31 July 2013

SP 500 and NDX Futures Daily Charts - Light Volume Ranging Trade Ends July

GDP came in better than estimates but this was overshadowed by analysis of the big revision of GDP back to 1929.

The Fed came out and said very little except to make dovish noises.

Stocks were all over the place today in light volume as the algos played ping pong. Some stocks had particularly impressive swings.

All eyes are now on Friday's Payroll Report.