SP 500 And NDX Futures Daily Charts – Going Nowhere Man

Stocks were struggling to go green (again) all day.

After the bell Yahoo missed earnings and revenues and Chipotle was not looking robust either, especially with a miss on the bottom line.

I am mostly in cash here with a light short position, waiting to see if stocks can move higher or will start rolling over. They seem overvalued here, especially in light of a slowing US and global economy.

Have a pleasant evening.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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