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Wednesday, December 06, 2006

Early post today as I have to pick up my computer. 10 minutes to go and the Dow is down about 30 points. Advance/declines are slightly negative. I am thinking harder about getting some OEX puts tomorrow. We'll see. Gold got hammered today, down $12. The XAU has held up pretty good, only down a couple of points. I'm not sure that I will get the calls here though. The dollar is starting to rebound. This is a trade that may not work now. I'm going to have to think hard about it. Perhaps it will be better to wait. Tomorrow will tell. I'm leaning more towards the OEX puts before the employment report. That's all I have time for today.

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