20091229 PM, SPG

Dow 10,545.41 -1.67
Nasdaq 2,288.40 -2.68
SP500 1,126.19 -1.59
30-yrBond 4.687% +0.084

GLD 107.47 1.08
SLV 16.81 0.41
PTM 18.21 0.16

XLE 57.53 0.38
XLF 14.42 0.06

VXX 32.60 0.01

NGD 3.65 +0.04
PAAS 24.05 -0.04
RBY 4.83 -0.10
TRE 3.43 -0.15

AONE 22.46 +1.59. 52 week range 14.31 - 28.20. Can test 25.
SPG 82.04 -1.00. Intraday 52 week high. 52 week range 24.27 - 83.82. Insiders are cashing in options and selling out. Consider going short.

20091228 PM

Dow 10,547.08 +26.98
Nasdaq 2,291.08 +5.39
SP500 1,127.78 +1.30
30-yrBond 4.687% +0.084. Interest rates are going up, which will make mortgages less affordable.

Am not putting any new money into any markets.
Market indices look to go a little higher on light volume.
Talk is that above-ground oil storage is nearly full, so looking for oil price to weaken.

GLD 108.55 0.19
SLV 17.218 0.048
PTM 18.3725 0.3425

XLE 57.91 0.10
XLF 14.48 0.05

VXX 32.61 0.01

RBY 4.93 +0.13. Intraday 52 week high and all time high. Strong miner.

CNSL 17.16 +0.38. Near 52 week high on decent volume (decent considering low-volume week in markets).
FTK 1.50 +0.20. Off the bottom yesterday and today with volume and price. Price working into November gap.

20091224 Weekend, GBG VXX

Dow 10,520.10 +53.66
Nasdaq 2,285.69 +16.05
SP500 1,126.48 +5.89
30-yrBond 4.6870% +0.0840

Short trading week. Stock indices made highs on lighter volume. Next week will also be short with lighter volume.
All eyes are watching government bonds for higher interest rates. Highest spread EVER between the different terms, which indicates people don't want the longer terms. The only group buying government debt appears to be the Federal Reserve cartel.
Weekly gold closed over 1100.
After markets closed for the week, tax cheat Tim Geithner of the Treasury said Fannie & Freddie will have an unlimited backstop (raised to unlimited from $200 billion).

GLD 108.36 +1.81
PTM 18.03 +0.56
SLV 17.17 +0.36

XLE 57.81 +0.27
XLF 14.53 +0.13

VXX 32.60 -0.28. iPath S&P 500 VIX Short-Term Futures ETN. 52 week range 32.16 - 120.00. While this can keep going lower, particularly next week when there will be less market volume, the lower this goes the more explosive the move up will be.

GBG 1.74 -0.04. 52 week range 0.87 - 1.90. Can buy some here and buy more on a pullback.
EXK 3.85 +0.07
PAAS 24.21 +0.18
RBY 4.80 +0.10. Intraday 52 week high. 52 week range 0.91 - 4.93.
TGB 4.40 +0.02

F 10.13 +0.05. Intraday 52 week high. 52 week range 1.50 - 10.20.
REN 11.61 -0.03. Resolute Energy Corporation. At yearly highs.

20091218 Weekend, Miners

Dow 10,328.89 +20.63
Nasdaq 2,211.69 +31.64
SP500 1,102.47 +6.39
30-yrBond 4.4580% +0.0420

Metals sold off this week. Looks like gold is stabilizing without a retest of 1050.

GLD 108.95 +1.61
SLV 16.95 +0.16
PTM 17.52 -0.28

XLE 56.15 -0.01
XLF 14.22 +0.16

EXK 4.16 +0.41 (10.93%). 52 week range 0.93 - 4.00. Good volume. Huge price spread.
NGD 3.43 +0.01. 52 week range 1.19 - 4.59. Big volume. Earlier this week the shutdown of the Mexican mine was conditionally lifted.
PAAS 24.04 +0.75. 52 week range 12.62 - 27.31. Watch how this tests 25 area.
RBY 4.49 +0.19. 52 week range 0.91 - 4.80.
RGLD 48.13 +1.13. 52 week range 34.16 - 55.96. Made a bid for International Royalty.
TGB 4.31 +0.09. 52 week range 0.55 - 4.33. Resistance in 5s, and blue skies above 6.

BBY 39.50 -1.44. Significant weakness.

20091217 PM

Dow 10,308.26 -132.86
Nasdaq 2,180.05 -26.86
SP500 1,096.08 -13.10
30-yrBond 4.4160% -0.1170

GLD 107.34 -4.25
SLV 16.79 -0.57
PTM 17.80 -0.34
XLE 56.16 -0.48
XLF 14.06 -0.27

Dollar higher. Metals lower and expecting a small metals bounce. Looking for gold to test 1050.

AEM 53.99 -6.21 (10.32%). Gapped away. High volume at 51 and 21.
NGD 3.42 -0.20
PAAS 23.29 -1.59. Going to 18.

CECO 22.88 -5.47 (19.29%). Massive volume.

20091207 1240

Dow 10,429.10 +40.20
Nasdaq 2,196.78 +2.43
SP500 1,108.42 +2.44
10-YrBond 3.43% -0.0540

Dollar just had a quick drop.

ROY 6.7001 +2.2501 (50.56%). International Royalty Corp back to 2008 highs on takeover news.

20091204 Weekend

Dow 10,388.90 +22.75
Nasdaq 2,194.35 +21.21
SP500 1,105.98 +6.06
30-yr Bond 4.413% +0.084

There was great enthusiasm with the labor unemployment report, though the enthusiasm did not turn into 500+ point up day.
The dollar went up over a point and metals took a big hit. Metal and mining stocks too big hits which kept the indices from printing bigger gains. For setting up higher sustainable gold prices, this gold pullback is healthy.

Largely overlooked was the news of Dubai World creditors refusing delays on interest payments. This will cause issues to the issuers of the CDS "insurance" that is backing the debt.

GLD 113.753 -4.947
SLV 18.15 -0.47
PTM 18.80 -1.24

XLE 55.90 -0.41
XLF 14.63 +0.27

NGD 3.80 -0.15

AGQ 68.43 -3.45
RBY 4.279 -0.171
ROY 4.45 -0.08

20091203 PM, Speculative Miners

Dow 10,366.15 +86.53
Nasdaq 2,173.14 +11.89
SP500 1,099.92 +9.32
10-YrBond 3.38% -0.0570

Indices sold off into the close.
Unemployment report to be released Friday.

GLD 118.39 -0.79
SLV 18.50 -0.39
PTM 19.80 +0.07

XLE 56.36 -0.87
XLF 14.33 -0.33

NGD 3.94 -0.22. Added to the long at 4.05 when it opened.
RBY 4.41 -0.12

AGQ 71.88 -2.01
JJC 44.50 -0.25

Speculative miners:
CGFIA 0.0022 +0.0007. Colorado Goldfields. Will have shareholder meeting in a small town by their mill.
PGXPF 0.6785 -0.0214. PELANGIO EXPL
MPUCF 0.39 +0.05. MONETA PORCUPINE MIN

20091202 PM

Dow 10,452.68 -18.90. New yearly high then turned lower.
Nasdaq 2,185.03 +9.22
SP500 1,109.24 +0.38. Pushing at overhead resistance, though with lighter volume.
10-YrBond 3.32% +0.0480

Dollar 74.643 +0.278. Dollar higher AND metals higher. With dollar going higher, was looking for a metals pullback and therefore sold metal position AGQ.

GLD 119.21 +1.83. A weekly close above 1254 and gold may start moving up $100 per day. Mainstream talk is turning toward being bullish gold. Is anyone bearish gold? It would be long-term bullish if gold first pulls back to 1050s before going above 1254.
SLV 18.91 +0.13
PTM 19.73 +0.61

XLE 57.13 -0.44
XLF 14.64 -0.03

AGQ 73.89 +0.89. Sold at 73.27.
NGD 4.16 +0.39. Heavy volume during day then spiking higher into the close, so went long at the close at 4.16. May pick up a little more in the morning if it opens lower.

AAPL 196.23 -0.74. Fractionally lower with volume.
GS 166.66 -0.97

CNSL 15.79 +0.24. Nice price move off the recent pullback.

FXP 7.59 -0.04

Metals:
AEM 67.69 +2.23
ANO 0.8692 -0.0408
EXK 3.90 -0.05
GBG 1.71 +0.10 on heavy volume. Starting up production, so is good stock to accumulate over next few months.
JJC 44.75 +0.68
MMG 0.90 +0.07. 52 week high.
RBY 4.51 -0.02
ROY 4.70 +0.07
SLW 17.30 +0.30
TRE 3.80 +0.04

20091202 1155

DJIA 10,455.56 -16.02
NASDAQ 2,187.13 +11.32
SP500 1,109.00 +0.14

AGQ 73.78 +0.78. Trailing stop sold the long position at ~73.28 for ~7.71 per share gain.

JJC 44.69 +0.62
NGD 4.02 +0.25
ROY 4.84 +0.21
RBY 4.49 -0.04

20091201 PM, Africa

Dow 10,471.58 +126.74. New yearly high.
Nasdaq 2,175.81 +31.21
SP500 1,108.86 +13.23
30-yrBond 4.275% +0.081

Dollar lower and metals higher.
Sold some metals to take profits. Still overweight metals.

GLD 117.38 +1.74
SLV 18.77 +0.62. Touched 19.13.
PTM 19.12 +0.61

XLE 57.57 +0.75
XLF 14.67 +0.01

ANO 0.91 +0.12 (15.19%)
JJC 44.07 +0.5875. 52 week high. Sold at 43.93 for .68 per share gain. Illiquid.
RBY 4.53 +0.18. Sold partial position at 4.46 for 1.66 per share gain.

AAPL 196.97 -2.94. Sold off into the close.
BBY 43.53 +0.70

MMG 0.831 +0.061 (7.94%). 52 week range 0.11 - 0.95.
ROY 4.63 +0.43 (10.24%). 52 week high on big volume.

Africa has long-term potential.
AFK 28.8999 +0.7999. Market Vectors Africa ETF. 52 week range 17.05 - 31.14.
EZA 57.59 +1.55. iShares MSCI South Africa Index. 52 week range 28.40 - 58.74.

20091130 PM

Dow 10,344.84 +34.92
Nasdaq 2,144.60 +6.16
SP500 1,095.63 +4.14
30-yrBond 4.1940% -0.0170

Last Thursday, Thanksgiving, Dubai World announced it was unable to make payments on debt of $59M - 100M.
Friday the markets opened down and moved off the lows throughout the short trading day. The market and metals sold off, while the dollar moved higher.

GLD 115.64 +0.58
SLV 18.14 +0.19
PTM 18.40 +0.02

XLE 56.84 -0.18
XLF 14.66 +0.38

JJC 43.49 +0.68
RBY 4.35 +0.06

AIG 28.40 -4.90
BBY 42.83 +0.00

EXK 3.73 +0.00. Showed relative weakness during the trading day, though closed flat.
TGB 3.40 +0.31 (10.03%)

20091124 PM, BBY, Copper

Dow 10,433.71 -17.24
Nasdaq 2,169.18 -6.83
SP500 1,105.65 -0.59
30-yrBond 4.257% -0.03

Asia was down on news that China banks need more money.
Indices quickly sold off at the open, then recovered throughout the day.
US markets will be closed Thursday and 1/2 day Friday.

GLD 114.73 +0.44
SLV 18.25 -0.02
PTM 18.016 -0.014

XLE 57.66 +0.33
XLF 14.70 -0.11

JJC 43.33 +0.23. Yesterday made 52 week high of 43.9. iPath DJ AIG Copper TR Sub-Idx ETN.
RBY 4.29 -0.08

BBY 42.85 -0.86. 52 week range 17.80 - 44.32. Considering buying tomorrow and selling Friday.

EXK 3.73 -0.13. Yesterday made 52 week high of 4.

Copper producers to consider on a pullback:
NXG 3.24 +0.03
PCU 34.82 -0.23
TGB 3.08 -0.07

20091118 PM

Dow 10,426.31 -11.11
Nasdaq 2,193.14-10.64
SP500 1,109.80 -0.52
30-yrBond 4.299% +0.049

GLD 112.25 +0.28
SLV 18.23 +0.10
PTM 17.7997 -0.1503

XLE 58.44 -0.23
XLF 14.98 +0.12

JJC 43.31 +0.29. Went long at 43.25.

DBB 20.74 +0.00
DBA 26.25 +0.01

EXK 3.66 +0.22. 52 week high with big volume.
RBY 4.27 +0.02
TRE 3.64 +0.05

20091118 1516

Dow 10,408.02 -29.40
Nasdaq 2,188.13 -15.65
SP500 1,107.92 -2.40
30-yrBond 4.2990% +0.0490

Market tested lower prices. If the lower prices are rejected into the close, look for a retest of Monday highs later this week.
Options expire this weekend.

GLD 112.17 +0.20
SLV 18.20 +0.07
PTM 17.73 -0.22

XLE 58.32 -0.35
XLF 14.95 +0.09

JJC 43.22 0.20. Went long at 43.25.

RBY 4.25 +0.00

20091118 0935

Dow 10,409.30 -28.12
Nasdaq 2,195.96 -7.82
SP500 1,108.36 -1.96
30-yrBond 4.253% +0.003
Dollar 75.027 -.342. Is testing below 75.

Economic news has new home construction plunging unexpectedly. Speculation that buyer tax credit will be extended and expanded.

Indices are down only fractionally, so looking for intraday recovery and in the next couple days a retest of Monday highs.

GLD 112.51 +0.54. Another all time high.
SLV 18.40 +0.27
PTM 17.95 +0

XLE 58.68 +0.01
XLF 14.85 -0.01

DBA 26.55 +0.31
DBB 20.80 +0.06
JJC 43.46 +0.44. Look to go long near day low of 43.244.

RBY 4.23 -0.02. More relative weakness is troubling for the longs.
TRE 3.67 +0.08

20091117 PM, Copper

Dow 10,437.42 +30.46
Nasdaq 2,203.78 +5.93
SP500 1,110.32 +1.02
30-yrBond 4.25% -0.008

Higher: dollar, market indices, metals. The relationship of dollar move higher sending the market indices lower (and vice-versa) will likely reassert itself tomorrow.
Staying long the metals. May evaluate lightening up on Friday.

GLD 111.97 +0.34
SLV 18.13 +0.12
PTM 17.95 +0.20

XLE 58.67 -0.10
XLF 14.86 +0.04

ANO 0.82 +0.04
EXK 3.44 +0.13. 52 week high.
NGD 4.35 +0.07
RBY 4.25 -0.01
TRE 3.59 -0.03

Copper and base metals:
DBB 20.74 -0.13. PowerShares DB Base Metals. Aluminum, zinc and copper.
JJC 43.02 +0.09. iPath DJ AIG Copper TR Sub-Idx ETN.

20091116 PM

Dow 10,406.96 +136.49
Nasdaq 2,197.85 +29.97
SP500 1,109.30 +15.82
10-YrBond 3.331% -0.098

Some divergences in indices and components; not all components are strong.

Dollar quickly sold off when Bernanke spoke, sending commodities and indices up. March 2008 the dollar index hit 71.05. Over several years the dollar can go to 52 against the basket of peer paper currencies.

GLD 111.63 +1.89. Gold higher with volume. Gold is above all highs so there is no resistance. Anyone picking specific higher numbers is using projections while anyone calling a top at these prices will likely be receiving a margin call. The inflation-adjusted high of gold is around 1760, though that price was traded for less than a day so it won't present much inflation-adjusted price resistance. Gold looks to quickly go to 1200. If gold goes to 1200 the dollar will be in 72s, which will cause energy and other import prices to spike. Year-end gold of 1250 is quite achievable.
SLV 18.01 +0.86. Silver for December delivery launched 1.02 higher with volume. Silver can follow through to 22.
PTM 17.75 +0.55

XLE 58.77 +1.50
XLF 14.82 +0.16

FXI 46.35 +0.97
FXP 7.26 -0.33

DBA 26.05 +0.50. 52 week range 21.52 - 28.87. There are widespread reports of feed corn moulding in the fields.

SRS 8.53 -0.40. Made 52 week low today. 52 week range 8.36 - 295.72.

BBY 42.93 +1.05. Near 52 week high.
F 8.71 +0.30. Near 52 week high.

ANO 0.78 +0.03
GBG 1.62 +0.06
GOLD 83.88 +3.00
NGD 4.28 +0.13
RBY 4.26 +0.00. Day range 4.20 - 4.39. Other miners up and this closed flat.
SWC 9.03 +1.33
TRE 3.62 +0.12. Nice move on nice volume. Watch how it handles resistance around 4. Jim Sinclair audio interview from last Friday.

20091113 Weekend

Dow 10,270.47 +73.00. Resistance is 10,300.
Nasdaq 2,167.88 +18.86
SP500 1,093.48 +6.24
10-YrBond 3.43% -0.0170

GLD 109.77 +1.56
SLV 17.15 +0.23
PTM 17.30 +0.54

XLE 57.26 +0.35
XLF 14.70 +0.01

Gold looks to test 1130. After closing above 1000 for several weeks, the four-digit round number has been decisively overcome. The risk for shorts is that gold jumps higher to 1200 some night and then goes to 1300.
Platinum had a good week while silver again lagged gold.

Bonds were higher today and the dollar was lower. People are beginning to whisper about the possibility of a worldwide rolling currency crisis. A currency crisis could start in Eastern Europe and drag down the Western European banks that made housing loans in Eastern Europe. Australia, Norway, and Israel have recently raised rates and these may be safer paper currencies.

EXK 3.23 +0.12
FXP 7.59 -0.26
GENZ 49.28 -3.89. Below March 6 low on huge volume.
MMG 0.65 +0.06. Intraday 52 week high. 52 week range 0.11 - 0.80. While .80 may have been a bad tick, the .70s were traded.
NGD 4.10 +0.29
NXG 3.02 +0.08. Buy at 2.41.
RBY 4.26 +0.15
ROY 4.14 +0.10
SLW 15.23 +0.35
STT 40.52 -0.14. Potential short on a bounce.
TRE 3.45 -0.03

20091111 PM, COMS

Dow 10,291.26 +44.29. 52 week high.
Nasdaq 2,166.90 +15.82
SP500 1,098.51 +5.50
30-yrBond 4.414% -0.001

Veteran's Day holiday with banks closed.
Dollar slightly higher and metals higher.
Gold made another new high and looks to test 1134.

GLD 109.60 1.21
SLV 17.29 0.26
PTM 16.90 0.62

XLE 58.19 0.02
XLF 14.97 0.20

COMS 5.69 +0.28. After hours news that HP will buy our 3 Coms. Huge call options volume before the news was announced.
EXK 3.27 +0.04. Intraday 52 week high.
GBG 1.59 -0.02. Down on light volume. Consolidation. Fundamentally a potential long.
SRS 8.99 -0.33. UltraShort Real Estate ProShares. 52 week range 8.46 - 295.72.

20091111 1538

Dow 10,289.90 +42.93
Nasdaq 2,165.28 +14.20
SP500 1,098.35 +5.34
30-yrBond 4.414% -0.001

Little market activity with Veteran's Day and bank holiday in the USA.

Dollar slightly higher and metals also slightly higher.

GLD 109.42 +1.03
SLV 17.25 +0.22
PTM 16.83 +0.55

XLE 58.17 -0.04
XLF 14.94 +0.17

20091110 PM

Dow 10,246.97 +20.03. Another new high this year.
Nasdaq 2,151.08 -2.98
SP500 1,093.01 -0.07
30-yrBond 4.415% +0.014

Indices and dollar closely followed their inverse correlation.

GLD 108.39 +0.20
SLV 17.03 -0.26
PTM 16.28 -0.12

XLE 58.21 +0.04
XLF 14.77 -0.05

20091109 PM

Dow 10,226.94 +203.52
Nasdaq 2,154.06 +41.62
SP500 1,093.08 +23.78
30-yrBond 4.401% +0.007

Market indices gapped higher and steadily went higher throughout the day.
Metals higher. Gold closed over 1100. Next prices are 1120 and 1140.

GLD 108.19 +0.76
SLV 17.288 +0.198
PTM 16.40 +0.15

XLE 58.17 +1.09
XLF 14.82 +0.51

RBY 4.33 +0.14. 52 week high, set last month, is 4.8.

EXK 3.34 +0.16 (5.03%). 52 week high. 52 week range 0.83 - 3.42.
RBS 13.52 +1.11 (8.94%). ROYAL BANK ADS. Big price move the recent low.

20091107 Weekend, MPUCF, VIP

Dow 10,023.42 +17.46
Nasdaq 2,112.44 +7.12
SP500 1,069.30 +2.67
30-yrBond 4.3940% -0.0180

Gold touched 1100 intraday. All time high. India bought ~200 tons of gold from the IMF this week. Silver has a long way to go before making all time highs.

GLD 107.43 +0.45
SLV 17.09 -0.03
PTM 16.25 -0.19

XLE 57.08 -0.15
XLF 14.31 -0.06

CNSL 14.17 +.01. Putting in a base here. Nearly 10.9% dividend.
MPUCF 0.2155 +0.0414 (23.78%). Miner featured in "Rick's Picks". May be worth watching for when this gap is filled.
UUP 22.83 -.11
VIP 19.52 -0.24. Barron's had a positive article on the Russian mobile carrier that plans to move it's headquarters to Amsterdam.

20091105 PM, UUP trading halt

DOW 10,005.96 +203.82
NASDAQ 2,105.32 +49.80
SP500 1,066.63 +20.13
10-YrBond 3.53% -0.0130

Big gain in market indices. Dollar and commodities mixed.

GLD 106.98 -0.12
SLV 17.12 -0.02
PTM 16.44 -0.02

XLE 57.23 +0.96
XLF 14.37 +0.36

FNM 1.12 +0.03. Fannie is insolvent and continues to be propped up by the Fed (buying the Fannie debt) and the Treasury (taxpayer money injections). The Treasury is going to inject $15 billion more of taxpayer funds into the failed Fannie to keep it alive. Fannie has already taken $45 billion in taxpayer funds. It's unclear why Fannie is being kept alive. FHA is about to implode: The Federal Housing Administration abruptly delayed the release of a long-awaited independent audit of the financial soundness of the agency, citing potential problems with the accuracy of some of the study's economic models.


UDN 28.31 +0.02. PowerShares DB US Dollar Index Bearish.
UUP 22.94 +0.43. PowerShares DB US Dollar Index Bullish. Yesterday 155,000 calls were purchases ahead of FOMC announcement. The options maker then typically hedges in the stock. Today it was halted briefly when it ran out of shares and then reopened with a premium. Many of the open calls were sold just after the stock reopened. Some are saying this is insider trading. It appears to be more of exploiting a quirk in the ETF structure to force a boundary failure.

20091104 PM

Dow 9,802.14 +30.23
Nasdaq 2,055.52 -1.80
SP500 1,046.50 +1.09
30-yrBond 4.434% +0.097
Dollar 75.760 -.626

Fed's FOMC is keeping rates low.
Indices sold off into the close.

GLD 107.10 +0.64
SLV 17.14 +0.14
PTM 16.458 +0.138

XLE 56.27 -0.05
XLF 14.01 -0.20

RBY 4.32 +0

EXK 3.15 +0.16

20091103 PM

Dow 9,771.91 -17.53
Nasdaq 2,057.32 +8.12
SP500 1,045.41 +2.53
30-yrBond 4.337% +0.069

Dollar higher and metals spiked higher. Gold made all time high after news of India buying 200 metic tons of gold from IMF. The surprise was not that IMF is selling (as that was known), as it wasn't China buying. The question is when will China buy?

Fed's FOMC announcement tomorrow at 2:15PM.

GLD 106.46 +2.51. Any time a commodity breaks to all time highs, there is a chance of spectacularly higher prices. The time may not be now, though the time will come.
SLV 17.00 +0.84
PTM 16.32 +0.25

XLE 56.32 +0.72
XLF 14.208 +0.038

ANO 0.80 +0.05
RBY 4.32 +0.22

CNSL 13.82 +0.17
EXK 2.99 +0.24

20091102 PM

Dow 9,789.44 +76.71
Nasdaq 2,049.20 +4.09
SP500 1,042.88 +6.69
30-yrBond 4.268% +0.032

Volatility.
Dollar down, though recovered in the afternoon.

GLD 103.95 +1.42
SLV 16.16 +0.09
PTM 15.99 +0.11

XLE 55.60 +0.35
XLF 14.17 +0.12

CNSL 13.65 -0.17
F 7.58 +0.58. Big volume.
YRCW 1.32 -2.33 (63.84%). Huge volume. 52 week range 0.89 - 6.26.

20091030 Weekend

Dow 9,712.73 -249.85
Nasdaq 2,045.11 -52.44
SP500 1,036.19 -29.92
30-yrBond 4.2360% -0.1090
Dollar 76.41 +.47

The last two weeks of selling made October a down month for stock indices.
The financially teetering CIT provides many operating loans to companies. It is reported CIT will file for bankruptcy protection this weekend.

GLD 102.53 -0.16
SLV 16.07 -0.34
PTM 15.8801 -0.2099

XLE 55.25 -2.18
XLF 14.05 -0.69

RBY 4.05 -0.14

ECUXF.PK 0.67 -0.01
EXK 2.67 -0.11
GBG 1.47 -0.13
NG 4.30 -0.28
SCPZF 3.5728 -0.1864

IPCS 23.87 -0.02. Sprint announced buyout for $24 a share. Scheduled to close late this year or early 2010.

