Another day of poor action and volume, retreating again from Thursday’s uptick in volume to only 750 million NASDAQ shares. The whole session was a flatline except for one 10 minute spike when rumors circulated that the White House and Congress might cut a short term deal to avert the cliff. Shocking.
Net ticks: +0 ticks.
As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: