Wall Street gains 1 percent as IMF gives Europe hope – RSI picks more funds today January 18, 2012
Posted by Marlowe Cassetti in IWV, IYT.trackback
Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
The IMF is seeking to boost its war chest by $600 billion to help countries reeling from the crisis, even though some nations insist Europe must first do more to support ailing members, according to sources.
The Dow Jones industrial average .DJI rose 96.88 points, or 0.78 percent, to close at 12,578.95. The Standard & Poor’s 500 Index .SPX added 14.37 points, or 1.11 percent, to 1,308.04. The Nasdaq Composite Index .IXIC climbed 41.63 points, or 1.53 percent, to close at 2,769.71. (commentary & photo courtesy of Reuters)
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Today RSI picked the following:
- Buy 146 shares iShares Russell 3000 (IWV); Stop = -$6.81 Target = +$20.44 Volatility = 3.52%
- Buy 95 shares iShares Dow Jones Transportatio (IYT); Stop = -$10.43 Target = +$31.29 Volatility = 4.49%
I’m presenting these two funds for your inspection. I don’t see anything here to grab my interest. You might find a use for them in your portfolio.
Catch you later.
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