Well this was a lackluster day that had no surprises, but no clues to is going to what is going to on happen Monday either.
It would appear the the 500 has met its resistance of 1400 like a boulder in the road with no apparent path around it. I mentioned earlier that the longer a market moves sideways the more pronounced the break out move tends to be. Let’s hope Monday is kind to us.
The Russell 2000 never went above 833 and that is a must for the large caps to continue.
The 500 closed more or less where it started out.
The DOW also didn’t make any spectacular moves either.
The Index are here for you to review, but other than the airlines leading the downside I don’t have much to offer.
Gold closed at 1659.23, WTI oil up a point to 107.24 and Brent at 107.61. What a way to start the weekend if you actually traded something – good luck with the bet. The odds in Nevada will probably give you better results. All for today, see everyone Monday.
Written by Gary
