16Jul2015 Market Close: Markets Close Higher, Nasdaq Near Historic High And Oil Easing Down Through Support
Written by Gary
U.S. averages melted higher today as U.S. stocks climbed following a batch of upbeat earnings reports and as Greece's Parliament passed austerity measures needed to secure a fresh bailout.
Short-term indicators are leaning heavily towards 'bearish' conditions while the U.S. dollar flirts with busting through it resistance which is also bearish.
Todays S&P 500 Chart
The market rose broadly in afternoon trading after several big companies, including EBay and Citi, reported better-than-expected earnings.
The Nasdaq up 1.26 percent closing near its record high while WTI oil closed below its support.
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