Daily Investment Interpretations

October 2, 2009


2009-10-2:  The market indices eroded slightly further today. The NASDAQ Composite shrank 9.37 points, (-0.46%) to end at 2,048.11, the Dow dipped 21.61 points (-0.23%) to finish at 9,487.67 and the S&P 500 gave up 4.64 points (-0.45%) to end at 1,025,21. Oil ended at $69.68 a barrel, while gold rose a little to $1,004. The VIX climbed to 28.68.
    The Dow and the S&P 500 penetrated their 50-day moving averages, but closed marginally above them.
So far, the Top Stock Portfolios haven't issued a "sell" signal, although a "sell" signal is at the ready if the markets deteriorate further next week.