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Dear Fellow Traders,

Only three more shopping days until Christmas and but it looks like the celebrations have come a little early to the tech sector and the NASDAQ.

After trading in a tight range for a month the NASDAQ composite finally broke out to the upside. The range had been narrowing the last few days and I have been waiting for a move one way or another. Taking at look at QQQQ, the ETF of the NASDAQ composite, we are at the year’s high and up 73% from March Low. The break to the upside was done on average volume but it could be just the thing to spark some excitement and push the ETF to the 50 area…

On Monday there wasn’t as much excitement in the Dow Jones as there was in the NASDAQ. The DJIA remains firmly range-bound. Although it was a positive day for the market, the volume was slightly lower than in the past few days. We continue to see support around 10,200 and resistance at 10,550. Unless something major happens I don’t think we will break out of this range before the Christmas holidays, which officially start Thursday afternoon.

Looking at some of our stocks, our trade on RVBF is looking very well. Last Friday I entered the trade around $0,085 and it continues to look positive. Volume was good and the stock was moving in the right direction. We could probably take another run at $0,15 in the next few days.

BGEM is now in correction mode and we will need to wait for the proper reversal sign.

EYSM was a pick on monday, it did try to make a continuation move but faced too much resistance at $0,048-$0,049. I did lowered the size of my position when i saw this, but i still remain bullish and still have a position in this stock. Couple of things happened in a pattern like this, it will normally have one red day and then continue to the upside a little bit like BRYN did a few weeks ago or again it consolidate in this area and basically recharge for the next move.

And again as i always say you need to manage these trade properly.

Also i just wanted you guys to keep an eye on this stock that we started to trade in august at$0,09, as i had pointed at the time this stock can be a quick trade but also people will reap most of the benefits over a 6 to 12 months period in this stock, as the Rare Earth Bull Market unfold and this FLX stock (Traded on the TSXV) is holding very well and is reloading for more upside and definitely somebody is buying the weaker hands slowly…from what we can read on the chart…

Have a Great Trading Day !