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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.

1 comment:

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