Stocks hesitate awaiting health care vote

Dow rose 45 extended its 8 day winning streak to reach another new 18 month high, but decliners were ahead of advancers 3-2 while NAZ inched up 2. Banks took it easy, today's value for the Financial Index remains just under yesterday's interim high when it broke thru the ceiling of its 8 month trading range.


S&P 500 FINANCIALS INDEX

Value 212.76

Change -0.98

% Change -0.5%

MLPs were resting all day after their recent gains. The index slipped 1+ to the 304s, no big deal. Even REITs lost their strength as the index fell a fraction from yesterday's interim high. Junk bond funds were mixed to higher at their high levels. There was a little selling in the Treasuries, the yield on the 10-year Treasury bond rose 3 basis points to 3.67%.


Alerian MLP Index --- 3 months




Dow Jones REIT Index - 3 months





Oil continued lower while gold remains stuck in a rut a little above 1100.

CLJ10.NYM

..Crude Oil Apr 10

..82.08

.. 0.78 ......(0.9%)

Gold

...1,126.30

__2.10__

0.19

There's not much happening, so I will give another chart for Citi (C). The stock has done well this year on calls that it has a chance to double from here. One of its biggest problems is that the gov plans to sell its immense stake by Dec 31. Citi was down 3¢ to 4.02.


Citigroup --- YTD

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Sorry but Blogger (Google's unit which powers this blog) has been off & on. Hopefully they will get the problems squared away by tomorrow. The markets have their eyes on the health care bill, its outcome & the Dodd bill for more regulation of banks & related institutions. While these 2 are in limbo, it's difficult to imagine the markets doing very much.

Dow Jones Industrials - 3 months




Nasdaq --- 3 months