S&P 500 Bulls Waking Up

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Some S&P 500 buying emerged finally, and not even Netflix Inc (NASDAQ:NFLX) earnings ushered in a significant move either way. This summary of four key ES_F levels for today, holds true – I‘m not expecting a sizable move in stocks on this options expiry Friday – that would happen next week and especially as we approach Jan FOMC with the newly even more favored 25bp over 50bp as per futures markets. Make no mistake though, the headwinds are to intensify as the recessionary pressures grow in intensity in the months ahead. See earnings and profit margins in the context of strong job market and co…

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