DOW 8,046.42 +494.13 (+6.54%)
NASDAQ 1,384.35 +68.23 (+5.18%)
S&P 500 800.03 +47.59 (+6.32%)
C 3.77 -.94. Day range 3.05 - 5.53.
CNSL 7.82 -.3. Day range 7.27 - 8.88.
19% dividend. Expect a bounce into and through next week. After that will depend on how the indices move.
EEV 97.5 -28.57. Day range 89.37 - 118.50.
DRYS 3.54 -.26. 52 week range 3.04 - 116.43.
The 21% dividend will be cut.
XLF 9.68 +.29.
VGZ .98 +.14.
Many miners closed strong, following the price of gold and silver.
Sunday, November 23, 2008
Friday, November 21, 2008
20081112 AM, CNSL
Some of the closing prices in the previous post were apparently incorrect. CNSL appears to have closed at 8.12, so it did make it back to the 8.25. 15% dividend for a phone company!
The DOW had volume down yesterday. S&P down volume yesterday wasn't that heavy. Nasdaq had down volume.
Citigroup management is calling for short sale restrictions. Last month this didn't stop the price declines - people are selling and buyers have left the room. We don't need more market rule changes. We need more balance sheet transparency - no level 3 "assets", and no off-balance-sheet anything.
Gold is volatile and starting to shine.
Option expiry this weekend. When this passes, there could be some reduction in volatility.
Asia and Europe are trading higher.
The day after Thanksgiving has a seasonal tendency for the US markets to trade higher.
The DOW had volume down yesterday. S&P down volume yesterday wasn't that heavy. Nasdaq had down volume.
Citigroup management is calling for short sale restrictions. Last month this didn't stop the price declines - people are selling and buyers have left the room. We don't need more market rule changes. We need more balance sheet transparency - no level 3 "assets", and no off-balance-sheet anything.
Gold is volatile and starting to shine.
Option expiry this weekend. When this passes, there could be some reduction in volatility.
Asia and Europe are trading higher.
The day after Thanksgiving has a seasonal tendency for the US markets to trade higher.
Thursday, November 20, 2008
20081120PM, XLF VMW AA
Dow 7,553.56 -443.72 (5.27%)
Nasdaq 1,316.12 -70.30 (5.07%)
S&P 500 752.44 -54.14 (6.71%)
Markets sold off into the close. Oil down to $48/barrel. Bulk unleaded about to go below $1. Silver down .35 while gold up $10. Yen up, dollar up, pound down. US Treasury bonds were all bid up.
C 4.71 -1.69.
Massive volume. Saudi investor increased stake to 5%.
XLF 9.4 -1.12.
VMW 19.61 -.15.
Was positive until the last minutes of the session.
CNSL 8.12 -1.69.
Near retest of 8.25.
AA 6.85 -1.31.
Big volume.
Nasdaq 1,316.12 -70.30 (5.07%)
S&P 500 752.44 -54.14 (6.71%)
Markets sold off into the close. Oil down to $48/barrel. Bulk unleaded about to go below $1. Silver down .35 while gold up $10. Yen up, dollar up, pound down. US Treasury bonds were all bid up.
C 4.71 -1.69.
Massive volume. Saudi investor increased stake to 5%.
XLF 9.4 -1.12.
VMW 19.61 -.15.
Was positive until the last minutes of the session.
CNSL 8.12 -1.69.
Near retest of 8.25.
AA 6.85 -1.31.
Big volume.
20081120 1430, VMW ZYXI SBUX
DJIA 7,890.07 -107.21
NASDAQ 1,369.45 -16.97
SP500 788.49 -18.09
VMW 20.13 +.37.
Has been showing relative strength. Bought at 20.20 and sold Nov 22 1/2 covered calls.
ZYXI 1.89 -1.08.
Luckily had order to sell that filled on Tuesday. Though still long some shares. Apparently the company missed a SEC filing. Looking like a pump-and-dump by their management.
SBUX 7.54 -.43.
Continuing to make lows.
NASDAQ 1,369.45 -16.97
SP500 788.49 -18.09
VMW 20.13 +.37.
Has been showing relative strength. Bought at 20.20 and sold Nov 22 1/2 covered calls.
ZYXI 1.89 -1.08.
Luckily had order to sell that filled on Tuesday. Though still long some shares. Apparently the company missed a SEC filing. Looking like a pump-and-dump by their management.
