Powerful move up today in the markets. The Dow climbed over 160 points on heavy volume. Advance/declines were over 2 to 1 positive. GE and INTC were both higher on good volume. I am now regretting adjusting the price on the GE March calls that I wanted. They would have been filled if I just left the ticket alone. But I went for a better price and it didn't happen. Perhaps GE will drop in the coming days and I will get another chance. But with todays action that isn't likely. The Intel calls are showing a profit and there is some kind of announcement from the company tomorrow. No matter. The longer term play is in GE and perhaps I should have just kept the focus on that. Gold was up a few bucks today but again, the gold stocks went nowhere. ABX was up a little, NEM down a little and the XAU basically unchanged. ABX has shown incredible relative strength here. The dollar was down again. Oil got killed today, down over $3. Probably helped the Dow rally. But interest rates are starting to rise. Sooner or later, that will affect the markets. For now though, it's still up and away. Employment report on Friday and we'll see what happens there.
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