Daily Investment Interpretations

September 15, 2009

2009-9-15:  The major market indices closed at new highs again today.. The NASDAQ Composite rose 10.86 points, (0.52%) to end at 2,102.64, the Dow added 56.61 points (0.59%) to finish at 9,683.41 and the S&P 500 added 3.29 points (0.31%) to end at 1,052.63. Oil climbed to $70.21 a barrel, while gold rose $5 to close at $1,006. The VIX lost 0.44 to 23.42.
    .Fed Chairman Bernanke announced today that the recession is over, but the recovery will be slow. The Empire State manufacturing index rose to pre-recession levels this month, and consumer confidence was better than expected.
    The stock market appears to be cresting another wave. My technical advisory service is nervously waiting to sell.