This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Wednesday, July 18, 2012
Continuing higher as the Dow gained 103 points on average volume. The advance/declines were positive. Another day like today and we will break through the resistance on the S&P 500. Todays economic data was better than expected. It looks like the gains in the indices will continue. GE was up 1/8 on light volume. Earnings Friday. Gold was down $18 on the futures as the US dollar was flat on the day. The XAU fell 1 3/4. ABX and NEM were both off around 1/3, while GG fell 1 1/8. Volume was light. My ABX August calls are just about dead. I'm considering moving out to the October calls here. I may place an overnight order for them. Mentally I'm feeling tired. Todays post is abbreviated due to other commitments that I had today. Back at full strength tomorrow.
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