BRIEF UPDATE and MERRY CHRISTMAS (3:00 pm EST)
The broad stock market may be peaking now and about to take a corrective dip. The highs in the DOW and S&P 500 on Monday (and NASDAQ on Tuesday) could be the top or these indices could edge higher tomorrow, Friday, or even into early next week. We are now out of our long position and may consider shorting the market over the next several trading days; if not, we will just wait for a corrective bottom to buy.
Gold and silver appear to be "breaking out" as prices surged up Monday and Tuesday. Even so, there is still the possibility of a corrective dip soon which could give us a chance to go long in both metals.
WISHING A MERRY CHRISTMAS TO ALL READERS OF THE BLOG!
The broad stock market may be peaking now and about to take a corrective dip. The highs in the DOW and S&P 500 on Monday (and NASDAQ on Tuesday) could be the top or these indices could edge higher tomorrow, Friday, or even into early next week. We are now out of our long position and may consider shorting the market over the next several trading days; if not, we will just wait for a corrective bottom to buy.
Gold and silver appear to be "breaking out" as prices surged up Monday and Tuesday. Even so, there is still the possibility of a corrective dip soon which could give us a chance to go long in both metals.
WISHING A MERRY CHRISTMAS TO ALL READERS OF THE BLOG!
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