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Friday, January 12, 2007

The Dow rose 41 points on average volume. Advance/declines were positive. The market did pretty good for itself really. But now we are short term overbought and moving to longer term overbought. GE was down a few cents today and did not participate. That isn't exactly what I needed to see. GE is overbought too. I have hung around this trade for way too long. The calls are worth what I paid for them and it looks like I'll be around for the earnings next Friday. That wasn't the plan or my intention. Running late here today and will try and continue this blog over the weekend. Gold had a good day.

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