Material world lifts stocks; Dow, S&P off for fourth week May 27, 2011
Posted by Marlowe Cassetti in Blogroll.trackback
The Dow and S&P 500 closed out their fourth week of losses with a small gain on Friday, but only with the help of a weaker dollar boosting metals prices and basic materials stocks.
Thin trading made for a lackluster day on Wall Street, with desks short-staffed before the Memorial Day holiday that will keep U.S. markets closed on Monday. Volume was the second lightest so far this year. (commentary & photo courtesy of Reuters)
It was a good Friday leading into this Memorial Day long weekend. The markets were up as was the RSI portfolio. All the RSI positions were in the green, i.e. no losers. Because of problems and schedule beyond my control, I cannot fully run the RSI system today. However if there are any new RSI picks I will report them well before the US markets open on Tuesday.
Have a great weekend and I’ll catch you later.
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