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Wall Street higher on Fed, Gold over $1740

|Includes: FXE, SPDR Gold Trust ETF (GLD), USL, USO, UUP
US stock markets closed sharply higher on tuesday 9th of August just after the Fed announcement.
Silver closed lower and Gold closed at a new high, hitting values over $1780 per ounce.
The Euro was higher by two figures vs the USD.
West Texas Intermediate Crude Oil closed higher around $82 per barrel after going under $76.

The Big Picture

On tuesday 9th of August, US stock markets closed sharply higher, with the Federal Reserve announcing that it will keep interest rates near zero at least until mid 2013 and may intervene in the markets with additional tools, altough 3 of its members disagreed.

Source: Dshort
Outlook

S&P 500 presents resistance at 1250 to 1270 points and support at 1120 to 1100 points and lower at 981 points.

Gold presents resistance at $1764 and support at $1626 to $1604.

The Euro euro presents resistance at $1,4750 and support at $1,4040 and below at $1,3730.

Crude Oil presents resistance at $102,40 to $104.


Watch top financial clips updated everyday at:   TAO Investor

Today Aug 9th video clips with: Art Cashin, El-Erian, Jim Rickards