Monday, February 02, 2009

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.

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