Thursday, December 24, 2015
A very quiet day of Christmas Eve trading as the Dow dropped 50 points on extremely light volume. The advance/declines were positive. The summation index continues higher. My SPY January calls are still in the red. GE fell 1/8 on very light volume. Gold was up seven bucks as the US dollar was weaker on the session. The XAU was up a little over a point, while GDX added 1/3. The same very light volume here. Mentally I'm feeling OK. Next week should be slow. Perhaps some early buying in anticipation of next year or some late tax loss selling. I do not expect anything dramatic. Perhaps the Santa Claus rally will appear. We'll see. Merry Christmas everyone.