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Friday, December 26, 2025

Hanging around on a holiday Friday. The Dow fell 20 points on pretty light volume. The advance/declines were slightly negative. The summation index is still trending to the upside. The NASDAQ and S&P 500 had minor losses. Overbought short term technical conditions have not changed. Gold continues to shine as the futures gained $59. The US dollar finished flat and so did interest rates for the most part. The XAU was up about 5 1/4, while GDX added around 1 1/2. Volume was a bit above average. GDX continues to be overbought and continues to hit new all time highs. Mentally I'm feeling a bit tired. The VIX was slightly to the upside today. Oversold and staying that way. We still have a short term sell signal on one of our indicators. I'll be checking the charts over the weekend to see if it is worth trying that signal or waiting until the new year. Asia was generally higher and Europe mixed to close the week. It's Friday afternoon and time for a rest.

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