29 July 2013

SP 500 and NDX Futures Daily Charts - Econ Heavy Week from Wednesday Forward

The real action this week will start on Wednesday with GDP and the FOMC decision.

I doubt very much that the Fed will do anything at this meeting, but there may be more taper talk.

GDP may be a tough call because I hear that they are going to be revising the data back to Christopher Columbus.  So who knows what they may provide.

Therefore I think if there is a market mover this week it will be the Jobs Report on Friday.