Stocks Are Going Higher and Oil is Going Lower?

In the short-term this might be true for the stock market, both S&P and Nasdaq broke out. I think it is possible to see S&P up to 1500 and Nasdaq up to 3000 however only in the short term (3 months) though. After that I don’t see much evidence of economic growth to push the stock market higher…unless U.S Fed , Bernanke prints more digital money out of thin air.

As for oil it is highly unpredictable, short-term might go up, but if the U.S economy slows down near the third quarter of 2011, it can take oil demand and oil price down with it. Quite hard to trade.

Please read my disclaimer.

This entry was posted on Saturday, April 30th, 2011 at 3:43 pm and is filed under Economy, Technical Analysis, Videos. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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