SBUX 7.54 -.43.
Continuing to make lows.
2008120 1130, FAS
DJIA 7,929.10 -68.18
NASDAQ 1,387.05 +0.63
SP500 795.78 -10.80
FAS 18.15 -2.82.
Trailing stock closed this long.
XJZLI 1.94 -.26. XLF call.
NASDAQ 1,387.05 +0.63
SP500 795.78 -10.80
FAS 18.15 -2.82.
Trailing stock closed this long.
XJZLI 1.94 -.26. XLF call.
20081120 1049, ISIL FAS
DJIA 7,949.33 -47.95
NASDAQ 1,384.19 -2.23
SP500 797.49 -9.09
ISIL 8.82 -0.2.
Was briefly positive. Daily low 8.34.
FAS 18.22 -2.75. 3x financial long.
Bought in a tax-deferred account.
NASDAQ 1,384.19 -2.23
SP500 797.49 -9.09
ISIL 8.82 -0.2.
Was briefly positive. Daily low 8.34.
FAS 18.22 -2.75. 3x financial long.
Bought in a tax-deferred account.
20081120 1029, EEV XLF
DJIA 7,847.30 -149.98
NASDAQ 1,364.13 -22.29
SP500 785.35 -21.23
Markets opened with gap down. This can reverse positive, so am closing some shorts. There can be violent rebounds today.
EEV 119.2 +7.97.
Closed this long position (which is a double short).
XLF 9.8 -.72.
Bought December 9 call at 1.74.
NASDAQ 1,364.13 -22.29
SP500 785.35 -21.23
Markets opened with gap down. This can reverse positive, so am closing some shorts. There can be violent rebounds today.
EEV 119.2 +7.97.
Closed this long position (which is a double short).
XLF 9.8 -.72.
Bought December 9 call at 1.74.
Wednesday, November 19, 2008
20081119 PM, DOW Close Below 8000
DOW 7,997.28 -427.47 (-5.07%)
NASDAQ 1,386.42 -96.85 (-6.53%)
S&P 500 806.58 -52.54 (-6.12%). Near 2002 low.
DOW closed below 8000. Relentless selling with some big price drops, though volume is not extreme. A day last week it looked like we could have a move up into options expiration this week, and this has not happened. More selling with a lack of buyers to support price.
Consumer price index fell a record 1% last month, in large part due to oil prices falling. Excluding food and energy the index fell .1% - first decline since 1982. This signals more Fed rate cuts, mimicking the Japanese' futile attempt to stimulate twenty years ago and their nearly zero interest rate.
Financials are in terrible shape and had volume moving down today. Yesterday Treasury Secretary Paulson said he had used some bailout funds to stabilize financials. Really?
BAC 13.06 -2.13 (14.02%).
C 6.40 -1.96 (23.44%)
MFC 16.55 -1.64 (9.02%).
52 week low. Covered short too early several days ago because it was just "hanging around".
ISIL 8.84 -.91.
Scalp short intraday.
EEV 111.23 +15.29 (15.94%).
Staying short and looking to sell around 191. Will watch how it does in 190s to 207.10 52 week high.
SBUX 7.97 -0.41.
52 week low. No real obvious support level to stop the downtrend from 40. Nearly ten years of buyers are underwater.
AA 8.16 -1.32 (13.92%).
Nearly twenty years of buyers are underwater.
SHY 84.61 +0.12. iShares Lehman 1-3 Year Treasury Bond.
52 week high. If you must buy a stock, this short-term bond is somewhat safe until/if the dollar breaks down dramatically. Stay away from buying long-term bonds.
CNSL 9.81 Down 1.13 (10.33%).
Last month there was a tick down to 8.25. If there were real trades there, then it looks like it will retest that price.
MCHP 17.51 -1.53 (8.04%).
52 week low. (Relatively safe) short opportunity to 15, then watch if it can break lower.
GOOG 280.18 -17.24 (5.80%).
52 week low. Every buyer since 2005 is underwater. When this does bounce, it may be vicious.
SRS 225.55 +48.72 (27.55%).
All time high with average volume. Am holding on to this wild ride. Vicious retracements.
SWN 30.38 -2.07 (6.38%).
Can easily retest October low around 20. When energy bounces, this can go to 40 and more.
NASDAQ 1,386.42 -96.85 (-6.53%)
S&P 500 806.58 -52.54 (-6.12%). Near 2002 low.