CNSL 13.82 -0.52. Needs to get back above 14, or next support is 12. If long, sell stops should have sold out a week ago.

20091029 PM

Dow 9,962.58 +199.89
Nasdaq 2,097.55 +37.94
SP500 1,066.11 +23.48
10-YrBond 3.50% +0.09

The anticipated bounce arrived with dollar lower and metals higher. Expect market to continue higher tomorrow.


The shift away from dollars continues as the Fed's self-imposed end of quantitative easing approaches on October 30 (tomorrow).

Saudi Arabia moves away from pricing oil in dollars:
"Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange."

Turkey moves away from using trading commodities in dollars:
"Turkey is switching to national currencies in trade with Iran and China, ending dependence on the U.S. dollar and the euro for about 20% of its commodity turnover, local media reported on Wednesday."


GLD 102.70 +1.97
SLV 16.39 +0.53
PTM 16.04 +0.30

XLE 57.60 +1.66
XLF 14.72 +0.57

RBY 4.20 +0.25. Rebound to close back over 4.

EXK 2.78 +0.32. Big percentage price rebound.
FXP 8.52 -0.39

20091028 PM

Dow 9,762.69 -119.48
Nasdaq 2,059.61 -56.48
SP500 1,042.63 -20.78
10-YrBond 3.41% -0.0510
Dollar 76.452 +.317. Another big move up.

Significant technical damage to the uptrends. Those looking for a bounce will be looking to buy tomorrow.

GLD 100.81 -1.04
SLV 15.87 -0.47
PTM 15.69 -0.13

XLE 55.93 -1.92
XLF 14.12 -0.48

RBY 3.95 -0.19

FXP 8.94 +0.62
GDX 41.87 -2.60. Some volume on the downside.

20091027 PM

Dow 9,882.17 +14.21
Nasdaq 2,116.09 -25.76
SP500 1,063.41 -3.54
10-YrBond 3.46% -0.0920
Dollar 76.184 +.123

Some second-tier and smaller companies are reporting earnings and gapping down.
Huge 100+B of US debt is being issued this week.
Expecting metals to close higher on Friday. If they don't close higher Friday, then tighten stops.

GLD 101.91 +0.05
SLV 16.35 -0.44
PTM 15.85 -0.21

XLE 57.83 +0.49
XLF 14.60 -0.11

RBY 4.13 +0.05. Most miners were down.

PVTB 9.65 -2.33. In two days this is back to prices from March.

20091027 1127

Dow 9,919.13 +51.17
Nasdaq 2,131.62 -10.23
SP500 1,067.79 +0.84
10-YrBond 3.52% -0.0360
Dollar 76.195 +.134

Dollar up, gold up, silver down (trying to move higher), platinum down.

One word: divergence

RBY 4.12 +0.04

20091026 PM

Dow 9,867.96 -104.22
Nasdaq 2,141.85 -12.62
SP500 1,066.95 -12.65
10-YrBond 3.55% +0.0790

Indices have been down past two days.
Dollar ramped up (around noon) to 76. Metals and indices did a corresponding dive. Miners had big percentage losses.
The large CRE, Capmark, filed for bankruptcy over the weekend.

GLD 101.83 -1.66
SLV 16.80 -0.60
PTM 16.04 -0.39

XLE 57.34 -0.96
XLF 14.72 -0.38

ANO 0.7850 -0.0550
FXP 8.31 +0.17
RBY 4.07 -0.29

UUP 22.58 +0.15. Stochastics up and volume way up. Double dollar.

EXK 2.75 -0.22
NGD 3.83 -0.27
SLW 13.00 -0.92
TRE 3.08 -0.10

20091023 Weekend

Dow 9,972.18 -109.13
Nasdaq 2,154.47 -10.82
SP500 1,079.60 -13.31
30-yrBond 4.289% +0.04
Dollar 75.468 +.011. Dollar had a late-day comeback on Friday after touching 74s.
UUP 22.43 +0.12

Metals held their ground and the moving averages are "catching up to each other" - getting closer together. Expecting a move, though which way is dependent on the dollar.

GLD 103.49 -0.43
SLV 17.40 +0.08
PTM 16.43 -0.06

XLE 58.30 -1.15
XLF 15.10 -0.22

AMZN 118.49 +25.04 (26.80%)

20091019 PM

Dow 10,092.19 +96.28
Nasdaq 2,176.32 +19.52
SP500 1,097.91 +10.23. Can soon test 1150s.
30-yrBond 4.217% -0.03

For the year, oil is at the high and the dollar is at the low.

GLD 104.22 +1.04
SLV 17.44 +0.26
PTM 16.45 +0.12

XLE 59.76 +0.77. Price of energy is increasing.
XLF 15.28 +0.06

RBY 4.68 +0.08. A close over 5 and this launches much higher.

GBG 1.66 +0. Potential long as this is setting up to launch higher.

20091016 Weekend, HOG

Dow 9,995.91 -67.03
Nasdaq 2,156.80 -16.49
SP500 1,087.68 -8.88
30-yrBond 4.247% -0.066

The year-old Treasury program to backstop money market funds has ended. The money markets had invested considerable funds in mortgage backed security debt. The losses were causing some funds to "break the buck" which means net asset value dropped below $1. Funds were flowing out of money markets. Treasury backstopped the funds. Now the Treasury backstop is expiring, so expect some risk-averse money to move into CDs and Treasuries. This movement will put demand on Treasuries, thus increasing the prices and reducing the effective interest rates.

GLD 103.18 +0.32
SLV 17.18 +0.12
PTM 16.33 -0.13

XLE 58.99 -0.18
XLF 15.22 -0.37

CNSL 15.07 -0.34. Quickly coming off highs. Has a great dividend.
HOG 27.86 +0.17. 52 week high. Has had a nice run. Waiting to short at higher prices.

20091015 PM

Dow 10,062.94 +47.08
Nasdaq 2,173.29 +1.06
SP500 1,096.56 +4.54
10-YrBond 3.47% +0.0470

GLD 102.94 -1.24
SLV 17.07 -0.49
PTM 16.34 -0.04

XLE 59.17 +1.21
XLF 15.55 -0.18

RBY 4.67 -0.08

EXK 3.04 -0.14
FXP 8.27 +0.05

20091014 PM

Dow 10,015.86 +144.80
Nasdaq 2,172.23 +32.34
SP500 1,092.02 +18.83. Apparently heading for 1130s.
10-YrBond 3.42% +0.1110

DOW closed over round number 10,000 with light volume.
Financial earnings (courtesy of bailouts and mark-to-myth) are beating expectations.
While the Fed, the Treasury, and the Executive speak of their desire for a strong dollar, the dollar continued lower.
Bonds lower.
Commodities and most metals higher.

GLD 104.18 -0.08
SLV 17.55 +0.07
PTM 16.36 +0.05

XLE 58.01 +1.00
XLF 15.70 +0.49. Going higher.

AGQ 65.48 +0.62. With indices and metals continuing to move up, went long this double long silver. Silver is always volatile (vs. gold), and double long silver will be more so.
ANO 0.91 +0.04
RBY 4.76 +0.04. 52 week high. Like other equities with prices going higher, the volume is a little light. All time high, so there are blue skies above.

EXK 3.19 +0.02. Intraday 52 week high and closed a penny lower.
FXP 8.24 -0.61
QID 21.92 -0.63. Sold for loss today.

NGD 4.45 -0.01
SLW 14.57 +0.33
TRE 3.07 -0.02

20091014 1408

Dow 9,994.17 +123.11
Nasdaq 2,165.57 +25.68
SP500 1,088.18 +14.99
10-Yr Bond 3.38% +0.07

GLD 104.63 +0.37
SLV 17.62 +0.14
PTM 16.45 +0.14

AGQ 66.07 +1.21. Just spiked to daily highs. Earlier today went long today at 65.51.

20091014 1322

Dow 9,997.57 +126.51
Nasdaq 2,166.79 +26.90
SP500 1,088.49 +15.30
10-YrBond 3.39% +0.0760

The dollar at 75.5 continues to drop.
Metals continue to go higher.
A year after the significant equity downdraft, there will be many equities setting 52 week highs. While this may not have much meaning, it may have mental sway of "new highs new highs" which may keep money in the markets.


GLD 104.41 +0.15
SLV 17.62 +0.14
PTM 16.45 +0.14

XLE 57.75 +0.74
XLF 15.62 +0.41

RBY 4.75 +0.03. 52 week high on light volume.

QID 22.02 -0.53. Stopped out for .70 per share loss on large position.

EXK 3.1552 +0.0147. Made 52 week on light volume and giving up the price.

20091013 PM

Dow 9,871.06 -14.74
Nasdaq 2,139.89 +0.75
SP500 1,073.19 -3.00
10-YrBond 3.31% -0.07

GLD 104.46 +0.90
SLV 17.49 +0.01
PTM 16.31 +0.21

XLE 56.96 +0.04
XLF 15.27 -0.09

RBY 4.72 +0.04. 52 week high.
FXP 8.85 -0.12

AONE 23.40 +1.40
CNSL 15.66 -0.43. Selling volume still apparent.
EXK 3.1699 +0.0699. 52 week range 0.75 - 3.29.

20091012 PM

Dow 9,885.80 +20.86
Nasdaq 2,139.14 -0.14
SP500 1,076.19 +4.70
30-yrBond 4.228% +0.001

Light trading on a bank holiday.

GLD 103.56 +0.72
SLV 17.48 +0.04
PTM 16.10 -0.01

XLE 56.92 +0.76
XLF 15.36 +0.12

EXK 3.10 +0.08. Sold at 3.14 this morning.
RBY 4.68 +0.11. Considered selling a partial position in the afternoon because volume was light at these highs. There is no resistance above, so price can continue higher. 52 week high and all-time high.

DRIV 26.45 -13.97. Massive volume.
GOLD 72.51 -0.70. 52 week range 22.28 - 76.08. Look to buy ~64.
CNSL 16.48 -0.82. Down on some volume.

20091012 AM

DJIA 9,909.83 +44.89
NASDAQ 2,147.88 +8.60
SP500 1,078.77 +7.28

Dollar is weak, though appears it will be able to hold the 76s.

GLD 103.62 +0.78
SLV 17.50 +0.06
PTM 16.24 +0.13

EXK 3.15 +.13. Sold this morning at 3.14 for .32 per share gain.

20091009 Weekend, Lithium

Dow 9,864.94 +78.07
Nasdaq 2,139.28 +15.35
SP500 1,071.49 +6.01
30-yrBond 4.227% +0.133

Dollar was up and indices up, which is a change to the recent dollar/equity movement.
Apparently the Fed bought all/most of Thursday's auction. With so many people bearish on the dollar, it may be time to position for a dollar rally.

Divergence of dollar to equities raises caution about being overly long metal stocks. Copper may have put in a top and be headed lower.

GLD 102.84 -0.80. Made new highs this week.
SLV 17.44 -0.08. Failed to make new highs this week.
PTM 16.11 -0.05. Failed to make new highs this week.

XLE 56.16 -0.05
XLF 15.24 +0.13

ANO 0.89 +0.0191
EXK 3.02 -0.01. Stayed long because volume down was light today. Considering closing this long position.
QID 22.66 -0.26
RBY 4.57 +0.01. Stayed long because volume down was light today. 52 week high made this week. Strong chart.

AEM 71.66 -0.11. Strong miner equity with sizeable numbers of shorts. Big volume on down days. If there is a miner to short, this may be it.
CNSL 17.30 +0.18. 52 week high set this week, again.
FXP 8.79 -0.08
KOG 2.57 +0.03. Consolidating for potential move higher.
STAR 29.11 +1.32. 52 week high.
XLU 29.25 +0.18

The S&P 500's P/E ratio is at an extraordinarily high 122. Further cost reductions through downsizing could lead to good (beating estimates) reported profits and a higher P/E in the short term.





Barron's story on lithium miners highlighted several names. The article very briefly put forward the idea that electric battery cars would drive demand for lithium which is used in high-capacity batteries.
... over half of the world's lithium output comes from mines in Chile and Argentina run by Sociédad Quimica y Minera de Chile (ticker: SQM); Chemetall Foote, a subsidiary of Rockwood Holdings (ROC); and FMC (FMC).
... IN ARGENTINA. Dozens of junior exploration companies and speculative investors are betting big on the lithium-brine deposits there. ... speculative position in two lithium leaders in the region, Orocobre (ORE.Australia) and Latin American Minerals (LAT.Canada).

20091008 PM

DJIA 9,786.87 +61.29
NASDAQ 2,123.93 +13.60
SP500 1,065.48 +7.90

Dollar went to 75.68 intraday. Metals higher with gold at new highs.
Tomorrow will consider taking some profits in miners EXK and RBY.

