Daily Investment Interpretations

February 3, 2010

2010-2-3:  The markets were mixed today.. The NASDAQ Composite rose 0.85 points, (0.04%) to close at 2,190.91, the Dow dropped 26.3 points (-0.26%) to close at 10,270.55, and the S&P 500 lost 6.04 points (-0.55%) to close down at 1,097.28. Oil was little-changed at $76.83 a barrel. Gold ended at $1,112. The VIX climbed 0.12 to 21.60.
    Why did the markets pause today? U.S. stocks snap win-streak as health shares drop, Planned layoffs rise for first time since July, and Wall Street counting down to Friday's jobs report. 
    Todd Harrison is sticking by his guns that a day of reckoning is still coming: Welcome to the politics of policy.
    My investment service is still awaiting a decisive break above resistance levels before re-committing to putting money back (long) into the stock market.
     Stock market futures are neutral again tonight.