Tuesday, November 10, 2009
The Dow tried to sell off today but instead gained another 20 points. Volume was light and the advance/declines were negative. We're still overbought here but that doesn't mean we won't stay that way. No OEX trades for now. I'd look for some weakness near term. The overall market was weaker than the Dow. But the market will go where it wants. Gold was up a buck and the XAU rose 1/3. ABX, GG and NEM all moved fractionally on good volume. The gold shares tried to sell off and came back as well. I still may try the gold share calls for November again. We are overbought here as well. Mentally I'm feeling OK. Did not feel well last night and took the last half of today off. Luckily the market didn't do much today. Still not feeling 100%. Will try and rest up tonight and get back at it tomorrow.
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