The events in Europe has not deterred the slow uptrend in the US stock market. The profit-taking appears to be occurring in the early part of the day followed by slow buying. Continue to stay predominately long with the expectation of some profit-taking very soon. Crude oil prices are maintaining their uptrend and gold prices picked up strength due to the Belgium situation.
March 22nd Daily Market Comments
The events in Europe has not deterred the slow uptrend in the US stock market. The profit-taking appears to be occurring in the early part of the day followed by slow buying. Continue to stay predominately long with the expectation of some profit-taking very soon. Crude oil prices are maintaining their uptrend and gold prices picked up strength due to the Belgium situation.