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Monday, March 19, 2007

The Dow rose 115 points on lighter than lately volume. Advance/declines were 3 to 1 positive. Sometimes the Monday after expiration you get a move in the opposite direction of the expiration. If that is the case than todays means nothing and we will head lower from here. All eyes and ears will be on the Fed for the next 2 days. I have no trades in the works here. Gold was just up a touch today and the XAU rose over a point and a half. Volume wasn't anything special. ABX was up around 40 cents but the options I have didn't move. I plan on holding this for a couple of weeks unless something drastic happens. Gold itself is still above the uptrend line of several weeks. Not much else to say, late post...

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