Monday, June 18, 2012

SP 500 and NDX Futures Daily Charts - Whistling Past the Parthenon



The market rallied last night by the 'win' of the 'pro-bailout' party. It looks as though they *might* be able to form a coalition with the center-socialist party at least on the assumption that the bailout can be renegotiated.

So the market came in ready for a rally that quickly evaporated, although stocks were able to finish unchanged.

The key news today is that NYSE volume was only about

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