Today had begun with great hope for a rally. Stock futures moved solidly higher Sunday evening and throughout the night, showing solid gains during the European trading session. The intraday chart above shows this. However, at about 10 am EST, just 30 minutes into the trading day on the stock exchanges, stock turned south and are now in somewhat of a holding pattern. It is anyone's guess whether we will find support and rally, or if things will sour and only get worse from here.Stock market futures continue to drop lower and lower day by day. This daily chart of the S&P 500 futures shows that since the beginning of 2009, stock have slide lower with only a few brief one- or two-day rallies. It's death by a thousand cuts!
