24 November 2015

SP 500 and NDX Futures Daily Charts - Traditional Thanksgiving Week Rally And More War, Huzzah!

"War against a foreign country only happens when the moneyed classes think they are going to profit from it."

George Orwell

As you may have heard, Turkey shot down a Russian jet on the Syria/Turkey border.

Turkish Syrian freedom fighters then shot the Russian pilots as they descended on parachutes, and also shot down a Russian rescue helicopter that came to search for them.

Stock shrugged this news and some fairly spirit dampening economic news, and managed to shake off deep losses to finish largely unchanged with a slight gain in the lead sled dog SP futures.

No one can say that anything can dampen the traditional Thanksgiving Week rally on Wall Street. Especially when the volumes are light, and the algos are determined to push equities up by buying the SP futures and a few key bellwethers.

Have a pleasant evening.