Monday, October 11, 2010

Markets wobble, looking for direction

Stocks are doing little on this semi-holiday for the markets.  Dow is down 6, advancers & decliners are equal & NAZ is up all of 1.  Bank stocks slid, taking the Financial Index lower.  The Alerian MLP Index remains hot, advancing another 1 to the 247s, new record territory!  Other indices are flattish.  Gold slipped pennies to 1344, remaining at its record levels.


Value 197.08 One-Year Chart for S&P 500 FINANCIALS INDEX (S5FINL:IND)
Change  -0.54  (-0.3%)

Alerian MLP Index   ---   2 weeks

Gold Super Cycle Link! Click Here

Markets are hoping the Federal Reserve will start buying Treasuries to give markets a lift.  However, even if they do, this is not a cure-all for a recovery that is stumbling.  High unemployment & a dreary housing market are not going away soon.  Dow is struggling to stay above the important 11K level on this low volume day.

Dow Jones Industrials   ---   2 weeks

Get your favorite symbols' Trend Analysis TODAY!  

No comments: