A bounce looked like a possibility at the open, but nothing materialized, and the major indexes closed lower. With the NASDAQ now sitting below its 50-Day MA, there is little reason to be buying stocks right now.
One sector that did well today though is commodities, which was good for RGLD, a stock on the Watchlist […]
Still no direction in the market from Fridays actions. The Indexes still look like they are holding up, but things could change quickly without some strength in the market.
Gold made a nice move on Friday, which seems to have gone unnoticed. This will be worth watching.
Buying is a bit risky here with little direction in […]
Although the indexes closed higher, the market seems to lack any real power. The old saying “Sell in May” seems to be right on cue. I am however impressed with how the indexes are holding up. Most notably, the Dow.
Also holding up is the Dow Jones Transportation Index, seen here in IYT. This is considered […]
