This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Wednesday, November 02, 2005
The Dow gained 66 points today on good volume. Advance/declines were 3 to 1 positive. We are going higher. The summation index has turned upwards. I will buy some OEX calls on any pullback, It will work. GE was up just a bit today and that isn't good for my options. I really need to see GE get going here. I don't think this trade will work. Gold bounced back $4 today and the XAU was up 2 points. But the volume was weak and we have stalled at a downtrend line. I need to see us get through this line on good volume to feel good about this. NEM was up a bit on light volume. That is the key. Volume. We really need it to pick up here for gold or this trade will be a loser. Employment number on Friday and that could hold the key.
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