GLD 103.50 +1.14
SLV 17.51 +0.26
PTM 16.18 +0.14

XLE 56.13 +1.33
XLF 15.11 +0.02

EXK 3.03 +0.06
QID 22.92 -0.20. Bought the other half position this morning at 22.74.
RBY 4.56 +0.12. 52 week high.

CNSL 17.12 +0.19. 52 week high.
FXP 8.83 -0.36

20091008 1114

DJIA 9,792.16 +66.58
NASDAQ 2,127.97 +17.64
SP500 1,066.50 +8.92

Dollar lower (below 76) and metals higher.

QID 22.77 -0.35. Put on other 1/2 of this position at 22.74.

RBY 4.56 +0.115. 52 week high.

CNSL 17.15 +0.22. Another 52 week high.

20091007 PM

Dow 9,725.58 -5.67
Nasdaq 2,110.33 +6.76
SP500 1,057.58 +2.86
10-YrBond 3.18% -0.0730

Light volume all around.
Consumer credit numbers were reported and were down. Tomorrow the retail numbers are due and it appears they will be terrible.

GLD 102.45 +0.17
SLV 17.29 +0.21
PTM 16.05 +0.15

XLE 54.78 +0.40
XLF 15.12 +0.19

RBY 4.43 +0.09
QID 23.12 -0.12

CNSL 16.93 +0.10. 52 week high.

20091006 PM

Dow 9,731.25 +131.50
Nasdaq 2,103.57 +35.42
SP500 1,054.72 +14.26
10-YrBond 3.25% +0.0240

Yesterday indices went higher. Today indices gapped higher and continued higher, stalled and retraced to near the gap area, then rebounded. Dollar lower on news that Gulf states are looking to price oil in other currencies, and metals higher. Gold set an all time high, even after last weekend's WSJ article Gold Is Still a Lousy Investment that ignored the value of gold in deflationary environments.

GLD 102.13 +2.31
SLV 17.07 +0.69
PTM 15.90 +0.36

XLE 54.40 +1.28
XLF 14.92 +0.18. Lagged today.

QID 23.24 -0.86. Started 1/2 position in this double short. Looking to take other 1/2 position later this week.
EXK 3.00 +0.25 (9.09%). Big volume. 52 week high 3.29.
RBY 4.34 +0.18. 52 week high 4.45.

AAPL 190.01 +3.99
AONE 22.584 -0.686. New issue in the battery industry.
CNSL 16.83 +0.55. 52 week high.

20091002 Weekend, CNSL KOG XLU

Dow 9,487.67 -21.61
Nasdaq 2,048.11 -9.37
SP500 1,025.21 -4.64
30-yrBond 4.011% +0.052

Indices gapped lower then quickly moved higher when the dollar turned down. After a few down days, was/am looking for some bounce.

GLD 98.37 +0.48
SLV 15.82 -0.222
PTM 15.37 +0.14

XLE 51.97 -0.27
XLF 14.29 +0.01

ANO 0.8001 -0.0499
EXK 2.62 -0.01
RBY 3.94 -0.01

FXP 10.43 +0.04. Sold in the morning at 10.48 for .36 per share gain.
SDS 42.79 +0.36. Sold in the morning at 42.77 for 3.15 per share loss on a small position.

CNSL 15.88 +0.24. Relative strength. If there are a couple days of market strength next week, look for this to go above recent 52 week of 16.22. Potential scalp or swing trade on the long side.
KOG 2.36 +0.11. Consolidating for possible retest of 2.89.
XLU 28.52 -0.31. Look to short a bounce.

20091001 PM

Dow 9,509.28 -203.00
Nasdaq 2,057.48 -64.94
SP500 1,029.85 -27.23
30-yr Bond 3.959% -0.089

Dollar decisively above 77.11 and looks to go higher. This will move metals and stocks lower.
Indices opened slightly lower, moved lower then consolidated, and went lower into the close. Looks to go lower. May want to lighten up shorts on Friday (FXP, SDS).
Metals were down and miners were down more. Looks to go lower.

GLD 97.89 -0.96
SLV 16.04 -0.34
PTM 15.23 -0.38

XLE 52.24 -1.68
XLF 14.28 -0.66

20090930 PM

Dow 9,712.28 -29.92
Nasdaq 2,122.42 -1.62
SP500 1,057.08 -3.53
30-yrBond 4.048% -0.025

GLD 98.85 +1.42
SLV 16.38 +0.49
PTM 15.61 +0.2801

XLE 53.92 -0.35
XLF 14.94 -0.07

FXP 9.80 +0.22
RBY 4.16 +0.07

EXK 2.80 +0.06. Went long at 2.82.
GBG 1.53 +0.09

200909229 PM

Dow 9,742.20 -47.16
Nasdaq 2,124.04 -6.70
SP500 1,060.61 -2.37
30-yrBond 4.023% -0.022

Sideways action. End of month and end of quarter window dressing this week.

GLD 97.41 +0.36
SLV 15.89 -0.02
PTM 15.24 -0.21

XLE 54.27 -0.15
XLF 15.01 -0.07

ANO 0.85 +0.06
FXP 9.57 +0.01
RBY 4.08 +0.10

EXK 2.74 +0.20

20090928 PM

Dow 9,789.36 124.17
Nasdaq 2,130.74 39.82
SP500 1,062.98 18.60
Indices opened slightly higher, ramped higher over several highers, and closed near highs of day.
Dollar closed above 77.11 at 77.2, with metals and indices also closing higher.

GLD 97.05 +0.05
SLV 15.91 +0.17
PTM 15.45 +0.00

XLE 54.42 +0.86
XLF 15.08 +0.49

ANO 0.79 +0.00
FXP 9.56 -0.08
RBY 3.98 +0.00

CNSL 15.94 +0.31. Intraday 52 week high at 15.95.
EXK 2.54 +0.05
KOG 2.36 +0.19
RIMM 66.44 -2.47

20090925 Weekend

Dow 9,665.19 -42.25
Nasdaq 2,090.92 -16.69
SP500 1,044.38 -6.40
10-YrBond3.33% -0.0520
Dollar index closed below 77.11, at 76.8.
We may see a bounce in the indices early next week.

GLD 97.05 -0.50
SLV 15.75 -0.24
PTM 15.32 -0.28

XLE 53.59 -0.04
XLF 14.60 -0.13

FXP 9.62 -0.03
RBY 3.99 -0.01

RIMM 68.91 -14.15. In one day, went back to prices from April.

20090924 PM

Dow 9,707.44 -41.11
Nasdaq 2,107.61 -23.81
SP500 1,050.78 -10.09
10-YrBond 3.38% -0.0370
Indices opened up and quickly went lower.
Miner equities went down with volume.
Consider short scalp of metals if they bounce in the morning.
Watch how the dollar acts at 77.11.

GLD 97.48 -1.35
SLV 15.99 -0.55
PTM 15.57 -0.40

XLE 53.60 -0.81
XLF 14.73 -0.30

ANO 0.7990 -0.0012
FXP 9.67 +0.50
RBY 3.97 -0.10. Day range 3.86 - 4.11. Had considered selling part of this long, though it held up okay so am staying long.

GNCMA 6.89 -0.04.
PALM 16.16 -0.80. Can short a bounce.

20090923 PM

Dow 9,748.55 -81.32
Nasdaq 2,131.42 -14.88
SP500 1,060.87 -10.79
10-YrBond 3.42% -0.0380

GLD 98.87 -0.80
SLV 16.56 -0.32
PTM 16.09 -0.09

After Fed announcement, indices quickly ran higher with light volume then pulled back even quicker. The Fed statement says they are going to withdraw pushing money into the markets, so downside is near. Dollar showed strength when market indices fell (or did the dollar strength pulled market indices lower). Watch how volume comes in to the downside the next few days.
The Committee will gradually slow the pace of these purchases in order to promote a smooth transition in markets and anticipates that they will be executed by the end of the first quarter of 2010.

XLE 54.44 -1.13
XLF 15.06 -0.28

ANO 0.81 -0.03
RBY 3.90 -0.28
FXP 9.17 +0.33

20090921 PM

Dow 9,778.86 -41.34
Nasdaq 2,138.04 +5.18
SP500 1,064.66 -3.64
30-yrBond 4.245% +0.014
Sideways day-after-option-expiry. Metal equities opened lower and move higher during the day to close with 1% losses.
The US Dollar continues to bump into 77.11 and continues to be repelled.

GLD 98.36 -0.31
SLV 16.54 -0.16
PTM 15.88 -0.32

XLE 54.71 -0.47
XLF 15.00 -0.14

ANO 0.8178 -0.0202
FXP 8.98 +0.24
RBY 4.0699 -0.1201

As expected, a means of standardized trading of non-standardized contracts has not been found. This issue is quietly being ignored, as long as the Fed and Treasury continue to bail out the contracts trough AIG. They are buying time, though the problem is not going away - the problem is being shifted onto the taxpayer.

CME abandons plan to trade OTC derivatives
Posted by Stacy-Marie Ishmael on Sep 18 20:03.

In a not entirely unexpected move, CME - the world’s biggest futures exchange by volume - and Citadel abandoned their joint effort to set up a trading platform for credit derivatives. ...

20090915 PM

Dow 9,683.41 +56.61
Nasdaq 2,102.64 +10.86
SP500 1,052.63 +3.29
30-yrBond 4.262% +0.047
Option expiry this weekend.

GLD 98.90 +0.94
SLV 16.78 +0.47
PTM 15.9979 +0.2026

XLE 54.54 +0.54
XLF 14.75 +0.03

ANO 0.91 0.00. Light volume. Recently had heavier volume on up days, so may be basing here to break higher.
FXP 9.23 +0.02
RBY 4.05 +0.06. 52 week high.

KOG 2.35 +0.20 (9.30%). 52 week high with good volume.
SRS 9.82 -0.39. 52 week low with good volume.

20090914 PM, EAS.V

Dow 9,626.80 +21.39
Nasdaq 2,091.78 +10.88
SP500 1,049.34 +6.61
30-yrBond 4.215% +0.04

GLD 97.96 -0.82
SLV 16.31 -0.19
PTM 15.7953 -0.1247

XLE 54.00 +0.40
XLF 14.72 +0.19

ANO 0.91 0.00
FXP 9.21 -0.02
RBY 3.99 +0.29. Intraday 52 week high. Announced positive fundamentals of high grade gold drilling results.

EAS.V 2.35 CAD +0.00. 52 week range 52 week range 0.12 - 3.10. East Asia Minerals

20090911 Weekend

Dow 9,605.41 -22.07
Nasdaq 2,080.90 -3.12
SP500 1,042.73 -1.41
10-YrBond 3.34% +0.0010
Metals continue higher, and gold made the highest weekly close ever.

GLD 98.78 +1.08
SLV 16.50 +0.09
PTM 15.92 +0.41

XLE 53.60 +0.21
XLF 14.53 -0.09

ANO 0.91 +0.01
FXP 9.23 +0.08
RBY 3.70 -0.01. Looks to be setting up for additional gains.

GSS 3.35 +0.19. Intraday made 52 week high.
SLW 12.54 +0.31
TRE 3.29 +0.02

20090910 PM

Dow 9,627.48 +80.26
Nasdaq 2,084.02 +23.63
SP500 1,044.14 +10.77. Closed above yearly high so can keep going higher.
30-yrBond 4.175% -0.16

GLD 97.70 +0.62
SLV 16.41 +0.35
PTM 15.51 +0.13

XLE 53.39 +0.91
XLF 14.62 +0.12

ANO 0.8989 -0.0111
FXP 9.15 -0.16
RBY 3.71 +0.26

EXK 2.72 +0.18

20090909 PM

Dow 9,547.22 +49.88
Nasdaq 2,060.39 +22.62
SP500 1,033.37 +7.98
10-YrBond 3.48% +0.01
Again the dollar went lower, though metals were also a little lower after being higher.
Quite a few equity charts are showing triple tops (some with lighter volume and failing).

GLD 97.32 -0.11
SLV 16.04 -0.11
PTM 15.46 -0.12

XLE 52.39 +0.03
XLF 14.50 +0.22

ANO 0.9190 +0.0173
FXP 9.33 +0.05
RBY 3.41 -0.25

NGD 3.60 -0.07
SLW 11.65 -0.13
TRE 3.22 -0.02

IYR 40.94 +0.81. iShares Dow Jones US Real Estate

20090908 PM

Dow 9,497.34 +56.07
Nasdaq 2,037.77 +18.99
SP500 1,025.39 +8.99
10-YrBond 3.47% +0.0270
Over the long weekend Europe and Asia were higher. Indices gapped up, consolidated, and closed near day highs. With world markets having been higher and the US showing only slight gains, a lower close Wednesday is anticipated.
Dollar was lower and metals and energy were higher. Metals opened higher, though gave up much of the opening higher prices. Gold futures traded above 1000. Some miners had considerably higher prices in the morning only to close slightly lower.

