Daily Investment Interpretations
June 28, 2011
(Tuesday Night): The
markets soared again today: Rally rolls on in second day,
Stocks soar on housing data,
Wrap: Stocks Gain; Greece to Vote. The NASDAQ
Composite was up 41.03
points (1.53%) at
the end of the day to 2,729.31. The Dow jumped 149.13
at 12,188.69; the S&P 500 gained 16.57
to end at 1,296.67. Oil climbed back up to $93.06: Crude rallies 2.5%; Gold
rose a little to $1,502: Contrarians still bullish on gold. The VIX
Michael Ashbaugh tells us that the markets could go up or down from here: Staking out the technical cross currents.
Fido traders call S&P 1,400. This article has Fidelity investors calling for 1400 on the S&P 500 by year's end. (It's worth noting that the retired chief forecaster for Standard & Poor's has predicted an S&P at 1,450 by October 1.)
Two good articles at the TopStock Portfolios website are: Technical Talk: Rally Ahead of the Vote, and Caveat Emptor - Who Can You Trust?.
Market futures are down slightly tonight.