12/22/16 Close

I am still looking for new highs in XLF and the indices, possible starting tomorrow at the open. Likewise, I am looking for new lows in gold and the miners at which point I plan to buy for a decent bounce back to the 4/8 moving averages.

TLT looks like it is ready to sell off again. The dollar, via UUP, closed slightly positive and I think we will see some good upside tomorrow and into the new year.

UNG had a nice shallow retrace and I think it could be about ready to rally again. It is surprising how well nat gas is trading so close to the holidays and with volume. It seems to be the one vehicle that is moving.

screen-shot-2016-12-22-at-6-14-28-pm

One thought on “12/22/16 Close

  1. LOVE YOUR BLOG THANKS FOR SHARING
    WISHING YOU AND YOURS A MERRY XMAS AND HAPPY NEW YEARS

    FROM A LONG TIME TRADER AND FELLOW COLUMBIA GRAD ALUMNI

    Like

Leave a reply to synergy100 Cancel reply