Friday, June 23, 2006
The Dow lost 30 points today on light volume. Advance/declines were about even. Not much to write about that. We were higher earlier in the day. Gold was up a couple bucks and the XAU was up a couple points. I'm hoping I haven't missed the next upmove in gold here. Time will tell. The volume is weak but the sellers seem to have disappeared. The overall stock market acted better than the Dow today. Summation index still pointing down. Fed meeting next week and the market could feed off of that or it could just be a non-event. The weekend is here, summer is here and I'm almost ready to go on vacation. This is a rare time for me. But the break is needed in light of the terrible trades of May and June. Not much else to say. Kind of in standby mode as I've said before. Summertime...
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