Available Mon- Friday after 6:00 P.M. Eastern, 3:00 Pacific.
DOW - 4 on 900 net advances
NASDAQ COMP - 4 on750 net advances
SHORT TERM TREND Bullish
INTERMEDIATE TERM Bullish
STOCKS: The market was captivated by the health care debate on Thursday. When it looked like the bill would pass the Dow was up over 80, but when contrary news hit the tape, we saw selling.
The market is oversold by a number of measures and seems to want to go up, but the health care situation is an artificial overlay suppressing prices. This should resolve fairly soon.
GOLD: Gold gave back $4. We've had a good run. Looks to be minor profit taking.
CHART The Dow and other popular averages have been in a downtrend, but it's not being confirmed by breadth. When there is a conflict, breadth usually (but not always) wins.
BOTTOM LINE: (Trading)