DJIA 8,483.93 -31.62
NASDAQ 1,510.32 -19.92
SP500 869.42 -3.38
Indices made retracement during the day to end slightly down. Good action on lighter volume to set up higher prices in next couple weeks.
Metals up.
US bonds consolidating at high levels. All eyes on the Fed.
TBT 120.75 -.14.
Too much talk about oil going lower, so this is not a time to be short oil.
DIG 27.1 +.94. Ultra long oil. Watch list for potential buy on intraday weakness.
DXO 2.3 +.29.
USO 0.92 +1.82.
APL 5.04 -.17. Supposedly 73% dividend.
ANO .3 +.04.
GBG 1.23 +.1.
C 6.57 -.16. Tested 6.5 area last week.
BGU 33 -.21. Bought at 32 last week after C held around 6.5.
PFF 27.95 +.26. 10% dividend. Consider buy of this prefered stock tracking vehicle.
PALM 3.15 -.06. Short if it puts it's head above 5.
STAR 10.52 -.48.
Monday, December 29, 2008
Monday, December 22, 2008
20081219 PM, Small Golds CMG TCK XLF VGZ
Dow 8,579.11 -25.88
Nasdaq 1,564.32 +11.95
S&P 500 887.88 +2.60
10-Yr Bond 2.131% +.057
Quadruple witching.
Metals and oil lower.
CMG 63.76 -.32. Failing at the September high-volume gap. Looks like the uptrend is over.
DRYS 11.23 -1.05. Potential buy after a pullback.
XOM 75.02 -1.98. Is following price of crude oil down. Below 72 and this will keep falling to retrace the recent gains.
C 7.02 -.41. Going lower, so if this gets to 6 1/2 on Monday with lighter volume and looks to then go higher, then can look to buy XLF.
XLF 12.23 -.02. Closed the long options that were up about 100%.
TCK 4.70 +.22. 21% dividend. Buy.
GLD 82.63 -1.24. Looks like gold will need more time backing off before the next run up.
AEM 46.62 +2.95. Strong.
RGLD 44.79 +2.77. Strong. Put on buy watch list.
There appear to have been huge "market on close" sell orders for small gold stocks which caused them to sell off dramatically in the last minute. Was this option strike price manipulation or incompetent fund selling? Placing day buy orders far below the market could pick up this manipulation.
GBG .80 -.46.
GSS .53 -.52.
VGZ 1.00 -.35. Was long in tax-deferred account. These golds appeared to be pulling back from a quick run up, so I happened to close this long at 1.43 late in the afternoon, so luckily avoided the sell-off.
... the entire fiat money system is in crisis - perhaps a terminal one - judging from the calls for a new Bretton Woods agreement by European leaders.
As a result, the powers that be in the US appear to be prepared to do virtually anything to obscure this reality from an increasingly terrified populace ...
Nasdaq 1,564.32 +11.95
S&P 500 887.88 +2.60
10-Yr Bond 2.131% +.057
Quadruple witching.
Metals and oil lower.
CMG 63.76 -.32. Failing at the September high-volume gap. Looks like the uptrend is over.
DRYS 11.23 -1.05. Potential buy after a pullback.
XOM 75.02 -1.98. Is following price of crude oil down. Below 72 and this will keep falling to retrace the recent gains.
C 7.02 -.41. Going lower, so if this gets to 6 1/2 on Monday with lighter volume and looks to then go higher, then can look to buy XLF.
XLF 12.23 -.02. Closed the long options that were up about 100%.
TCK 4.70 +.22. 21% dividend. Buy.
GLD 82.63 -1.24. Looks like gold will need more time backing off before the next run up.
AEM 46.62 +2.95. Strong.
RGLD 44.79 +2.77. Strong. Put on buy watch list.
There appear to have been huge "market on close" sell orders for small gold stocks which caused them to sell off dramatically in the last minute. Was this option strike price manipulation or incompetent fund selling? Placing day buy orders far below the market could pick up this manipulation.
