Daily Investment Interpretations
July 7, 2011
(Thursday Night): The
market surged today: Stocks
up near 2011 highs. The NASDAQ Composite was up
to 2,872.66. The Dow uptilted 93.47
to close at 12,719.49;
the S&P 500 increased 14
to settle at 1,343.22. Oil ticked up to $98.78; Gold
leaped to $1,533. Interestingly, the VIX fell 0.39
What will replace dollar around globe? The author suggests either the renminbi or a commodity-based currency unit based upon the prices of gold, oil, iron, and rice could replace the dollar. But one way or another, the dollar probably isn't going to remain the world's reserve currency.
China bull defensive but not despairing Paul Goodwin's China and Emerging Markets newsletter has entered a soft patch. China is experiencing more than routine economic difficulties.
How to predict the marketís next moves Gives basics for using moving averages to assess the market's performance. Has a link to Laszlo Birinyi's market plans.
Stocks stubbornly cling to gains The market keeps climbing, but so far, volume has been "lethargic".
How now Dow Theory? It's make or break time for the Dow. The Dow must close above 12,810.54 within the next few days to confirm a bull market.
Jobs expected to show bounce Economists are expecting nonfarm payrolls to have expanded by 125,000 jobs. If the jobs number falls below that bogey, the stock market will probably fall with it.
A 3-D investor horror show "Debts, deficits, and demographics could blow investors away, Robert Powell says.
Stock market futures are neutral tonight.