02 November 2016

SP 500 and NDX Futures Daily Charts - Sixteen Tons

Election and geo-political jitters still had stocks slump for yet another day as even a largely dovish sounding statement from the FOMC could not cheer the markets.

The selling is starting to look a little overdone for the short term, and VIX seems a bit 'peaky.'

Facebook beat their numbers after the bell. And the market greeted the news with yawns, focusing on one of the mobile numbers apparently.

Fitbit posted a big loss and lower guidance, and the stock was being monkey-hammered after hours.

Let's see what happens.

Have a pleasant evening.