Thursday, February 19, 2009

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.

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