Off last Friday due to the holiday and short trading day. This week has been busy with non-market related goings-
ons....and more travel this week and next. Then we're right in the midst of the holidays again. Quick.
Lots of alerts set but not much triggering. The longs are working fine to the upside. There are short candidates that only need to inch up a bit more to get close to their lower highs so that risk can be mitigated and stops can be tight. Then we short 'em and wait for the fall.
Oil meanders around the mid to upper 70's, natty gas sets a new low according to the graph on
UNG, one for which we are patiently waiting. The
VIX appears to be setting up to go under 20. The hey-days of
VIX over 60, 70, 80 (!!!!???) look to be a distant memory. And finally, can gold go any higher?
We'll watch out for the December Effect, which is the new January Effect. Just like Tiger is the new Eliot.
Happy Friday.
DJIA 10,388.90 +22.75
NASDAQ 2,194.35 +21.21
SP500 1,105.98 +6.06
Labels: commentary, economy, energy, holidays, motivation, oil, real estate, vacation, vix