April 6, 2009 Open Close Change Open Close Change
$INDU 8016.16 7975.85 -0.52% $VIX 41.96 40.83 +3.10%
$SPX 839.75 835.48 -0.83% 10-year Treasury $TNX 28.87 29.39 +1.10%

Today was a light volume day on the markets, trading near resistance, resulting in a small pullback. The U.S. dollar and Japanese yen sold off heavily early in the day as the IMF put into place its plan to sell gold. Expect gold to drop in the next while.

The upcoming earning season will determine if the current uptrend continues or puts the market back into another tailspin. This is a good time to look at credit spreads.

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