This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Tuesday, April 14, 2009
We lost some ground today as the Dow fell 137 points on better volume. Advance/declines were 2 to 1 negative. No sense of panic here or much else of anything. We are meandering around here. It looks like I won't have any OEX trades this week at this point. 3 days to go in the April option cycle. We've been working our way higher in a trading range for a few weeks. I don't see any great shakes but I could be wrong. Gold lost a few bucks and the XAU fell a point. Kind of the same story here as well. Moving sideways for the last week and a half. ABX and GG slightly higher with NEM slightly lower. Volume slow once again. I'm leaving in an open order for GG May calls. It may take a while but I think the May gold share calls are the next trade. So we'll see. There hasn't been a lot of interest in gold lately but I'm willing to give it a shot. Mentally I'm a bit tired, did not sleep all that well. Expiration week continues and we haven't seen a lot of volatility. Sometimes you just have to be patient. It isn't easy. So I'm on the sidelines and waiting. And we'll go from there.
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