April 23, 2009
The indices rose a little, with the NASDAQ Composite up 6.09
to end the day at 1,652.
to close at 7,957,
and the S&P 500 slipped 8.37
points (0.99%) to 852.
Oil jrose slightly to $49.30, while gold jumped $14.10
to finish at $906.60. The VIX fell 0.95
The indices are in a trading range right now,
consolidating their recent advances. However, more than one technical
analyst in Minyanville is raising a technical storm warning for the
markets, MV Weather
ReportL Severe Storm Warning for Markets? and New Bull Market Is, Well, Bull.
This next article is upbeat: The End of the
Crisis: Are We There Yet?, but this article, The Next Great
Bubble: China, is, I'm afraid, a wake-up call. I don't have time
tonight to do this topic justice, but I'll try to tackle it over the