Daily Investment Interpretations
March 2, 2010
It's "Turnaround Tuesday", and the markets have all but done
that. The NASDAQ Composite laid on 7.22
to close at 2,280.79, the Dow squeaked up 2.19
close at 10,405.98, and
the S&P 500 crawled up 2.6
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
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.