Daily Investment Interpretations
April 4, 2011
(Monday Night): The
markets ended the day about where they started. The NASDAQ Composite declined
a negligible 0.41
to 2,789.19: Nasdaq ends win streak. The Dow increased
to close at 12,400.03, while the S&P 500 gained
a paltry 0.46 points (0.03%)
to close at: 1,332.87. Oil bid the day adieu at $108241 a
barrel, while Gold vamoosed at $1,438. The VIX
points to 17.50..
The indices are facing major resistance as they approach their pre-correction highs. There's still the possibility that they could retreat from their current levels and slide to new lows. But it's time for a pause, if not a brief pullback, or a sideways consolidation..
Fed chairman Bernanke stated today that the current bout of incipient inflation will prove "transitory".
Stock market futures are down a bit tonight.