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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.

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