Wednesday, February 07, 2007
Struggling for movement
Not much happended yesterday. The SPX struggled all day slightly in the red and then limped in with a gain of just 1.01 points to finish on 1,448.00.
We are still in the green and still looking ideally for some movement down.
Maybe oil prices can help us out. They have been bouncing against a resistance price of $60 per barrel for the last few days. Any piercing of the $60 price will put a sour note on the markets and will probably send them down.
Not much news on tap today so oil prices will be the focus.
Until next time.
We are still in the green and still looking ideally for some movement down.
Maybe oil prices can help us out. They have been bouncing against a resistance price of $60 per barrel for the last few days. Any piercing of the $60 price will put a sour note on the markets and will probably send them down.
Not much news on tap today so oil prices will be the focus.
Until next time.
# posted by Paul @ 5:02 AM 
