Markets

Short week for the stock market last week from the Thanksgiving holiday. The markets did show a rebound but I'm still choosing to not to place any trades on sector affiliated securities. I did enter a position on GLD because of it's solid bounce of the 200 day Moving Average. I'm keeping a tight stop on the GLD position  at $166.90.  If GLD doesn't quickly move in my favor then I want out of the position. Petroleum report shows decrease in inventory with increase in demand. The petroleum news if favorable for my USO position and i'm hoping for a solid rally over the next few months.