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Tuesday, August 31, 2004

Dow up 50 points today on a little more volume then late but nothing heavy. Advance/declines almost 2 to 1 positive. The market was weaker most of the day and started to turn around in the last couple of hours. Economic news was weak. Gold was up a little which was encouraging. The XAU was almost up 2 points while NEM and ABX each gained over 50 cents. Volume was light though so I don't read much into it. My ABX calls are showing a profit again. The US dollar was weak and if that keeps up, the calls should work. Looked at GE when it was weaker this morning but did not purchase any calls. Hard to trade the overall market with such light volume but who knows? Something may happen tradewise there this week. Just gonna have to wait for fridays employment data and take it from there I suppose.

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