This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Tuesday, August 23, 2005
The Dow lost 50 points today on summer volume which wasn't much. Advance/declines were negative. No catalyst to go higher here but we are oversold. Might just be drift until Labor Day is over. Gold was up over a buck with the XAU down a tad. No volume there either as interest in anything just isn't there right now. I think there will be some opportunity but now doesn't seem the time. NEM is at support at $40. Will be interesting to see if it holds. I still want some calls there but must be patient for now. Not much else to say. Really in the summer doldrums. Mentally I don't feel as sharp as I can be but who knows. Just trying to take it easy here and wait for the next trade.
No comments:
Post a Comment