GBG .80 -.46.
GSS .53 -.52.
VGZ 1.00 -.35. Was long in tax-deferred account. These golds appeared to be pulling back from a quick run up, so I happened to close this long at 1.43 late in the afternoon, so luckily avoided the sell-off.
... the entire fiat money system is in crisis - perhaps a terminal one - judging from the calls for a new Bretton Woods agreement by European leaders.
As a result, the powers that be in the US appear to be prepared to do virtually anything to obscure this reality from an increasingly terrified populace ...
Wednesday, December 17, 2008
20081217 1555, USO FAS SSO
DOW 8,886.15 -37.99
NASDAQ 1,587.42 -2.47
SP500 910.71 -2.47
USO 34.8005 -1.6395. Sold for a loss.
FAS 26.33 +.24. Attempting to buy at 26.
SSO Closed long at 26.65 just before market close.
NASDAQ 1,587.42 -2.47
SP500 910.71 -2.47
USO 34.8005 -1.6395. Sold for a loss.
FAS 26.33 +.24. Attempting to buy at 26.
SSO Closed long at 26.65 just before market close.
20081216 PM
Dow 8,924.14 +359.61 (4.20%)
Nasdaq 1,589.89 +81.55 (5.41%)
S&P 500 913.18 +44.61 (5.14%)
Gold 858 +21. Looking for another 80 higher into 940.
Fed cut interest rates to zero and said it will buy more debt. Free money!
Dollar down on Fed announcement. Week dollar is good for market indices to go up.
TLT 116.46 +2.47. Waiting for a failure to short it. Possibly could rally through the calendar year while everyone gets to a "safe" place to square out the year.
HIG 17.28 +3.31. 8% dividend. Lots of upside potential - to 25s - if the volume picks up.
MFC 17.64 +1.15. If it tests 15s on lighter volume, look to buy.
GNW 3.49 +.69. Don't chase.
XLF 12.93 +1.30.
FAS 26.09 +5.81 (28.65%). Direxion Financial Bull 3X. Looking for 30 quickly then check volume when it reaches 32. Could try to scalp this the next couple days.
L 29.12 +2.34. Going to 34 - 35.
MGM 13.48 +1.98. They sold a property yesterday at a loss. Look for three more points quickly.
CSX 33.95 +2.57. Railroad. Buy.
GNCMA 8.18 +.95.
GBN GBG 1.31 +.17. Hold this long for 2.63. Then consider selling some and keeping the remainder for long term. This has volume at highs at 3.85.
TRE 4.17 +.42. Needs volume to sustain move past 4 1/2.
VGZ 1.4599 +.0699.
DIG 31.44 +1.87.
Nasdaq 1,589.89 +81.55 (5.41%)
S&P 500 913.18 +44.61 (5.14%)
Gold 858 +21. Looking for another 80 higher into 940.
Fed cut interest rates to zero and said it will buy more debt. Free money!
Dollar down on Fed announcement. Week dollar is good for market indices to go up.
TLT 116.46 +2.47. Waiting for a failure to short it. Possibly could rally through the calendar year while everyone gets to a "safe" place to square out the year.
HIG 17.28 +3.31. 8% dividend. Lots of upside potential - to 25s - if the volume picks up.
MFC 17.64 +1.15. If it tests 15s on lighter volume, look to buy.
GNW 3.49 +.69. Don't chase.
XLF 12.93 +1.30.
FAS 26.09 +5.81 (28.65%). Direxion Financial Bull 3X. Looking for 30 quickly then check volume when it reaches 32. Could try to scalp this the next couple days.
L 29.12 +2.34. Going to 34 - 35.
MGM 13.48 +1.98. They sold a property yesterday at a loss. Look for three more points quickly.
CSX 33.95 +2.57. Railroad. Buy.
GNCMA 8.18 +.95.
