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Monday, May 16, 2011

Dow Jones Close 5/13/11 - Stock Market Closing Prices

By Tim -

Stock Market Closing Prices - 5/13/11

Dow Jones Industrial Average ( DJIA ) Close - 12595.75 Down 100.17
Nasdaq Stock Market Close - 2828.47 Down 34.57
S&P 500 Close - 1337.77 Down 10.88

Libor Rates - 5/13/11 - Mortgage Rates

Commodities Closing Prices - 5/13/11

Gold Close - 1493.60
Silver Close - 35.01
Copper Close -3.98
Oil Close - 99.65
Natural Gas Close - 4.25

The Dow Jones Industrial Average closed at 12596 on 5/13/11, as the stock market took another leg lower as commodities stocks turned lower.

Due to the volatility, we are back in a traders market which will most likely last most of the summer. This to me means you buy the dips, and sell the rips. For instance, if a stock falls from $30 down to $26 and I buy it, I will be looking to sell around $28 and will keep tight stops to protect the rest of my investment. If the market turns lower, my stop order will fill and I will be out of that stock with a nice gain. I will then be looking to buy on another dip.

Check out my stocks to watch report for tomorrow.

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