17 October 2014

SP 500 and NDX Futures Daily Charts - Wild, Wild Week

The Fed's jawboning and some timely buying in the SP futures saved the US equity market, for this wild, wild week.

Follow through is essential, because technically stocks are not out of trouble.

Consumer sentiment is a lagging, not a leading indicator.

The notion that the US is exceptional and immune to problems overseas, especially Europe, is a canard.

What will they think of next?

Have a pleasant weekend.