Daily Investment Interpretations

June 12, 2009

2009-6-12:  Today was another tug-of-war day, with the markets marching in place.  
     The
NASDAQ Composite retreated 4 points (-0.19%) to 1,858.80, the Dow rose 28.34 points (0.32%) to 8,799.26, and the S&P 500 increased 1.32 points (014%) to close at 946.21 As mentioned above, Oil fell 0.69 to  $71.35 a barrel, while gold dropped $21 to 941. The VIX was basically unchanged at  28.15.
    After breaking out on the upside toward the end of May, the market indices have traced out a rare plateau of closing prices, trading in an uncommonly narrow range since the 1st of June.