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Tuesday, January 31, 2023

Back to the upside as the Dow gained 368 points on good volume. The advance/declines were 5 to 1 positive. The summation index is moving higher. The NASDAQ led the way again and that's a plus. I was at the doctors office again today so the blog will be brief. Gold was up a few bucks on the futres. The US dollar was lower along with interest rates. The XAU and GDX had fractional gains on very light volume. Mentally I'm just not there as my medical issues must take precedence. You should not attempt to trade if you can't give it 100%. The VIX was lower and remains below the 20 level. We'll get the Fed tomoorow but the way the market is acting it appears that higher stock prices are in the near future. Asia was lower and Europe pretty much unchanged in last nights trade. We'll see how it goes tomorrow.

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