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The Inflection Point

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Below you will find closing prices for the Dow, S&P 500 and Nasdaq as of the close of October 23, 2009. I have included year-to-date stats and important moving averages as well.

For the week, the Dow and S&P and Nasdaq were all down slightly, with the Dow losing 0.24%, the S&P 500 losing 0.74% and the Nasdaq losing 0.10%.

Close% Change% ChangeYTD %20 dma50 dma200 dma
10/23/2009(1 Week)(Month-to-Date)
Dow9,972.18-0.242.6813.639845.869660.628556.98
S & P1,079.60-0.742.1319.521069.701046.29914.16
Nasdaq2,154.70-0.101.5236.632130.982080.121773.62

52 week high% off hi
Dow10,157.90-1.83
S & P1101.36-1.98
Nasdaq2190.64-1.64
52 week low% off low
Dow6,440.0854.85
S & P666.7961.91
Nasdaq1265.5270.26

All three indices are above their important moving averages. The Nasdaq outperformed on the week losing only 0.10% and the S&P 500 led the losses with a 0.74% loss.

The equity markets remain within 2% of their 52 week highs and in the year to date race, the Nasdaq leads the gains with a 37% gain. The Nasdaq has been led by the tech stocks which have outperformed with the recent reported earnings.

Stay tuned this week to see how the earnigs reports come in at.

Disclosure: The accounts remain long and have exposure to the indices.

Authored by Tom Henderson, Strategist JBH Capital.

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  •  
    The NASDAQ figure is a bit scary, but tech's have delivered on their promise of solid results. As dire as it may seem, the sky is not about to fall in.
    Oct 26 07:15 AM | Link | Reply