30 December 2014

SP 500 and NDX Futures Daily Charts - Slouching Towards Year End

Mr. Market 2014 takes a final bow
Hard to believe that this is the second to last day of the year.

Stocks sold off in a very quiet trade, most likely a little cash raising in advance of a light spray on the tape tomorrow.

Most of the adults are off for the year now, and the juniors are executing their pat instructions for the most part.

The first week of January might very well see a rehearsed rally with any new money coming in, again depending on what else happens and the temper of the volumes if any.

Risks are obviously mispriced, but the bill may not arrive at the table for a little while yet, and timing is everything.

Have a pleasant evening.