Daily Investment Interpretations

July 15, 2010

2010-7-15:  After spending most of the day in bear country, market indices climbed in the last half hour to a mixed close: Worries weigh on stocks. (Tomorrow is an options expiration day).  The NASDAQ Composite gave up 0.76 points (-0.76%) to finish at 2249.08. The Dow dipped 7.41 points (-0.07%) to close  at 10,359.31, and the S&P 500 added 1.31 points (0.12%) to end at 1,096.48. Oil was unchanged at $76.89 a barrel, while Gold ended at $1,208. The VIX added 0.25 to 25.14.
    Meanwhile, in the interest of confusing investors, Tomi Kilgore writes, Don't be fooled by another breakout. In that pessimistic vein, U.S. factories slow down, and  U.S. stocks drop along with views of recovery, while on the other hand: An optimistic view from MAPI dataIndustrial output rises 0.1%, Initial jobless claims fall, and June's core PPI rate increases 0.1%. Welcome to the Tower of Babble!
    My investment advisory service welcomes a pullback in order to relieve a short-term overbought condition.
    Here are two articles abut China: China's economy on course for 'soft-landing' and Double-digit growth may end for a while.
    Stock market future are neutral tonight.