Daily Investment Interpretations

December 21, 2009

2009-12-21: The market rose somewhat today. The NASDAQ Composite vaulted 22.87 points, (1.45%) to end at 2,211.69, the Dow minced up 20.63 points (0.2%) to close at 10,328.89, and the S&P 500 added 6.39 points (0.58%) to 1,102.47. Oil rose a little to $73.05 a barrel. Gold advanced $5 to $1,112. The VIX declined 0.83 to 21.68.  
    Basically, everything that happened today and for the past few days is said to be tied to options expiration and hedge fund managers. In the meantime, volume is dropping as we head toward Christmas week.
    Trading is still range-bound, and over an extended period of time.