"Lack of direction, not lack of time, is the problem. We all have 24-hour days." – Zig Ziglar
More solid action from stocks and markets with no sign of a correction that I can spot.
Strong closes are important in bull markets and that’s what I continue to see.
Basing and setting up for moves higher is key, and takes time.
We can’t rise every single day and that’s that.
Gold tried to break out on Thursday but moved back below the breakout area which tells me it needs more time.
Often gold does well a couple or few days after Fed speak but then fails.
Nothing wrong with this SPDR S&P 500 (NYSE:SPY) chart who’s tested and held the breakout level which coincides with the 21 day average.
Looks good to me for more strength shortly.