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May 26, 2009 / Jeb

Market Summary May 25th

dj may25The Dow was up and regained to stay above the 20 day moving average even though volume remains quite light.  It does look that the market is rounding and price volume action is poor.  Be careful.  gld may 25Look at GLD.  Gold closed near the high of the day after opening up lower.  Price volume action is good as it approaches all time highs.  Look for GLD to pull back to 20 day before breaking out into new high territory.

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