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SP 500 and NDX Futures Daily Charts - Smells Like Teen Spirit

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Jesse
Le Cafe Americain
Published : January 23rd, 2014
138 words - Reading time : less than a minute
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Category : GoldWire

I get the sense that the wiseguys would like to execute a strong 'wash and rinse,' but the Fed wishes to see a steadily rising market to bring that wonderful confidence in their policies to bear on the political landscape.

For now we are in a clear trading range for most of 2014, the usual sort of gentle 'wax on, wax off' that keeps the punters piling into hot stocks and nekkid ETFs, where they slowly die by a thousand cuts.

This is a light economic news week, but the earnings just keep on coming.

Icahn is running some gambit with Ebay and Paypal, and this provides some substance for the financeTV pom-pom queens, since NFLX is running a bit tired, even with a gungho after hours pop of sorts on their 'good news.'

Have a pleasant evening.
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