Friday, February 16–Jim Wyckoff’s Morning Markets Report
Global stock markets were mostly higher overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. The U.S. stock indexes have now regained all or most of last week’s strong losses.
China and other Asian markets were closed Friday for the Lunar New Year holiday.
The key outside markets on Friday morning see the U.S. dollar index firmer on a tepid rebound from this week’s strong selling pressure. Meantime, Nymex crude oil prices are near steady and trading around $61.50 a barrel.