20090227 PM

Dow 7,062.93 -119.15. Broke November 21 2008 low with some volume.
Nasdaq 1,377.84 -13.63
SP500 735.09 -17.74.
30-yr Bond 3.722% +.076
Indices continue to sell off on lighter volume. There are no buyers.

GLD 92.63 -.43
SLV 12.88 -.09
PTM 13.08 +.22. The last couple days platinum has been up while gold & silver have been down. Interesting divergence. While platinum has ground to make up, the expectation has been that reduced car sales will keep the lid on the price of platinum (catalytic converters). Is platinum moving from an industrial metal to a store of value or money?

EEE .80 +.10 (14.29%). Day range .68 - .80. 52 week range .23 - 2.50. Will be some resistance at 1.

RGR 9.42 +.32. Sturm, Ruger & Co. Inc. 52 week high.
ERJ 10.81 -.54. Closed at 52 week low. Looks to drop off the cliff soon.
DRYS 3.47 -.12

XLF 7.60 -.53 (6.52%).
HIG 610 -1.06 (14.80%). Looks to test 4.16 from November 2008.
MFC 10.15 -1.12 (9.94%). Looks to go much lower.
C 1.50 -.96 (39.02%). Huge volume.
SLM 4.60 -1.20 (20.69%)

20090226 PM

Dow 7,182.08 -88.81 (1.22%)
Nasdaq 1,391.47 -33.96 (2.38%)
S&P 500 752.83 -12.07 (1.58%)
10-Yr Bond 2.978% +.033
GLD 93.057 -.093
SLV 12.97 -.52.
PMT 12.86 +.16
USO 27.23 +1.23. Oil has quietly moved up to 45/barrel.

SLM 5.80 -2.59 (30.87%). 52 week range 4.19 - 25.05. Sallie Mae going to be disintermediated.
PLT 8.23 - 26.70. 52 week range 8.23 - 26.70. Below November 2008 lows.
BEAV 7.81 -.31. 52 week range 5.37 - 43.51. Looks to retest low.
TRE 4.45 +.25. Looking to buy a pullback.

20090225 PM

Dow 7,270.89 -80.05
Nasdaq 1,425.43 -16.40
S&P 500 764.90 -8.24
10-Yr Bond 2.945% +.146

GLD 93.15 -1.58
SLV 13.49 -.12

XLF 8.00 -.05

DRYS 3.83 -.20

20090224 PM

Dow 7,350.94 +236.16 +3.32%
Nasdaq 1,441.83 +54.11 +3.90%
SP500 773.14 +29.81 +4.01%
10 Yr Bond 2.7990% +0.0220
Indices started slightly higher and moved higher.
Getting junior miner buy list together, along with anticipating further gold/silver purchases.
There is anticipation of President's speech this evening. Tomorrow looking for downside.

GLD 94.73 -3.00
SLV 13.61 -.728

AA 6.39 +.58 (9.98%)

http://www.jsmineset.com/wp-content/uploads/2009/02/nikkei-index-and-sp-500-index.pdf

20090223 PM

Dow 7,114.78 -250.89 (3.41%)
Nasdaq 1,387.72 -53.51 (3.71%)
S&P 500 743.33 -26.72 (3.47%)
10-Yr Bond 2.78% +.0050
Indices opened up and oil was up. Indices and oil sold off and support levels were taken out. Though volume has not been excessive the past week, no buyers are on the horizon. While the market is drastically oversold, it keeps going lower and oil looks to go lower. A vicious bear rally is going to happen ... sometime.
Gold is at all time highs in almost every currency. If (when) the US dollar rapidly devalues, look for a violent squeeze in the precious metals. In addition to continuing to move out of the US dollar and into gold/silver/platinum/fuel/food/ammo, will look at the Yen and the Swiss Franc for a small position. Protect yourselves and your families.
The US government, and in particular tax cheat Geithner of the Treasury (formerly of the NY Fed) and Bernanke of the Fed, apparently are out of tricks and out of talking points. Either they directly print money, socialize the banks, or continue to talk around the issues. This mess has been created in part by those in power - SEC lax oversight to allow Madoff fraud, Paulson lobbying for lax leverage limits while running Goldman, mortgage appraisal and rating fraud, etc. We need an army of white collar fraudsters to go to prison and disgorge their illicit gains.

GLD 97.73 -.07.
SLV 14.34 +.09. Started position. Intend to scale in much more.
DGP 23.03 -.05. Started small position. Intend to scale in more.

FAS 4.41 -.49. Closed long for big percentage loss.
BGU 19.87 -2.16. Closed long for big percentage loss.
ZYXI 1.20 +0. Closed today to realize loss from several months ago.

AA 5.81 -.48. Closed at 52 week low.
SRS 82.39 +10.11.
JAVA 4.58 -.26.

20090220 PM

Dow 7,365.67 -100.28
Nasdaq 1,441.23 -1.59
S&P 500 770.05 -8.89
30-yr Bond 3.565% -.123

AA 6.29 -.06. 52 week low. Back to prices from early 1990s.

Financials:
XLF 7.44 -.11. High volume. Opened at 7.18. Day range 6.85 - 7.63.
PNC 23.23 -.87. Closed at 52 week low.
HIG 6.79 -.94. Volume is picking up. 52 week range 4.16 - 79.88.
MFC 10.52 -1.02. 52 week low. 52 week range 10.28 - 40.35.
STT 22.72 +.26.

Short watch list:
SFLY 7.79 -.12.

High dividend potential buy watch list:
MWE 10.06 -.57. 23% dividend. 52 week range 6.55 - 38.50.
EVEP 13.48 -.95. 21% dividend. 52 week range 8.78 - 33.08.

20090219 PM

Dow 7,465.95 -89.68 (1.19%)
Nasdaq 1,442.82 =25.15 (1.71%)
SP500 778.94 -9.48 (1.20%)
30-yr Bond 3.688% +.163
Broad index moderate price declines, while some financials made new 52 week lows.

GLD 95.77 -1.14. Volume picking up a little on the downside.
SLV 13.888 -.281. Volume picking up on the downside. While highs of this week have good volume, expect a quick pullback soon.

AA 6.35 -.14. Closed at 52 week low. Moderate volume, so this price is due to a lack of buyers and not due to an overwhelming number of sellers. Without buyers, price can go much lower.
HOTT 8.87 -.21. If it tests 8, watch how it holds.
SQNM 17.29 +.75. Relative strength with decent volume. Potential buy on a light volume pullback.

XLF 7.55 -.42. Intraday 52 week low.
HIG 7.73 -2.51. Look for test of 5 area. This life insurer could go bankrupt if its' investments in the equities markets continue to decline.
MFC 11.54 -.45. 52 week low. Life insurer.
STT 22.46 -1.22.

20090218 PM

DJIA 7,555.63 3.03
NASDAQ 1,467.97 -2.69
SP500 788.42 -0.75
Market couldn't push into lower prices. No incentive to be a buyer. Options expiration this week should bring in volume.

GLD 96.91 +1.46
SLV 14.17 +0.18

BGU 23.55 -.07. Bought today.
FAS 5.84 -.16. Bought today.
XLF 7.97 +.00
MFC 12.30 - 40.35. New 52 week low.
STAR 14.37 +.23. Keeps pushing recent highs.

RSX 10.92 -.09
CEE 12.61 -.80. Intraday 52 week low.
EEV 57.92 -1.08

AA 6.49 -.26
GM 2.06 -.12
SPG 35.94 +.79. Simon Property Group Inc. Easily due for a bounce.

20090218 1152

DJIA 7,576.34 +23.74
NASDAQ 1,479.35 +8.69
SP500 791.09 +1.92

GLD 95.58 +0.13
SLV 14.08 +0.09

FAS 5.95 -0.05. Bought here.
BGU 23.96 +0.34. Bought here.

HIG 10.24 0.26. Financial rejecting lows.

20090217 PM

Dow 7,552.60 -297.81 (3.79%)
Nasdaq 1,470.66 -63.70 (4.15%)
S&P 500 789.17 -37.67 (4.56%)
30-yr Bond 3.486% -.196
Gold and silver up.

Volume is picking up. Look for a gap down in the morning. This will either be a good short term buy for a multi-day recovery, or a free fall. It looks with the market having been closed on Monday and a big gap down Tuesday, that significant selling pressure has been used. There is little/no buying pressure.

XLF 7.97 -.88 (9.94%). Many financials made 52 week lows.

AA 6.75 -.73 (9.76%). Closed at 52 week low.

20090217 1411, Russia

DJIA 7,605.97 -244.44
NASDAQ 1,481.91 -52.45
SP500 795.33 -31.51
Obama signing spending bill in Denver. World markets say TOO LATE, FAIL.

Gold and silver up.

Russia closed market lock limit down.
RSX 11.10 -2.00

CEE 13.65 -1.47

EEV 57.70 +6.61

Spain

There are many articles about Eastern European countries in the EU that are struggling.
Eastern Europe is about to Blow

Spain may be struggling as the Eastern Europeans are struggling.
Standard and Poor's have already downgraded Spain
Spain is suffering more than other European countries
Spain also has a very large current account deficit

Consider shorting Spain on a rally.

EWP 30.89 -.31. iShares MSCI Spain Index. 52 week range 28.63 - 65.34. 7% dividend.
SNF 4.65 +.05. Spain Fund Inc. 52 week range 4.03 - 13.80. 17% dividend. Extremely light volume.

20090213 PM

Dow 7,850.41 -82.35
Nasdaq 1,534.36 -7.35
SP500 826.84 -8.35
10-Yr Bond 2.882% +.155

GLD 92.60 -.57
SLV 13.55 +.22
TLT 102.39 -2.82
XLF 8.85 -.35

20090212 PM

DJIA 7,932.76 -6.77
NASDAQ 1,541.71 11.21
SP500 835.19 1.45. Thirty minutes before close tested 808, then reversed and ran up.
Market indices gapped down, went higher then lower, and in the final thirty minutes sprinted up to close mostly flat and at highs of day.

GLD 93.17 +0.88
SLV 13.33 -0.01

SRS 61.41 +1.06. Day range 60.99 - 70.15.

20090212 1244

DJIA 7,842.12 -97.41
NASDAQ 1,530.80 0.30
SP500 825.00 -8.74
Indices gapped down. Will likely meander the remainder of the session. Not expecting dramatic downside potential until after the long weekend.

GLD 93.19 +0.90
SLV 13.36 +0.02

SRS 64.83 +4.48. Sold this morning at 65.06 for good percentage gain on small position.

FST 18.09 +1.26

20090211 PM

Market indices fractionally higher.
Gold and silver higher.

Bought small SRS position during the day.

XLF 9.32 +.43
RIMM 48.76 -8.28
JAVA 5.22 +.12

20090211 1107

DJIA 7,939.85 +50.97
NASDAQ 1,530.20 +5.47
SP500 833.32 +6.16

GLD 93.01 +2.80
SLV 13.42 +.44

SRS 62.64 +.04. After a couple months of base building and market up this morning, bought here.

DRYS 4.83 -.95

20090210 PM

Dow 7,888.88 -381.99 (4.62%)
Nasdaq 1,524.73 -66.83 (4.20%)
SP500 827.16 Down 42.73 (4.91%)
30-yr Bond 3.53% -.1760
Gold and silver up.
Geithner from the Treasury (was chief of NY Fed) gave the delayed speech about saving the financial industry, and didn't talk about fixing the real problems.

SKF 145.53 +22.65
IYR 29.91 -2.81

SRS 62.60 +9.34

20090209 PM

Dow 8,270.87 -9.72
Nasdaq 1,591.56 -.15
SP500 869.89 +1.29
30-yr Bond 3.7060% +.0230
Treasury delayed announcing their latest bailout until Tuesday. While there could be upside after an announcement, it that by Wednesday people will understand the magnitude of the problem and the ineffectiveness of the "solution". In other words, there is significant downside market risk.

EEE 70 +.02. Started a small position at .72 today. 52 week range .23 - 2.75.
XLF 9.90 +.11.
XLE 49.65 +.18.
GLD 88.32 -1.27. Closing at 87 and this can go lower and quick - to 800/oz.
SLV 12.7199 -.1901.

GE 12.64 +1.54. Needs more volume to sustain this up move.
FWRD 21.85 -1.02.
SRS 53.26 -1.03.
AEM 53.13 -2.35.
TRE 3.60 -.20. Looking to buy this pullback when/if gold gets down to 800.

