Daily Investment Interpretations

December 14, 2009

2009-12-14: All three indices closed today at their highest levels for the year. The NASDAQ Composite surgeded`21.79 points, (0.99%) to end at 2,212.10, the Dow gained 29.55 points (0.28%) to close at 10,501.05, and the S&P 500 climbed 7.7 points (0.7%) to 1,114.11. Oil was unchanged at $69.86 a barrel, while gold rose slightly to $1,124. The VIX dropped 0.44 to 21.15.  
    The question before us now is that of whether this is a breakout or a fake-out. The markets will have to move a few more points higher before we'll know.
    Marketwatch's Peter Brimelow offers Aden sisters warn of market 'breathers'.