Directionless Week So Far

Friends

The bulls got back involved today, as stocks rallied for the first time this week. Once again, other than iPhones, Apple Watches and Apple payments, there hasn’t been much to get the juices flowing this week for traders. Somewhat directionless trading seems to be the norm at the moment. Of course that can change at any time.

As for today, by the close the Dow Jones Industrial Average was up 54 points to finish the day at 17,068. The S&P 500 was up 7 points to close at 1995. Gold was up $2 to trade at $1250 per ounce, while oil was down $.93 to trade at $91.82 per barrel WTI.

Market participants will be watching the President’s speech tonight, so it will be interesting to see how the market reacts in early trading tomorrow. By the way, we get the weekly jobless claims number tomorrow also. We’ll let you know how the week winds down.

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