Friday, May 11, 2007

When Numbers Have Meaning

The Dow Jones Industrial Average set a new closing high on Friday, May 11.

The number of new highs was 268 while new lows totaled 113. Advancing issues overwhelmed decliners 23-8.

Dow 13,326.22 +111.09: Nasdaq 2,562.22 +28.48; S&P 500 1,505.85 +14.38; NYSE Composite 9707.03 +117.66

The markets are becoming more defined but not prohibitive.

Oil, gold and silver showed marginal gains for the day. US equities remain a solid, if not significant, investment. The rally continues.

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