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Thursday, May 19, 2005

The market continued higher today, up about 30 points. Advance/declines were positive but the volume was light. I suspect it will keep going higher into the expiration. I have no trades on and won't have any until the June cycle. Gold was down and the XAU dropped a bit. I'm going to wait on that market for now. The dollar was higher. I'm thinking of trying another GE trade if we get some pullback. Not sure. It's just time to be patient I believe. Opportunities here were missed so there is really nothing else to do at this point but wait. Not much else to say about today.

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