DJIA and Nasdaq 100

for week starting 24-Dec-2012


Gold – being one of the few avenue for investor to store value is hovering near a 4 month low, are you going to hold on to the bearish gold, or hold on to USD which offer 0% interest, and infinite printing power?

Last Friday is a volatile day, market is moving down and up and currently surpressed below 13250 pts, support 13150 pts.

I reckon market to trade sideways between these two levels if no major news outbreak.

I am closing my book and not going to trade for the week and planning to enjoy my holiday.
Short trading week on Wall Street - market will be open for half day on Christmas eve, and off to observe Christmas day, resume regular trading on Wednesday but volume is expected to be light.
Cliff talk is still in the picture - tax hikes, and spending cuts decision will be moving the market.