GBN GBG 1.31 +.17. Hold this long for 2.63. Then consider selling some and keeping the remainder for long term. This has volume at highs at 3.85.
TRE 4.17 +.42. Needs volume to sustain move past 4 1/2.
VGZ 1.4599 +.0699.
DIG 31.44 +1.87.
Monday, December 15, 2008
20081212 PM
Dow 8,629.68 +64.59
Nasdaq 1,540.72 +32.84
SP500 879.73 +6.14. Was down 40 points pre-market.
Bad news had markets down and they recovered during the day.
XIDE 4.66 +.92. Possible by at 4. Targets are 6.48 then 7.53.
DRYS 9.37 +0.51. Off the bottom with lots of room above. Consider to buy.
XLF 12.13 +0.23. Quickly going to 13.82 and then can test 15.
If even part of the $50B Madoff Ponzi scheme is true, then this story is remarkable. Persistent stories about "naked shorts" in the COMEX gold futures seemed unbelievable. After all, there is regulation and oversight (apparently not for Madoff).
I am beginning to believe how COMEX gold could be manipulated by a small number of trusted, powerful, and corrupt participants. If massive naked shorting has happened, then the losses have already occurred and we must only wait for the news of the losses to be reported. Such reports would would rapidly and intensely spike the price of gold. A minute later, traders would question other commodities and significant damage to the trust and credibility of "free market" trading exchanges would occur.
Nasdaq 1,540.72 +32.84
SP500 879.73 +6.14. Was down 40 points pre-market.
Bad news had markets down and they recovered during the day.
XIDE 4.66 +.92. Possible by at 4. Targets are 6.48 then 7.53.
DRYS 9.37 +0.51. Off the bottom with lots of room above. Consider to buy.
XLF 12.13 +0.23. Quickly going to 13.82 and then can test 15.
If even part of the $50B Madoff Ponzi scheme is true, then this story is remarkable. Persistent stories about "naked shorts" in the COMEX gold futures seemed unbelievable. After all, there is regulation and oversight (apparently not for Madoff).
I am beginning to believe how COMEX gold could be manipulated by a small number of trusted, powerful, and corrupt participants. If massive naked shorting has happened, then the losses have already occurred and we must only wait for the news of the losses to be reported. Such reports would would rapidly and intensely spike the price of gold. A minute later, traders would question other commodities and significant damage to the trust and credibility of "free market" trading exchanges would occur.
Thursday, December 11, 2008
20081211 1322, USO
DOW 8,727.33 -34.09
NASDAQ 1,553.71 -11.77
SP500 895.09 -4.15
Gold, silver, and oil continue to move up.
USO 39.33 +3.52. Was looking to buy oil today or tomorrow. Bought this morning.
NASDAQ 1,553.71 -11.77
SP500 895.09 -4.15
Gold, silver, and oil continue to move up.
USO 39.33 +3.52. Was looking to buy oil today or tomorrow. Bought this morning.
20081201 PM, gold
Dow 8,761.42 +70.09
Nasdaq 1,565.48 +18.14
SP500 899.24 +10.57
Gold up 35 to 809. Can quickly go up another 100. Watch how it acts at 940-950.
Silver, copper, and fuel up.
WSJ story that Federal Reserve is meeting with Congress to get authority to issue their own debt (for the Fed to issue their own debt). The Fed can already issue debt in the form of Federal Reserve Notes (note = debt), and now they want to issue regular debt.
Fundamentally the dollar is in trouble and now the economic infrastruture is being threatened by the bankers. If we break the infrastructure, recovery will be more difficult.
HOTT 8.64 +.49. Volume needs to come in to sustain the price.
DIG 30.40 +2.68. Oil and gas ETF is holding up and could get to 40 or higher on a bounce. Possible buy later this week.
XLE 48.99 +2.41. Energy SPDR.
Gold miners:
AEM 36.44 +4.70.
GBN .99 +.11.
TRE 3.38 +0.31.
