Monday, November 15, 2021
A day of hanging around as the Dow fell 12 points on light volume. The advance/declines were negative. The summation index is trending sideways. Not much change for the major averages today. It is expiration week though so we'll see how the rest of the week goes. Retail sales data out tomorrow could be a market mover. The S&P 500 remains short term overbought. Gold was off a couple of bucks. Both the US dollar and interest rates went up. The XAU and GDX had slight fractional gains on light volume. My open order for the GDX January calls remains out there. Mentally I'm feeling OK. The VIX was up just a bit today and that fits the market action. A shorter post here today as the blog is later than usual. Europe was higher and Asia mixed overnight. We'll see how Tuesday goes.
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