Wednesday, March 5, 2014

Mid-Session Market Comment 03-05-2014

Major U.S. stock market indices opened slightly down this morning , they have been trading within a narrow range and are now trading mixed. Markets are steady as situation in Ukraine is calm. Technically,  S & P 500, after yesterday's record high may lead the Dow to challenge its new high level near term. Dow is about  a little more than 200 points to its new high . However, the situation in Ukraine still need to be settled and this Friday's influential employment data may change things quickly, investors should remain cautiously optimistic. Dow support is 16163, 16400 and resistance is historically high 16,588.


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