Dow Jones Industrial Average At one point early in the morning today the Dow Jones Industrial Average was up over 100 points. By late morning the Dow Jones Industrial Average had given back the gains and was down small. The Russell 2000 was somewhat lagging and the NASDAQ had some strength. By around 1:30-2:00 the Dow Jones Industrial Average started stabilizing and then at 3:30 exploded, closing up 123 points. The Dow Jones Industrial Average is somewhat oversold after being down over 650 points on Thursday and Friday. With 7 business days left until the end of the year, I am expecting the S&P futures to get into the 2040-2090 range equating to the 17500-18000 range in the Dow Jones Industrial Average. I have been stating that if I was a long term investor I would look to sell and be 100% in cash if the Dow Jones Industrial Average gets into the 17800-18400 range. A couple weeks ago the Dow Jones Industrial Average got above the 17800 level before trading down to 17100. There is a lot of volatility and I expect more volatility in 2016. I think there is a very good chance that the Dow Jones Industrial Average could retest the lows of 2015 in 2016. Crude Oil Today crude oil continued to trade below 35 dollars a barrel. There are no clear patterns in crude oil. It is very good for the consumer that heating oil and gasoline are pushing down to new lows. Every time crude oil tries to lift its head it is met with heavy selling. Gold Today gold traded above the 1081 level. At the end of the day gold pulled in about 5 dollars off of the highs of the day. Gold is starting to get somewhat overbought. If gold gets into the 1090-1100 range I would look to get short. Gold is in a range between 1040 and 1090.