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Richard's Thoughts on the Dow & Moving Averages

Daily Recap

It was a bit calmer today, but still plenty of movement and issues to ponder.  Overseas stock markets were almost all higher today, which led to a 1% gain by the Global Dow.  US stocks didn't fare as well, with the Dow down 57 and other major indices down moderately as well. 

 

Concerns over the Fed's future moves (and increasing impotence?) along with worries about next week's Brexit vote overcame positive sentiment from higher oil prices.


Crude oil jumped 4%, gaining back yesterday's losses.  Not surprisingly, energy shares such as XLE fought downward equity pressures, finishing moderately higher.  

The precious metals, after a big whipsaw day yesterday, trended mostly higher.  Gold closed near the day's highs, at $1300/oz., which was up either $4, $16, or $20, depending on the source consulted.  Really, people?  Similarly, silver was up 29 cents or down 12 cents, but in any case at around $17.50 ... Log in or subscribe to continue reading.


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