Pretty much done for the day
I was stopped out on my trailing stop in the gold futures. A bit of a bummer as it has the potential to be much more but you have to take what they give and you simply can't give it all back. We'll pick up this idea again Sunday evening when they start trading again. I'm done for the day here unless some of the metals stocks we have picked up trip on their stops. Same idea there.
As for the general market, the early squeeze higher is fading and it doesn't look very interesting to me. The bifercation is now leading to agitation for the bulls as we sink slowly into the red. There are a lot of warning signs out there not to get too comfortable with this idea that we have to go higher because we really don't. We have waning volume and momentum and we are approaching end of year where the apple cart was sent reeling last time.
I'm calling it a day. I've a few more buy orders in as well as sells and stops of course. We've had another good week and will close the days at portfolio highs for the year. That's the way it should be. This weekend I'm going to roll out a new service. It may be a bit clumsy at first and maybe if I get a little more time (or one of you programmers out there wants to chip in) I'll pretty it up, but we can work with the tools at hand to start it. What I'll do is to allow you to ask me to take a look at a stock for you and I'll post my thoughts about it. Naturally I'll try to do a little mark up on the chart as well. Depending on the volume of requests I'll do as many as I can and it may work out to be a good thing for all of us ... I may discover some winners I've missed and you too may do the same. Check in next week to see what you think.
Have a great weekend and do something fun. Get the Christmas shopping list whittled down as there's very little time left. Good day!
As for the general market, the early squeeze higher is fading and it doesn't look very interesting to me. The bifercation is now leading to agitation for the bulls as we sink slowly into the red. There are a lot of warning signs out there not to get too comfortable with this idea that we have to go higher because we really don't. We have waning volume and momentum and we are approaching end of year where the apple cart was sent reeling last time.
I'm calling it a day. I've a few more buy orders in as well as sells and stops of course. We've had another good week and will close the days at portfolio highs for the year. That's the way it should be. This weekend I'm going to roll out a new service. It may be a bit clumsy at first and maybe if I get a little more time (or one of you programmers out there wants to chip in) I'll pretty it up, but we can work with the tools at hand to start it. What I'll do is to allow you to ask me to take a look at a stock for you and I'll post my thoughts about it. Naturally I'll try to do a little mark up on the chart as well. Depending on the volume of requests I'll do as many as I can and it may work out to be a good thing for all of us ... I may discover some winners I've missed and you too may do the same. Check in next week to see what you think.
Have a great weekend and do something fun. Get the Christmas shopping list whittled down as there's very little time left. Good day!
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