Nasdaq 1,565.48 +18.14
SP500 899.24 +10.57
Gold up 35 to 809. Can quickly go up another 100. Watch how it acts at 940-950.
Silver, copper, and fuel up.
WSJ story that Federal Reserve is meeting with Congress to get authority to issue their own debt (for the Fed to issue their own debt). The Fed can already issue debt in the form of Federal Reserve Notes (note = debt), and now they want to issue regular debt.
Fundamentally the dollar is in trouble and now the economic infrastruture is being threatened by the bankers. If we break the infrastructure, recovery will be more difficult.
HOTT 8.64 +.49. Volume needs to come in to sustain the price.
DIG 30.40 +2.68. Oil and gas ETF is holding up and could get to 40 or higher on a bounce. Possible buy later this week.
XLE 48.99 +2.41. Energy SPDR.
Gold miners:
AEM 36.44 +4.70.
GBN .99 +.11.
TRE 3.38 +0.31.
Tuesday, December 09, 2008
20081209 AM, oil CVG
Silver and gold are moderately lower. If gold will move higher this month, today it should hold the gains from yesterday. If gold gives back the gains from yesterday then it will show weakness (or lack of strength to move higher).
Within a few weeks looking for:
DOW 9500
SP500 970
Oil traded up yesterday. If it trades lower this morning, use this opportunity to buy.
DIG 27.35. Ultra Oil & Gas ProShares
CVG 6.35. 52 week range 4.02 - 17.94. Looks interesting for a longer-term buy in the telco billing area.
Within a few weeks looking for:
DOW 9500
SP500 970
Oil traded up yesterday. If it trades lower this morning, use this opportunity to buy.
DIG 27.35. Ultra Oil & Gas ProShares
CVG 6.35. 52 week range 4.02 - 17.94. Looks interesting for a longer-term buy in the telco billing area.
20081208PM, HIG BGU XLF
DOW 8,934.18 +298.76 (+3.46%)
NASDAQ 1,571.74 +62.43 (+4.14%)
SP500 909.70 +33.63 (+3.84%)
After losing 25% last week, oil was up today.
Gold and silver up.
HIG 14.86 +.27. Day range 14.67 - 18.12. Gapped up, went higher, then lower the remainder of the day. Went long Friday and sold out today for a profit on a small position.
BGU 37.10 +3.72. Closed out a small long position. Triple large cap ETF. DIREXION SHS ETF TR LARGE CAP BULL
XLF 13.67 +.86.
DRYS 7.17 +2.42. An example of being sort lower priced stocks that have already had huge losses.
Short ETFs:
EEV 61.00 -10.45. Gapped down and stayed down.
SRS 78.34 -17.58. There was a time when I thought conservative investors could hedge personal real estate losses with SRS. It is too volatile to be useful for hedging personal real estate and it simply another volatile momentum play on a sector.
In Barron's last weekend, Jonathan R. Laing writes about the housing bubble and suggests that nationalizing mortgages would allow the artifically created housing prices to be maintained. Maintaining an artificial bubble created by the Federal Reserve and Congress is not a good idea, but Jonathan R. Laing writes like a Socialist who believes government best solve every problem.
How to Solve the Foreclosure Crisis
By JONATHAN R. LAING
Listen up, Uncle Sam: Barron's plan to end the foreclosure crisis is bigger, better -- and probably cheaper -- than yours.
NOTHING IS THREATENING THE U.S. FINANCIAL MARKETS, and indeed the U.S. economy, as much at the relentless rise in home foreclosures.
...
That's why Barron's is proposing sweeping action. First and foremost, the government should make that same 4.5% mortgage rate, the lowest in decades, available to all American homeowners through refinancings. Banks and other lenders would write the loans and then sell them to Fannie Mae and Freddie Mac, the secondary-market giants that were nationalized in early September.
...
Meanwhile, the government must help "modify" the most troublesome group of mortgages -- the roughly $500 billion of subprime and Alt-A mortgages that are in arrears and headed toward foreclosure.