JAVA 5.76 -.03.
DRYS 6.50 +.32.
HIG 15.03 +2.35.

V 55.32 -.09.
TSYS 8.78 +.20. Intraday made 52 week high.
UEPS 14.92 +1.29.

20090206 PM

Dow 8,280.59 217.52 (2.70%)
Nasdaq 1,591.71 45.47 (2.94%)
SP500 868.60 22.75 (2.69%)
10-Yr Bond 2.979% 0.079
NYSE Volume 6,488,450,000
Nasdaq Volume 2,454,563,750
Indices went up and hung near highs. Shorts don't want to take a large position in front of Treasury announcing financial bailout plan part 4.

EEE .68 +.09 (15.25%). 52 week range .23 - 2.75.
UMPQ 10.62 +1.08 (11.32%). 52 week range 8.14 - 20.35.

20090206 1542

DJIA 8,286.96 +223.89
NASDAQ 1,589.52 +43.28
SP500 868.19 +22.34

TWM 65.86 -4.74. Trailing stop closed position for small loss. Tight stops with volatility worked against this position today.

20090206 1406

DJIA 8,275.17 +212.10
NASDAQ 1,587.85 +41.61
SP500 867.32 +21.47. Stalling below January 28 highs.

TWM 66.23 -4.37. Bought small position at 65.95.

HIG 12.24 -2.85 (-18.86%). Positive article in last weekend's Barrons.

20090205 PM

DJIA 8,063.07 106.41
NASDAQ 1,546.24 31.19
SP500 845.85 13.62
GLD 90.12 +.94.
SLV 12.75 +.33.

DRYS 6.43 -.73.
JAVA 5.48 +.51. Moved up and hung near highs.
BGU 29.42 +1.49.

ERY 32.02 --2.87. Opened up and sold off.
HL 1.83 -.34. Issued new shares. Potential buy if it gets to one dollar.

HIG 15.09 +.52. Positive article in Barron's last weekend. Poor earnings after market closed today. ... it intends to cut its quarterly dividend by 84% to 5 cents as it swung to a fourth-quarter loss on investment losses.
Shares fell 13% to $13.14 in after-hours trading ...

20090205 1524

DJIA 8,047.54 90.88
NASDAQ 1,541.73 26.68
SP500 844.63 12.40

BGU 29.40 +1.47. Trailing stop closed intraday long for small gain.
DRYS 6.40 -.76. Trailing stop closed intraday long for small loss.

JAVA 5.48 +.51.

20090205 1104

DJIA 7,986.92 30.26
NASDAQ 1,531.00 15.95
SP500 837.58 5.35

BGU 28.79 +.86. Went higher, small pullback, looks to go higher. Bought here at 28.61 to take advantage of volatility up. Looking to close quickly for small scalp.
DRYS 6.47 -.69.
JAVA 5.38 +.41.

20090205 1048

DJIA 7,923.13 -33.53
NASDAQ 1,525.34 10.29
SP500 832.02 -0.21
Indices reversing toward positive. Watching for follow-through.

JAVA 5.39 +.42. Continues to move up.
DRYS 6.39 -.77. Selling off. Bought here for a intra-day bounce scalp.

20090205 1021

DJIA 7,868.65 -88.01
NASDAQ 1,511.37 -3.68
SP500 825.20 -7.03. Watch how this gets down toward 800 and if selling comes in.

Closed oil short. Overnight 2.2% gain.

Silver - SLV USV

Interesting disparity in the percentage change. Keep an eye on how these trade.

SLV 12.42 +.10 (0.81%). iShares Silver Trust. The objective of the investment is to reflect the price of silver owned by the trust less the trust's expenses and liabilities.

USV 20.30 +1.74 (9.36%). E-TRACS UBS Bloomberg CMCI Silver ETN. The investment seeks to track the price and performance yield, before fees and expenses, of the UBS Bloomberg CMCI Silver Total Return index. The fund is designed to be representative of the entire liquid forward curve of the silver contracts. The index measures the collateralized returns from a basket of silver futures contracts. It is comprised of the silver futures contracts included in the CMCI with five target maturities.

