Daily Investment Interpretations
Wednesday, April 11, 2012
(Wednesday Night): The
stock market turned up today: Bulls come back swinging;
The NASDAQ Composite added 25.84
to end at 3,016.46. The Dow regained
to close at 12,805.39; the S&P 500
rose 10.12 points
to settle at 1,368.71. Oil rose to 102.56: Oil bounces after inventories, as U.S. stocks rise;
gold ended at 1659: Gold inches lower, gives back previous gains. The VIX
"Stocks rebound after their losing run, as Spanish and Italian bond yields fall and Alcoa posts profit."
Beige Book continues to see moderate growth
U.S. deficit shrinks in first half of fiscal year
Fed’s Yellen makes case for keeping rates low.
How billionaires are beating this market
Mark Hulbert says Only modest correction ahead..
Matthew Lynn advises us that The Bundesbank will stamp out this rally.
A slowly healing housing market
Michael Ashbaugh says: Market downturn inflicts technical damage.
"Despite Wednesday’s strong start, this week’s downturn raises technical caution flags. Most obviously, the Standard & Poor’s 500 Index has violated significant support, including its 50-day moving average, signaling an intermediate-term downtrend, detailed below."
Ir win Kellner writes: Through Wall Street’s looking glass.
State of the Markets articles include:
Technical Talk: Bulls Have Work Cut Out For Them "Although it does appear to be a risk on day at the present time, the current bounce changes little from a technical perspective. In short, the bulls have some work to do in order to... ... Read More »"
This Time It Really Is Different, Right? "Good Morning. Although I utilize models and disciplined systems coupled with trading rules in my approach to managing the market, I do think it helps to understand what is happening in the market and why - if for no other reason than it helps you implement your signals at times. In fact, I believe that oftentimes the "why" is much more important than the "what" when it comes to staying in tune with Ms. Market's moods. The current pullback happening in the stock market is a perfect example. After nearly four months of straight-up movement, ... Read More »"
No New All-Time High For Apple Today - What Gives-
FedHead Views Still All Over The Map
Investors Intelligence: Bullish Sentiment Remains High
NAAIM Index Shows Active Managers Remain Bullish
Europe Update: Yields Soar in Italy, ECB Says It Has Ammo
Market futures are up 0.2% tonight.