GLD 97.70 +0.17
SLV 16.14 +0.17
PTM 15.53 +0.28

XLE 52.30 +1.34
XLF 14.29 +0.07

ANO 0.91 -0.04
FXP 9.27 -0.58
RBY 3.66 -0.03. Day range 3.55 - 4.00. New 52 week high.

ABX 39.30 -0.74. Barrick Announces Plan to Eliminate Gold Hedges
NGD 3.67 -0.07
SLW 11.78 +0.19
TRE 3.24 -0.12

20090904 Weekend

DOW 9441.27 +96.66
Nasdaq 2,018.78 35.58
SP500 1016.40 +13.16
10Yr.T-Note 3.442% +1.14

GLD 97.529 +0.069
SLV 15.97 +0.10
PTM 15.25 +0.07

XLE 50.959 +0.70
XLF 14.22 +0.16


During a speech Monday, Dallas Federal Reserve Bank President Richard Fisher said roughly "maybe we will and maybe we won't". Maybe they can and probably they can't.

Fed's Fisher sees near-term strength for economy
"You have to feel it. You have to walk through a river feeling the stones underneath your feet," he said. "We have to be forceful, or we may have to be gradual. It depends on the circumstances."


Free money!

Negative interest rate to boost growth: Riksbank
Sweden's central bank has taken the unusual step of keeping its fixed interest rates pegged below zero in a bid to stimulate the economy. ...

20090903 PM

Dow 9,344.61 +63.94
Nasdaq 1,983.20 +16.13
SP500 1,003.24 +8.49. Looking for 975 then 950.
10-YrBond 3.33% +0.0330
Indices slightly higher on dramatically lighter volume.

GLD 97.37 +1.18. Needs more volume to sustain a move above 1000. If it tests 1000 on Friday, consider closing any long position. If on Friday gold stagnates or is slightly lower, consider adding to longs.
SLV 15.87 +0.65. Day range 15.42 - 16.02.
PTM 15.17 +0.28

XLE 50.20 +0.29
XLF 14.12 +0.33

ANO 0.942 -0.008
FXP 10.67 -0.50
RBY 3.58 +0.13
SDS 45.22 -0.74

20090303 1223

DJIA 9,309.54 +28.87
Nasdaq 1,974.88 +7.81
SP500 998.37 +3.62
Indices marginally higher with lighter volume than past couple days.

ANO 0.9501 +0.0001
FXP 10.81 -0.36
RBY 3.738 +0.288
SDS 45.622 -0.338

HMY 10.42 +0.41
NGD 3.6899 +0.1399
SLW 11.399 +0.509
TRE 3.44 +0.04

20090903 1022

DJIA 9,269.56 -11.11
NASDAQ 1,962.28 -4.79
SP500 993.98 -0.77
Dip-buyers opened the markets higher, and after twenty minutes the markets quickly gave up the gains. Right now the markets are going nowhere but down and there is no reason to try do buy dips.
Metals are up.

SDS 45.98 +0.02. Started small long position at 45.92. A better buy would have been the first few minutes of trading (around 45.5).

20090902 PM

Dow 9,280.67 -29.93
Nasdaq 1,967.07 -1.82
SP500 994.75 -3.29
10-YrBond 3.30% -0.08

Metals made a huge move up, and the metal equities launched higher with volume. A gold close over 994 with volume will indicate 1250 can be quickly tested.

GLD 96.19 +2.29
SLV 15.21 +0.45
PTM 14.81 +0.08

XLE 49.94 -0.34
XLF 13.79 -0.12

ANO 0.95 +0.10
RBY 3.45 +0.50. Massive volume, all time high, 16.95% day gain. Looking to go to 5.

FXP 11.19 -0.24

HMY 10.01 +0.98. For those chasing momentum, possible short term buy here.
NGD 3.55 +0.29
SLW 10.89 +1.10
TRE 3.36 +0.36

SRS 13.10 +0.46

20090101 PM

Dow 9,310.60 -185.68
Nasdaq 1,968.89 -40.17
SP500 998.04 -22.58
10-YrBond 3.375% -0.026
Indices were moderately higher for the first hour, then sold off with volume. With volume off the highs, a larger correction is being indicated.

GLD 93.90 +0.50
SLV 14.76 +0.14
PTM 14.73 -0.15

XLE 50.28 -0.89
XLF 13.91 -0.79

FXP 11.43 +0.51
RBY 2.95 -0.10

20090831 PM

Dow 9,496.28 -47.92
Nasdaq 2,009.06 -19.71
SP500 1,020.62 -8.31
30-yrBond 4.181% -0.027

GLD 93.40 -0.47
SLV 14.62 +0.12
PTM 14.88 -0.07

XLE 51.17 -1.01
XLF 14.70 -0.05

FXP 10.92 +0.32
RBY 3.05 -0.00

20090828 Weekend

Dow 9,544.20 -36.43
Nasdaq 2,028.77 +1.04
SP500 1,028.93 -2.05. Index futures before the market open were up big, but the cash market at the open was only up a little. SP500 P/E Ratio 143.95 is astoundingly high.
30-yrBond 4.208% -0.022
Supposedly Canada will issue US dollar-denominated bonds. This will support the US dollar.

GLD 93.87 +0.68
SLV 14.50 +0.42
PTM 14.95 +0.02

XLE 52.18 -0.11
XLF 14.75 +0.02

FXP 10.60 +0.23

20090824 PM

Dow 9,509.28 +3.32
Nasdaq 2,017.98 -2.92
SP500 1,025.57 -0.56
30-yrBond 4.288% -0.071
Indices gapped up with lighter volume and closed mixed.

Important one-line Bloomberg article. The Federal Reserve must make public reports about recipients of emergency loans from U.S. taxpayers under programs created to address the financial crisis, a federal judge ruled. The Federal Reserve is a private banking cartel that was authorized by Congress in 1913 to set monetary policy. The Fed has limited oversight and has been making fiscal policy and providing loans that are contrary to the Fed's charter. It is time to allow for a full audit of the Fed.
A new Rasmussen Reports national telephone survey finds that 75% of Americans favor auditing the Federal Reserve and making the results available to the public.

GLD 92.34 -1.31
SLV 13.90 -0.02
PTM 14.94 -0.11

XLE 53.02 +0.67
XLF 14.43 -0.11

FXP 10.31 +0.18
RBY 3.099 +0.08

SLW 10.04 +0.13
TRE 2.92 +0

20090819 PM

Dow 9,279.16 +61.22
Nasdaq 1,969.24 +13.32
SP500 996.46 +6.79
30-yrBond 4.2940% -0.0710

GLD 92.53 +0.47
SLV 13.57 -0.15
PTM 14.90 +0.17

XLE 50.48 +0.92
XLF 13.91 -0.01

FXP 10.50 -0.06
RBY 2.94 +0.32. Higher with big volume on news. Looks like a takeover candidate.

LEAP 16.10 -0.65. Keeps sinking lower. Apparently no hope here.

20090818 PM

Dow 9,217.94 +82.60
Nasdaq 1,955.92 +25.08
SP500 989.67 +9.94
30-yrBond 4.365% +0.017
Indices did oversold bounce on lighter volume, working through the B-C to set up a larger C-D down.

GLD 92.06 +0.45
SLV 13.72 -0.03
PTM 14.72 +0.04

XLE 49.56 +0.49
XLF 13.92 +0.28

FXP 10.56 -0.48

LEAP 16.75 -0.29. 52 week range 14.18 - 48.98.

20090817 PM

Dow 9,135.34 -186.06
Nasdaq 1,930.84 -54.68
SP500 979.73 -24.36
10-YrBond 3.491% -0.067
Indices gapped down and stayed near those levels all day. Mr. Stick did not appear at day end. Gap down with good volume sets up (island top with people trapped) a decent correction.
Commodities sold off. Everything other than dollar sold off.

GLD 91.61 -1.39. Look for test below 900.
SLV 13.75 -0.67
PTM 14.68 -0.62

XLE 49.07 -1.64
XLF 13.64 -0.60

FXP 11.04 +0.96
LOW 20.47 -2.36

20090814 Weekend

Dow 9,321.40 -76.79
Nasdaq 1,985.52 -23.83
SP500 1,004.09 -8.64
10-YrBond 3.558% -0.033
Indices gapped down Friday morning, consolidated, then had a moderate recovery into the close. Mr. Stick didn't close it positive.

GLD 93.00 -0.72
SLV 14.42 -0.36
PTM 15.29 -0.00

XLE 50.71 -0.76
XLF 14.24 -0.09

FXP 10.08 +0.29. 52 week range 9.00 - 183.99. Building a base and pushing into 10. Added to long position at 10.12.

20090813 PM

Dow 9,398.19 +36.58
Nasdaq 2,009.35 +10.63
SP500 1,012.73 +6.92
30-yrBond 4.42% -0.103
Indices continue to move higher on light summer volumes.
GLD 93.72 +0.77
SLV 14.79 +0.45
PTM 15.30 +0.35

XLE 51.47 +0.62
XLF 14.33 +0.29

20090807 Weekend

The following account was levered short. Expectations were clouding actions. Should have kept stricter stops. Took this account to cash.
FAZ Sold at 24.66 for 18.74 loss. Allowed this small position to go too long and too far.
SRS Sold at 19.25 for 7.92 loss. Kept this position for much too long with too wide of a stop.
TZA Sold at 15.02 for 5.3 loss.

20090806 PM

Dow 9,256.26 -24.71
Nasdaq 1,973.16 -19.89
SP500 997.08 -5.64
30-yrBond 4.517% -0.044

GLD 94.60 -0.18
SLV 14.32 -0.20
PTM 15.15 -0.34

XLE 50.89 -0.42
XLF 13.98 -0.10

RBY 2.78 -0.07
FXP 9.69 -0.09. Went long yesterday.

GBG 1.46 +0.07. This position sold about a week ago for a small profit.
TRE 3.19 -0.04. This position sold about a week ago for a small profit.

F 8.07 -0.37

GENZ 48.81 -0.35. 52 week low.
LEAP 22.59 -1.58. Gapped down with huge volume.
PG 51.46 -2.45. Gapped down with big volume.

20090803 PM

Dow 9,286.56 +114.95
Nasdaq 2,008.61 +30.11. Unprecedented 17th consecutive day of higher closes.
SP500 1,002.63 +15.15
30-yr Bond 4.422% +0.111
Dollar weakness continues and market indices continue higher on light volume.

GLD 93.87 +0.52
SLV 14.03 +0.33
PTM 14.98 +0.30

XLE 51.92 +1.30
XLF 13.34 +0.33

HURN 13.69 -30.66. 52 week low.
GENZ 50.38 -1.51. 52 week low.
F 8.33 +0.33. 52 week high.

20090731 Weekend

Dow 9,171.61 +17.15
Nasdaq 1,978.50 -5.80
SP500 987.48 +0.73
30-yrBond 4.311% -0.139
GLD 93.35 +1.73
SLV 13.70 +0.45
PTM 14.68 +0.39

July was a big up-month for the indices.

GDP numbers were released. 2007 GDP was 2% and 2009 GDP is -4%.
Page 2 (bold is mine): The decrease in real GDP in the second quarter primarily reflected negative contributions from nonresidential fixed investment, personal consumption expenditures (PCE), residential fixed investment, private inventory investment, and exports that were partly offset by positive contributions from federal government spending and state and local government spending.


Airline passenger and cargo demand continues to drop. Airline passenger and cargo figures declined again in June with no signs of recovery in sight, according to a report Thursday from the international industry group of the world’s air carriers.
Airlines carried 7.2 percent fewer people and cargo demand was down 16.5 percent in June compared to the same period last year, according to the International Air Transport Association (IATA).

Earlier in the week the dollar was trying to bounce. Today the dollar continued to weaken pushing gold and silver higher.
Some equities are having gaps down at the open. Weighted indices are still holding up and showing green. This could spread and affect headline indices similar to what happened in 2000.

XLE 50.62 +0.49
XLF 13.01 +0.13. Near mid-May peak.

20090722 PM

DJIA 8,881.26 -34.68
NASDAQ 1,926.38 +10.18
SP500 954.07 -0.51

GLD 93.44 +0.31
SLV 13.45 +0.12
PTM 14.26 +0.11

XLE 49.27 -0.44
XLF 12.14 +0.01

FAZ 41.85 +0.01
RBY 2.99 +0.02
TRE 3.25 +0.14

20090722 1034

DJIA 8,911.18 -4.76
NASDAQ 1,918.00 +1.80
SP500 952.83 -1.75
Looking for significant price action starting today.
Am now nearly as short as I wanted to be. The market has been slowly rolling over with the non-heavily-weighted-index components showing weakness.

FAZ 43.44 +1.60. Bought at 43.4.

