its almost an even bet if Benny will do the twist, or anything else for that matter, tomorrow.

They *might* follow on the ECB if some news comes out. But if they do nothing this week the next meeting is in September, the last time they are likely to act before the elections.

Take Two Interactive had a big miss across the board after the bell.

Electronic Arts did poorly as well, but their stock is not being hammered like Take Two, which also guided lower.