Thursday, March 31, 2005
The Dow lost 37 points today on heavy volume. Advance/declines were positive though as we wait for tomorrows employment report. No idea what that will bring. GE was down a few cents. The bid has again disappeared from the April calls I own. Perhaps it will return. Last day of the 1st quarter today also. I would expect some buying with the beginning of the new month and new quarter tomorrow, unless the employment report is a big surprise. Gold was up over a buck today and the gold shares gapped higher. However they could not hold the gains but were still up on the day. The dollar was again lower. The interest seems to have left this market for now. I hope to be there when it returns. Oil was up over a buck and a half and considering that the market held up pretty good. We shall see about the year ending in 5 theory here very soon, within the next week. If this low holds than there is a chance for profits on the May GE calls. If it doesn't hold we are probably in for some real trouble. But first let's get through tomorrow.
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