Daily Wrap-up – A Close Near the Highs

The day ends with the S&P 500 (SPX) near its best levels of the session… Chart Courtesy of Thomson Financial Index Index Value Point Change Percent Change S&P 500 (SPX) 1352.1 13.5 points 1.01 percent Dow Jones Industrial Average (DJIA) 12378.6 108 points 0.88 percent Nasdaq Composite (COMP) 2360.9 44.5 points 1.92 percent Russell 2000 (RUT) 692.7 -0.7 points -0.10 percent CBOE Market Volatility Index (VIX) 27.78 -1.24 points -4.3 percent Click here for symbol descriptions A mid-afternoon pullback found its footing before hitting breakeven and we had a late-session bit’o buying that pushed toward the highs…(Read More)

Odds and Ends

I have a couple of quick things I wanted to mention this afternoon. The first relates to yesterday’s post – The iShares DJ Financial (IYF), SPDR Homebuilders (XHB) and Retail HOLDRS (RTH) – Wait for Proof…(Read More)

A Positive Start to the Day

We are just over an hour into the session and here’s what I see… Click here for symbol descriptions The day so far has an upside bias as only the iShares Treasury Bond (TLT), SPDR Homebuilders (XHB), and S&P Retail Index (RLX) are trading lower…(Read More)