Tuesday, November 25, 2008

Market Summary

The table below is last weeks performance of selected markets. Gold had a good week up 7.5% and is best overall for all the periods listed. The best performers will be at the top of the table, the worst at the bottom when sorted by YTD. And while last week was red for the most part it would have been worse except for the final hours of Friday when the market began to rally. As of today, Tuesday, the market has continued to rally giving the first 3 day rally in some time. With this week being a shortened week we may get a trend reversal and a rally up to the 50 day moving average on the SPY which is at 98 or another 15%. We will just have to wait and see. Click on table to enlarge.

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