15 November 2016

SP 500 and NDX Futures Daily Charts - Stock Option Expiration This Friday

As a reminder there is a stock option expiration at the end of this week.

The stock market has been buoyed by whomever, for whatever reasons,  since the Trump election last week.

I suspect that it will be running out of gas, about now.  But let's wait to see it reach its apogee.

There are some big changes, and likely some shocks coming.  

Not a good time for the Fed, which has been in the long term confidence, bubble-blowing game far too many years now.

Let's allow Trump to show his true colours in his appointments.  I am trying to ignore most of the rumours, some of which are calculated to alarm people perhaps.

Have a pleasant evening.