Daily Investment Interpretations
April 12, 2010
markets inched a little higher: Dow industrials to 11,000, Stores signal shoppers are back in malls.
The NASDAQ Composite added 3.82
to close at 2,457.87, the Dow sidled up 9.07
to close above 11,000,
at 11,006.42, and
the S&P 500 acdded
closing at 1,196.48. Oil retreated to $84.27 a barrel,
while Gold closed down slightly at $1,157.
The VIX moved down 0.56
to close at 15.58.
Tomorrow is "Turnaround Tuesday", and stocks are down a bit tonight.
The market indices are close to their upper trend lines. My investment advisory service is primed for a reversal, but that hasn't happened yet, and until it does, the servide' advice will be to stay fully invested.
Earnings season began with Alcoa's report after today's close. Alcoa's earnings weren't as bad as expected, but they weren't terribly good, either. There may be a bit of hesitation over the next few days.
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