09 January 2014

SP 500 and NDX Futures Daily Charts - The Year of Divergences

Non-Farm Payrolls on Friday remains the 'big tickle' for Wall Street.

Stocks were largely flat ahead of the big event.

Sears was hammered after hours as the reality of the failing consumer continues to leak out from behind the stage props.

Obama made a speech today about rescuing beleaguered cities with 'promise zones.'  Who thought up that name?   I suppose it is better than Hoovervilles..

The Republicans continue to delight in needlessly tormenting the unfortunate on behalf of their paymasters.

And the band played on.

Have a pleasant evening.