By Chris Becker
No bad news is good news as US stocks swung overnight but finally closed in the green, buoyed somewhat by a solid February durable goods order and lack of tweets from the Tweeter in Chief. Anticipation of reopening Chinese markets today, plus the release of FOMC Minutes plus the Chimerica talks starting Thursday are keeping the bears from pulling their sell triggers.
Yesterday, Japanese stocks were pushed down by a resurgent Yen during the Asian session. The Nikkei closed down nearly 1% lower to 18800 points falling through its key support level on the daily chart. Futures are suggesting a modest open this morning as Yen was sold off slightly against USD overnight, but its nowhere near out of the woods here:
