Pageviews past week

Tuesday, November 25, 2014

More of the same as the Dow fell 2 points on average volume.  The advance/declines were slightly positive.  It's mixed bag here really with no major moves one way or the other.  The remainder of this week will be muted as traders will be leaving early tomorrow and Friday is a shortened session.  So we will wait and be patient.  GE was off 1/8 and the volume remains light.  Still waiting on a possible chance to get some of the March calls here/  Gold was barely higher on the futures as the US dollar lost ground today.  The XAU gained 2 2/3 though as it trades near the 50 day moving average.  ABX up 1/3, GG rose 7/8 and NEM added 1/2.  Volume was pretty good to the upside here which is surprising considering the holiday mode.  Perhaps the gold market knows something we don't.  Or not.  Mentally I'm feeling OK.  The trend remains up and the song remains the same for the stock indices.  I'm expecting tomorrow to be a light volume affair.  There will be some economic data reported but I don't think we'll really be back in the swing of things until next week.  Gold and gold share indices are at their 50 day moving averages.  A move through there would be constructive for the bullish cause here near term.  My ABX January calls are still very much in the black.  We'll see what happens overnight and go from there.

No comments: