Tuesday, September 18, 2012

Markets drift lower on differing market outlooks

Dow inched up 4, decliners ahead of advancers 4-3 & NAZ & slipped pocket change.  The Financial Index lost 1 to 215.  The MLP index was flattish at 403 but the REIT index was of 2+ to the 271s.  Junk bond funds edged higher while Treasuries found some buying after recent selling.  Oil fell to the 95s & gold was about even.

AMJ (Alerian MLP Index tracking fund)

stock chart

Treasry yields:

U.S. 3-month


U.S. 2-year


U.S. 10-year


CLV12.NYMCrude Oil Oct 1295.38 3:30PM EDTDown 1.24 (1.28%)

Live 24 hours gold chart [Kitco Inc.]

Get the latest market update  below:

Markets meandered not knowing what to do next as the bulls lost their grip.  Oil is high, but that situation is fuzzy with many cross currents.  Stock markets have a lot on their minds.  Dow is above 13.K which makes the bulls happy but it will need stimulus to go higher & for the moment, that is lacking.  There are an abundance of problems around the world holding the markets back.

Dow Jones Industrials

stock chart

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