This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Friday, April 07, 2006
The Dow lost 96 points today on light volume. Advance/declines were over 4 to 1 negative. There just weren't too many buyers. We were also up against the top of the channel in the S&P 500. No trades here for now. Gold was down 6 bucks and the XAU lost over 3 points. I would like to buy back some calls here at some point. There are 2 weeks left for this option cycle. It won't be easy. I might even just pass on it but probably not. I will check the charts over the weekend. I think we will get one more move up before the options expire. I'm still not feeling 100% but I do feel better than earlier in the week. I do need to rest. Therefore, another short post today.
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