22 October 2012

SP 500 and NDX Futures Daily Charts


Stocks were wobbly after Catepillar came in with a weak revenue report, although that stock remarkably enough was up on the day.

Stocks reached a low in the early afternoon, led by the SP 500, and then rallied back to a gain on the day. Gold and the NDX never broke so there was the 'tell.'

So what next? Let's see how the debate goes tonight since some people seem wound up about that, and what new earnings reports this week may bring.