SP 500 and NDX Futures Daily Charts - Fraud Will Continue Until Confidence Returns by Jesse

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SP 500 and NDX Futures Daily Charts - Fraud Will Continue Until Confidence Returns

by Jesse - Le Cafe Americain

Published : January 27th, 2013

123 words - Reading time : less than a minute

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Keywords : Gold | Hedge | Recovery |


	I would be very careful about getting in front of this market while volumes remain low and the Fed keeps puffing up the banks with easy money. The fairy tale being told is that the recovery has the market giddy, so it is exiting safe havens (like gold of course) and seeking risk plays for more upside. Volumes remain thin and there is the tell. There is also a divergence between the SP futures and Tech 100. Next week there are more Treasuries coming to market so we might see a pause, but this will not be safe to short except as a hedge on longs until there is a clear trend break. No need to be greedy. Wait for things to develop.

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