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16Mar2015 Market Close: DOW Up. WTI And Brent Oil Trending Up. U.S. Dollar Weakens
Written by Gary
The averages slowly melted upward on sometime anemic volume, appears the MIC’s (Manipulators In Charge) are setting the ‘Sheeples’ up for a fleecing ahead of the FOMC meeting in which the single largest change will a change of the wording explaining why they can’t do a raise hike in June. Gold appears to be at a support ~1150 neither going up or down, but needs to be watched.
The oils mostly meandered neutral having dipped earlier in the session then trended up fractionally recovering some losses.
By 4 pm the averages were still climbing, albeit slowly on low to moderate volume. The DOW closed up at 228 (+1.29%), the SP500 closed up +1.35% and the Nasdaq closed up +1.19%, not bad for a lazy day on Wall Street. However, main short term indicators are very bearish, also need to be watched.
Source: http://econintersect.com/pages/market/market.php?post=201503162337
