DJIA: Get After It!

Okay, so I was just watching the Mariner’s pre-game show and borrowed part of their tag line.

The Dow closed up +65.16 (+0.50%) at 13,029.26.

I wish the market would just go ahead and sell of a bit more. Its looking more likely that we drift higher into May and then maybe get some of that old “Sell In May” stuff. I don’t know.

The Nasdaq was down a bit, probably because of Apple (APPL) which has been having some selling pressure administered to it. The S&P 500 and Russell 2000 were both up though. Next week we get to see Apples earnings.

Of the Dow 30, there were 7 losers, led by BAC (-4.68%), JPM, HPQ, AA and INTC.

The Dow 30 leaders were MSFT (+4.55%), TRV, VZ, PG and GE. GE and MSFT both reported fair earnings this morning before the open. See the post from this morning.

Microsoft (MSFT) shares jumped more than 4%, making it the best performer on the Dow and the Nasdaq. The company beat earnings expectations after the close Thursday, with sales growth of 6% thanks to its Windows and Office products.

McDonalds (MCD) and General Electric (GE) were also big gainers as both companies reported earnings that topped analyst estimates.

For the week DJIA was up +1.4%, Nasdaq -0.4%, S&P 500 +0.6%, Russell 2000 +1.0%, PSVIX +1.15% and ODVYX +1.13%.

Year-to-date DJIA is up +6.6%, Nasdaq +15.2%, S&P 500 +9.6%, Russell 2000 +8.5%, PSVIX +2.87% and ODVYX +13.95%.

So far this year the Russell 2000 and PSVIX have really underperformed.

New High of the Day – Chubb Corp (CB).

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