Daily Investment Interpretations
March 16, 2010
After reassuring words from the Fed, Same
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
close at 10,685.98, and
the S&P 500 jumped 8.95
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..