Monday, November 24, 2025
A big move up for the overall market and the Dow managed a gain of 202 points on pretty heavy volume. The advance/declines were positive. The summation index is beginning to stall. The NASDAQ led the way higher with a gain of over 2 1/2%. That is a plus. It appears that the positive holiday week bias is in effect but we'll see how the rest of the week plays out. The S&P 500 was up over 100 points. The short term indicators here have turned up with room to go. The S&P has made it back to the 50 day moving average. Not sure if the recent decline is over but we're leaning that way. Gold was up $51 on the futures. The US dollar finished little changed again and interest rates dipped. The XAU climbed 15 2/3 and GDX jumped 4 1/3. Volume was slightly above average. The short term indicators for GDX have turned up with room to go. GDX also has held its 50 day moving average. It is right up against its short term down trend line. A break there would be positive. Mentally I'm feeling OK. The VIX has another big drop today. The short term indicators here are moving lower. The VIX is still above the 20 level though. My guess is that it will continue lower and stocks higher for the rest of the week. Some economic data will finally be released tomorrow but I'm not sure what the effects will be. Europe finished mixed and Asia was generally higher to start the week. We'll see if we get some more upside follow through tomorrow.
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