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Dear Fellow Traders

It was another interesting day in the market place as the Dow Jones Industrial Average remained near its 14-month high.

**** PLEASE TAKE NOTE THAT WE WILL NOT HAVE ANY ANALYSIS ON Dec 31st and we will be back on January 4th.*** It looked like it was going to be another positive day for the market however some late-day selling caused the DJIA to end in negative territory. Volume is still low so I don’t really want to make any conclusion out of this.

The rally in the tech sector hit a stumbling block Tuesday. The NASDAQ was under pressure for most of the day and closed in negative territory. This move was not surprising; as we can see from QQQQ, the ETF of the NASDAQ Composite, the index rallied for six days straight. It is going to take a few days to determine whether this is just some profit taking or a shift in momentum. I think we could still take a run at the August 2008 highs before we see a major decline. BUT ALL OF THIS IS ON VERY LOW VOLUME…

I don’t think we are going to see a major decline in stock prices, mostly because what is happening in the gold market. If investors are worried about the stock market then we would see them move into safe haven investments like gold and the U.S. dollar. However we are not seeing that action at this moment. GDL, the biggest gold ETF had a down day today. The EFT is trading near the bottom of its range. I think we could see it test support at $106, before getting the signal to re-enter..

Let’s take a look at some of the stocks we are watching. First up is RVBF, which broke below $0.10. I think we are going to see it retest support at $0.08 before any major buyers step in. Volume is still really low and it should remain until the Holiday Season is over.

Another stock I am watching is EYSM. It hasn’t been doing much in the last few sessions. What has been really interesting is that this stock is holding support at $0.02. It hit that mark today and then buyers stepped in quickly. It continues to hover around the 20-day moving average and once the market is back to its regular operations this stock could be ready to move higher.

I am not as optimistic about BGEM in the short term. The stock broke below support at $0.30 and I think it could easily take a run down to $0.20 before buyers come into the market. We have been waiting for volume to return and I think we will have to wait a little bit longer.

I also wanted to mention the stock BRYN. I haven’t talked about it for a while because it has been trading sideways for a few weeks. It is slowly trending lower but I think we could see it hit support around $0.20. That might be a good entry point but again I want to see volume return. It will most probably happen with the next upside move of Gold…

On this i want to wish you a Great Year 2010 and we are working hard at developing new products for you and new applications to make sure you see even better profits in your 2010 trading.

Enjoy the last few days of this Holiday Season and we will see you back Next Year !