Thursday, September 27, 2007
The Dow rose 35 points today on light volume. Advance/declines were 2 to 1 positive. It seems like we are just hanging around here with a slight upside bias. End of the month tomorrow. There isn't much that I can make of the markets action here. I'm on the sidelines until there is a valid signal. Gold was up 4 and change today. The XAU rose over 2 points. Volume was heavy to the downside for NEM again and light on the upside for ABX. Waiting for something there as well. GE was up a touch on light volume. Not much to report today. Oil had a good day up over $2. Mentally I'm tired with not a good nights sleep. It's a waiting game for now. That's all there is to it. You've got to be patient and wait for the opportunity. If we get a pullback it will be a chance to get long. If we continue to rise perhaps a shorting opportunity will present itself. However the trend is up and you don't really want to go against that. So there you have it. It's not very exciting but the market will do what it does and you can't argue with that.
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