DOW closed below 8000. Relentless selling with some big price drops, though volume is not extreme. A day last week it looked like we could have a move up into options expiration this week, and this has not happened. More selling with a lack of buyers to support price.
Consumer price index fell a record 1% last month, in large part due to oil prices falling. Excluding food and energy the index fell .1% - first decline since 1982. This signals more Fed rate cuts, mimicking the Japanese' futile attempt to stimulate twenty years ago and their nearly zero interest rate.
Financials are in terrible shape and had volume moving down today. Yesterday Treasury Secretary Paulson said he had used some bailout funds to stabilize financials. Really?
BAC 13.06 -2.13 (14.02%).
C 6.40 -1.96 (23.44%)
MFC 16.55 -1.64 (9.02%).
52 week low. Covered short too early several days ago because it was just "hanging around".
ISIL 8.84 -.91.
Scalp short intraday.
EEV 111.23 +15.29 (15.94%).
Staying short and looking to sell around 191. Will watch how it does in 190s to 207.10 52 week high.
SBUX 7.97 -0.41.
52 week low. No real obvious support level to stop the downtrend from 40. Nearly ten years of buyers are underwater.
AA 8.16 -1.32 (13.92%).
Nearly twenty years of buyers are underwater.
SHY 84.61 +0.12. iShares Lehman 1-3 Year Treasury Bond.
52 week high. If you must buy a stock, this short-term bond is somewhat safe until/if the dollar breaks down dramatically. Stay away from buying long-term bonds.
CNSL 9.81 Down 1.13 (10.33%).
Last month there was a tick down to 8.25. If there were real trades there, then it looks like it will retest that price.
MCHP 17.51 -1.53 (8.04%).
52 week low. (Relatively safe) short opportunity to 15, then watch if it can break lower.
GOOG 280.18 -17.24 (5.80%).
52 week low. Every buyer since 2005 is underwater. When this does bounce, it may be vicious.
SRS 225.55 +48.72 (27.55%).
All time high with average volume. Am holding on to this wild ride. Vicious retracements.
SWN 30.38 -2.07 (6.38%).
Can easily retest October low around 20. When energy bounces, this can go to 40 and more.
Tuesday, November 18, 2008
20081118 1208 ISIL
DOW 8,467.92 +194.34 (+2.35%)
NASDAQ 1,494.67 +12.62 (+0.85%)
S&P 500 864.69 +13.94 (+1.64%)
ISIL 9.8 -.37.
Relentless selling at 52 week low. More downside ahead?
NASDAQ 1,494.67 +12.62 (+0.85%)
S&P 500 864.69 +13.94 (+1.64%)
ISIL 9.8 -.37.
Relentless selling at 52 week low. More downside ahead?
Friday, November 14, 2008
20081114 1424 EEV
DOW 8,793.44 -41.81 (-0.47%)
NASDAQ 1,566.64 -30.06 (-1.88%)
SP500 900.23 -11.06 (-1.21%)
EEV 85.78 +10.23.
Went short from 86.9. Looking for indices to go flat/positive and then put in a tight trailing stop to cover this short intraday.
NASDAQ 1,566.64 -30.06 (-1.88%)
SP500 900.23 -11.06 (-1.21%)
EEV 85.78 +10.23.
Went short from 86.9. Looking for indices to go flat/positive and then put in a tight trailing stop to cover this short intraday.
20081114 1250 EEV MFC
DOW 8,575.84 -259.41 (-2.94%)
NASDAQ 1,538.83 -57.87 (-3.62%)
SP500 880.38 -30.91 (-3.39%)
MFC 19.01 +.01.
Covered short.
EEV 86.46 +10.91.
Went short at 89.2 as intraday market index downdraft seemed to have been stopping and ready to reverse. Update @ 1302: covered at 86.9.
NASDAQ 1,538.83 -57.87 (-3.62%)
SP500 880.38 -30.91 (-3.39%)
MFC 19.01 +.01.
Covered short.
EEV 86.46 +10.91.
Went short at 89.2 as intraday market index downdraft seemed to have been stopping and ready to reverse. Update @ 1302: covered at 86.9.
20081114 1022 EEV APL
DOW 8663.53 -171.72.
Nasdaq 1548.46 -48.24.
SP500 888.47 -22.82
EEV85.67 +10.12.