20090721 PM

Dow 8,915.94 +67.79
Nasdaq 1,916.20 +6.91
SP500 954.58 +3.45. Day range 943.22 - 956.53. Tested the June 11th 956.
30yrBond 4.373% -0.093
Historically long solar eclipse will be visible in Asia and nearby areas.

GLD 93.13 -0.15
SLV 13.33 -0.12
PTM 14.15 -0.15

XLE 49.71 +0.43
XLF 12.13 -0.11

HAO 22.96 +0.11
KBE 17.88 -0.50. Down on light volume. SPDR KBW Bank

20090720 PM

DJIA 8,848.15 +104.21
NASDAQ 1,909.29 +22.68
SP500 951.13 +10.75. Going into highs from early June. Look for June 11th 956 tomorrow.
Indices ramped up into the close to close near high of day.

GLD 93.28 +1.35
SLV 13.45 +0.28
PTM 14.30 +0.18

XLE 49.28 +0.83
XLF 12.24 +0.10

TZA 19.85 -0.79. Started 1/2 position at 20.35.

20090717 Weekend

DOW 8,743.94 +32.12
NASDAQ 1,886.61 +1.58. Relatively strong.
SP500 940.38 -0.36
Big up week for indices. For the day, indices flat on light volume on option expirations.
Eclipse on Wednesday. Art Cashin said this to CNBC, "We've got things cooking on the 21st and 22nd that I want to take a look at." Cashin didn't specify what events he's awaiting, but joked, "Not the least is a major solar eclipse. We'll have to see if that changes the ionization in the upper atmosphere."

XLE 48.45 +0.28
XLF 12.14 -0.08

SRS 19.40 +0.80. Bought the other 1/2 position at 19.25.

DDRX 18.58 -0.20. 52 week range 0.21 - 24.65. Everybody wants to short this and supposedly shorts are being called in.
KRE 18.11 -0.78. Regional banking index is heading lower with volume.

20090716 PM

DJIA 8,711.82 95.61
NASDAQ 1,885.03 22.13
SP500 940.74 +8.06
Indices can go tomorrow higher into option expiry and will likely fail. Looking to be fully short by next Thursday.

GLD 91.98 -0.26
SLV 13.09 +0.03
PTM 14.00 -0.07

XLE 48.17 +0.58. Nearly ready to short.
XLF 12.22 -0.04. Relative weakness as it couldn't get moving higher.

GBG 1.42 +0.03. Bought at 1.38.
SRS 18.60 -0.40. Started 1/2 position long at 19.42. Huge negative for housing prices.

IWM 52.10 +0.64.
UNG 13.14 +0.88. Way beyond net asset value.

20090715 PM

DOW 8,616.21 +256.72
NASDAQ 1,862.90 +63.17
SP500 932.68 +26.84
Indices gapped higher and climbed all day to close at highs of day. Look for further gains Thursday.
Options expiry this weekend.
Metals and miners were up.

GLD 92.22 +1.41
SLV 13.06 +0.34
PTM 14.05 +0.24

DUG 18.96 -1.35
XLE 47.65 +1.69

FAZ 41.60 -5.24
XLF 12.26 +0.50. Can go another .5 to 1 higher.

GDX 38.30 +1.54
GBG 1.39 +0.07

20090714 PM, Indonesia

DOW 8,359.49 +27.81
NASDAQ 1,799.73 +6.52
SP500 905.84 +4.79
Waiting a couple more days for higher prices to load up shorts. Intel is trading higher after hours, so expecting higher open in the morning. If the higher prices don't hold, look for the selling to resume.
Trying to buy more miners.

GLD 90.81 +0.62
SLV 12.72 +0.06
PTM 13.65 +0.17

XLE 45.96 +0.61
XLF 11.76 -0.05

GS 149.66 +0.22
DELL 11.97 -1.05. Apparently their financing of sales is showing problems with customers paying the financing.

GBG 1.32 +0.05
NGD 2.66 +0.10
TRE 2.94 +0.03

Indonesia stocks trading in US as ADRs, from Barron's June 27, page M7:
TLK 31.77 +0.38
IIT 26.02 +0.15

20090713 PM

DOW 8,331.68 +185.16
NASDAQ 1,793.21 +37.18
SP500 901.05 +21.92
Indices went lower in the morning, then moved higher and kept going higher with a strong close near/at the daily highs. This oversold recovery day was anticipated, and Government Sachs earnings are Tuesday.
Looking at purchasing more miners.

GLD 90.19 +0.61
SLV 12.65 +0.15
PTM 13.41 +0.16

XLE 45.35 +0.68
XLF 11.81 +0.71

BGU 31.55 +2.09
BGZ 37.17 -2.89
FXP 13.14 +0.15
FAZ 46.77 -9.58

AIG 14.57 +2.83
DRYS 5.26 -0.01
NFLX 42.19 +2.12. Good volume.

20090712 1551

DOW 8,313.31 +166.79
NASDAQ 1,788.90 +32.87
SP500 898.88 +19.75

BGU 31.44 +1.98. Sold at 31.51 to take intraday profits of 2.01 per share. May be leaving some profit on the table for those who want to hold overnight.

DRYS 5.24 -0.03. Relative weakness. Consider shorting before the close.

20090713 0955

DOW 8,158.53 +12.01
NASDAQ 1,740.74 -15.29
SP500 879.43 +0.30

Orient was down last night. US markets, after being down last week, may be ready to bounce (on lighter volume) with earnings starting this week. Looking for higher indices at end of this week, though indices are now heading lower.
Government Sachs "earnings" Tuesday.

FXP 13.66 +0.67. Sold at 13.5 for 3.91 per share loss on tiny position.
BGU 29.47 +0.01. Stepped back in with 1/2 position long at 29.98.

20090710 Weekend

DOW 8146.52 -36.65
NASDAQ 1756.03 +3.48
SP500 879.13 -3.55
10YrTNote 3.295% -1.18

Number of lows are increasing.
First half earnings begin to report next week.
Freight traffic continues to decline, which is fundamentally negative.

GLD 89.58 +0.07
SLV 12.50 -0.17
PTM 13.25 -0.13

XLE 44.67 -0.32
XLF 11.10 -0.15

FXP 12.99 +0.16. Bought at 12.99. Up volume coming up. Upside to 35.3.
NNN 16.11 -0.10. Shorted at average price of 16.18. Commercial real estate owner.

BGU 29.46 -0.19. Closed long for about .5 per share loss.
GS 141.87 -1.34. Scheduled to announce earnings Tuesday. Probably don't want to be short in front of Government Sach's earnings (stealings).

20090709 1220

DOW 8,187.10 +8.69. Looks to test 8200.
NASDAQ 1,757.98 +10.81
SP500 884.26 +4.70

Indices ready to push higher. Base metals higher.

GMO 1.84 +0.09. Base metal miner.

20090709 1046

DOW 8,177.35 -1.06
NASDAQ 1,752.57 +5.40
SP500 882.37 +2.81

Indices and metals having small bounce.
Crude oil continues to sell off. May see 45 soon.

BGU 29.75 +0.19. Sold part of the long position at 29.95 for .32 per share gain. Bought additional shares at 29.85.

20090708 1546

DOW 8,184.68 +21.08
NASDAQ 1,751.13 +4.96
SP500 880.09 -0.94

Indices moving higher for closing thirty minutes.
The trailing stops on the short positions today showed their value.

BGU 29.64 +0.08. Bought at 29.69 for scalp.

20090708 1512

DOW 8,140.47 -23.13
NASDAQ 1,740.30 -5.87
SP500 875.43 -5.60

PSQ 59.15 -0.05. Tight trailing stop closed position for .04 per share loss.

20090708 1349

DOW 8,145.76 -17.84
NASDAQ 1,740.56 -5.61
SP500 876.28 -4.75

PSQ 59.14 -0.06. Bought at 59.15. Not as much volume as other ETFs, so may not get price execution. Trying this to see how it goes.

20090708 1313

DOW 8,135.86 -27.74
NASDAQ 1,736.38 -9.79
SP500 874.59 -6.44

BGZ 40.71 +0.85. Trailing stop sold at 40.89 for 1.86 per share gain.
TZA 27.18 +1.32. Trailing stop sold at 27.32 for .51 per share intraday gain.

20090708 1253

DOW 8,120.82 -42.78
NASDAQ 1,733.49 -12.68
SP500 872.81 -8.22

Indices appear to be attempting to stage a rebound. Tight stops on 3x bear positions. Financials look to have further weakness. Maybe the techs can provide upside movement?

FCX 43.98 -1.01. Covered overnight short at 44 for 1.38 per share gain.

20090708 1114

DOW 8,153.70 -9.90
NASDAQ 1,738.73 -7.44
SP500 878.34 -2.69.

Critical point at 877 for those long the S&P. If this price doesn't hold, there will be a waterfall of price destruction.

20090708 1106

DOW 8,167.75 +4.15
NASDAQ 1,741.83 -4.34
SP500 880.04 -0.99

SSO 23.91 +0.03. Incorrectly started this as a long position, so closed it out quickly for .12 per share loss. Want to be short the indices, not long so looking at TZA.

20090708 1050

DOW 8,189.97 +26.37
NASDAQ 1,748.51 +2.34
SP500 882.87 +1.84

SSO 24.10 +0.22. Started day trade at 24.04.
RBY 2.56 -0.27. Volume is coming in on the downside, and price spread is higher than usual. Getting stopped out of some of this long position for .64 per share loss. Redeploying some of the money into short instruments.

20090707 PM

DOW 8,163.60 -161.27
NASDAQ 1,746.17 -41.23
SP500 881.03 -17.69. Looks to break support tomorrow. If support breaks, look for quick trip to 820.

Indices opened slightly lower then sold off, chopped, then sold off into close to end at low of day.

GLD 90.71 -0.05
SLV 12.89 -0.21
PTM 13.67 -0.17
XLE 44.52 -1.17
XLF 11.30 -0.18

BGZ 39.86 +2.23. Sold 1/2 the long position at 39.57 for .55 per share gain.
FCX 45 -.94. Went short at 45.38.

AIG 13.75 -2.44. Have been trying to short for a couple days, but unable to borrow shares.
AIV 8.05 -0.52
CBL 4.64 -0.45
DMM 36.47 -3.07
SMN 21.76 +1.14

20090706 PM

Dow 8,324.87 +44.13
Nasdaq 1,787.40 -9.12
SP500 898.72 +2.30

Lower prices were rejected with tiny volume.

GLD 90.76 -0.49
SLV 13.10 -0.06
PTM 13.85 -0.71

20090706 1033

DOW 8,212.27 -68.47
NASDAQ 1,770.73 -25.79
SP500 887.24 -9.18
Market indices gapped down on the open. Oil, metals, and other commodities lower.

BGU 30.39 -1.13. In morning when indices started to recove from gap down, went long at 30.95 and trailing stop closed the position at 30.93 for .02 per share loss.
BGZ 38.95 +1.39. Long at 39.02 when indices turned lower.
TZA 25.29 +1.66. Markets gapped down on open and started to recover, so closed this long (of a short equity) at 24.16 for .4 per share loss and then went long BGU.

CBL 4.97 -0.09. Short opportunity this morning when it briefly was positive.
SMN 21.39 +1.52

20090702 Weekend, Housing ETF

Dow 8,280.74 -223.32
Nasdaq 1,796.52 -49.20
SP500 896.42 -26.91
30yrBond 4.3170% -0.0300
10yrT-Note 3.495% -0.49
NYSE stayed open 15 minutes late. Did Government Sachs need more time to do the Treasury's and Fed's bidding?
GLD 91.25 -1.14
SLV 13.16 -0.39
PTM 14.56 +0.01

Short week with US markets closed on Friday.
Unemployment report had larger than expected job losses.
Looking for light volume Monday, and lower prices with more volume on Tue/Wed.

DRYS 5.44 -0.24. Covered short today.

CBL 5.06 -0.55. Short it, now!
SMN 19.87 +0.97
WLL 33.26 -2.15

DMM 31.86 +0.89. MacroShares Major Metro Housing Down. 3x leverage.
UMM 18.17 -1.65. MacroShares Major Metro Housing Up. 3x leverage.
Up and Down do not invest directly in a relevant underlying asset such as stocks, bonds, or houses. Instead, they invest in short-term Treasury securities and overnight repurchase agreements. The paired trusts have a binding agreement to pledge assets to one another over time, according to a predetermined formula that is driven by changes in the housing index, based on the movement of housing prices. This transfer of value back and forth gives "investors" exposure to the direction of U.S. home prices.

The structure resembles a see-saw as the assets are shuffled between the paired trusts. Because of the pairing requirement, an equal number of shares for each fund will be created. Because of the leverage factor, the Up and Down ETFs will experience changes of 3x the changes in the S&P/Case-Shiller Composite-10 Home Price Index. ... They are vehicles for naked gambling. Just bet up or down (black or red). You have a 50% chance of winning.

