Wednesday, December 24, 2008

Merry Christmas

Today is Christmas Eve and the market closed early. Here is my recap on what I'm monitoring. The DJI, SP500, NASDAQ 100 have all broken it recent uptrend on the downside and starting to retrace toward the November low. Oil continue to fall even after OPEC's latest announced cut. Gold ETF, GLD, is pulling back from upper trendline resistance with contracted volume. AAPL is sliding downward after it broke the bear flag. Here are the charts. Click on them for a larger image and to read my comments on them.













Light trading will persist next week. Have a merry Christmas everyone.


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