SP 500 and NDX Futures Daily Charts - Why Is This Market Like Every Other Market?

The markets today were marked by thin volume and largely artificial intra-day price movements. Traders were squaring off ahead of the three day weekend so there was a slight downward bias except in tech, which was cheered by the awarding of the Facebook IPO to the NASDAQ, and of course, perpetual Apple-mania.

Cautionary words about Europe and the upcoming earnings season had the markets on