Daily Investment Interpretations

March 16, 2010

2010-3-16:  After reassuring words from the Fed, Same rates, same wording, the markets broke through resistance levels to resume their upward course. The NASDAQ Composite advanced 15.8 points, (0.67%) to close at 2,378.01 , the Dow added 43.83 points (0.41%) to close at 10,685.98, and the S&P 500 jumped 8.95 points (0.78%) to close at 1,159.46. Only the Dow has failed to exceed its recent high, but is within spitting distance of that point (10,725). Oil closed back up at $81.76 a barrel. Gold hopped up to $1,122. The VIX fell 0.42 (exactly as much as it rose yesterday) to 17.58.  
   Michael Ashbaugh's weekly column, Mid-caps break out, S&P 500 challenging resistance,  
    Mark Hulbert warns against making sports-related investment decisions during March: It's called March Madness for a reason.
    Another article, Catching up with small caps , warns that small caps, which have done very well over the past year, probably won't outperform during 2010.
    Stock market futures are flat tonight..