30 July 2012

SP 500 and NDX Futures Daily Charts - Not Even Enough Volume for End of Month Rally

The markets are drifting higher based on hopes that the ECB and the FED will inflate their currencies and send hot money directly into paper assets on Wednesday or Thursday.

Sometimes in these lazy midsummer days the Wall Street wiseguys become too lazy to steal.

Non Farm Payrolls at the end of the week. It will be interesting to see how that one comes out.

Market today was pathetic, better to tune in the Olympics.