Nasdaq Stock Market Close - 2769.30 Up 15.32
S&P 500 Close - 1310.87 Up 3.77
commodities Closing Prices - 2/4/11
Gold Close - 1349.60
Oil Close - 88.90
Natural Gas Close - 4.31
The Dow Jones Industrial Average closed at 12092 on 2/4/11, as the stock market gained slightly after a worse than expected jobs report. The stock market doesn't care about anything right now and clearly wants to rally higher. Every selloff is short lived and we end up hitting new highs days later.
As far as trading went today, I traded MCP several times and ended up keeping some which results in a 50% position at the current time. I am hoping to buy the other half back below $47 some time in the coming weeks. There was news out today that China expects to become a rare earth importer at some point in the coming years, this would be huge for rare earth metal prices and companies such as Molycorp.
I continue to hold HDY and PZG, I opened a new position in ChinaCache (CCIH) and will be adding on dips For the latest updates PRESS CTR + D or visit Stock Market news Today
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