Tuesday, August 27, 2013

NDX100 'PC' retest of the High fails with a poor Close Monday.

NDX100 Daily Chart @ Close 08/26/2013
Microsoft's 'assist' in testing the recent 100 Highs now appears to have 'failed' with an 'unch'ed' Close Monday.
Emerging Market risks coincident with weak US Data @ the margin does NOT seem like the right conditions for any notion of QE 'tapering'?
An overdue rally in US Treasuries is likely underway; equities not far behind & the US$ perhaps @ the mercy of the Gold 'faithful' for a change?