Covered at 82.78 this morning.
APL 10.35 -1.89.
Price action says something is wrong. 32% dividend.
Nasdaq 1548.46 -48.24.
SP500 888.47 -22.82
EEV85.67 +10.12.
Covered at 82.78 this morning.
APL 10.35 -1.89.
Price action says something is wrong. 32% dividend.
Thursday, November 13, 2008
20081113PM Markets Reject Lows
DOW 8,835.25 +552.59 (+6.67%). Day 7,965.42 – 8,876.59.
NASDAQ 1,596.70 +97.49 (+6.50%)
SP500 911.29 +58.99 (+6.92%)
Index multi-year lows were taken out with a big downtick of +1500 without massive volume. Markets then reversed upside with big volume.
DOW is quickly going to 9600.
Nasdaq is quickly going to 1785 and then 1893.
Commodities including copper closed strong.
Gold impressively reversed and closed higher.
Many stocks tested lows intraday and reversed higher. Those that did so without massive volume can go higher and not need to retest the lows today.
EEV 75.55 -30.64 (-28.85%).
Shorted from 102 a few days ago. Stay short for a few days, though keep a close eye on it to close the short.
TNA 42.60 +8.60 (+25.29%).
Direxion Shares ETF Trust Small Cap Bull 3x. Triple leverage and trades like a stock.
XLF 13.41 +0.91.
Can quickly go to 16 and 20.
XJZAN 1.29 +.28 (+27.72%).
XLF JAN 14 call. Buy and look to sell in next five weeks when XLF gets to 16 or then to 20.
FAS 43.33 +7.63 (+21.37%).
DIREXION SHS ETF TR FINL BULL 3X. Buy.
APL 12.24 +.53.
28% dividend. Day range 10.26 - 12.39. 52week range 11.45 - 46.97. Made 52 week low and closed higher without massive volume. Buy.
DIG 32.82 +5.90 (+21.92%).
Fundamentally oil and other commodities are going higher due to excess money creation causing inflation. This has options.
FCX 26.01 +3.72.
52 week range 21.94 - 127.24. Today range 21.50 - 26.05. Today made 52 week low and reversed higher without making massive volume. 8% dividend. Buy.
ICO 3.11 +.62 (24.90%)
Day range 2.42 - 3.11. 52 week range 2.45 - 13.9. Made 52 week low and rejected it with average volume and closed at day high.
GBN 1.02 +.02.
Gold miner that is producing. Buy.
NASDAQ 1,596.70 +97.49 (+6.50%)
SP500 911.29 +58.99 (+6.92%)
Index multi-year lows were taken out with a big downtick of +1500 without massive volume. Markets then reversed upside with big volume.
DOW is quickly going to 9600.
Nasdaq is quickly going to 1785 and then 1893.
Commodities including copper closed strong.
Gold impressively reversed and closed higher.
Many stocks tested lows intraday and reversed higher. Those that did so without massive volume can go higher and not need to retest the lows today.
EEV 75.55 -30.64 (-28.85%).
Shorted from 102 a few days ago. Stay short for a few days, though keep a close eye on it to close the short.
TNA 42.60 +8.60 (+25.29%).
Direxion Shares ETF Trust Small Cap Bull 3x. Triple leverage and trades like a stock.
XLF 13.41 +0.91.
Can quickly go to 16 and 20.
XJZAN 1.29 +.28 (+27.72%).
XLF JAN 14 call. Buy and look to sell in next five weeks when XLF gets to 16 or then to 20.
FAS 43.33 +7.63 (+21.37%).
DIREXION SHS ETF TR FINL BULL 3X. Buy.
APL 12.24 +.53.
28% dividend. Day range 10.26 - 12.39. 52week range 11.45 - 46.97. Made 52 week low and closed higher without massive volume. Buy.
DIG 32.82 +5.90 (+21.92%).
Fundamentally oil and other commodities are going higher due to excess money creation causing inflation. This has options.
FCX 26.01 +3.72.
52 week range 21.94 - 127.24. Today range 21.50 - 26.05. Today made 52 week low and reversed higher without making massive volume. 8% dividend. Buy.
ICO 3.11 +.62 (24.90%)
Day range 2.42 - 3.11. 52 week range 2.45 - 13.9. Made 52 week low and rejected it with average volume and closed at day high.
GBN 1.02 +.02.
Gold miner that is producing. Buy.
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