Well, it's the last trading day of the month and judging by the volume this month, hasn't been a particularly great month for anyone. Looks like stocks are going to close out August with a 2% gain on the S&P 500. More interestingly the gold market is up over 4% for the month!
It seems as though the markets are saying in gold we trust and not Bernanke.
When everyone returns from their Labor Day weekend, we expect the markets to have more volume and activity. At the moment, August will go in the books as one of the lowest volume months ever!
When we return in September the market will be fixated on the ECB and what Mario Draghi and Europe may or may not do.
That is what I love about the markets, they are never boring.
To all our American members and readers, enjoy a safe and happy Labor Day.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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