20090204 PM

DJIA 7,956.66 -121.70
NASDAQ 1,515.05 -1.25
SP500 832.23 -6.28

JAVA 4.97 +.31. Sold when market was showing weakness today. Watch how it consolidates for potential move above 5.

TNH 127.05 -5.38. Went above September 2008 highs and closed below it. Look for test of 111.17.

BAC 4.70 -.60. Unprecedented volume. Closed at 52 week low. 52 week range 5.05 - 43.81.

20090204 1447

DJIA 7,965.02 -113.34
NASDAQ 1,514.29 -2.01
SP500 832.80 -5.71

Went short oil.

20090204 1440

DJIA 7,968.92 -109.44
NASDAQ 1,514.93 -1.37
SP500 833.06 -5.45
Markets did not have volume to sustain the higher prices, and market has sold off moderately.

JAVA 4.95 +.29. Closed long at 4.93.

20090203 PM

DJIA 8,078.36 141.53
NASDAQ 1,516.30 21.87
SP500 838.51 13.07
Silver and gold down slightly.

JAVA 4.66 +.19. Price with volume came in during last hour of trading.
DRYS 6.09 +1.20. Gapped up and held price steady with good volume. Looks to being going back up in a big range of consolidation.

SQNM 18.90 -1.46.

TDY 27.34 +.05. Successfully rejected the 52 week low today. Can quickly recover to 30, then into the gap.

20090202 PM

Dow 7,936.75 -64.11 (0.80%). Close below 8000, though lows were rejected and recovered during day.
Nasdaq 1,494.43 +18.01 (1.22%)
S&P 500 825.44 -.44 (0.05%)
30-yr Bond 3.4700% -.1330
Silver and gold lower.

JAVA 4.47 +.31. If volume of 20 million or more with a close at 5, this can get going higher.
DRYS 4.89 -1.74.

ALL 20.90 -.77. 52 week range 17.72 - 52.16. Looks to test yearly low and similar 2000 low. 5.5% dividend is unlikely to be paid.
HIG 15.12 +1.96. Somewhat positive article in Barron's yesterday. Big resistance at 20.
SQNM 20.36 -1.80. Needs to hold 20 or can quickly go to 15.
GLD 88.84 -2.47. May test of 80.

20090202 1005, TNH

DJIA 7,910.06 -90.80
NASDAQ 1,472.84 -3.58
SP500 816.59 -9.29
Markets gapped down. Looking for markets to stabilize intraday and potentially close up. If selling pressure was used up at the open, then not looking for a further sell-off today.

SDS 82.91 +1.87. Had a small long position from last week and closed it for a gain this morning.
JAVA 4.33 +.17. Bought this morning for a scalp.

DRYS 5.10 -1.53. Continues to gap down and sell off. Lesson is that if short a broken stock and markets are weak, then either stay short or possibly close the short in pieces. On the other hand, in this market it is important to take profits...

TNH 126.47 +3.98. 12% dividend. Moving up to September 2008 prices. Ten months ago was at 171.

20090130 PM

Dow 8,000.86 -148.15 (1.82%). 8000 is a big round number, and several closes below that number will be widely reported and may potentially cause "average Joe" selling.
Nasdaq 1,476.42 -31.42 (2.08%)
SP500 825.88 -19.26 (2.28%). Closing below 830 is bad news.
30-yr Bond 3.6030% +.0440

Potential enormous downside in equities with limited upside potential. The volume in the first few days of next week will be important to watch. If Monday morning there is a big downside gap, then it is too late to get short.

GLD 91.31 +1.81 (2.02%). Okay to buy gold up to 1000 then re-evaluate.
UGL 34.80 +1.30 (3.88%).
SLV 12.52 +.26 (2.12%). A close at 14 and this is going back to 20.

XLF 9.24 -.26 (2.74%). Volume is picking up.
HIG 13.16 -2.24 (14.55%). Earnings February 5.
COF 15.84 -1.03 (6.11%). Last few days has been banging floor to go lower, and today made 52 week low. Testing prices from 1997.

AA 7.79 -.65 (7.70%). Average volume. 52 week low is 6.80.

MGM 8.00 -.66 (7.62%). 52 week low today.

UPS 42.49 -2.35 (5.24%). 52 week low today.
DRYS 6.63 -1.93 (22.55%).

SKF 143.26 +6.52 (4.77%).