24 April 2013

SP 500 and NDX Futures Daily Charts

Durable goods came in a bit light today, but since those numbers are marked by high month to month volatility it is usually good to ignore them and watch only the trends.

Of more concern is the general weakness in the revenues of reporting companies. Earnings less so because they are often accounting fictions.

GDP on Friday is expected to come in around 3 percent with a range of 2.8 to 3.2.