Written by GaryUS averages closed down reversing the morning opening numbers, souring investors hope for reversing Fed’s tightening cycle it began in December. Crude continued to slip and settled in the lower 27’s as the US dollar closed lower in the high95. Several short-term indicators are pointing to an up session tomorrow.

Source: 10Feb2016 Market Close: U.S. Averages Gave Up Gains In Late Afternoon Trading As Oil and US Dollar Continue To Slip, The Fed Is Not Likely To Reverse Tightening Controls