sp'weekly8
Summary
So, a moderately higher Tuesday close for the sp'500, and we remain within easy range of breaking into new historic territory.
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Oil breaking higher on geo-political concerns?
It could be argued for pages, but many are starting to agree that Oil is getting pushed higher by the growing civil unrest in a great many countries.
WTIC, weekly
Today's break to $103 was kinda significant, and bodes for at least 105/07 in the next few days. Things really only get interesting though if we get a few daily closes >$110.
Looking ahead
Wednesday has Producer prices and housing starts. However, more importantly, there is the latest Fed minutes - due 2pm. There are two fed officials on the loose, and as ever..any comments they make might nudge the market.
*next sig' QE is not until Thursday
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A pretty tedious day to start the week. I'm tired, is it the weekend yet?
Goodnight from London