Monday, February 17, 2014

Market Conditions 02-17-2014

Pacific Time 3:17PM

US stock market is closed for president's day today. Asian  markets are mostly up while European markets closed mixed. Crude oil is up $0.62 to $100.92 per barrel while gold is up $10.40 to $1329 per ounce. Early S&P 500 future is up 1point.

Technically, the Dow, Nasdaq and S&P 500 are all recovered above their 50 day moving averages and their trends are up. The S&P 500 is about 12points to 1850 all time high. The recent impressive rally is likely to continue and takes S&P 500 to new high.

Influential event will likely be Wednesday's FOMC meeting minutes.

Notable earnings this weeks are :Tuesday's KO and HLF, Wednesday's TSLA, Thursday's WMT, HPQ, PCLN and GRPN.




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