20090701 PM

DOW 8,504.06 +57.06
NASDAQ 1,845.72 +10.68
SP500 923.33 +4.01
Indices opened higher, move higher, then gave back the lunch hour gains to close near the open prices. Light volume.
First day of the 2nd half of the year, so window dressing is over. Indications are the employment report will be bad tomorrow. Expect light volume until Tuesday. Next Tuesday/Wednesday could see some selling.
GLD 92.39 +1.21
SLV 13.55 +0.17
PTM 14.55 +0.34

RBY 3.06 +0.09
TRE 3.13 +0.21

MYGN 26.02 -9.63 (27.01%). This equity had huge downside volume a few days ago. Trading on non-public information.

20090630 PM

DOW 8,447.00 -82.38
NASDAQ 1,835.04 -9.02
SP500 919.32 -7.91
GLD 91.18 -0.86
SLV 13.38 -0.28
PTM 14.21 -0.28

TRE 2.92 -0.06. Light volume. Went long.

MYGN 35.65 -0.51. Down big afterhours on earnings. Three days ago there was huge downside volume, so someone traded the news before it was public.

20090630 1356

DOW 8,410.50 -118.88
NASDAQ 1,826.85 -17.21
SP500 914.44 -12.79
Dollar down, metals down. Everything getting cheaper?

TRE 2.96 -.02. Went long at 2.96. Looking to make this a longer term hold.

DRYS 5.71 -0.23

GBG 1.36 -.08. On buy watch list.
SMN 19.10 +0.46. Volume light, though can move higher in opposition of indices.
SY 31 -1.53.

20090625 1239

DOW 8,438.76 +138.90
NASDAQ 1,820.84 +28.50
SP500 916.45 +15.51

DRYS 5.60 -0.09. Had strength in the morning and is now showing weakness. Started 1/2 position short at 5.6. If it tests 5.7s will look to put on the other 1/2 short.

RBY 3.20 +0.02
TZA 23.54 -1.31

20090624 PM

DOW 8,299.86 -23.05
NASDAQ 1,792.34 +27.42
SP500 900.94 +5.84
Indices went higher with lighter volume and gave up the gains in the afternoon. The inability to hold price indicates weakness. Overall don't want to be putting on longer term buys over the next few weeks.

GLD 91.45 +0.53
SLV 13.67 +0.05
PTM 14.11 -0.28

RBY 3.17 +0.10
TZA 24.86 -0.71. IWM could not hold price today.

BA 41.32 -2.55. Recent announcement about further delays of 787.
TRE 3.00 +0.07. Look to buy soon.

20090624 1432

DOW 8,320.41 -2.50
NASDAQ 1,794.04 +29.12
SP500 902.69 +7.59
Fed announcement of no change in rates; more consumer price declines; Fed will magically know to remove liquidity at proper time and rate as needed.

TZA 24.62 -0.95. Trend following went long for scalp at 24.56.

20090624 1231

DOW 8,381.33 +58.42
NASDAQ 1,801.65 +36.73
SP500 906.96 +11.86
Second day of Fed meetings, so anything can happen on Fed news.

RBY 3.24 +0.17. Intraday 52 week high. Closed 1/2 the overweight long position for average of .09 per share gain.
SLV 13.71 +0.09. Closed short position for .28 per share loss. This position was a hedge of the overweight RBY position and it has served the purpose so it is being closed.

GMO 2.34 +0.14. Gapped up. Appears to be stalling here.

20090623 PM

DOW 8,322.91 -16.10. Look for 8200 this week.
NASDAQ 1,764.92 -1.27
SP500 895.10 +2.06. Look for 875 this week.
Dollar weakness. Looking for another couple days of little movement.
GLD 90.92 +0.38
SLV 13.62 +0.08
PTM 14.39 +0.49

RBY 3.06 +0.03
SLV 13.62 +0.08

HMY 10.24 +0.07
XLE 47.03 +0.28
XLF 11.47 +0.13

20090622 PM

DOW 8,339.01 -200.72. Going to 8200.
NASDAQ 1,766.19 -61.28. Going another 100 points lower.
SP500 893.04 -28.19. Going to 875.
Indices opened down and went lower, consolidated, and sold lower into the close. Distribution of past month now has longs trapped. Do they hang on or do they remember pain from just a few months ago and sell out now?
Commodities much lower.
GLD 90.54 -1.36
SLV 13.54 -0.45
PTM 13.93 -0.80

RBY 3.03 -0.20
TZA 25.04 +2.49. Another scalp for .24 gain intraday.

FAZ 5.44 +0.73
XLF 11.34 -0.70. Looking for two more points lower.

CME 303.48 -24.08
XLE 46.75 -2.46
WLL 32.49 -4.02

20090622 0941

DOW 8,371.13 -168.60
NASDAQ 1,777.75 -49.72
SP500 899.15 -22.08. Below round number of 900.
Markets continue to push at lows of day.

SLV 13.59 -0.40. Sold short at 13.6. Gold looks to go lower and silver should track gold with more volatility.

20090622 0913

DOW 8,394.78 -144.95
NASDAQ 1,780.14 -47.33. Pushing into May 29 prices and gap is filled. It holds here or moves lower quickly.
SP500 901.12 -20.11
Look for the powers-that-be to have the markets hold here.

RBY 3.21 -0.02. Huge relative strength.
TZA 24.54 +1.99. Sold intradday scalp for for .11 per share gain.

20090622 0845

DOW 8,396.29 -143.44
NASDAQ 1,781.78 -45.69
SP500 901.50 -19.73
GLD 90.45 -1.45
SLV 13.66 -0.33
PTM 14.2701 -0.4599
XLE 47.34 -1.87
XLF 11.77 -0.27
Trailing stops took out many positions over the past couple weeks. Last week picked up RBY, which appears to be soon to be taken over.
Commodities and markets looking to give back gains. Oil in paticular can sell off sharply.

RBY 3.12 -0.11. Buying more on retracement this morning. The retracement this morning is more in sympathy with the general markets, and RBY looks to close higher for the day.
TZA 24.43 +1.88. Bought this morning in case there is waterfall selling.

20090605 Weekend

DOW 8,763.13 +12.89
NASDAQ 1,849.42 -0.60
SP500 940.09 -2.37
Precious metals down. Bonds down. Indices had a weak close considering the strong pre-open futures. Looking for a month-long pullback in the indices.
GLD 93.71 -2.52. Looks to pull back further.
SLV 15.01 -0.618 Looks to pull back further. Due to sharp moves up the past few weeks this could make a large price retracement.
PTM 15.65 -0.04

BGU 36.69 +0.10. Started small position at 37.23.
SYNM 2.58 +0. Sold at 2.55 for .05 per share gain.

AEZ 1.46 +0.16. Up 50% in a week. Watch for an entry after pullback.
GS 149.01 -0.46
NEM 44.84 -2.60. Downside volume.
NTES 37.94 +0.62
SMH 21.11 -0.50
XLE 52.11 -0.43. Day range 51.46 - 57.70.
XLF 12.32 -0.11
TIVO 10.65 -0.25
TRE 3.70 -0.07

20090605 1144

DOW 8,788.02 +37.78
NASDAQ 1,847.69 -2.33
SP500 943.50 +1.04
Indices opened higher and are now around unchanged. Metals lower.
Will be traveling the next few weeks, so reducing market exposure.

NTES 37.99 +0.67. Sold at 38 for 1.7 per share gain. While this can go higher, want to reduce exposure to market and raise cash.

20090604 PM

DOW 8,750.24 +74.96
NASDAQ 1,850.02 +24.10
SP500 942.46 +10.70
GLD 96.23 +1.82
SLV 15.63 +0.49
PTM 15.68 +0.84

NTES 37.32 +1.04
SYNM 2.58 +0.08

EEP 41.57 +0.81. 9.5% dividend.
GS 149.47 +7.32
SMH 21.61 +0.26. Appears to be topping.
TIVO 10.90 +0.20

20090604 1405

DOW 8,738.75 +63.47
NASDAQ 1,844.42 +18.50
SP500 941.19 +9.43

GLD 96.31 +1.90
SLV 15.66 +0.52
PTM 15.74 +0.90

NTES 37.06 +0.78. Closed 1/2 long at 39.9 for .6 per share gain to take some profits. Will hold other 1/2 as swing trade.
SYNM 2.58 +0.08. Looking for additional gains of .05 today.

SMH 21.53 +0.18
TIVO 10.80 +0.10

20090604 0932

DOW 8,682.68 +7.40
NASDAQ 1,831.47 +5.55
SP500 934.47 +2.71

NTES 36.34 +0.06. Long at 36.3 for day trade.

20090603 PM

DOW 8,675.28 -65.59
NASDAQ 1,825.92 -10.88
SP500 931.76 -12.98
Indices gapped down and closed lower with a little strength near the close. Metals down and energy down.
GLD 94.41 -1.95
SLV 15.14 -0.61
PTM 14.84 -0.44

SYNM 2.50 -0.05. Took another long position at 2.48, taking average purchase price to 2.5.

NTES 36.28 +0.46. Sold at 36.23 for .24 per share intraday gain. Relative strength. 52 week high and all-time high.
SMH 21.35 -0.13
TIVO 10.70 +3.72. 52 week high. Eight year high and into prices from 2001.

XLE 51.38 -2.05

20090603 1430

DOW 8,613.36 -127.51
NASDAQ 1,811.72 -25.08
SP500 925.80 -18.94

TIVO 10.65 +3.67. Sold at 10.5 for .28 per share gain.

20090603 1214

DOW 8,645.13 -95.74
NASDAQ 1,820.72 -16.08
SP500 929.93 -14.81
Watching the regional bank index.

NTES 36.01 +0.19 Long at 35.99
SLV 15.26 -0.48. Covered at 15.4 for intraday .10 per share gain. Reconsidered being short metals, as the metals are an area I want to be long.

SYNM 2.50 -0.05
TIVO 10.26 +3.28

GMO 2.56 -0.12
SMH 21.23 -0.25

KBW 27.40 -0.54
XLF 12.04 -0.12

20090603 1053

DOW 8,666.48 -74.39
NASDAQ 1,822.98 -13.82
SP500 932.75 -11.99

SMH 21.19 -0.29. Covered short at 21.2 for .41 per share overnight gain.
TIVO 10.25 +3.27. Started long position at 10.22 for scalp.

NTES 36.00 +0.18. Made 52 week high. Relative strength.

20090603 1004

DOW 8,655.41 -85.46
NASDAQ 1,817.92 -18.88
SP500 931.68 -13.06

GMO 2.54 -0.14. Closed long at 2.53 for .73 per share gain.
SLV 15.53 -0.22. Started short position at 15.5.

20090603 0955

DOW 8,653.42 -87.45
NASDAQ 1,820.76 -16.04
SP500 932.60 -12.14
Most stocks lower along with commodities. When a run for the exits to lock in recent gains gets going, the market can drop down. We seem to be nearing that point of selling to lock in recent gains.

AGQ 55.88 -1.17. Sold last long position at 55.88 for 8.38 per share gain.

20090603 0939

DOW 8,693.16 -47.71
NASDAQ 1,823.21 -13.59
SP500 936.80 -7.94

TIVO 9.67 +2.69. There was news last night after close that TIVO won a patent infringement suit against a large cable/satellite provider. After hours yesterday went long at 9.53. This morning sold the long at 10 for .47 per share gain to get out of this risky news & momentum play. Turned the trade around and went short at 9.71 and a tight stop closed the short at 9.81 for about .09 per share loss.

20090602 PM

DOW 8,740.87 +19.43
NASDAQ 1,836.80 +8.12
SP500 944.74 +1.87

GLD 96.36 +0.63. Price and volume indicating lower price.
SLV 15.75 +0.40
PTM 15.28 +0.50

GMO 2.68 +0.04
SMH 21.48 -0.69
SYNM 2.55 +0.14

HL 3.48 -0.22. Silver producer that did secondary offering. Potential buy to track silver move.
TRE 3.85 -0.17

VMW 32.00 -0.22. Setting up as a short.
XLF 12.16 -0.20. Watch if downside volume comes in tomorrow.

20090602 1553

DOW 8,743.01 +21.57
NASDAQ 1,835.10 +6.42
SP500 944.51 +1.64

GMO 2.69 +0.05. Sold at 2.67 & 2.68 for .10 per share intraday gain.

HL 3.49 -0.21. News of $60 million private placement. Into price level from last week, so price loss seems mild. Day range 3.26 - 3.89.
SLV 15.73 +0.38

20090602 1531

DOW 8,744.68 +23.24
NASDAQ 1,836.65 +7.97
SP500 944.99 +2.12

GMO 2.63 -0.01. Looks to close flat.
SYNM 2.59 +0.18. Made 52 week high. Staying long.
SMH 21.58 -0.59. Relative weakness. Went short at 21.61.

