On OTCBB - Technicals look ugly but seem to have found support around the eight cent level for the last few days. OBV showed slight accumulation last Thurs-Fri and then selling this week on Mon-Tues. SP currently up but OBV says it was sold into. Technicals show no significant indications of possible news leakage, as has sometimes been in the past. Looking for a halt and then news of PP being completed. Quick check of the web and the company site shows nothing, yet. Might go beyond the 23rd.
S&P and Dow saw a major pop Tuesday. Is the Santa Claus rally in because the big fund managers need to pad their bonuses? Housing starts were better, but we have seen this before and it was never good for a near 300 point Dow move. So what was it? Bonds in Spain. Interest rate was much less than expected. Eurozone playing games to make things look better. Still thinking that selling into strength might be a good idea. Get in synch with the Market ups and downs and you can do well. Be aware that the Eurozone problems are not going away and will get really ugly beginning around the middle of 2012.
Gold and Silver not reacting as strong as the equities Market. At least at this time. Other commodities might be a better bet for the short term, like oil and grains. China starting to buy grains, but strong dollar keeping grain plays muted, although they have moved. Inflation play will catch up to this, but nothing is a guarantee in this rough Market. Again, getting in synch can be beneficial.
Hope everyone's week has been agood one and you are nearly ready for the big Holiday Weekend.