For the past few trading sessions, the US stock market has been stuck in a trading range. When trading ranges are “broken” markets tend to make a significant move to either the upside or downside. For now, it seems we are still stuck in a trading range as investors are waiting to see how the Libyan conflict turns out – AND if uprisings spread to more oil rich nations, like Iran and Saudi Arabia.
Check out the March podcast for more information on how Libya can become a game changer in the oil markets.
click to enlarge chart