Pageviews past week

Wednesday, September 08, 2010

The Dow gained 46 points today on again quite light volume. Advance/declines were 2 to 1 positive. Not much data except the Fed book. Obama had a speech for the public. Usually when Obama talks the market goes down, so maybe this is a positive going forward. The extremely light volume is worrisome to me because it will take volume to move this thing higher. So we'll see. I am looking at the October OEX puts now. However it seems as though most market pundits are calling for a swoon here. The market never accommodates the majority. Gold was off a bit today and the XAU fell 1/2. ABX, GG and NEM all had fractional losses on lght volume. I'll continue to wait here on the next gold share trade. The dollar was weaker today but that did not help the precious metal. No volume here either. Mentally I'm doing OK, could have slept better. So it's a waiting game for me here. Only 2 days left this week and then September option expiration week. No trades in sight at the moment. That could change as we progress going forward. We'll see what tomorrow brings.

No comments: