daytrade diaries... december 16, page-14

  1. 9,188 Posts.
    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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