Really slow market today - light holiday volume and very little news kept the markets in a small range all day. Federal reserve notes mentioned a few members interested in printing more dollars and gold liked that (hitting the $1700 level). I like the DOW 11,500 level and would love to see it drop to the 11,300... however it hung tough at 11,500. I'm thinking about putting 50% cash into small caps tomorrow. I have all day to decide as my order will not be effective until the end of the day.
I'm just looking for a small rally in stocks. I'd be plenty happy with a 2% gain and more than likely I'd jump ship after making my money. But here's the kicker when investing this way... You have to hold that trade until it is a gain. Even when it goes the wrong way, you can't let it become a loser. I'll post tomorrow after the market gets going.
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