Friday, November 17, 2006
The Dow rose 36 points today on average volume. Advance/declines were negative. Perhaps this will lead to a pause in this upturn. Perhaps not. Next week should be slow with Thanksgiving, so I'll wait for that to pass before making any trades. Gold was little changed today as was the XAU. I am going to try and be patient here but it looks like getting long soon is the way to go. I am going to go out to January on the gold shares unless something out of the ordinary happens. SUNH seems to be stabilizing here for now. This is not a trade but a longer term stock that I'd like to buy. I've mentioned it before as it is in the healthcare industry. If it gets to single digits, I'm a buyer. There isn't really much else to say here. We are entering a period where there really isn't usually much action. December is generally pretty slow before the holidays. Perhaps I won't make any other trades for this year. Mentally I'm just hanging around at this point. Options expiration has passed and it will be slow next week. Of course I will be watching everything as usual but the urgency won't be there. I suppose I can get started on writing up my goals for next year and taking a look back at this one. But unless something drastic happens it will probably be a time to be patient...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment