Daily Investment Interpretations
May 24, 2011
(Tuesday Night): The markets
are down again tonight, though not by terribly much: U.S. stocks end near one-month lows.
The NASDAQ Composite retreated another 12.74
to close at 2,746.16. The Dow dropped 25.05
at 12,356.21, while the S&P 500 slipped 15.9 points
to close at 1,316.29. Oil retreated to $98.82; Gold
ended unchanged at $1,524. The VIX fell 0.45(!)
Stocks are down again today because the dollar is slightly higher again today. Michael Ashbaugh writes that: Cracks widen in S&Pís technical backdrop. He explains that 1,313 on the S&P is a major milestone. Right now, the S&P 500 has closed 3 points above this watershed.
TopStock Portfolios writes Something To Look Forward To? and Technical Talk: The Battle For 1320 Continues to Rage.
Stocks are down significantly again tonight.