Some observations:
- USD strength. USD Index (UDX) clearly looks to have bottomed
- Gold holding ground. Held flat for the night. Good results imo considering night was all about USD strength. Buyers are coming in at these levels.
- US Equities very well supported. Fund managers keeping December rosy. Most likely to boost year-end performance (+ thus year end bonus indexed to year on year fund performance)
- Light volumes
Watching today:
- BMN: how can you not...very unlikely to be a buyer.
- PDN: very strong yesterday. Very tradeable
- BKP: ISIS report initial starting point for this company. Elephant targets in Elephant territory. Great potential in the best sector (oil&gas). Great support here. I expect buying to be done at 0.006 today.
- LRC: expecting solid gains from this gold stock leading in Xmas with drilling almost complete in world class province of Peru.
- BHP/RIO/CBA: watch for mkt direction.
Enjoy your day all
Regards,
followme
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- daytrade diaries... december 16
daytrade diaries... december 16, page-14
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