...
NASDAQ 1,571.74 +62.43 (+4.14%)
SP500 909.70 +33.63 (+3.84%)
After losing 25% last week, oil was up today.
Gold and silver up.
HIG 14.86 +.27. Day range 14.67 - 18.12. Gapped up, went higher, then lower the remainder of the day. Went long Friday and sold out today for a profit on a small position.
BGU 37.10 +3.72. Closed out a small long position. Triple large cap ETF. DIREXION SHS ETF TR LARGE CAP BULL
XLF 13.67 +.86.
DRYS 7.17 +2.42. An example of being sort lower priced stocks that have already had huge losses.
Short ETFs:
EEV 61.00 -10.45. Gapped down and stayed down.
SRS 78.34 -17.58. There was a time when I thought conservative investors could hedge personal real estate losses with SRS. It is too volatile to be useful for hedging personal real estate and it simply another volatile momentum play on a sector.
In Barron's last weekend, Jonathan R. Laing writes about the housing bubble and suggests that nationalizing mortgages would allow the artifically created housing prices to be maintained. Maintaining an artificial bubble created by the Federal Reserve and Congress is not a good idea, but Jonathan R. Laing writes like a Socialist who believes government best solve every problem.
How to Solve the Foreclosure Crisis
By JONATHAN R. LAING
Listen up, Uncle Sam: Barron's plan to end the foreclosure crisis is bigger, better -- and probably cheaper -- than yours.
NOTHING IS THREATENING THE U.S. FINANCIAL MARKETS, and indeed the U.S. economy, as much at the relentless rise in home foreclosures.
...
That's why Barron's is proposing sweeping action. First and foremost, the government should make that same 4.5% mortgage rate, the lowest in decades, available to all American homeowners through refinancings. Banks and other lenders would write the loans and then sell them to Fannie Mae and Freddie Mac, the secondary-market giants that were nationalized in early September.
...
Meanwhile, the government must help "modify" the most troublesome group of mortgages -- the roughly $500 billion of subprime and Alt-A mortgages that are in arrears and headed toward foreclosure.
...
One Trade Each Year
The Direct Portfolio option of College Invest allows one trade per year. This is not a round-trip trade, just one side of a trade. I have been in the money market fund.
I just went in to the Stock Index Portfolio.
The next allowable trade is the next calendar year, so I expect to switch back to the money market in early 2009. After that, the next trade is targeted for late 2010!!!
I just went in to the Stock Index Portfolio.
The next allowable trade is the next calendar year, so I expect to switch back to the money market in early 2009. After that, the next trade is targeted for late 2010!!!
Saturday, December 06, 2008
20081205 PM, HIG GILD XLF
Dow 8,635.42 Up 259.18 (3.09%)
Nasdaq 1,509.31 Up 63.75 (4.41%)
SP500 876.07 Up 30.85 (3.65%)
The Yen is driving our markets.
GILD 47.39 Up 1.84. Buy for a longer term hold.
HIG 14.59 7.38 (102.36%). Massive volume. Look for 19 quickly.
Nasdaq 1,509.31 Up 63.75 (4.41%)
SP500 876.07 Up 30.85 (3.65%)
The Yen is driving our markets.
GILD 47.39 Up 1.84. Buy for a longer term hold.
HIG 14.59 7.38 (102.36%). Massive volume. Look for 19 quickly.
Friday, December 05, 2008
20081205 1515, HIG short sqeeze
DOW 8,575.28 +199.04 (+2.38%)
NASDAQ 1,493.39 +47.83 (+3.31%)
SP500 867.90 +22.68 (+2.68%)
HIG 15.62 8.41 116.64%. Short squeeze. Look for it to keep going into the close with a gap up on Monday.
NASDAQ 1,493.39 +47.83 (+3.31%)
SP500 867.90 +22.68 (+2.68%)
HIG 15.62 8.41 116.64%. Short squeeze. Look for it to keep going into the close with a gap up on Monday.
