05 February 2014

SP 500 and NDX Futures Daily Charts - Prop Job

Equities looked like they were going to fall off the ledge today, but light selling met determined propping.

Non-farm payrolls at the end of the week.

The VIX remains rather elevated, so I would not say that stocks are in the clear yet.

Twitter and Pandora are getting spanked after hours, earnings report wise.

I own no equities now, and have assumed a very defensive investment position, but no short positions.