Monday, February 09, 2009

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.

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