Mid-Session Market Comment 03-20-2014

Major U.S. market indices opened with small losses this morning, they have been going back up and are now having  moderate gains. Since tomorrow is the last trading day for March stock index futures, stock index options, stock futures and stock options, the stock market may be affected by artificial manipulation which may cause irregular fluctuations. However, the Fed may raise interest rates sooner than expected and ​​President Obama signed authorization for a  series of new sanctions against Russia this morning should have negative impact on the stock market. Technically, the Dow found support near its 50 day moving average at 16133 and is bouncing but may find resistance at 16370. Since there is no significant good news in sight as trigger to make new high, the odd of the market coming down and correct is still high.