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Sunday, May 23, 2004

Sunday afternoon. S&P futures up a bit. Will try to take it easy this week. Maybe get long the OEX if there is a decent sell-off. Will look for gold to hopefully pullback and set up another long position. End of the month and a long weekend coming up. Patience should be the key for this week. No clear signal but the summation index has turned up and the press is sounding bearish. A good reason to look to get long. But I'll try to stay on the sidelines. Options will be pricey with a new cycle beginning. More tomorrow...

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