Monday, September 12, 2016
The Dow roared back today with a one day reversal to the upside. It gained 239 points on better than lately volume. The advance/declines were shy of 3 to 1 positive. The summation index is still heading lower. GE was up 3/8 on good volume. Gold was up $7 on the futures and the US dollar was lower. The XAU rose 3 1/3, while GDX added 2/3. Volume was good. My apologies for the short blog with my usual comments but I am ill today. I can say that volatility is back and I think we will have to bounce around before we move to new all time highs. I am looking at the October SPY calls. But I am very under the weather and would not put much stock in what I'm thinking under these physical conditions. Hopefully I'll be back to normal tomorrow.