The broad based advance in stocks continued with a strong up move on Thursday ahead of the 3-day weekend. The 20 MA has crossed the 50 MA in stock indices and in the commodities index (CRB). Although volume appeared strong in the indices, volume in the futures (NQ and ES) may be painting a different picture.The McClellan summation index continued higher for both the Nasdaq and the S&P. The US dollar is trading sideways and the weakest sectors appear to be gold and drugs.
Currently (Sunday night), the futures are trading down several points from the strong close on Thursday.
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