10 September 2012

SP 500 and NDX Futures Daily Charts


Stocks pulled back today as the negative divergence of tech over the financially heavy SP 500 gained some traction.

The news about slack auto sales in China is just more evidence of a disjointed world economy.

So far this is just the market exhaling, or back and filling if you prefer.

There are concerns with the proposed ECB bond buying plans, and high expectations for Bernanke's latest model of QE which has yet to hit the showroom floor.

Let's see what happens.