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Good Morning,

I hope everyone was able to rest during the four-day holiday celebration. I sometime have a tough time to leave the market behind and relax properly, when it’s closed then i know i dont miss anything which feel even better… Markets are open for 3 days 1/2 this week. We might not see as much volume this week as normally, but there are definitely some strong sector that are part of the NASDAQ that are flying right now, it’s great for options trade. As far as Penny Stock goes, there are some interesting patterns but volume are low and more difficult to trade.

So at that point it becomes a personal choice and i decided to take it easy this week, so you will see post about some of the stocks on our watchlist but i will not be trading actively in front of my screen before the 4th.

Despite the low activity there is some excitement in the market that we need to pay attention to.  The Dow Jones Industrial Average is trading near the top of its range and if it continues on this path, we could look to break through resistance at December’s high of 10,566.

I think there is a good chance we could see new highs in the Dow mostly because of the tech sector. The NASADAQ continues to make new highs for the year and that optimism is spilling over to the rest of the market. However, QQQQ, the ETF of the NASDAQ composite, is close to a strong resistance (48.57 is August 2008 high, which is the area I am closely watching) and with little volume traders might not need many reasons to take some profits.

I also want to show a chart of gold prices. The precious metal has made a lot of headlines this month.  Taking a look at the biggest gold ETF, GLD, we can see some consolidation in prices. $105 appears to be some support but I don’t know how strong it is. We need to get a strong reversal sign.

Let’s now look at some of the stocks we have been watching recently. Because of the holiday season volume is extremely low and it will be difficult to determine any specific patterns. RVBF continues to do relatively well and on Thursday support held at $0.11. This is a good sign of strength and might encourage more buyers when investors come back into the market place.

EYSM is also holding its support level at $0.03, which is encouraging. I do want to be a little careful because I don’t know how strong $0.30 is. We might take a run at 0.02 before buyers come back in.

I like what I am seeing in BGEM. The stock is holding the support level of $0.30, which is around the 20-day moving average. I want to see some volume come back into the market but this could be a good area to buy.

I have also started watching ANYT and I like what I see. The stock hit resistance around $0.10 and we saw some profit taking but there were some signs of strength on Thursday, which tells me there are still buyers interested in this stock. If the stock falls to $0.05-0,06 it could be a good entry point and we would need to get a clear reversal sign with that.

Finally URGP appears to be hitting resistance at $0.12 but volume keeps going down so I just want to sit on my hands and watch what this stock is going to do.

Have a Great Trading Week !