SLV 15.72 +0.37. Based for a few hours and looks to go higher into close.

20090602 1428

DOW 8,757.74 +36.30
NASDAQ 1,841.08 +12.40
SP500 946.93 +4.06
Indices spurt higher looking to test high of yesterday and this morning.

SYNM 2.53 +0.12. Bought at 2.52 for scalp. Longer term chart continues to move higher into high from one year ago. 52 week range 0.51 - 2.59.

UGA 32.73 +0.00. Brief spike to 32.95 then sold down.

20090602 1412

DOW 8,735.44 +14.00
NASDAQ 1,835.18 +6.50
SP500 944.37 +1.50
Today closed a silver and a gas position to take a step back from commodities.

UGA 32.72 -0.02. Sold at 32.72 for .18 per share gain on small overnight position.

SMH 21.60 -0.57

20090602 1258

DOW 8,732.81 +11.37
NASDAQ 1,833.18 +4.50
SP500 943.68 +0.81

AGQ 55.99 +1.63. Had a sell order that was taken in the first minute of trading. The next minute there was a gap higher. Prices in the first minute look unfavorable. Per share gain of .32 overnight.
GMO 2.56 -0.08. Bought at 2.57 for scalp.
FXP 12.53 +0.51

20090601 PM

DOW 8,721.44 +221.11
NASDAQ 1,828.68 +54.35
SP500 942.87 +23.73
Indices followed last two-minutes from Friday and gapped up, moved higher, and closed higher. After market closed a couple banks announced secondary stock offerings to raise money.
Bonds had big price loss again.
If indices open higher in the morning, look to get short.
GLD 95.73 -0.47
SLV 15.35 -0.12
PTM 14.78 +0.12

AGQ 54.36 -0.74. Took full long position at average price of 55.02. Looking to close this position in the morning.
GMO 2.64 +0.51
UGA 32.74 +0.57. UNITED STS GASOLINE FD LP UNITS

ABIO 5.13 -4.16
QID 32.29 -2.09. 52 week low.
SRS 17.94 -1.64. 52 week low.
TRE 4.02 +0.37. Almost filled the Barron's article gap from early April with decent volume.
XLF 12.36 +0.13. Relative weakness.

20090601 1314

DOW 8,704.07 +203.74
NASDAQ 1,822.98 +48.65
SP500 942.16 +23.02

AGQ 54.64 -0.46. Started 1/2 position at 55.05. Looking to buy other 1/2 position if price holds today.

20090601 1203

DOW 8,714.75 +214.42
NASDAQ 1,824.51 +50.18
SP500 943.42 +24.28
Indices gapped open (following the spike in the last couple minutes Friday) and moved higher and are holding the gains.
GLD 96.14 -0.06
SLV 15.43 -0.03
PTM 14.83 +0.17

UGA 32.52 +0.35. Started long position at 32.54. Tracks gasoline.

SMH 22 +0.90
GMO 2.44 +0.31

20090530 Weekend

DOW 8,500.33 +96.53
NASDAQ 1,774.33 +22.54. Closed over May 7 high, so price can go higher next week.
SP500 919.14 +12.31
Indices jammed higher in the last two minutes (to paint the charts). Dollar lower and currencies have been erratic the past few days. Commodities higher again. Bond prices higher after the big losses yesterday.
GLD 96.20 +1.96. A close above 99 and this can quickly go to 125. If it doesn't move higher early next week, then it will likely fall back.
SLV 15.47 +0.54
PTM 14.66 +0.76

SMH 21.10 +0.01. Covered short at 20.99 for 1.06 per share loss.

AGQ 55.10 +3.77 (7.34%). Ultra Silver ProShares.

20090529 1539

DOW 8,421.08 +17.28
NASDAQ 1,754.26 +2.47
SP500 910.02 +3.19

SSO 25.67 +0.24. Sold at 25.68 for intraday gain of of .15 per share.

GMO 2.09 +0.19

20090529 1139

DOW 8,374.01 -29.79
NASDAQ 1,743.88 -7.91
SP500 905.25 -1.58

SSO 25.43 +0.00. Day range 25.30 - 25.85. Long at 25.52 for scalp.

20090529 0958

DOW 8,396.15 -7.65
NASDAQ 1,750.73 -1.06
SP500 905.89 -0.94
Metals continue to show strong moves. Dollar continues to weaken.
GLD 95.84 +1.60
SLV 15.24 +0.31
PTM 14.30 +0.40

GMO 2.03 +0.13. Sold some shares at 1.95 to take partial profits from shares that were started this week for .09 per share gain.
SMH 21.03 -0.06. Near stop loss, so will see how it acts today.

20090528 PM

DOW 8,403.80 +103.78
NASDAQ 1,751.79 +20.71
SP500 906.83 +13.77
Indices closed moderately higher, with strong moves in oil and some metals.
GLD 94.24 +0.79
SLV 14.93 +0.35
PTM 13.90 +0.12

TRE 3.80 +0.37

20090527 PM

DOW 8,300.02 -173.47
NASDAQ 1,731.08 -19.35
SP500 893.06 -17.27
Market indices opened down fractionally and quickly moved higher until 1:30PM when it started selling off. Indices sold off into the close.
Treasury bonds continue to weaken without widespread media reporting of this potential problem with federal government deficit financing.
GLD 93.45 -0.31
SLV 14.58 +0.16
PTM 13.78 -0.06

SHY 83.81 -0.02. iShares Barclays 1-3 Year Treasury Bond.
IEI 111.07 -0.43. iShares Barclays 3-7 Year Treasury Bond.
IEF 89.96 -1.03. iShares Barclays 7-10 Year Treasur Bond. Price spread with volume. Close near low of day.
TLT 90.49 -1.63. iShares Barclays 20+ Year Treasury Bond.

FXP 15.24 -0.30. 52 week range 14.45 - 183.99. Made 52 week low then started to recover.
GMO 1.79 -0.11

BGU 31.40 -1.92
DXD 50.52 +1.89

KRE 19.46 -1.15. SPDR KBW Regional Banking. Looks to test March 2009 low ~15.
XLF 11.68 -0.36. Look for drop of 2 points.

20090527 1451

DOW 8,381.10 -92.39
NASDAQ 1,747.01 -3.42
SP500 902.85 -7.48

DXD 49.68 +1.05. Trailing stop sold long at 49.69 for .96 per share intraday gain.
GMO 1.87 -0.03. Added to long at 1.86.
SLV 14.61 +0.19

20090527 1235

DOW 8,452.47 -21.02
NASDAQ 1,762.41 +11.98
SP500 911.42 +1.09

DXD 48.83 +0.20. Long at 48.75.

SLV 14.67 +0.25

20090527 1156

DOW 8,447.61 -25.88
NASDAQ 1,761.85 +11.42
SP500 910.34 +0.01

BGU 33.37 +0.05. Closed long from yesterday at 33.55 for .45 per share gain.

XLF 12.10 +0.06. Has not yet tested 12.37 from a few days ago, so for now want to stay short financials.

20090526 PM

DOW 8,473.49 +196.17
NASDAQ 1,750.43 +58.42
SP500 910.33 +23.33
World indices were down over the weekend and Monday. US indices opened slightly lower then rocketed higher. Higher price without big volume, so it can go higher to test highs from last week.
GLD 93.76 -0.39. Day range 92.85 - 93.84.
SLV 14.42 -0.08
PTM 13.84 -0.27

BGU 33.32 +2.56. At end of day with markets holding higher, went long at 33.10 for overnight long.
TZA 25.24 -4.09. Stopped out at 26.43 for 2.8 per share loss.
GMO 1.90 +0.17. Price spread with decent volume.

XLF 12.04 +0.38. Consolidating with lighter volume.

20090522 Weekend

DOW 8,277.32 -14.81. Close below 8170 targets 8000 next week.
NASDAQ 1,692.01 -3.24
SP500 887.00-1.33. With a close below 878, look for a sharp down move.
Metals higher. Dollar and bonds continued to weaken and look to go lower. Quick dollar and bond moves are signaling some financial problems to be exposed in the next few weeks. If foreign central banks are selling their bonds to the Fed, there may be dramatic moves with the dollar, metals, and the markets.
While the markets can go higher and can take in more long money that missed the run of the past few months, the risk of a large downside correction seems to be increasing. Higher prices with higher volume will negate the downside risk.
During the weekend holiday the President admitted "Well, we are out of money now". Will we continue to try to spend, thus destroying the dollar, bonds, and life insurance policies?
GLD 94.15 +0.30. Many have been calling for lower gold prices, but with the dollar having made the low for 2009 and looking to go lower, gold will go higher.
SLV 14.50 +0.16
PTM 14.11 -0.02

TZA 29.33 +0.92. Bought at 29.24 before close.

DBB 14.41 +0.45. PowerShares DB Base Metals.
GM 1.43 -0.49 (25.52%). Volatile week. Longs will be broke next week when GM files for bankruptcy. The July $1 puts traded for .6.
OIH 97.27 +0.93. Weakness early next week will help to confirm overall market weakness.
SRS 22.73 +1.13

20090522 1545

DOW 8,312.13 +20.00
NASDAQ 1,701.09 +5.84
SP500 891.23 +2.90

TWM 49.46 +0.42. Sold at 49.5 for .5 per share intraday gain.

20090522 1539

DOW 8,333.87 +41.74
NASDAQ 1,706.72 +11.47
SP500 893.79 +5.46
Indices are setting up for sell-off next week.

TWM 49.27 +0.23. Bought at 49. Ultrashort Russell 2000.

20090522 1529

DOW 8,320.65 +28.52
NASDAQ 1,702.42 +7.17
SP500 891.81 +3.48

FAZ 5.44 +0.03. Sold at 5.31 this morning for .36 per share gain to take profits before the long weekend.

AGQ 48.45 +0.83.

XLF 11.71 -0.03. Watch for quick buying into the close so this will close positive.

20090521 PM

DOW 8,292.13 -129.91
NASDAQ 1,695.25 -32.59
SP500 888.33 -15.14
Dollar and bonds sold off. Financials sold off and amazingly the financial index closed flat. Fast currency and bond moves indicate a significant event in the near future.
GLD 93.82 +1.57
SLV 14.33 +0.23
PTM 14.09 +0.06

AGQ 47.62 +1.53

XLF 11.74 +0.02

20090521 1533

DOW 8,268.72 -153.32
NASDAQ 1,691.10 -36.74
SP500 884.98 -18.49
Something is not right somewhere - bonds or metals or financials? They need to hold up the financials for a few more weeks so the financial companies can push out new equity.

AGQ 47.52 +1.43. Started long at 47.5. Double silver.

XLF 11.64 -0.07

20090520 PM

DOW 8,422.04 -52.81
NASDAQ 1,727.84 -6.70
SP500 903.47 -4.66
Indices pushed higher with lighter volume and failed with sell-off into the close.
The central bank private banking cartel will monetize more debt thus devaluing existing dollars. Federal Reserve officials Wednesday opened the door to raising the amounts of mortgage-related and Treasury securities purchases beyond the $1.75 trillion they've already committed to buying.
Crude oil set calendar year high. Metals higher. Continued dollar weakness.
GLD 92.29 +1.33. Futures contracts open interest has been increasing.
SLV 14.07 +0.09
PTM 14.03 +0.06

GMO 1.79 +0.10. Started long at 1.8. May hold this for awhile to have exposure to metals.

BAC Did secondary stock offering last night to raise a portion of the funds they need to get solvent. The retail investor rip-off continues.
XLF 11.72 -0.32. Gave up higher prices and volume came in. Heading for 9.41 from April 21.

20090519 PM

DOW 8,474.85 -29.23
NASDAQ 1,734.54 +2.18
SP500 908.13 -1.58
Indices opened lower, went higher with news of more banker bailouts, then sold off into the close.
GLD 90.96 +0.60
SLV 13.98 +0.40
PTM 13.9699 +0.24

FAZ 5.07 +0.25. Day range 4.62 - 5.12.

XLE 49.90 +0.24
XLF 12.04 -0.25

AGQ 45.48 +2.34
SIGM 15.85 +1.21
SSO 25.58 -0.10

20090519 1544

DOW 8,500.97 -3.11
NASDAQ 1,739.76 +7.40
SP500 911.51 +1.80

FAZ 4.97 +0.15. With XLF apparently not able to climb further, and with XLF having had lighter volume for the past few up days, went long FAZ (3x short) at 4.95.

XLF 12.15 -0.14. Watch if they can make this close positive.

SRS 20.95 +0.45

AGQ 45.66 +2.52. Double long silver.
Tue May 19 15:35:00 EDT 2009 | Briefing.com
The equity markets continue to trade in a choppy fashion on light volume.
Silver futures were the primary leader among commodities as natural gas futures were the primary laggard this session. ...