Wednesday, December 30, 2009

December 30th, 2009

The market gapped down. In the first 30 minutes, it closed the gap. It seems like the market will make lower high and lower low from yesterday. The gold stocks and spot gold are continue to settle down around this area (GLD between 105 to 107ish).
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5 comments:

  1. BASDecember 30, 2009 at 10:25 AM

    I added some spxu at the gap fill (I was too slow the first time, but left limit trade in and it filled 15-20 minutes later).

    Short term momemtum is switching down with that slip into close yesterday. Not sure if bears can keep pushing it down.

    crupeck

    ReplyDelete
  2. gcl106December 30, 2009 at 10:38 AM

    The dollar and the U.S. market are decoupling. Both of them are no longer inverse to each other.

    ReplyDelete
  3. gcl106December 30, 2009 at 2:03 PM

    There is a minor support at 112 for SPY and 46 for QQQQ.

    ReplyDelete
  4. BASDecember 30, 2009 at 2:57 PM

    well, this is why i hate holding a position.

    2x spxu went up .20-.30.. could have ditched..but no.. i just watch it reverse.. oh well.

    trying to think long term.. but now we are back to yesterdays close.

    doloodg

    oh well.

    ReplyDelete
  5. BASDecember 30, 2009 at 4:00 PM

    Nice... SPY close near the HIGH of the day.

    #$%#

    colested

    ReplyDelete

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