Daily Investment Interpretations

June 2, 2010

2010-6-2:  Stocks jumped more than 2% today. The NASDAQ Composite galloped 58.74 points uphill (2.64%) to 2,281.07, the Dow rose 225.52 points (2.25%) to close at 10,249.54, and the S&P 500 annexed  27.67 points (2.58%) to end at 1,098.38. Oil fell $0.85, closing at $73.43 a barrel, while Gold fell $1 to $1,227. The VIX dropped 5.37 to 30.17.
    My investment advisory service is, of course, maintaining its "sell" signal. The S&P 500 penetrated its first lie of resistance at 1090, but still faces its next line of resistance at 1,105.
    Mark Hulbert presents the Outlook for the 10-year Treasury yield.
    The 'mac daddy' of economic indicators identifies those economic indicators that have predictive power for the equity markets.

    Stock market futures are up modestly tonight.