Nightly Recap 3-30-2010

Posted by Investing Freak on March 30, 2010
General / Comments Off on Nightly Recap 3-30-2010

Market Summary:
DOW      +11.56 (10,907.42)
S&P        -0.05 (1,173.27)
Nasdaq  +6.33 (2,410.69)
Open Positions:  SRS at 5.97

Nightly News Links

US Economy:

Downtown New York Office Vacancy Rate Spikes To 9/11 Levels (Zero Hedge)
Bloomberg TV reports that the office vacancy rate in downtown NY has dropped to September 11th levels, and is about to pass 14%.

SPX Struggling at 1180 (The Art Of Trading)
“The SPX has attempted several times to crack thru 1180 and seems to be having trouble. I think it’s best to sit in cash or be very nimble if you wanna play the short side. 1150 is very strong support for the SPX and pullbacks there would likely see some solid bounce i imagine. If i had it my way, i’d love to see the indexes pullback for another few more days. As i type this, i am noticing lots of stocks turning deeper into the red yet the indexes are only down slightly. I think CASH IS KING and look to buy stocks on dips!”

Interesting Links:

22 Storms in NE: Winter 2009-2010 Radar Loop (AccuWeather)
Today what could be the last Nor’easter of the season is affecting the Northeastern U.S. It’s interesting if you compare the heavy rain area for today’s storm with the heavy snow area from this winter, they are very similar. Major storms are continuing to move up the East Coast as they have all season, it’s just warmer now so we’re seeing rain instead of snow.* These winter storms have dropped 30-40 inches of rain (and liquid snow) in the I-95 corridor, which would normally only receive 20-25 inches over the winter.

That is all for tonight, very boring night link-wise, weather wise and market wise.
Have a Good Night and here’s to a more exciting Wednesday.


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