Dow up over 20 points with advance/declines about even. Volume was moderate. GE continues to be way overbought and up another 40 cents today. It needs a pullback. Gold was off 3 bucks or so today with the XAU down a couple points. NEM was down around a dollar and ABX was around unchanged. The relative strength of ABX is amazing and should be played to the upside on a pullback. Trouble is a pullback just hasn't happened. I've somehow got to be patient or else I could get burned. Pfizer was higher early on but then closed down for the day. Options expire tomorrow, that could skew things. Holiday week next week so some time premium should erode. I would not expect a lot of volume either. So maybe it is time to just sit tight for a couple weeks and plan the next trade. I'm looking for the March GE calls and now the January ABX calls. No plans for a December trade now but that will probably change. Dollar was a little stronger today. Not much else to say here...
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