The stock market continues to grind higher on light volume and buyers willing to buy higher.
This too will end, but the market can always over shoot on both the up and down side.
Right now the line in the sand will be the most recent breakout point in the SPY. This means that if the market hold at around 200 or 2000 in the SPX, then there can be higher prices into the end of the year. We’ll take it one day at a time and see what the markets gives us. More in tonight’s video on this.
Crude oil continues to struggle underneath $80. We should be getting close to a near term bottom in Crude, but we wait for a signal telling us higher prices are ahead.
The Gold market remains weak, but the fist sign we are getting close to a bottom showed up today. Tune into the video to find out what that is.
The remainder of the analysis is found in the video below.