Daily Investment Interpretations

July 17, 2008

2008-7-17:  Today saw further market gains as the S&P rose 15 points to close at 1,260, the Nasdaq Composite added 27.45 points to reach 2,312.30, and the Dow climbed 207.38 points to close at 11,446.66. Trader Extraordinaire Todd Harrison expects this to be a significant rally: "Future is now, writes Todd Harrison". The VIX closed the day at 25. The charts look a bit like the January and March rallies. Of course, the best outcomes occur when the majority least expects it. (The March rally ended in May when the VIX fell to 16.)