WEEKLY MARKET DIGEST: NEW OPPORTUNITIES FROM EARNINGS SEASON AHEAD, INTEREST RATES ARE FALLING $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
SHORT COVERING BEFORE THE LONG WEEKEND, GOLD MOVES HIGHER
January 17, 2014
Expect a fair amount of short covering before the long weekend. Short covering is helping prop up the stock market.
December Housing Starts came at 999K vs. 986K consensus.
December Building Permits came at 986K vs. 1000K consensus.
Gold is attempting a strong rally this morning in response to housing starts and build permit numbers.
Oil is going higher and will meet stiff resistance around $95.… Please click here or the title below to read more.
January 17, 2014