Daily Investment Interpretations

April 6, 2011

2011-4-6 (Wednesday Night): Once again, the bulls have foiled the bears by inching slightly higher.  The NASDAQ Composite rose 8.63 points (0.31%) to 2,799.22. The Dow annexed 32.85 points (0.27%) to close at 12426.75, while the S&P 500 rose2.91 points (0.22%) to close at: 1,335.54. Oil tolled the knell of parting day at $108.46 a barrel, while Gold rose to $1,458. The VIX fell 0.25 points to 17.25.
   
Perhaps the most important happening today was that the Dow closed above 12,400, confirming the Dow Theory "buy" signal. Meanwhile the S&P 500 closed 6 points below its previous 2011 high (1,343), after flirting with a level (1,339) four points below that value.
    No to stocks and to bonds
    Rates to rise in 2012?
    Market futures are neutral tonight.