16
Dec
Here Comes Santa Claus
Written by Anna   

 

 

 

HI everyone and a happy holliday season to you! 

Well we are near the end of the year and the question is "Will Santa Claus come to Markets" I sure do think so. We had a small subwave down last week, but remember we were up 5 days in a row. So to me it appears this is a Subwave where the end of the year folks will do what they need to do. Sell their losers and buy more winners. The volume will begin to really drop off later this week or even sooner!  I  just have to say that Apple is now pretty much a "broken stock" and I believe it has allot more pain ahead. I am not shorting or doing a bearish strategy yet, but have that on my mind.

Thinking that most of the profit taking has taken place in Gold and silver, and that it pretty much goes sideways till the end of the year. I will be going long and just letting it work in the emini's.  Dollar is what I keep an eye on carefully as it has been around this 80$ level for quite some time and could break out to the downside (would be my thoughts)there is a large Head and Shoulder pattern on it. Now if the dollar does continue down then gold silver will start at least a wave up.

Hope you enjoy your week and see you hopefully on the blog :)

 


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