11 August 2014

SP 500 and NDX Futures Daily Charts - Pop Up

Stocks rallied up today on the good news that nothing blew up in the Mideast or in the Ukraine over the weekend.  Dare I suggest it was a technical bounce off the latest rinse to the bottom of the wash 'n rinse channel?

After that early exuberance, they tended to drift lower most of the day.

After the bell Caesar's offered some fairly awful results. No not Obama, who was speaking about Iraq after hours, but Caesar's the other gambling empire besides the Fed.

There will be more earnings, macroeconomics news, and geopolitical jitters this week.

Have a pleasant evening.