This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Friday, September 30, 2005
The Dow up about 15 points on the last day of the month. Volume was average and the advance/declines were positive. I expect a pullback at the beginning of next week. It will happen. Overbought and need a break. GE was up 2 cents and that too should fall early next week. My options are going nowhere. The employment number on Friday will be the mover, I believe. We'll see. Gold was down a few bucks and the XAU lost a point and a half. Volume was light on the gold shares. I need to be careful here. The put options are showing a slight profit. I will have to determine some downside targets over the weekend. That's if all goes well. Still three weeks on the options. Mentally in a slight funk due to outside influences but it goes with the territory. Getting better on the routine. Might be back here over the weekend. More work to do though. Not a lot of thoughts at the moment. Need to break for a couple days but it will be tough. The market never sleeps...
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