Daily Investment Interpretations

April 15, 2010

2010-4-15:  The markets eked out uneven gains today.  The NASDAQ Composite added 10.03 points, (0.43%) to close at 2,515.69, the Dow sidled up 21.46 points (0.19%), to 11,144.57, and the S&P 500 added a meager 1.02 points (0.08%) to close at 1,211.67. Oil moved down slightly to $85.23 a barrel, while Gold ended at $1,159. The VIX rose a trifle to 15.89.
    The markets fell this morning after am unexpected rise in the unemployment rate, but this may have arisen because of the Easter holiday: Jobless claims up in second straight increase.
    Peter Brimelow observes that Sound advice was sound. ("Sound Advice" is the name of an investment advisory firm.)

    Kevin Marder advises: Ignore the technical market at your peril
   
Tracking the VIX suggests that the behavior of the VIX (Volatility Index) isn't typical of a market top.
    Market futures are down significantly tonight (0.33%)  Google and Advanced Micro Devices have disappointed: Google tumbles; AMD falls after reports.
    Two other interesting news releases are A new order of the ages?, and Can Republicans remain the Party of 'No'? (video).
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