20081205 1453, XLF TLT
DOW 8,384.13 +7.89
NASDAQ 1,465.55 +19.99
SP500 849.16 +3.94
Job numbers were released and the U6 unemployment measure (those working part time who want to work full time) is 12%. This lack of full time work is an untold story in the mainstream media.
A positive close can set up a nice base for a Santa Claus rally over the next few weeks. This market is set up for a violent short squeeze.
XLF 12.25 +.38. Day range 11.56 - 12.34.
TLT 111.42 -.88. When this breaks down it will surprise many who have bought Treasury bonds thinking they are safe.
NASDAQ 1,465.55 +19.99
SP500 849.16 +3.94
Job numbers were released and the U6 unemployment measure (those working part time who want to work full time) is 12%. This lack of full time work is an untold story in the mainstream media.
A positive close can set up a nice base for a Santa Claus rally over the next few weeks. This market is set up for a violent short squeeze.
XLF 12.25 +.38. Day range 11.56 - 12.34.
TLT 111.42 -.88. When this breaks down it will surprise many who have bought Treasury bonds thinking they are safe.
Thursday, December 04, 2008
20081104 1230, XLF
DOW 8,507.26 -84.43
NASDAQ 1,478.16 -14.22
SP500 861.52 -9.22
Financials and real estate up while market meanders.
XLF 12.15 .15.
SPG 49.31 +1.82.
NASDAQ 1,478.16 -14.22
SP500 861.52 -9.22
Financials and real estate up while market meanders.
XLF 12.15 .15.
SPG 49.31 +1.82.
20081103PM
DOW 8,591.69 +172.60
NASDAQ 1,492.38 +42.58
S&P 500 870.74 +21.93
Large caps have strength while small caps aren't showing a lot of strength. Solar stocks did good today..
Many ABC ups.
When bonds crack downward, market will rocket up with money rotating out of bonds. Start scaling out of gov't bonds if you are long. (Treasury bonds - not corporate bonds.)
FSLR 133.72 +17.60.
SPWRA 34.40 +4.23. Going to make run for B at 35.2. Tomorrow consider intraday buy scalp.
URE 4.92 +0.61 (14.15%) Ultra Real Estate ProShares. 52 week range 3.07 - 43.38.
SPG 47.49 +2.82 (6.31%) Simon Property Group Inc. 52 week range 33.78 - 106.43.
XTO 35.74 +0.13. Looking for 46.
FCX 18.05 -3.77 (17.28%). 52 week low 17.01 - 127.24. Discontinued dividend. This could be a good low because it couldn't stay at the lows today.
BTU 21.98 +1.27 (6.13%). Going to 27.
AMZN Going to 48.
C 7.82 +0.60 (8.31%).
NASDAQ 1,492.38 +42.58
S&P 500 870.74 +21.93
Large caps have strength while small caps aren't showing a lot of strength. Solar stocks did good today..
Many ABC ups.
When bonds crack downward, market will rocket up with money rotating out of bonds. Start scaling out of gov't bonds if you are long. (Treasury bonds - not corporate bonds.)
FSLR 133.72 +17.60.
SPWRA 34.40 +4.23. Going to make run for B at 35.2. Tomorrow consider intraday buy scalp.
URE 4.92 +0.61 (14.15%) Ultra Real Estate ProShares. 52 week range 3.07 - 43.38.
SPG 47.49 +2.82 (6.31%) Simon Property Group Inc. 52 week range 33.78 - 106.43.
XTO 35.74 +0.13. Looking for 46.
FCX 18.05 -3.77 (17.28%). 52 week low 17.01 - 127.24. Discontinued dividend. This could be a good low because it couldn't stay at the lows today.
BTU 21.98 +1.27 (6.13%). Going to 27.
AMZN Going to 48.
C 7.82 +0.60 (8.31%).
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