December 31st, 2009

Today is the last trading day of 2009.

The market gapped up and very quickly closed the morning gap.

For the bears, we need SPY to close below 112 and QQQQ below 46 level.

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).

December 29th, 2009

After today, there will be 2 more trading days in 2009. So far the market have been slowly climb up in low volume. I am watching gold stocks and spot gold closely for a bounce back up.

December 28th, 2009

The analysts are having a mixed reviews about the the market. Some mentioned that the market is going higher. Others said the market is due for the pullback. I am watching for gold stocks and spot gold closely for entering position.

December 24th, 2009

Are we experiencing Santa rally? If we are, the market is going up in light volume.

I have to say about this year market. The market had volatile move down at the beginning of the year till March. Then the market turned to the upside till November. After that the market traded in a tight narrow range. The market had experienced in the bull and the bear mode.

December 23rd, 2009

Now it seems the gold stocks and spot gold had found a support level here. Watch the dollar currency to do some minor pullback.

December 22nd, 2009

Another gap up this morning. GLD is about to hit 105 area soon. It did dropped down to low 106.