A Holiday Markets Update

The holidays are in full swing for me right now, so just a quick update.

After trading sideways for three weeks at the center dashed midline of the October trading range, CDNX is moving back up towards the top of the trading range, where we can begin to look for a possible 3rd reversal point to the downside.

The PM stock indexes keep grinding their way higher since the breakout from their October 16th four-point triangle, which I’m using as the new trading range until something changes. SLV continues to lead the way higher, with GLD now trading at a new all-time high after breaking out from its own triangle consolidation pattern.