By Chris Becker
Oils up. Bonds down. Earnings good. USD down – oh yeah. Stocks up – and up! Fed plays in the corner….the FOMC meeting came and went with almost no concern about inflation keeping interest rates steady. This sent most stocks higher, combined with a rally in commodity prices, as the Aussie dollar burst through 80 cents and the Euro made a new high against USD.
Yesterday in mainland China the Shanghai Composite finished up only 4 points higher after a very steady trading session, to 3247, still above previous resistance, now support at 3200 points.. The next target remains the resistance level at the 3300 point mark, but probably no higher:
