SP 500 and NDX Futures Daily Charts - Big Wheel Keep On Turning

The GDP estimate came in on the high side revision today showing what a marvelous recovery we are enjoying.

Too bad not much else is showing growth. Maybe this is one of those recoveries that is localized to the well-to-do.

The market is drifting higher on low volumes, and do not expect tomorrow to be much different 'unless something happens.

Have a pleasant evening.

 

 

 

 

 

 

Gold Daily and Silver Weekly Charts - Quiet Options Expiration on the Comex

Today was the last option expiration for 2014 Comex precious metal options.

Gold and silver were under slight pressure most of the day, but closed largely unchanged. Gold was down about five dollars while silver was up a penny.

Let's see how the trade winds down this week.

A nor'easter is expected to work its way up the east coast of the US this week. There is some uncertainly but we may be seeing a substantial winter storm in the New Jersey-New York-New England area on Wednesday, so I would expect the adults to leave on Tuesday for a long holiday weekend. The Wednesday before Thanksgiving is the biggest travel day of the year.

Have a pleasant evening.

 

 

 

 

SP 500 and NDX Futures Daily Charts

Lack of hard economic data and a light holiday week trade had stocks drifting with an upward bias.

The second estimate of 3Q GDP will be given tomorrow.

The grand jury decision in the police shooting of Michael Brown should be released shortly.

Have a pleasant evening.