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Dear Fellow Traders,

The holidays are almost here… Just a reminder that today the market closes early but by looking at some of the volume lately I think that most of the traders are already celebrating.

MERRY CHRISTMAS

Now The first chart I want to show you today is the VIX index, or as some people call it the fear index. The index broke through support at 20, which means volatility is fairly low. Some of the chatter I have heard on the street is that this could mean we are in for a pull back. I think this drop in volatility is more of a reflection of the low volume. And as long as VIX keeps trending down we are okay…

Wednesday was the fourth positive day in a row for the tech sector. Looking at QQQQ, the ETF of the NASDAQ composite it continues to make new highs and on decent volume.

There is not much to write about day regarding the  DJIA. Volume is low and the index didn’t do much on Wednesday. This leaves me to believe that people are waiting until after the holidays to take a position on where the market is going.

Now let’s take a look at some of our stocks. I think BGEM is  exciting. I was expecting to see some support at $0.30 and I saw it Wednesday. $0.30 is just below the 20-day moving average but as i will be taking it easy in the coming week, i did not take a position, but in normal situation i think this would have been a good place to initiate a small entry size position, with the expectation that a new higher high is made.

RVBF is also  exciting because I am seeing some consolidation. I think this should hold over the Holidays and then resume in the New Year.

We were expecting a pull back in EYSM and got it and now we are seeing some good price action at 0.03. If the stock can hold this level this could be another stock that takes off very quickly.

I was also expecting a pull back in ANYT. I put this stock on my watch list Tuesday and it still looks promising. But I’m not in a hurry. I will continue to watch this stock and wait for a pull back and a good entry point.

Finally, URGP was a new addition to the watch list on Tuesday. I think it could run into some resistance at 0.13 cents and until then I will be content just to watch it.

Happy Trading and Happy Holidays and take the time to relax like i will do, it’s important on occasion to leave the table and refresh your spirit….

******** From the 26th to the 3rd, i will be away for another Kitesurfing trip with my family, but i will still monitor the market and have some trades in…i will keep you updated….

Francis