This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Wednesday, April 18, 2007
The Dow was up 30 points today on average volume. Advance/declines were negative. I did not do any trades today but perhaps I will buy some puts tomorrow. We are overbought. The overall market has been weaker the past 2 days. There are only 2 days left in this expiration cycle. The risk is high. None the less I might give it a shot. Gold was little changed as the dollar continued weaker. The XAU lost a point and a quarter but the volume was lighter. I think we are due for a rest in the gold market. However I am not looking to short it at the moment. Mentally all is well but the post is short today due to the switching over of this blog to a Google account. Whatever that means. Google must have bought out Blogger. Regardless, I hope it doesn't interrupt my continuing blog. Otherwise, the Dow hit a new high today and the other markets didn't follow again. My belief is that it will lead to lower prices at some point. We'll see.
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