Wednesday, September 03, 2014
The Dow gained 10 points today on light volume. The advance/declines were slightly negative again. Just marking time here again as the stock market continues a low volume pattern. The NASDAQ was much lower today and that is not bullish. However that may have simply been a factor of APPL taking a dive. The summation index continues higher. Waiting for a catalyst one way or the other for the stock indices. GE was up a dime and the volume was light. Nothing has changed here as well. Gold stabilized with a $5 gain as the US dollar was lower for a change. The XAU lost 1/2 though. ABX, GG and NEM were off fractionally or unchanged on the session. Volume slacked off from yesterday. The trend here is down now. Mentally I'm feeling OK. Perhaps the employment report on Friday will get things going for the stock indexes. Despite the return of the major players, trading remains lackluster. That isn't really a good sign but things can change rather quickly in this game. We will just have to wait and see what happens. My option positions all remain losers. We'll keep an eye on the foreign markets tonight and take it from there.
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