Daily Investment Interpretations

October 19, 2009

2009-10-19:  Today, the markets have climbed to new 2009 highs. The NASDAQ Composite gained 19.52 points, (0.91%) to end at 2,176.32, the Dow rose 96.28 points (0.96%) to finish at 9,995.91, and the S&P 500 flitted up 10.23 points (0.94%) to 1,097.91. Oil ended up at $79.64 a barrel, while gold rose $7 to $1,058. The VIX rose 0.06 to 21.49.
    My technical advisory service is still partially in cash.
    After the markets closed, Apple Computer and Texas Instruments both announced earnings above estimates.
    A major hedge fund manager has placed bets on a collapse of the world's major currencies: Currency spiral. Mark Hulbert writes: Remember Black Monday.
    Market futures are pointing higher tonight... particularly, the technology-laden Nasdaq.