27 January 2014

SP 500 and NDX Futures Daily Charts - Big Tech Week: AAPL, AMZN, FB, GOOG

Stocks had a bit of a wild ride today, as emerging market jitters had them moving solidly lower, with a rising VIX, but the dip buying liquidity crowds tried to bid them up in the afternoon. They finished a bit off.

The FOMC will meet this week, and it is expected to do its normal taper once again.

The big tickle is big tech, as the titans Apple, Amazon, Facebook and Google will be reporting earnings this week.

AAPL reports around 4:30 PM this evening.

Note:  AAPL missed on iPhone sales and warned on the conference call.  Stock is down about 8+% after hours.

Have a pleasant evening.