Daily Investment Interpretations

April 13, 2011

2011-4-13 (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 climbed 16.73 points (0.61%) to 2,761.52. The Dow popped 7.41 points (0.06%) to close at 12,270.99, while the S&P 500 gained 0.25 points (0.02%) to close at: 1,314.41. Oil rose slightly to $107.23, while Gold tiptoed up to $1,457 The VIX fell 0.17 to  16.92. 
     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.