Friday, June 04, 2004
The market rallied on a strong jobs report again. But the volume was weak and we finished way off the highs at around plus 45 points on the Dow. Were up over 100 at one point. I still think the trend is up but we might pause for a bit. Which would give me a chance to get some calls going into expiration the week after next. Gold was up a couple bucks and the XAU and NEM were up good, over a point and a half and 90 cents respectively. Still think waiting on those is the best play for now. Will check the charts over the weekend. We are in a rangebound market overall. Patience is required, however, hard to do. There will be some decent opportunities in the next 2 weeks. I hope to find them. But I don't see any explosive moves at this point. Could be an early indication of the summer doldrums. Will get back here this weekend...
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