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Market Talk February 17th, 2016

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Lobo
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Market Talk February 17th, 2016

Post by Lobo on Wed 17 Feb 2016, 10:26 pm


 
The US stock market closed more than 1.5% up on Wednesday posting a three-day gain helped by some recovery in oil prices and encouraging economic data. We now need to move higher beyond a three day rally to suggest this is more than a reaction. The markets are clearly shifting. Gold managed to close slightly positive but support is rapidly rising. Our opening number for tomorrow is 1199.50 and a closing beneath that will warn that a retest of key support will unfold. Our opening number in the Euro lies at 1.1058 and the market continues to look negative. In the Dow, our opening number for tomorrow will be 16707.90.
https://www.armstrongeconomics.com/market-talk/market-talk-february-17th-2016/

    Current date/time is Tue 24 Jan 2017, 3:20 pm