15 July 2014

SP 500 and NDX Futures Daily Charts - Wobbly But Buoyant

After the bell Intel beat its numbers and Yahoo. missed. Yahoo also announced that they will be able to retain more shares of Alibaba than previously anticipated.

As you may remember, Alibaba is expected to be one of the largest IPOs ever in August of this year.

No doubt the wiseguys will seek to sustain the market until then.

The handoff of stocks to mom and pop is underway however. I am thinking of a drop in the stock markets in the autumn.

Otherwise, all is complacency despite the occasional wash and rinse.

Have a pleasant evening.