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Wednesday, June 06, 2007

There is an hour to go today and we are down 150 points on the Dow. I have early afternoon commitments again and have to post early. Advance/declines are about 5 to 1 negative at the moment. The summation index has rolled over and is giving a sell signal. Needless to say the OEX puts would have worked out nicely. Gold didn't do much today but the XAU is down a point and a half right now. Needless to say it will be interesting to see how the markets close today. One of the reasons I did not put on a position early this week is because I knew I couldn't stay until the end of the trading day today. There is still time to make some money before the expiration next week. However the risk will be rising with each passing day. More tomorrow...

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