Thursday left us with a lackluster narrow range light volume day. The Dow even managed to have an inside day, which is a very dull slow motion day. The market needed this rest and to digest the past two days. Financials took on the heat though, coming well off the highs and giving up a lot of ground. Gold and crude are still in rally mode and closed up $11.70 at $741.20 an ounce and crude up $1.91 at $83.84 an ounce. Im glad to see Friday this week, the market has had quite a week. Brokers came in mixed this week, more mortgage woes. [...]
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[Source: The Money Blogs]
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