The three major indexes ended the day on their 20 day moving averages. The sentiment out their is either bearish or neutral from what I’ve seen. Maybe we’ll climb that Wall of Worry here. It’s definitely a market without direction. The Dow Industials closed +133, and the Nasdaq in the red. Odd.
We’ve got higher pivot lows, and until those are broken, I’m keeping a bullish bias. Today’s end of day decline does not surprise me during an options expiration week. Like I said yesterday.. they don’t ring a bell at the bottom.
The gold stocks hit the upper trendline of the XAU. When trading takes out either trendline, I want to be on that train.
