Daily Investment Interpretations

April 3, 2012

2012-4-3: (Tuesday Night): The market indices slumped today on word that there probably won't be a third round of quantitative easing: 'QE3' caution slams stocks; Stocks Mostly Lower on Euro Drag, Fed Minutes . The NASDAQ Composite shed 6.13 (-0.2%) to end at 3,113.57. The Dow dropped 64.94 points (-0.49%) to close at  13,199.55; the S&P 500 declined 5.66 points (-0.4%) to settle at 1,413.38. Oil fell to 104.15: Oil ends lower, adds to decline after Fed; gold ended at 1643: Gold sinks under $1,650 after Fed bond comments. The VIX rose 0.02 to 15.66.
    "Stocks finished mixed but mostly negative on Tuesday. Major indices started the session in mixed trading as positive March Auto Sales and a better than expected China Non-Manufacturing PMI report ... Read More »"
    State of the Markets is suggesting that we're seeing a consolidation after a big run-up. 

    Marketwatch says: 
    U.S. stocks slip after factory data  
    Kevin Marder says Successful traders limit losses  
    Look for big bond selloff next week   
    China likely safe, poll shows
    Jon Markman: Grab a BUD, relax and enjoy the uptrend.
    Debt worries put Spain under pressure again.        
    Mark Hulbert tells about a Low-risk way to capture junk’s yields.  
    Market in strongest part of 5-wave move. We heard last week about   the third stage in a mini-bull market. Now here's an Elliot-Wave interpretation from last Friday that says that if the market rises today (which it did), then this would confirm the idea that we're in the strongest section of this cyclical bull market, and that the markets should be quite a bit higher by the end of this week.
    Sounds good. We'll see.
   
Michael Ashbaugh observes that the Nasdaq reaches major technical target.
    Tomi Kilgore writes S&P 500 set up for another strong quarter.
    Irwin Kellner discusses The winter of our content?  He's suggesting that the mild winter we've had may have made economic data look better than it really will be on a continuing basis.

    State of the Markets articles include:   
    Can It Continue? (The Rally, That Is) "Good Morning. The question I was asked most frequently yesterday was, can it continue? No, I'm not talking about the string of glorious, summer-like days with temperatures in the 80's (btw, that streak was obliterated in Denver yesterday as shorts and t-shirts were replaced with underlayers, fleece, and white stuff falling out of the sky) or Lindsey Vonn's dominance on the women's world cup. No, everyone wanted to know if the bulls' impressive start to the new year could be expected to continue ad infinitum. Given that the S&P put ... Read More »"
    All Things Apple: The Outsized Impact  "Everybody loves Apple - the stock, the iPhone, the iPad, etc. However, one of the big market stories is the outsized impact the world's biggest company is having on the stock market these days ... Read More »"
    Chrysler Sales Jump 34% in March 
    China's Non-Manufacturing PMI Improves in March  
    U.S. Manufacturing Sector Expanding as ISM Perks Up in March   
    
    Market futures are down significantly tonight.