December 20, 2010
Good morning. Even though the SPY had several minor up days last week, as the market continues its gradual but steady rally, it actually closed down 18 cents to finish at 124.30. This is due to the 60-cent dividend that came out on Friday morning.
April 12, 2010
Good morning. Another positive week for the market last week, as the market has continued to creep up steadily since the correction low of 104.58 on February 5. Last week the SPY was up 1.25 to close at 119.55, a gain of 1.5%. Interestingly, the VIX, which has been trending steadily down as the market has advanced, had a fairly strong advance on the week, closing up 9% at 17.46.