Daily Investment Interpretations

July 13, 2009

2009-7-13:  The markets rose today by leaps and bounds. The NASDAQ Composite rose 37.18 points (2.12%) to 1,793.21, the Dow shed  185.16 points (2.27%) to close at 8,331.68, and the S&P 500 took on 21.92 points (2.49%) to end at 901.05  Oil inched up to $59.98 a barrel, while gold dropped $10 to $923. The VIX declined 2.71 to 26.31.
    Both my investment advisory services are warning that this is a treacherous marketplace, and that today's rally is no guarantee of a renewed uptrend. In the meantime, the Halter China Index, .HXC, remains below its 50-day moving average, which is flat, and could at any time, begin to bend down.