Market Summary

As can be seen from the chart below we were not able to maintain a closing price above the 1150 level which is where we saw resistance back in January of this year. Resistance levels often take several attempts to break through if we are to go higher. A failure at this level would be noted by a closing price below 1131 and the Volatility Index $VIX above 24. Click on chart to enlarge.

For the year gold is up 17.40% followed by the EEM up 6.37% and the small cap index up 6.12%. For the week gasoline and oil were up the most up 7.83% and 6.68% respectively, followed by the EEM up 2.97%. Click on table to enlarge.