Daily Investment Interpretations

September 4, 2009

2009-9-4:  The markets have jumped again today. The NASDAQ Composite rose 35.58 points, (1.79%) to end at 2,018.78, the Dow climbed 96.66 points (1.03%) to finish at 9,441.27 and the S&P 500 shot up 13.16 points (1.31%) to end at 1,016.40. Oil was little-changed at $67.79 a barrel, while gold moved down $1 to $997. The VIX moved down 1.84 to 25.26.
    There was heavy buying in the last few minutes, although with little effect upon the markets.
    My technical advisory service is still entirely into holding cash or shorting the markets. My technical advisory service has observed that the trading day before Labor Day is generally an up day, while the day after Labor Day is usually a down day.