This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Friday, March 09, 2007
The Dow ended up 15 points today on lighter volume. Advance/declines were positive. We were up 60, down 30. I did put in an order for some OEX puts but they never got filled. The risk is really going up with only 5 days left. I still want to be short going into the inflation numbers but they aren't until the end of the week. It is a tough game to play right now. I'll look things over this weekend and take it from there. Gold was down a few bucks today and the XAU lost about a half. ABX was little changed and my order remains GTC there. Volume was lighter than it has been. I think this will get filled next week but I might adjust it down again. There isn't any interest in gold at the moment and the dollar has been stronger. But this trade goes out to April so I think it is something that I will do. Mentally I am definitely tired because it was a very long day. I was up with the employment report and it really just came out as expected. Trading can take a lot out of you some days and today was one of those days for me. I'm glad it's the weekend and I can relax for a couple of days. I will check the charts over the weekend and come up with a gameplan for next week.
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