Markets closed on a positive note with some green, light to medium, volume taking advantage of the dip. Will the buying spree flow over to tomorrow? That is anyone’s guess at this point as guessing has only been 50% correct. Even if you guess correctly, Mr. Market will make you wrong somehow.
The DOW fell to 13069 and closed at 13126. The 500 fell to 1397 and closed above the ‘magic’ 1400 level. I s that a sign of better things to come or just another teaser. The Russell 2000 fell to 828 and closed at 834. SPY closed at 140.53, SSO closed at 58.16, WTI oil closed at 105, Brent closed at 123, GLD closed at 161.60, SLV closed at 31.17, gold closed at 1662 and the USD ended up at 79.51 falling from 79.28.
The Russell 2000. If you remember I said the 5 point gap that occurred on 3-26 was going to be filled sooner rather than later has happened. This clears the way for more up-trending if that is what Mr. Market wants.
See everyone tomorrow.
Written by Gary