Any One Else Left Guessing What Monday Has In Store For Us?

March 16th, 2012
in Gary's blogging, market close

Well this was a lackluster day that had no surprises, but no clues to is going to what is going to on happen Monday either.

It would appear the the 500 has met its resistance of 1400 like a boulder in the road with no apparent path around it. I mentioned earlier that the longer a market moves sideways the more pronounced the break out move tends to be. Let's hope Monday is kind to us.

The Russell 2000 never went above 833 and that is a must for the large caps to continue.

The 500 closed more or less where it started out.

The DOW also didn't make any spectacular moves either.

The Index are here for you to review, but other than the airlines leading the downside I don't have much to offer.

Gold closed at 1659.23, WTI oil up a point to 107.24 and Brent at 107.61. What a way to start the weekend if you actually traded something  - good luck with the bet.  The odds in Nevada will probably give you better results. All for today, see everyone Monday.

Written by Gary

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved