Thursday, July 20, 2017
The rally continued yesterday as the Dow gained 66 points on the usual light volume. The advance/declines were about 3 to 1 positive. The summation index is now heading higher at a better rate. The overall market was much stronger than the Dow. There is no overhead resistance but I would expect a move back to the breakout point. However my ideas on the stock market have been wrong lately. I also still do not trust this light volume move up but you can't argue with price. Gold was little changed as was the US dollar. I got tied up yesterday and never made it back to a computer to update the blog. Things will be back to normal for the blog, or at least should be, today.