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Richard's Thoughts on the Primary Trend

Daily Recap

U.S. stocks were little changed today as investors prepare for the long-awaited meeting between oil producing nations in Doha, Qatar. Whatever comes of the Sunday meeting is likely to have a significant impact on global prices come Monday. 

 

In economic news, Industrial production fell 0.6% in March, marking the sixth decline in the last seven months. Consumer sentiment also eased, suggesting a gloomy overhang to consumers' outlooks.

 

Markets around the world were relatively unchanged. European markets saw minor losses, as did China's Shanghai Composite and Japan's Nikkei. In the U.S., the Industrials lost 29 points while the Transports were basically flat. Nearly all major indexes showed slight losses with the exception of small-caps, which were up on the day.

 

Gold tacked on about $5/ounce with silver up another 13 cents. Light Crude slipped another dollar per barrel but is still above the $40 mark.

 

 

Richard's Thoughts on the Primary Trend

By the Dow Theory Team

 

Richard's Comments

 

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