Daily Investment Interpretations

May 19, 2011

2011-5-19 (Thursday Night):  The market indices rose again today, albeit modestly: Stock bulls hang in there. The NASDAQ Composite added 8.31 points (0.3%) to close at 2,823.31. As mentioned above, the Dow rose 45.14 points (0.36%) to close at 12,605.32, while the S&P 500 tacked on 2.92 points (0.22%) to close at 1,343.60. Oil rose a little to $98.99; Gold closed at $1,495. The VIX fell 0.71 to 15.52. 
    Peter Brimelow remarks: Top-performing bull edges to exit, "but based on a pretty subtle reading of his system". Also, Leading indicators reverse: "The pace of economic growth may be 'choppy' in the summer and fall, the Conference Board says."
    TopStock Portfolios' David Moenning analyzed the day like this: Market Wrap- Wall Street Cheers IPO (And the Dollar's Decline).
    Stock market futures are slightly down tonight.