Daily Investment Interpretations

March 31, 2010

2010-3-31:  The markets fell somewhat today: ADP data reflect continued U.S. job losses. The NASDAQ Composite gave back 12.73 points, (-0.53%) to close at 2,397.96 , the Dow shed 50.79 points (-0.47%) to close at 10,856.63 (Dow creeps toward 11,000)and the S&P 500, declined 3.84 points (-0.33%), closed at 1,169.43. Oil fell slightly to $83.33 a barrel, while Gold rose to $1,114. The VIX increased 0.46 to close at 17.59.
This S&P 500 article, 'Way too late to chase the market,' S&P says, sets a 2010 year-end goal for the S&P 500 of 1,215. Since it recently reached 1,180, that doesn't look like much of a prospect for the year. My investment advisory service is ready to reverse course at any time, but is still registering strong intermediate-term upward momentum. Stay tuned.
    Stock market futures are mixed tonight.