Tuesday, October 12, 2010
The Dow gained 10 points on average volume. Advance/declines were positive. The Fed minutes came out. Nothing new there. We were lower, we were higher and ended up in the middle. Nothing really going on so far this week as far as market movement but that could change. 3 days until expiration. No OEX trades in the works. Gold lost $7 on the futures. The XAU fell 3/4. ABX, GG and NEM were flat to slightly negative on light volume. There is an outside chance that I'll try something with the ABX calls this week but it's extremely risky. The dollar lost just a touch. Probably the best course of action here would be inaction. Mentally I'm feeling OK. Not much going on as I've already stated. It's earnings season so that might cause some movement to individual issues. The overall market is still overbought. That won't last forever. On to tomorrow.
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