The Daily Dose of Trading Comments

After a good week of higher openings, lower finishes, today looked to be another feather in the bears cap ... until some late day buying showed up. That doesn't mean it was a great day ... it was ok. The small caps continued to find some interest and that usually is what happens in the Santa Claus rally ... the speculators come out of the woodwork. What we didn't see though was a strong finish. A strong finish, where we ended up the day near or at the highs, would get some real momentum going. Right now, that's still missing which brings us to ask the question, how lasting can a rally be?

Although I've been working to put the finishing touches on the next iteration of Naked Trades, my time is limited and it takes a while. My concerns surround the notion that this year end rally looks a whole lot like last years and we know what that means.

As for our portfolio, we made some further gains today. I like the way the precious metals are shaking out. In case you didn't notice, I've started the TA Charts blog to do more of what I like a lot, teaching. In this blog I'll take a given TA matter and take as many posts as is needed to work through it as I see it. Your comments are welcome (just post them on the blog) as well as your requests (just jot be a line).

I'm out of here early today. Got a basketball game to attend with the big fella. See you tomorrow.