Wednesday, January 18, 2012

SP 500 and NDX Futures Daily Charts



Markets are overbought but volumes are light.

Only 47% of firms are beating their numbers this earnings season so far according to Bloomberg.

Notice the tight uptrending channels on the charts. This looks like a 'market operation.' Try not to get in front of it, but choose your positions wisely and plan for the worst.

The low VIX gives traders a freer hand to play their games. But make

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