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Wednesday, November 22, 2017

A bit lower today as the Dow fell 64 points on light volume.  The advance/declines were positive.  The summation index has turned around and is moving up.  The overall market was stronger than the Dow with the NASDAQ showing a gain.  Not much to make of todays price action.  More of the same on Friday.  GE was up 1/3 on good volume.  Perhaps the decline has ended for GE.  Gold was up $10 as the US dollar got clobbered.  The XAU was up a point, while GDX rose 20 cents.  Volume was better than yesterday.  Mentally I'm feeling OK.  Holiday mode for the market and this blog.  Light volume will be the norm until we get things going again next week.  As I have already said, with the small stocks leading the way, higher prices should be in the future.  Asia was higher and Europe mixed last night.  Happy Thanksgiving everyone. 

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