Prices
January 16, 2014
Hot Rolled Futures: Under Pressure
Written by Andre Marshall
Financial Markets:
The equities markets have stabilized after their reaction to the poor jobs number in December last week. The S+P closed at 1836 today, exactly 3 points higher than where I reported it last week. We are likely headed higher as it will take a lot more than a poor jobs report to scare the equity buyers away. They’re a committed bunch! We will bounce off resistance at 1840 possibly before heading higher to 1900.
