2012 November 1 - CLOSE

I've been a little slammed these last few days, and Hurricane Sandy limited market activity earlier in the week.  Either way, I've attached Volume and Price over the past few days, so we can analyze the change in volume and price.  I've attached the info from 11/1/2012 (yesterday) and from 10/31/2012 (Wednesday).

As you can see, equities moved up on the first day of trading after hurricane Sandy.  But look below at the volume on 10/31...it's pretty weak.  GOOG has been rising on weak volume, which isn't a huge deal since it plummeted October 18.  IWM continues to trade in the $80.50- $82.50 range, and it appears to be trading at resistance this morning after the jobs report showed modest gains.

XOM continues to bounce off of the $90 level.  It was moving up in a nice channel, but it is recovering nicely.  There is some resistance at the 20 and 50 day moving averages, so today is going to be an interesting Friday on XOM.

Gold (GLD) is the one I'm watching.  As it continues to drop each day, I'm considering accumulating some positions on the way down.  Gold is bearish right now, so I'm looking for it to swing up after moving down for the next 20-30 days.