Archives of “March 2, 2019” day

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Crude oil futures are settling at $55.80 for the day/week.

  
Analysis, Crude

Down on the week

The price of crude oil futures are settling at $55.80 for the day/week. That is down $1.42 or 2.48%. For the week, the price is down from last week’s close at $57.26 which is about the amount of the decline today.
The high for the week reached was reached today at $57.88. The low was at $55.02 reached on Tuesday.  Technically, the price this week traded above and below its 100 day MA- currently at $56.05 (blue line in the chart below).  Today’s move kicked the pair below that level.
Crude oil is settling down on the day and the week

US stocks close with solid gains on the day

  
Analysis, US Market

Nasday up for the 10th week in a row

The US stock market is closed for the week. The S&P is up for the 4th day in a row.  The S&P has had the best start to the year since 1991 after last years decline. The Nasdaq’s rise is the longest winning streak since late 1999.
The final numbers are showing:
  • TheS&P is closing up 19.28 points or 0.65% at 2803.77
  • The NASDAQ is closing up 62.82 points or 0.83% at 7595.35
  • The Dow industrial average is closing up 110.32 points or 0.43% at 26026.32
For the week, the major indices were mixed
  • The S&P index rose by 0.39%
  • The NASDAQ index rose by 0.90%
  • The Dow closed near unchanged at -0.02%
The Dow’s fall was the first after 9 straight weeks of increases.
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