Monday, December 29, 2008

20081229 PM, Bonds Oil PFF PALM ANO

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.

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