Daily Investment Interpretations
May 19, 2011
(Thursday Night): The market
indices rose again today, albeit modestly: Stock
bulls hang in there. The NASDAQ Composite added 8.31
to close at 2,823.31. As mentioned above, the Dow rose 45.14
to close at 12,605.32,
while the S&P 500 tacked on 2.92
to close at 1,343.60. Oil rose a little to $98.99; Gold
closed at $1,495. The VIX fell 0.71
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.