Friday, November 24, 2023
A mixed bag for a half day holiday session as the Dow gained 117 points on extremely light volume. The advance/declines were shy of 3 to 1 positive. The summation index continues higher. The NASDAQ posted a small loss. All techncial conditons remain the same. Gold rose $10 on the futures. The US dollar was lower and interest rates ticked up. The XAU added 1/2, while GDX was flat. Very light volume here as well. The gold shares didn't follow the price of gold today and that is a concern. But it's hard to put much stock in todays proceedings. Most of the major players are gone. Mentally I'm feeling OK. The VIX was lower today and I can't see it getting much lower from here. It closed at the lowest level in the past 4 years. Europe was up and Asia down with the exception of Japan to finish the week. Let's get back to the long holiday break and see how things go when everybody is back on Monday.
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