Thursday, May 16, 2019
The Dow added to its gains today as it rose another 214 points on lighter volume. The advance/declines were 2 to 1 positive again. The summation index is trying to turn around and I'm guessing that it will. Trade tensions have moved to the back seat and buyers have returned. GE was off 1/8 on average volume. Gold fell ten bucks on the futures as the US dollar was stronger. The XAU and GDX had fractional losses on average volume. Mentally I'm tired and just back from the hospital. The blog will be short. The VIX is back below 16 and its 200 day moving average. That is a plus for the bulls. But we'll just have to see where it goes from here. Asia was mixed and Europe higher overnight. I'll be taking it easy tonight. More on the markets tomorrow.
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