Daily Investment Interpretations

May 18, 2011

2011-5-18 (Wednesday Night):  The market indices all hopped up today (the technical bounce mentioned yesterday?). The NASDAQ Composite rose 31.79 points (1.14%%) to close at 2,815.00. As mentioned above, the Dow lifted 80.6 points (0.65%) to close at 12,560.18, while the S&P 500 regained 11.7 points (0.88%) bringing it to a resistance level at 1,340.68. Oil rose a little to $97.78; Gold closed at $1,491. The VIX fell 1.32 to 16.23. 
    Stock market futures are up tonight. Otherwise, I'm aware of very little that's new today.