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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.

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