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Friday, April 07, 2006

The Dow lost 96 points today on light volume. Advance/declines were over 4 to 1 negative. There just weren't too many buyers. We were also up against the top of the channel in the S&P 500. No trades here for now. Gold was down 6 bucks and the XAU lost over 3 points. I would like to buy back some calls here at some point. There are 2 weeks left for this option cycle. It won't be easy. I might even just pass on it but probably not. I will check the charts over the weekend. I think we will get one more move up before the options expire. I'm still not feeling 100% but I do feel better than earlier in the week. I do need to rest. Therefore, another short post today.

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