Thursday, December 13, 2018
A mixed bag today but the Dow managed a gain of 70 points on good volume. The advance/declines were almost 2 to 1 negative. The summation index is still tracking lower. The NASDAQ was lower today along with RUT. That isn't a good sign for the bulls. I'm not exactly sure what's driving prices here. We've broken down from the near term support in RUT. The other indices are trying to hang in there for now. We need to see some upside soon or there's a chance the overall market will break support and roll over here as well. RUT is generally the leader and has already found fresh lows. GE got a bump on an analyst recommendation. It rose 1/2 on extremely heavy volume. Gold was slightly lower with the US dollar just the opposite. The XAU and GDX had minute gains on average volume. Mentally I'm still slow, not 100% and feeling tired. I am again going to cut the blog short today. Asia was higher and Europe slightly lower last night. We'll close out the week tomorrow.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment