Thursday, December 22, 2011

SP 500 and NDX Futures Daily Charts



Like watching paint dry on a virtual house in Farmville.

The only real excitement was an announcement that SP had cut Goldman's debt rating from their web site that took the stock down. That was a disavowed a few hours later and the stock rebounded.

The NDX is lagging from the SP which has been leading the rally higher. This sort of 'broad rally' is often driven by the buying of the SP

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