The Daily Dose of Trading Comments

It's never easy is it ... or is it just me. I've worked both sides of the table today and I have little to show for my intraday efforts. The most frustrating part of this advance is that it teases the bears into putting out some stock and then just creeps higher forcing them to be on the wrong side of the market and have to some in and cover. Then you get that little lunge forward as a result and it stairsteps higher.

I did end the day with a DJIA long and will look to stay that way for a while. The bias was wrong today early and until I turned it wasn't pretty as we couldn't get any kind of pullback other than that one early one.

The precious metals are perking up and it's been a while since I felt good about any positions but those are finally looking as if they may be ready to do something. That FNX in particular is looking interesting but as I said before, the volume is very light in this issue so don't get in too deep just in case.

So the day ends at new highs and we certainly look as if we are ready to push to those original targets we laid out almost a month ago. There will come a time where things are not nearly so neat and so simple on the long side but right now nobody's asking questions. I used to hear the term fat and happy when I was young. I think the title dumb and happy is more apt at this point.