Wednesday, December 22, 2010
The light volume levitation continues as the Dow gained 26 points. Advance/declines were positive. Still overbought, still moving higher and the holiday week rise continues. No sellers to be found but that will change eventually. GE gained 30 cents on light volume. My January calls gained some ground. GE remains overbought as well but I'm holding on into next year. Gold lost a touch and the XAU fell 1 2/3. ABX lost 1/2, GG down 1/4 and NEM dropped 3/4. Volume was very light again. The dollar dropped a touch as well. I'm looking at the gold share calls for January and will probably purchase something next week. That is the game plan for now. Mentally I'm doing good. One trading day left for the week and then a long weekend break. Right now everything is proceeding according to plan. We'll see how long that lasts.
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