Daily Investment Interpretations

June 28, 2011

2011-6-28: (Tuesday Night): The markets soared again today: Rally rolls on in second day, Stocks soar on housing data, and Market 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 points (1.21%) to close at 12,188.69; the S&P 500 gained 16.57 points (1.29%) 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 fell 1.39 to 19.17.
    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.