Daily Investment Interpretations
April 13, 2011
(Wednesday Night): Today's Dow and
S&P market profiles looked a lot like yesterday's market profiles, although
they were all up for the day. (The NASDAQ was up substantially all day.) So far,
the Dow and S&P 500 have bounced off their resistance levels. The NASDAQ Composite
to 2,761.52. The Dow popped 7.41
to close at 12,270.99, while the S&P 500 gained
to close at: 1,314.41. Oil rose slightly to $107.23, while Gold
tiptoed up to $1,457 The VIX fell 0.17
One of the more interesting articles tonight is The Valuation Debate- Pick Your Side. This article rebuts Mark Hulbert's article last night, History bodes ill for stock market, that argued that stocks are overvalued. In another article, Are They Real-, David Moenning asks whether the fears drawing down the markets are realistic.
Robert Powell observes that there's No room for error in earnings season.
Market futures are neutral-to-slightly-down tonight.