Markets closed up on Wall Street: DJI +0.58% SP500 +0.78% Nasdaq +1.14% Gold +0.44%
The markets were up because:
- The Election and Fed had traders testing value at the post-crisis highs. This is one of those zones where we need new catalysts to break out higher. Don’t Miss: our exclusive webinar “Finishing 2010 Strong” with Wall St. Cheat Sheet Managing Editor and Pro Investor Elliot Turner >>
- The US Dollar (UDN) resumed the downward spiral. And when the dollar drops, stocks and Gold (GLD) pop. Check out What to Do About QE2 >>
- Asian markets continued to move higher. Follow the leader, anyone?