Daily Investment Interpretations

March 2, 2010

2010-3-2:  It's "Turnaround Tuesday", and the markets have all but done that. The NASDAQ Composite laid on 7.22 points, (0.32%) to close at 2,280.79, the Dow squeaked up 2.19 points (0.76%) to close at 10,405.98, and the S&P 500 crawled up 2.6 points (0.23%) to close at 1,118.31. Oil closed at $79.74 a barrel. Gold surged, ending the day at $1,137. The VIX fell 0.19 to 19.07.
    Michael Ashbaugh notes that the indices have punched through their resistance levels (their 50-day moving averages): U.S. markets edge above significant resistance.
    Stock market futures are flat tonight. Other than that, there isn't much news.