This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
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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