Tuesday, December 30, 2025
This is a market that seems to just be waiting around for next year. The Dow fell 95 points on light volume. The advance/declines were slightly negative. The summation index is now tracking sideways. The S&P 500 is still short term overbought. We'll get through tomorrow and take it from there. Gold was up $15 on the futures. The US dollar was higher and interest rates finished little changed. The XAU was up 2 3/4 and GDX added a point. Volume was on the light side. The short term indicators for GDX are beginning to move sideways. The up trend line for GDX comes in at the 80 level. Mentally I'm feeling OK. The VIX was up a touch today and remains short term oversold. Not sure what's next for the VIX but it is at a very low level which would imply more stock gains if it can stay down here. 2025 is coming to a close and it was a losing trading year for me, which was the first since 2021. I'll try and do better in the coming year. It was also a year with very few trades. There were ideas that just missed and some that were simply wrong. It reinforces the fact that the trading is never easy. Asia was generally lower and Europe higher overnight. We'll close out this years trading tomorrow.
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