23 February 2015

SP 500 and NDX Futures Daily Charts - Back to the Bubble with Nasdaq 5,000

The big tickle today was 'Nasdaq 5000' with the cash Nas around the 4960 area.

The tech heavy Nas was leading the way higher today, and traders are pushing it to squeeze the shorts.

It is a bubble, it will eventually collapse, the Fed and the Wall Street courtiers know it, but don't care.

This is the entitled triumph of the 'careless few.'

Have a pleasant evening.