Keys To This Week: The US Stock Market
Posted on: Monday, February 1st, 2016
The following is a brief excerpt from this morning’s Keys To this Week report for the US stock market, one of many different reports that Asbury Research subscribers receive throughout the month.
Keys To This Week includes 10 key market factors that are most likely to influence the US stock market over the next one to several weeks. Key #9 of 10 of this week’s report, with the accompanying chart, appears below.
Key #9 of 10> Intermarket Relationships: Crude Oil Prices. NEAR TERM BULLISH.
Chart 5 below shows that spot West Texas Intermediate crude oil prices tested and rebounded last week from underlying support at their $28.10 per barrel December 1996 high, trading as low as $28.35 before finishing the week at $33.67. The tight positive correlation between oil prices and the S&P 500 since December suggests that as long as $28.10 holds as support, last week’s US stock market rally is likely to continue.
from the February 1st 2016 Keys To This Week report
Asbury Research subscribers can view the entire report by logging into the Research Center via
the big gold button in the upper right corner of the screen.
Interested investors can request more information about us, including services and pricing, by visiting
our Contact Us page or by calling 888-960-0005.
All Contents © Copyright 2005-2017 Asbury Research LLC. The contents of all material available on this Internet site are copyrighted by Asbury Research LLC. unless otherwise indicated. All rights are reserved by Asbury Research LLC., and content may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of Asbury Research LLC., or as indicated below. Members of Asbury Research LLC. may download or print web pages for personal or academic use, consistent with their user agreement. However, no part of such content may be otherwise or subsequently reproduced, downloaded, disseminated, published, or transferred, in any form or by any means, except with the prior written permission of and with express attribution to Asbury Research LLC. Copyright infringement is a violation of federal law subject to criminal and civil penalties.