S&P equity futures followed Asian and European stocks lower, driven by weakness in Franch and Italian markets, as French political concerns returned; the pound tumbled after UK monthly retail sales unexpectedly dropped pushing the dollar higher and Euro lower.
Via Dana Lyons' Tumblr,
The Nasdaq 100 rally is arguably extended now, based on the utilization of this charting analysis.
Plunging volume and narrowing breadth among the most popular exchange-traded funds indicates U.S. stocks are peaking, according to Tom McClellan, editor of the McClellan Market Report.
As Nasdaq 100 ETF QQQ has soatred post-election, volume has cratered...
Via Dana Lyons' Tumblr,
Despite the major averages’ continued drift near all-time highs, volume moving into advancing stocks has been historically light.
European shares and S&P futures fell amid mixed earnings from corporate heavyweights, while Asian stocks were fractionally higher. The dollar slump continued against all its major peers after the Federal Reserve gave dollar bulls little to be optimistic about. The U.S. currency dropped toward the lowest close since November after the Fed reiterated its intention on Wednesday to lift rates only gradually.