The Closing Look

Stocks fell on Tuesday after the major indices rallied right into their declining 50 day moving average lines on Monday. This is a logical area of resistance and as we have mentioned a logical area for the market to encounter some trouble. Oil prices fell hard on Tuesday after Saudi Arabia said they do not plan on cutting production anytime soon.

Gary’s Thoughts:  Watch them financials…continue to act awful. Market has no chance if the head lower.