25 October 2013

SP 500 and NDX Futures Daily Charts - Trick or Treat?

Stocks were drifting higher for much of the day as Amazon's beat on revenues cheered the markets.

The economic news not so much.

Next week is another FOMC decision on October 30. Do we think the Fed will have a trick or a treat for the market?

More of the same from their treat bowl is most likely with little new being done or said, as Bernanke winds down his tenure at the Fed.  They may acknowledge done to GDP by the government shutdown.

Have a pleasant weekend.