Stocks Rally After Falling to Price-Support Levels; Oil Rebounds

January 16, 2015

The major U.S. stock market indices rallied today after falling to price-support levels on Wednesday and Thursday. A rebound in oil prices added to today's gains, with futures contracts on West Texas Intermediate Crude Oil rising by 5.3%, as compared to the prior day.

 

Meanwhile, the economic sentiment of American households rose during the first half of January to the highest level since January 2004, and the economic expectations of small U.S. businesses rose during December to the highest level since October 2006.

With the employment situation the United States improving substantially over the past two months ... Continue Reading(More News Below).

 

01/11/15: Our research indicates that U.S. stocks will stabilize by the end of the coming week after pulling back further over the next few days.

Enter your name and email address in the form above to continue reading and to receive our FREE Weekly Commentaries!

Stocks Rally After Falling to Price-Support Levels; Oil Rebounds

01/16/15: The major U.S. stock market indices rallied today after falling to price-support levels on Wednesday and Thursday. A rebound in oil prices added to today's gains, with futures contracts on West Texas Intermediate Crude Oil rising by 5.3%, as compared to the prior day.

Read more...

Strong November Retail Sales Suggest Stocks Will Continue to Trend Higher

12/12/14: The U.S. Department of Commerce reported yesterday that sales at U.S. retail outlets rose considerably during November in spite of weak sales at brick and mortar stores over the Thanksgiving weekend. That report follows a strong employment report issued last Friday by the U.S. Department of Commerce.

Read more...