Wednesday, June 13, 2007

watch for now

The past few days have been full of swings and volitility. Being options expirtation week its a bit tuff to judge the market. After today's action i have a bit more of a bullish outlook but i will sit in a 90% cash position until i feel more comfortable with a trend and day trade the swings when i can.

Silver - Silver is back sitting on the 200dma support, might be time to re-enter here but i am not as confident as last time. The action today did seem a bit bullish. My advice would be to take a very small position here with caution

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