Daily Investment Interpretations
January 24, 2011
(Tuesday Night): Once
markets have closed mixed: Stocks take five, not six, Bulls Fight Back; Stocks Mixed Ahead of Fed, Data. The NASDAQ Composite
tacked on 2.47
to 2,786.64: Nasdaq ekes out a gain. The Dow slipped 33.07
the S&P 500 fell back 1.32 points
to settle at 1,314.63. Oil inched down to 99.18: Oil falls under $99 a barrel;
to 1665: Gold drops, taken down by the dollar.
The VIX rose 0.24
points to 18.91.
Today's key event was a lowering of the IMF's global forecast: Global growth outlook dims: IMF.
Marketwatch says: "Ahead of the World Economic Forum in Davos, Switzerland, top business leaders say unresolved issues in Europe make them pessimistic."
Europe could spiral out of control
Charles Sizemore advises that Japan's endgame approaches. "Japan's economy has bumbled along, but it is about to hit a wall that will create debt crisis to rival Europe, writes Charles Sizemore. (Trading Deck)"
Hulbert: Market's as undervalued as in 1990
Kevin Marder tells us that Buyers board the stock train.
The news is bad tonight, which is bullish for the stock market.
Irwin Kellner warns us that the Fedís forecasting reputation [is] shaky.
Michael Ashbaugh notes that the January uptrend meets major resistance.
And Paul Farrell warns us anent Big Oilís civilization-ending pollution push.
State of the Markets articles include:
Technical Talk: Not Exactly What The Bears Had Planned
Still No Deal in Greece, Germany Denies Expansion of Bailout, Portugal is a Problem
Portugal's PM Says Country Will Not Seek Additional Bailout Funds
Was That a Costume Change?-
Eurozone Preliminary PMI's Show Improvement in January
Yields Continue To Pull Back at Spanish T-Bill Auction
Eurozone Industrial New Orders Decline
Market futures are up ľ % tonight.