Chart-wise, the S+P 500 is close to testing its 200 MA (4059). Thanks to the recent two week sideways consolidation, there is a growing chance that the current move might continue working its way up toward the 4300 area in the weeks ahead (Aug high). Probably some back + fill along the way, which would be good since periods of consolidation help keep the RSI from reaching nosebleed overbought levels (above 70), and can extend the move.
But first we'll see how the market handles the 200 MA. Nice to be seeing some stock profits again, and with the dollar falling there will hopefully be more near term upside for gold/silver. It's been a lousy year for most investors, so maybe some nice profits in Nov/Dec to close out the year :o)
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