Earnings push stock indexes higher April 21, 2011
Posted by Marlowe Cassetti in PDP.trackback
Strong earnings reports from big companies including Apple Inc. and UnitedHealth Group Inc. lifted stocks across the market Thursday.
The Dow Jones industrial average closed at another 2011 high. The 30-company index rose 52.45 points, or 0.4 percent, to 12,505.99.
Two stocks rose for every one that fell on the New York Stock Exchange. Consolidated volume came to 3.7 billion shares.
Markets will be closed on Friday for the Good Friday holiday.(commentary & photo courtesy of AP)
Again the RSI portfolio did well today beating the S&P500 index. Four of the 13 positions turned in daily gains in excess of 0.2R. The only holding showing red was EWV, the short Japan ETF. PowerShares DWA Technical Leaders Portfolio (PDP) is within a short striking distance of triggering the commencement of setting a trailing profit stop at the +2.0R level.
No RSI picks today … catch you later.
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