Daily Investment Interpretations
June 1, 2010
Stocks nose-dived today.
The NASDAQ Composite pulled back 34.71
to 2,222.33, the Dow dipped 112.61
to close at 10,024.02,
and the S&P 500 swooned
to end at 1,070.71.
Oil fell $1.27, closing at $72.20
a barrel, while Gold climbed to $1,227. The VIX rose
My investment advisory service sent a "sell" signal today, after registering a slight gain. Stocks may be building a base for further advances, since they're still above last Wednesday's close of 1,068, but there's no assurance of that.
This article, Bleak picture, tracks the idea that we're in a secular bear market that should end in the 2014-2018 time frame.
Michael Ashbaugh notes that the markets are moving down: S&P 500 fails first test of 200-day moving average, according to Michael Ashbaugh.
Mark Hulbert shows that Those suspicious late-day reversals are about par for the course.
Paul Farrell writes: American investors: predictably stupid
Mark Hulbert, Michael Ashbaugh, Jim Lowell, and Thomas Kee "guide you off the hot seat in June with trading tips for this still-volatile environment": See the full special report.
Market futures are up a tad tonight.