This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Wednesday, April 05, 2006
The Dow was up 35 points on decent volume. Advance/declines were positive. Employment report is out on Friday. We are up against resistance. We'll see what happens. Gold was up a couple bucks. The XAU rose almost 3 points. ABX and NEM were both up nicely although off of their highs. It is almost time to dump the ABX calls and it could be as soon as tomorrow if I get a signal. We are just about there. They are showing the profit that I always thought they would. Now we could always sell-off tomorrow. There are no guarantees in the business. NEM isn't acting as I would like but there are over 2 weeks to go there too. I need to check the charts there but it is not as overbought as ABX. Gold hasn't hit 600 yet either. I am still feeling ill and will end this post now. I am getting better but not fully recovered as yet...
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