The Fred Report - Mid Week Update March 9, 2016
Stocks have moved down to the198 area, and below 198 would set up a move to 196 then 189, the level the market should hold if this rally is to be a bull move. We remain with a defensive outlook for conservative players – but the tone of the market is improving and things look better. Oil is struggling with the resistance in the 38 – 40 range. It could test the 40-area but then would probably pull back.
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