Thursday, December 24, 2009
Up another 53 points on this holiday shortened session. Volume was extremely light. The advance/declines were 3 to 1 positive. We're moving higher but it is hard to get excited when the volume just isn't there. It could be a fake out. Overbought now as well. Gold had a good day, up $10 but the gold shares did not follow. The XAU was up 1/2. ABX, GG and NEM had fractional moves on very light volume. My ABX trade is still in the black. I'm really going to have to think about this one over the long weekend. Light volume rallies are never a good thing and that's what we've gotten here. Perhaps it is just a sign of the holiday times but I'm not so sure. Mentally I'm feeling OK, slept well enough. I'll check the charts over the weekend and take it from there I guess. Happy Holidays everyone.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment