DOW 7608.92 +86.90
NASDAQ 1528.59 +26.79
SP500 797.87 +10.34
Indices gave back nearly 1/2 of earlier days when press releases indicated GM bond holders may push GM into a prepackaged bankruptcy.
GLD 90.28 +0.30
SLV 12.79 -0.06. Day range 12.41 - 13.03.
PTM 13.79 +0.062
APL 3.92 +0.45
EEE 1.392 +0.172. Expect 1.5 area retest to again present resistance.
FAS 5.50 +0.65
URE 2.45 +0.25. May need more time to consolidate.
VMW 23.62 +0.10
XLE 42.46 -0.364. Day range 42.44 - 43.57.
XLF 8.81 +0.46
CCL 21.60 +0.68. Carvinal cruise line. Dependent upon consumer discretionary spending.
GM 1.94 -0.76 (-28.15%). Prepackaged bankruptcy is approaching.
TRE 4.42 +0.
Tuesday, March 31, 2009
Thursday, March 26, 2009
20090326 PM
DOW 7924.56 +174.75. Heading for 8600.
NASDAQ 1587.00 +58.05.
SP500 832.86 +18.98. Closed above the February gap down. Heading for 900.
GLD 91.93 -0.05
SLV 13.35 +0.
PTM 14.05 +0.21
EEE 1.16 -0.15 (-11.45%). Sold off at end of day on large volume.
TNA 20.58 +2.03. Sold at 19.1 in the morning.
FAS 6.861 +0.28. Bought at 6.78 today. Looking for 8 and then it can quickly go much higher.
URE 2.69 +0.14. Consolidating. A close above 3.16 (February 17 gap down) and this can go to 5.
XLE 45.83 +0.39.
XLF 9.43 +0.11.
DRYS 5.11 +0.36 (+7.58%).
NASDAQ 1587.00 +58.05.
SP500 832.86 +18.98. Closed above the February gap down. Heading for 900.
GLD 91.93 -0.05
SLV 13.35 +0.
PTM 14.05 +0.21
EEE 1.16 -0.15 (-11.45%). Sold off at end of day on large volume.
TNA 20.58 +2.03. Sold at 19.1 in the morning.
FAS 6.861 +0.28. Bought at 6.78 today. Looking for 8 and then it can quickly go much higher.
URE 2.69 +0.14. Consolidating. A close above 3.16 (February 17 gap down) and this can go to 5.
XLE 45.83 +0.39.
XLF 9.43 +0.11.
DRYS 5.11 +0.36 (+7.58%).
20090326 1325
DOW 7,920.02 +170.21
NASDAQ 1,578.11 +49.16
SP500 831.76 +17.88. Pushing above February 17 gap down high price.
In general, shorts continue to get smoked.
Financials have lagged today though they are starting to participate in the upside.
TNA 20.32 +1.77
Financials:
FAS 6.79 +0.209. Started long swing trade at 6.78.
XLF 9.41 +0.09. Looking for weekly close above 9.7 to then test of 10.5.
NASDAQ 1,578.11 +49.16
SP500 831.76 +17.88. Pushing above February 17 gap down high price.
In general, shorts continue to get smoked.
Financials have lagged today though they are starting to participate in the upside.
TNA 20.32 +1.77
Financials:
FAS 6.79 +0.209. Started long swing trade at 6.78.
XLF 9.41 +0.09. Looking for weekly close above 9.7 to then test of 10.5.
20090326 0951
DOW 7,814.49 +64.68
NASDAQ 1,552.95 +24.00
SP500 821.30 +7.42
TNA 19.094 +0.544. Sold at 19.1 for 2.55 gain from going long yesterday.
NASDAQ 1,552.95 +24.00
SP500 821.30 +7.42
TNA 19.094 +0.544. Sold at 19.1 for 2.55 gain from going long yesterday.
Wednesday, March 25, 2009
20090325 PM
DOW 7749.81 +89.84
NASDAQ 1528.95 +12.43
SP500 813.88 +7.76
Indices sold off at lunchtime then recovered to close higher with volume. Big price range on some of the equities.
Bank of England debt auction was under-subscribed.
GLD 91.98 +1.03
SLV 13.35 +0.10
PTM 13.84 +0.09
ANO 0.53 +0.03.
EEE 1.31 -0.12 (-8.39%). Day range 1.15 - 1.63.
TNA 18.55 +1.35. Started long at 16.55.
URE 2.55 +0.05. Sold a few covered calls today, though was unable to cover call all of the long position. Rejected lower price and going higher.
VMW 24.16 -0.48. Day range 23.16 - 25.08.
XLE 45.44 -0.22.
FAZ 19.46 -1.69. Scalped intraday.
TRE 5.00 +0.35.
NASDAQ 1528.95 +12.43
SP500 813.88 +7.76
Indices sold off at lunchtime then recovered to close higher with volume. Big price range on some of the equities.
Bank of England debt auction was under-subscribed.
GLD 91.98 +1.03
SLV 13.35 +0.10
PTM 13.84 +0.09
ANO 0.53 +0.03.
EEE 1.31 -0.12 (-8.39%). Day range 1.15 - 1.63.
TNA 18.55 +1.35. Started long at 16.55.
URE 2.55 +0.05. Sold a few covered calls today, though was unable to cover call all of the long position. Rejected lower price and going higher.
VMW 24.16 -0.48. Day range 23.16 - 25.08.
XLE 45.44 -0.22.
FAZ 19.46 -1.69. Scalped intraday.
TRE 5.00 +0.35.
20090325 1516
DOW 7,606.37 -53.60
NASDAQ 1,498.11 -18.41
SP500 797.35 -8.77
TNA 16.70 -.50. Bought at 16.55 for swing trade.
EEE 1.21 -.22. Had a .20 drop on high volume.
NASDAQ 1,498.11 -18.41
SP500 797.35 -8.77
TNA 16.70 -.50. Bought at 16.55 for swing trade.
EEE 1.21 -.22. Had a .20 drop on high volume.
20090325 1455
DOW 7,598.80 -61.17
NASDAQ 1,495.79 -20.73
SP500 796.22 -9.90. If 790 doesn't hold, a drop to 770 will be quick.
FAZ 22.65 +1.50. Sold intraday scalp long at 22.7 for .62 gain. Triple short financials.
XLF 8.838 -0.182. Financial ETF had hit congestion at 8.75 from Monday morning and does not appear to be going into the gap from Monday morning.
TNA 16.22 -0.98. Is at the potential buy price of 16.3 that was mentioned last night.
NASDAQ 1,495.79 -20.73
SP500 796.22 -9.90. If 790 doesn't hold, a drop to 770 will be quick.
FAZ 22.65 +1.50. Sold intraday scalp long at 22.7 for .62 gain. Triple short financials.
XLF 8.838 -0.182. Financial ETF had hit congestion at 8.75 from Monday morning and does not appear to be going into the gap from Monday morning.
TNA 16.22 -0.98. Is at the potential buy price of 16.3 that was mentioned last night.
20090325 1406
DOW 7,626.84 -33.13
NASDAQ 1,504.95 -11.57
SP500 800.97 -5.15
FAZ 22.18 +1.03. Slow typing caused a sloppy fill to go long at 22.08.
EEE 1.50 +0.07. This morning sold part of a long swing position at 1.5 for .3 gain.
XLE 44.83 -0.83. This morning wrote the XLEDV APR 18, 2009 48 covered call at 1.25 and currently trading at .84.
NASDAQ 1,504.95 -11.57
SP500 800.97 -5.15
FAZ 22.18 +1.03. Slow typing caused a sloppy fill to go long at 22.08.
EEE 1.50 +0.07. This morning sold part of a long swing position at 1.5 for .3 gain.
XLE 44.83 -0.83. This morning wrote the XLEDV APR 18, 2009 48 covered call at 1.25 and currently trading at .84.
20090325 0935
DOW 7,738.50 +78.53
NASDAQ 1,533.97 +17.45
SP500 814.85 +8.73
ANO .51 +.01. Sold at .51 to lighten up on the metals for a few weeks.
DIG 24.06 -0.18
EEE 1.49 +0.06. Has options available.
URE 2.54 +0.04
NASDAQ 1,533.97 +17.45
SP500 814.85 +8.73
ANO .51 +.01. Sold at .51 to lighten up on the metals for a few weeks.
DIG 24.06 -0.18
EEE 1.49 +0.06. Has options available.
URE 2.54 +0.04
Tuesday, March 24, 2009
20090324 PM
DOW 7,659.97 -115.89
NASDAQ 1,516.52 -39.25
SP500 806.25 -16.67
Indices sold off before close.
GLD 90.95 -1.13
SLV 13.25 -0.21
PTM 13.75 -0.23
DGP 20.08 -0.52. Sold at 20 this morning.
DIG 24.25 -0.90. Started small swing trade at 24.2 today.
EEE 1.43 +0.07 (+5.15%)
URE 2.50 -0.41 (-14.09%). Sold off this afternoon. Bought at 2.77 this morning for swing trade.
VMW 24.64 -0.56
XLE 45.66 -0.88
GNCMA 6.08 -1.46 (19.36%).
DRYS 5.54 +.64 (13.06%). Relative strength and looks to trade a few points higher.
GMO 1.23 +.15 (13.89%). Would be a nice buy around .8.
NFLX 43.42 +.02. All time high.
TNA 17.20 -2.06 (-10.70%). Potential buy around 16.3 tomorrow.
NASDAQ 1,516.52 -39.25
SP500 806.25 -16.67
Indices sold off before close.
GLD 90.95 -1.13
SLV 13.25 -0.21
PTM 13.75 -0.23
DGP 20.08 -0.52. Sold at 20 this morning.
DIG 24.25 -0.90. Started small swing trade at 24.2 today.
EEE 1.43 +0.07 (+5.15%)
URE 2.50 -0.41 (-14.09%). Sold off this afternoon. Bought at 2.77 this morning for swing trade.
VMW 24.64 -0.56
XLE 45.66 -0.88
GNCMA 6.08 -1.46 (19.36%).
DRYS 5.54 +.64 (13.06%). Relative strength and looks to trade a few points higher.
GMO 1.23 +.15 (13.89%). Would be a nice buy around .8.
NFLX 43.42 +.02. All time high.
TNA 17.20 -2.06 (-10.70%). Potential buy around 16.3 tomorrow.
20090324 1123
DOW 7,709.03 -66.83
NASDAQ 1,533.56 -22.21
SP500 814.62 -8.30
DGP 19.94 -0.66. Sold at 20 this morning.
URE 2.91 +0. Bought at 2.77 this morning for swing trade.
EEE 1.42 +0.06.
NASDAQ 1,533.56 -22.21
SP500 814.62 -8.30
DGP 19.94 -0.66. Sold at 20 this morning.
URE 2.91 +0. Bought at 2.77 this morning for swing trade.
EEE 1.42 +0.06.
20090323 PM
DOW 7,775.86 +497.48 (+6.84%)
NASDAQ 1,555.77 +98.50 (+6.76%)
SP500 822.92 +54.38 (+7.08%)
Treasury released plan to encourage buying.
GLD 92.08 -1.51
SLV 13.46 -0.15
PTM 13.98 +0.29
APL 3.74 +0.44
EEE 1.36 +0.10
VMW 25.20 +2.16. Covered calls had expired over the weekend.
XLE 46.54 +3.54. Covered calls had expired over the weekend.
EEV 38.01 -8.38. Mechanical sell signal would have taken two points intraday.
FAS 7.076 +2.068 (+41.29%)
TNA 19.30 +3.94 (+25.65%)
NASDAQ 1,555.77 +98.50 (+6.76%)
SP500 822.92 +54.38 (+7.08%)
Treasury released plan to encourage buying.
GLD 92.08 -1.51
SLV 13.46 -0.15
PTM 13.98 +0.29
APL 3.74 +0.44
EEE 1.36 +0.10
VMW 25.20 +2.16. Covered calls had expired over the weekend.
XLE 46.54 +3.54. Covered calls had expired over the weekend.
EEV 38.01 -8.38. Mechanical sell signal would have taken two points intraday.
FAS 7.076 +2.068 (+41.29%)
TNA 19.30 +3.94 (+25.65%)
Monday, March 23, 2009
20090323 1357
DOW 7,559.30 +280.92 (+3.86%)
NASDAQ 1,510.25 +52.98 (+3.64%)
SP500 798.43 +29.89 (+3.89%)
Indices gapped up and are currently consolidating.
TNA 17.55 +2.19 (+14.26%). Took profits of 1.52 per share.
EEE 1.36 +0.10 (+7.94%)
XLE 45.20 +2.20 (+5.12%)
FAS 6.21 +1.202 (+24.00%).
NASDAQ 1,510.25 +52.98 (+3.64%)
SP500 798.43 +29.89 (+3.89%)
Indices gapped up and are currently consolidating.
TNA 17.55 +2.19 (+14.26%). Took profits of 1.52 per share.
EEE 1.36 +0.10 (+7.94%)
XLE 45.20 +2.20 (+5.12%)
FAS 6.21 +1.202 (+24.00%).
Sunday, March 22, 2009
20090320 PM, AU BTU JAG
DOW30 7,278.38 -122.42
NYSEcomp 4,832.13 -105.09
SP500 768.54 -15.50
NASDAQ 1,457.27 -26.21
On weekly charts the indices will show higher price with volume. Good longer term bullish sign. Next few days expect weakness.
GLD 93.59 -.76
SLV 13.61 +.19
PTM 13.69 -.65
ANO 0.53 -.02
EEE 1.26 +.05. Good volume.
TRE 5.01 -.04. High volume.
JAG 5.96 +.16. Miner. Potential long term buy.
BTE 12.67 +.19. 9% dividend. Look to buy a retracement.
AU 37.20 -1.47. "... one of the savviest investors of this era, John Paulson, has just invested $1.28 billion in AngloGold Ashanti, acquiring an 11.3% stake. Paulson is perhaps the only investor to be featured on the front page of the Wall Street Journal in the last two years for making a huge pile of money on deflation (by shorting subprime mortgage paper)."
NYSEcomp 4,832.13 -105.09
SP500 768.54 -15.50
NASDAQ 1,457.27 -26.21
On weekly charts the indices will show higher price with volume. Good longer term bullish sign. Next few days expect weakness.
GLD 93.59 -.76
SLV 13.61 +.19
PTM 13.69 -.65
ANO 0.53 -.02
EEE 1.26 +.05. Good volume.
TRE 5.01 -.04. High volume.
JAG 5.96 +.16. Miner. Potential long term buy.
BTE 12.67 +.19. 9% dividend. Look to buy a retracement.
AU 37.20 -1.47. "... one of the savviest investors of this era, John Paulson, has just invested $1.28 billion in AngloGold Ashanti, acquiring an 11.3% stake. Paulson is perhaps the only investor to be featured on the front page of the Wall Street Journal in the last two years for making a huge pile of money on deflation (by shorting subprime mortgage paper)."
Friday, March 20, 2009
20090320 1118
DOW 7,403.74 +2.94
NASDAQ 1,483.04 -0.44
SP500 781.14 -2.90
GLD 93.77 -0.58
SLV 13.389 -0.031
PTM 13.57 -0.77
XLF 8.22 -0.36 (-4.20%).
FAS 5.18 -0.55 (-9.60%). Sold long for 1.7 per share loss, large percentage loss. So volatile.
TNA 16.73 -0.47 (-2.73%).
TRE 4.83 -0.22 (-4.36%). After quick run-up, still waiting for entry in low 3s.
NASDAQ 1,483.04 -0.44
SP500 781.14 -2.90
GLD 93.77 -0.58
SLV 13.389 -0.031
PTM 13.57 -0.77
XLF 8.22 -0.36 (-4.20%).
FAS 5.18 -0.55 (-9.60%). Sold long for 1.7 per share loss, large percentage loss. So volatile.
TNA 16.73 -0.47 (-2.73%).
TRE 4.83 -0.22 (-4.36%). After quick run-up, still waiting for entry in low 3s.
Thursday, March 19, 2009
20090319 PM
DOW30 7,400.80 -85.78
NYSEcomp 4,937.22 -38.08
SP500 784.04 -10.31
NASDAQ 1,483.48 -7.74
GLD 94.35 +1.26
SLV 13.42 +.65
PTM 14.34 +1.32
ANO .55 +.18 (48.65%). Has big volume and is into the down day from October 2008. Add more to this long on a retracement.
APL 3.90 +.45 (13.04%).
VMW 24.82 -.43.
XLE 44.98 +1.06. Gapped higher this morning. Sold the XLECS March 45 covered call for .85.
FAS 5.73 -1.43 (-19.97%). Going to low 4, possibly quickly.
AA 6.40 +.92 (16.79%). Buy a retracement the look for high 8 area.
DIG 23.69 +.91.
HIG 8.01 -.85. May be able to short down to 5.6 area.
TRE 5.05 +.56 (12.47%). Closed at high of day with price spread and volume. Some resistance at this price area from July 2008.
XLF 8.66 -.75 (-7.93%). Pulling back to 7.5 area.
NYSEcomp 4,937.22 -38.08
SP500 784.04 -10.31
NASDAQ 1,483.48 -7.74
GLD 94.35 +1.26
SLV 13.42 +.65
PTM 14.34 +1.32
ANO .55 +.18 (48.65%). Has big volume and is into the down day from October 2008. Add more to this long on a retracement.
APL 3.90 +.45 (13.04%).
VMW 24.82 -.43.
XLE 44.98 +1.06. Gapped higher this morning. Sold the XLECS March 45 covered call for .85.
FAS 5.73 -1.43 (-19.97%). Going to low 4, possibly quickly.
AA 6.40 +.92 (16.79%). Buy a retracement the look for high 8 area.
DIG 23.69 +.91.
HIG 8.01 -.85. May be able to short down to 5.6 area.
TRE 5.05 +.56 (12.47%). Closed at high of day with price spread and volume. Some resistance at this price area from July 2008.
XLF 8.66 -.75 (-7.93%). Pulling back to 7.5 area.
20090318 PM
DOW 7,486.58 +90.88
NASDAQ 1,491.22 +29.11
SP500 794.35 +16.23
Indices took out swings and are going higher.
Federal Reserve said they are going to buy Treasuries.
Precious metals were going lower in the morning and were looking to fall off a cliff until the Fed announcement when they spiked higher. There is no reason to be short the precious metals in this environment.
Option expiration this weekend.
GLD 93.09 +3.05 (3.39%). High volume. Day range 86.83 - 93.39. Going to 97.
SLV 12.77 +.17 (1.35%). High volume. Day range 11.75 - 12.86.
PTM 13.02 +.22 (1.72%).
EEV 44.52 -2.21 (4.73%).
TNA 17.74 +1.69 (10.54%). Bought this morning at 15.8.
XLE 43.92 +.44 (1.01%). Bought this morning at 42.66.
FAS 7.16 +1.546 (+27.54%).
FXF 87.64 +3.21 (3.80%). CurrencyShares Swiss Franc Trust. Swiss devalued their currency last week, and today it got it all back.
TLT 104.37 +3.81 (3.79%). Huge move on huge volume.
EEV 44.52 -2.21 (-4.73%). Mechanical buy signal today was stopped out for a paper loss.
JAVA 8.89 +3.92 (78.87%). Massive volume on news of IBM potentially buying Sun.
XLF 9.41 +.86 (10.02%).
HIG 8.86 +1.73 (24.26%). Heavy volume.
MFC 11.94 +1.03 (9.44%). Heavy volume.
NASDAQ 1,491.22 +29.11
SP500 794.35 +16.23
Indices took out swings and are going higher.
Federal Reserve said they are going to buy Treasuries.
Precious metals were going lower in the morning and were looking to fall off a cliff until the Fed announcement when they spiked higher. There is no reason to be short the precious metals in this environment.
Option expiration this weekend.
GLD 93.09 +3.05 (3.39%). High volume. Day range 86.83 - 93.39. Going to 97.
SLV 12.77 +.17 (1.35%). High volume. Day range 11.75 - 12.86.
PTM 13.02 +.22 (1.72%).
EEV 44.52 -2.21 (4.73%).
TNA 17.74 +1.69 (10.54%). Bought this morning at 15.8.
XLE 43.92 +.44 (1.01%). Bought this morning at 42.66.
FAS 7.16 +1.546 (+27.54%).
FXF 87.64 +3.21 (3.80%). CurrencyShares Swiss Franc Trust. Swiss devalued their currency last week, and today it got it all back.
TLT 104.37 +3.81 (3.79%). Huge move on huge volume.
EEV 44.52 -2.21 (-4.73%). Mechanical buy signal today was stopped out for a paper loss.
JAVA 8.89 +3.92 (78.87%). Massive volume on news of IBM potentially buying Sun.
XLF 9.41 +.86 (10.02%).
HIG 8.86 +1.73 (24.26%). Heavy volume.
MFC 11.94 +1.03 (9.44%). Heavy volume.
Wednesday, March 18, 2009
20090318 1451
DOW 7,534.45 +138.75
NASDAQ 1,501.02 +38.91
SP500 799.27 +21.15
Indices went to highs, paused slightly lower, and are breaking sharply higher. People don't believe this rally will hold, and people don't want to miss a potential rally.
VMW 25.06 +1.49. Sold covered call March MKTCE 25s for .90 that expire this weekend.
TNA 17.83 +1.78
XLF 9.33 +0.779
FAS 7.05 +1.436. With some planning, followed the breakout with two long positions averaging 6.83.
XLE 44.20 +0.72
EEE 1.16 +0.06
NASDAQ 1,501.02 +38.91
SP500 799.27 +21.15
Indices went to highs, paused slightly lower, and are breaking sharply higher. People don't believe this rally will hold, and people don't want to miss a potential rally.
VMW 25.06 +1.49. Sold covered call March MKTCE 25s for .90 that expire this weekend.
TNA 17.83 +1.78
XLF 9.33 +0.779
FAS 7.05 +1.436. With some planning, followed the breakout with two long positions averaging 6.83.
XLE 44.20 +0.72
EEE 1.16 +0.06
20090318 1259
DOW 7,347.19 -48.51
NASDAQ 1,470.39 +8.28
SP500 777.84 -0.28
BGU 21.848 +0.216. Closed long position for 1.4 gain (average) per share. This trade was lucky because it didn't follow proper risk guidelines. Good to be out of this position that was put on for the wrong reasons.
TNA 16.64 +0.59.
XLE 42.82 -0.66.
NASDAQ 1,470.39 +8.28
SP500 777.84 -0.28
BGU 21.848 +0.216. Closed long position for 1.4 gain (average) per share. This trade was lucky because it didn't follow proper risk guidelines. Good to be out of this position that was put on for the wrong reasons.
TNA 16.64 +0.59.
XLE 42.82 -0.66.
20090318 1119
DOW 7,301.63 -94.07
NASDAQ 1,456.50 -5.61
SP500 770.92 -7.20
Weakness in precious metals, industrial metals, and oil.
EEV 48.29 +1.56. Mechanical intraday buy. Paper trade long at 48.35.
AA 5.2599 -0.3301. Potential longer term short.
JAVA 7.841 +2.871 (+57.77%). Consolidation news with IBM highlights a danger of being short and taking a large overnight percentage loss. The large, strong hands are looking for opportunity. This is good for the industry.
NFLX 41.533 +0.743. Relative strength with all time high price. Candidate for long term buy-and-hold.
BGU 21.21 -0.422.
TNA 15.91 -0.14. Went long at 15.8 this morning.
Oil reserves slightly higher than anticipated.
USO 28.48 -0.96. Crude inventory numbers released today showed a buildup of reserves.
XOM 67.11 -1.98. If long, make sure this holds 67.
XLE 42.19 -1.29.
NASDAQ 1,456.50 -5.61
SP500 770.92 -7.20
Weakness in precious metals, industrial metals, and oil.
EEV 48.29 +1.56. Mechanical intraday buy. Paper trade long at 48.35.
AA 5.2599 -0.3301. Potential longer term short.
JAVA 7.841 +2.871 (+57.77%). Consolidation news with IBM highlights a danger of being short and taking a large overnight percentage loss. The large, strong hands are looking for opportunity. This is good for the industry.
NFLX 41.533 +0.743. Relative strength with all time high price. Candidate for long term buy-and-hold.
BGU 21.21 -0.422.
TNA 15.91 -0.14. Went long at 15.8 this morning.
Oil reserves slightly higher than anticipated.
USO 28.48 -0.96. Crude inventory numbers released today showed a buildup of reserves.
XOM 67.11 -1.98. If long, make sure this holds 67.
XLE 42.19 -1.29.
20090318 0945
DOW 7,336.44 -59.26
NASDAQ 1,462.11 +0.00
SP500 773.60 -4.52
Market opened down. This morning looks like a window to buy at slightly better prices.
News that IBM may purchase Sun Microsystems may be the start of the consolidation (M&A) activity that is useful in bringing higher prices. Am waiting for this to happen with the junior miners being bought by the large producing miners.
XOM 67.685 -1.405. Large weighting of XLE.
XLE 42.68 -0.80. Bought this morning at 42.66.
TNA 16.05 +0.00. Bought at 15.8.
BGU 21.33 -0.302.
NASDAQ 1,462.11 +0.00
SP500 773.60 -4.52
Market opened down. This morning looks like a window to buy at slightly better prices.
News that IBM may purchase Sun Microsystems may be the start of the consolidation (M&A) activity that is useful in bringing higher prices. Am waiting for this to happen with the junior miners being bought by the large producing miners.
XOM 67.685 -1.405. Large weighting of XLE.
XLE 42.68 -0.80. Bought this morning at 42.66.
TNA 16.05 +0.00. Bought at 15.8.
BGU 21.33 -0.302.
Tuesday, March 17, 2009
20090317 PM
DJIA 7,395.70 +178.73. A close around 7450 and it will go higher.
NASDAQ 1,462.11 +58.09. Strong index.
SP500 778.12 +24.23. Going for 784 with resistance at 800 then to 875.
This is a time to be long the market. Keep an eye on volumes as they are trending lower and this is some cause for concern for higher prices.
GLD 90.04 -0.76
SLV 12.60 -0.19
PTM 12.80 -0.1479
EEE 1.10 +0.03. Day range 1.04 - 1.17.
BGU 21.632 +1.802 (+9.09%). Pulled a sell order at 21.3 in the afternoon after seeing the strength in the market. This was a bad trade yesterday put on for poor reasons. Could have taken at least another point on this trade, with less risk, with better trading discipline.
IWM 40.45 +1.79. Russell index. Going to 44.58 from February 13, as it gapped down the next day.
DXRLX 11.40 +1.15 (+11.22%). Fund that does 2.5 times the Russell 2000.
UVU 9.976 +0.626 (+6.70%). Ultra on a Russell index.
TNA 16.05 +1.99 (+14.15%). Three times small cap.
UAUA 5.78 +.342. Showing strength while oil prices are rising. Potential long candidate.
XOM 69.09 +2.12. Watch how it gets into 70. If it is down at the open in the morning, look to buy for a day trade.
NASDAQ 1,462.11 +58.09. Strong index.
SP500 778.12 +24.23. Going for 784 with resistance at 800 then to 875.
This is a time to be long the market. Keep an eye on volumes as they are trending lower and this is some cause for concern for higher prices.
GLD 90.04 -0.76
SLV 12.60 -0.19
PTM 12.80 -0.1479
EEE 1.10 +0.03. Day range 1.04 - 1.17.
BGU 21.632 +1.802 (+9.09%). Pulled a sell order at 21.3 in the afternoon after seeing the strength in the market. This was a bad trade yesterday put on for poor reasons. Could have taken at least another point on this trade, with less risk, with better trading discipline.
IWM 40.45 +1.79. Russell index. Going to 44.58 from February 13, as it gapped down the next day.
DXRLX 11.40 +1.15 (+11.22%). Fund that does 2.5 times the Russell 2000.
UVU 9.976 +0.626 (+6.70%). Ultra on a Russell index.
TNA 16.05 +1.99 (+14.15%). Three times small cap.
UAUA 5.78 +.342. Showing strength while oil prices are rising. Potential long candidate.
XOM 69.09 +2.12. Watch how it gets into 70. If it is down at the open in the morning, look to buy for a day trade.
Monday, March 16, 2009
20090316 PM
DOW 7,216.97 -7.01
NASDAQ 1,404.02 -27.48
SP500 753.89 -2.66
GLD 90.80 -0.50
SLV 12.79 -0.26
PTM 12.9479 -0.0221
Indices had small pull back after going higher intraday and look to pull back further the next few days.
BGU 19.83 -0.25. Bad habits were out today: bought late in a move, then a buy order at 20 was filled late in the day. Now have two small long positions for two bad reasons. Good lesson about over-trading.
EEV 48.683 -0.047. Intraday weak mechanical would have been profitable for one point, though it would most likely have been stopped out during the day for a loss.
TNA 14.06 -1.01
EEE 1.07 +0.12 (+12.63%). Decent volume. Stay long.
NASDAQ 1,404.02 -27.48
SP500 753.89 -2.66
GLD 90.80 -0.50
SLV 12.79 -0.26
PTM 12.9479 -0.0221
Indices had small pull back after going higher intraday and look to pull back further the next few days.
BGU 19.83 -0.25. Bad habits were out today: bought late in a move, then a buy order at 20 was filled late in the day. Now have two small long positions for two bad reasons. Good lesson about over-trading.
EEV 48.683 -0.047. Intraday weak mechanical would have been profitable for one point, though it would most likely have been stopped out during the day for a loss.
TNA 14.06 -1.01
EEE 1.07 +0.12 (+12.63%). Decent volume. Stay long.
20090316 1300
DOW 7,376.26 +152.28
NASDAQ 1,441.26 +9.76
SP500 773.96 +17.41
Metals slightly lower.
BGU 21.39 +1.31. Started small long position at 21.44 chasing the move higher. Typically chasing is not a good strategy.
NASDAQ 1,441.26 +9.76
SP500 773.96 +17.41
Metals slightly lower.
BGU 21.39 +1.31. Started small long position at 21.44 chasing the move higher. Typically chasing is not a good strategy.
Sunday, March 15, 2009
20090313 PM
DOW 7223.98 +53.92
NASDAQ 1431.50 +5.40
SP500 756.55 +5.81
GLD 91.30 +0.20
SLV 13.05 +0.26
PTM 12.97 +0.09
Large index percentage gains this week. Volatility continues to make large price swings.
Metals held up. This is a good sign for those bullish on metals.
APL 4.03 +0.01.
EEE .95 -0.0166
EEV 48.73 -0.22
TNA 15.07 +0.574
VMW 22.67 +0.00
XLF 8.19 +0.05
NASDAQ 1431.50 +5.40
SP500 756.55 +5.81
GLD 91.30 +0.20
SLV 13.05 +0.26
PTM 12.97 +0.09
Large index percentage gains this week. Volatility continues to make large price swings.
Metals held up. This is a good sign for those bullish on metals.
APL 4.03 +0.01.
EEE .95 -0.0166
EEV 48.73 -0.22
TNA 15.07 +0.574
VMW 22.67 +0.00
XLF 8.19 +0.05
Friday, March 13, 2009
20090313 1229
DOW 7,122.43 -47.63
NASDAQ 1,412.59 -13.51
SP500 744.67 -6.07
XLF 7.905 -0.235. Shaken out to close intraday short at 7.93 for .09 gain.
TNA 14.45 -0.046
NASDAQ 1,412.59 -13.51
SP500 744.67 -6.07
XLF 7.905 -0.235. Shaken out to close intraday short at 7.93 for .09 gain.
TNA 14.45 -0.046
20090313 1208
DOW 7,135.01 -35.05
NASDAQ 1,412.51 -13.59
SP500 745.86 -4.88
With the recent large percentage gains, particularly in financials, those with the quick gains may want to take profits before the weekend.
XLF 7.94 -0.20. Shorted at 8.02 for day trade. Watch how it does around 7.5. Did not want to use high leverage of FAS or FAZ.
FAS 4.75 -0.30
FAZ 43.76 +2.16
NASDAQ 1,412.51 -13.59
SP500 745.86 -4.88
With the recent large percentage gains, particularly in financials, those with the quick gains may want to take profits before the weekend.
XLF 7.94 -0.20. Shorted at 8.02 for day trade. Watch how it does around 7.5. Did not want to use high leverage of FAS or FAZ.
FAS 4.75 -0.30
FAZ 43.76 +2.16
20090313 1050
DOW 7,219.04 +48.98
NASDAQ 1,428.34 +2.24
SP500 755.16 +4.42
GLD 91.39 +0.29
SLV 12.969 +0.179
PTM 12.773 -0.107
The leveraged TNA trade was closed out this morning. Be in cash or gold/silver/platinum over the weekend? Will stay in cash.
TNA 14.909 +0.413
EEV 48.58 -0.37. No signal.
EEE 0.96 -0.0066
NASDAQ 1,428.34 +2.24
SP500 755.16 +4.42
GLD 91.39 +0.29
SLV 12.969 +0.179
PTM 12.773 -0.107
The leveraged TNA trade was closed out this morning. Be in cash or gold/silver/platinum over the weekend? Will stay in cash.
TNA 14.909 +0.413
EEV 48.58 -0.37. No signal.
EEE 0.96 -0.0066
20090313 0944
DOW 7,172.13 +2.07
NASDAQ 1,419.02 -7.08
SP500 751.77 +1.03
Looking for lighter volume today with just a few index points gained/lost.
TNA 14.50 +.004. Sold at 14.8 for 2.4 gain.
NASDAQ 1,419.02 -7.08
SP500 751.77 +1.03
Looking for lighter volume today with just a few index points gained/lost.
TNA 14.50 +.004. Sold at 14.8 for 2.4 gain.
Thursday, March 12, 2009
20090312 PM
DOW 7,170.06 +239.66 (+3.46%). May go to 10,000 in a year.
NASDAQ 1,426.10 +54.46 (+3.97%)
SP500 750.74 +29.38 (+4.07%). May go to 1000 in a year.
GLD 91.10 +1.88
SLV 12.79 +.20
PTM 12.88 +.1101
Indices opened down and rallied. Will start selling in the morning, particularly the leveraged TNA.
Swiss are devaluing while also buying their bonds to keep interest rates down. These actions helped gold rise while the dollar also rose. No currency is safe.
TNA 14.496 +2.226 (+18.14%)
EEE .9666 +.0866 (+9.84%)
APL 4.02 +.58 (+16.86%)
VMW 22.67 +.02
EEV 48.95 -4.35 (-8.16%). Mechanical sell signal was correct for over 3 points (potentially, didn't trade this today).
Strong miners:
PAAS 14.27 +.79
TRE 4.09 +.28
AA 5.98 +.22. Look to buy the next pullback.
MT 20.27 -.01. Day range 18.55 - 20.53. Opened with gap down and intraday reversal to close near high.
NASDAQ 1,426.10 +54.46 (+3.97%)
SP500 750.74 +29.38 (+4.07%). May go to 1000 in a year.
GLD 91.10 +1.88
SLV 12.79 +.20
PTM 12.88 +.1101
Indices opened down and rallied. Will start selling in the morning, particularly the leveraged TNA.
Swiss are devaluing while also buying their bonds to keep interest rates down. These actions helped gold rise while the dollar also rose. No currency is safe.
TNA 14.496 +2.226 (+18.14%)
EEE .9666 +.0866 (+9.84%)
APL 4.02 +.58 (+16.86%)
VMW 22.67 +.02
EEV 48.95 -4.35 (-8.16%). Mechanical sell signal was correct for over 3 points (potentially, didn't trade this today).
Strong miners:
PAAS 14.27 +.79
TRE 4.09 +.28
AA 5.98 +.22. Look to buy the next pullback.
MT 20.27 -.01. Day range 18.55 - 20.53. Opened with gap down and intraday reversal to close near high.
20090312 1032
DOW 6,992.12 +61.72
NASDAQ 1,376.99 +5.35
SP500 728.34 +6.98
After initial weakness, indices are moving into positive territory. Metals are holding up.
EEV 52.78 -0.52. Mechanical intraday sell signal.
TNA 12.73 +0.46. Staying long.
PAAS 13.97 +0.49. Miner showing strength.
TRE 4.10 +0.29. Miner showing strength.
EEE .89 +0.01
MT 18.92 -1.36. May want to do research for considering a long.
VMW 22.48 -0.17. Look for higher price today, or, this hour could be an swing trade buying opportunity.
NASDAQ 1,376.99 +5.35
SP500 728.34 +6.98
After initial weakness, indices are moving into positive territory. Metals are holding up.
EEV 52.78 -0.52. Mechanical intraday sell signal.
TNA 12.73 +0.46. Staying long.
PAAS 13.97 +0.49. Miner showing strength.
TRE 4.10 +0.29. Miner showing strength.
EEE .89 +0.01
MT 18.92 -1.36. May want to do research for considering a long.
VMW 22.48 -0.17. Look for higher price today, or, this hour could be an swing trade buying opportunity.
Wednesday, March 11, 2009
20090311 PM
Dow 6,930.40 +3.91
Nasdaq 1,371.64 +13.36
S&P 500 721.36 +1.76
10-Yr Bond 2.916% -.066
GLD 89.22 +1.08
SLV 12.59 +.14
PTM 12.7699 +.0699
EEV 53.30 -.28
PAAS 13.48 +.54
TNA 12.27 -.04
MT 20.28 +.24. Has five months of consolidation. May now move higher.
VMW 22.65 +.37
Nasdaq 1,371.64 +13.36
S&P 500 721.36 +1.76
10-Yr Bond 2.916% -.066
GLD 89.22 +1.08
SLV 12.59 +.14
PTM 12.7699 +.0699
EEV 53.30 -.28
PAAS 13.48 +.54
TNA 12.27 -.04
MT 20.28 +.24. Has five months of consolidation. May now move higher.
VMW 22.65 +.37
20090311 1355
DOW 6,917.02 -9.47
NASDAQ 1,367.05 +8.77
SP500 719.68 +.08
Markets consolidating gains of yesterday.
TNA 12.34 +.03. Day range 12.27 - 13.45. Bought at 12.4 to hold overnight.
NASDAQ 1,367.05 +8.77
SP500 719.68 +.08
Markets consolidating gains of yesterday.
TNA 12.34 +.03. Day range 12.27 - 13.45. Bought at 12.4 to hold overnight.
20090311 1317
DOW 6,926.25 -.24
NASDAQ 1,366.96 +8.68
SP500 720.74 +1.14
EEV 54.06 +.48. Trailing stop sold today's long at 54.24 for .64 gain.
NASDAQ 1,366.96 +8.68
SP500 720.74 +1.14
EEV 54.06 +.48. Trailing stop sold today's long at 54.24 for .64 gain.
20090311 1300
DOW 6,899.09 -27.40
NASDAQ 1,361.57 +3.29
SP500 717.52 -2.08
FAS 3.8499 +.1199. Sold yesterday's long at 3.85 for .43 gain.
EEV 54.2201 +.6401.
NASDAQ 1,361.57 +3.29
SP500 717.52 -2.08
FAS 3.8499 +.1199. Sold yesterday's long at 3.85 for .43 gain.
EEV 54.2201 +.6401.
20090311 1228
DOW 6,928.48 +1.99
NASDAQ 1,365.43 +7.15
SP500 721.18 +1.58
EEV 53.69 +.11. Long at 53.6.
NASDAQ 1,365.43 +7.15
SP500 721.18 +1.58
EEV 53.69 +.11. Long at 53.6.
20090311 1220
DOW 6,944.02 +17.53
NASDAQ 1,369.71 +11.43
SP500 723.10 +3.50
EEV 53.21 -.37. Intraday buy signal.
PAAS 13.79 +0.85. Stopped out for .71 loss this morning.
TNA 12.71 +0.40
FAS 4.05 +0.32
NASDAQ 1,369.71 +11.43
SP500 723.10 +3.50
EEV 53.21 -.37. Intraday buy signal.
PAAS 13.79 +0.85. Stopped out for .71 loss this morning.
TNA 12.71 +0.40
FAS 4.05 +0.32
20090310 PM
Dow 6,926.49 +379.44 (5.80%)
Nasdaq 1,358.28 +89.64 (7.07%)
S&P 500 719.60 +43.07 (6.37%)
10-Yr Bond 2.982% +.096
GLD 88.14 -2.43. Some support at this level, though more likely to go lower in a week.
SLV 12.45 -.32.
PTM 12.70 -.22.
EEV 53.58 -9.89 (15.58%). Paper trade short today at 56 for what would have been 2 point gain.
PAAS 12.94 -.60 (4.43%). Day range 12.62 - 13.55. Today shorted at 12.89. Price had a decent and unexpected recovery later in the day.
TNA 12.31 +1.97 (19.02%). Long closed at 11.86 this morning.
XLF 7.19 +.93 (14.86%). May run for a few days, and there is a lot of room to run.
FAS 3.73 +1.03 (38.15%). Went long. No reason to sell right now.
VMW 22.28 +2.33 (11.68%). Heavy volume came at end of day and price spurted higher - no sellers and there were buyers.
Nasdaq 1,358.28 +89.64 (7.07%)
S&P 500 719.60 +43.07 (6.37%)
10-Yr Bond 2.982% +.096
GLD 88.14 -2.43. Some support at this level, though more likely to go lower in a week.
SLV 12.45 -.32.
PTM 12.70 -.22.
EEV 53.58 -9.89 (15.58%). Paper trade short today at 56 for what would have been 2 point gain.
PAAS 12.94 -.60 (4.43%). Day range 12.62 - 13.55. Today shorted at 12.89. Price had a decent and unexpected recovery later in the day.
TNA 12.31 +1.97 (19.02%). Long closed at 11.86 this morning.
XLF 7.19 +.93 (14.86%). May run for a few days, and there is a lot of room to run.
FAS 3.73 +1.03 (38.15%). Went long. No reason to sell right now.
VMW 22.28 +2.33 (11.68%). Heavy volume came at end of day and price spurted higher - no sellers and there were buyers.
Tuesday, March 10, 2009
20090310 1155
DOW 6,811.00 +263.95 (+4.03%)
NASDAQ 1,333.32 +64.68 (+5.10%)
SP500 708.35 +31.82 (+4.70%)
GLD 88.11 -2.46
SLV 12.41 -0.36
PTM 12.702 -0.218
PAAS 12.91 -0.63. Metal and silver weakness. Shorted miner at 12.89. Potential swing trade.
NASDAQ 1,333.32 +64.68 (+5.10%)
SP500 708.35 +31.82 (+4.70%)
GLD 88.11 -2.46
SLV 12.41 -0.36
PTM 12.702 -0.218
PAAS 12.91 -0.63. Metal and silver weakness. Shorted miner at 12.89. Potential swing trade.
20090310 1147
Dow 6,805.27 258.22 (3.94%)
Nasdaq 1,330.68 62.04 (4.89%)
S&P 500 707.58 31.05 (4.59%)
30-yr Bond 3.683% 0.09
EEV 55.16 -8.31. Gave intraday sell signal this morning. Paper trade short at 56.
TNA 11.83 +1.487. Trailing stop took out position at 11.86 for .79 gain.
FAS 3.41 +0.71. Upon close of TNA, went long triple financials at 3.42 for intraday trend following.
Nasdaq 1,330.68 62.04 (4.89%)
S&P 500 707.58 31.05 (4.59%)
30-yr Bond 3.683% 0.09
EEV 55.16 -8.31. Gave intraday sell signal this morning. Paper trade short at 56.
TNA 11.83 +1.487. Trailing stop took out position at 11.86 for .79 gain.
FAS 3.41 +0.71. Upon close of TNA, went long triple financials at 3.42 for intraday trend following.
20090309 PM
DOW 6547.05 -79.89
NASDAQ 1268.64 -25.21
SP500 676.53 -6.85
In opening hours was looking for stabilization and move up, and it didn't happen.
EEV 63.47 +2.07. Intraday signal failed.
PAAS 13.54 Down 0.78 (5.45%). Light volume. Possible quick short.
TNA 10.34 -. Bought at 11.07 this morning.
Let's just pray that somewhere in the ongoing fiscal and monetary chaos there is a miracle coming to the rescue.
NASDAQ 1268.64 -25.21
SP500 676.53 -6.85
In opening hours was looking for stabilization and move up, and it didn't happen.
EEV 63.47 +2.07. Intraday signal failed.
PAAS 13.54 Down 0.78 (5.45%). Light volume. Possible quick short.
TNA 10.34 -. Bought at 11.07 this morning.
Let's just pray that somewhere in the ongoing fiscal and monetary chaos there is a miracle coming to the rescue.
Monday, March 09, 2009
20090309 1048
Dow 6,654.02 +27.08
Nasdaq 1,298.86 +5.01
S&P 500 689.98 +6.60
30-yr Bond 3.61% +.1080
EEV 61.16 -.24. Has shown intra-day short signal. Paper trade a short at 61.39.
Nasdaq 1,298.86 +5.01
S&P 500 689.98 +6.60
30-yr Bond 3.61% +.1080
EEV 61.16 -.24. Has shown intra-day short signal. Paper trade a short at 61.39.
Sunday, March 08, 2009
20090306 PM
Dow 6,626.94 +32.50
Nasdaq 1,293.85 -5.74
S&P 500 683.38 +.83
30-yr Bond 3.503% -.002
Percentage-wise worst week of 2009. Decent market action today with rejection of lower price, though without buyers the DOW can quickly test 6000. In the short term, there may be a nice bounce.
GLD 92.29 +.303
SLV 13.18 +.03
PTM 13.06 +.12
DDM 18.12 +.25. Ultra Dow30 ProShares. Day range 17.21 - 18.75. New 52 week low. Rejected lower price.
UUP 26.60 -.13. PowerShares DB US Dollar Index Bullish. Dollar has strength.
DGP 20.73 +.16.
DIG 18.18 +.43.
WFC 8.61 +.49 (6.03%). Big volume. Looking to quickly bounce higher.
EEV 61.40 1.59. Intraday buy signal. Didn't find a good place to buy, though did make .73 during the day. Trailing stop was important to close it out, as a SELL AT CLOSE would have been a slight loss due to steep sell-off over final thirty minutes. In other words, once in-the-money, the trailing stop is needed to protect profits. Due to the late-day sell-off, this was a failed buy signal. With even a large trailing stop, this failed signal made money.
Shipping:
DRYS 3.67 0.13 (3.67%). Will 23% dividend be paid?
EGLE 4.54 +.66 (17.01%). Will 53% dividend be paid?
TNA 11.092 +.132. Day range 10.27 - 11.75. 52 week range 10.27 - 39.63. New 52 week low and rejected the lower price and closed above yesterday's close. Consider swing long for Monday.
Nasdaq 1,293.85 -5.74
S&P 500 683.38 +.83
30-yr Bond 3.503% -.002
Percentage-wise worst week of 2009. Decent market action today with rejection of lower price, though without buyers the DOW can quickly test 6000. In the short term, there may be a nice bounce.
GLD 92.29 +.303
SLV 13.18 +.03
PTM 13.06 +.12
DDM 18.12 +.25. Ultra Dow30 ProShares. Day range 17.21 - 18.75. New 52 week low. Rejected lower price.
UUP 26.60 -.13. PowerShares DB US Dollar Index Bullish. Dollar has strength.
DGP 20.73 +.16.
DIG 18.18 +.43.
WFC 8.61 +.49 (6.03%). Big volume. Looking to quickly bounce higher.
EEV 61.40 1.59. Intraday buy signal. Didn't find a good place to buy, though did make .73 during the day. Trailing stop was important to close it out, as a SELL AT CLOSE would have been a slight loss due to steep sell-off over final thirty minutes. In other words, once in-the-money, the trailing stop is needed to protect profits. Due to the late-day sell-off, this was a failed buy signal. With even a large trailing stop, this failed signal made money.
Shipping:
DRYS 3.67 0.13 (3.67%). Will 23% dividend be paid?
EGLE 4.54 +.66 (17.01%). Will 53% dividend be paid?
TNA 11.092 +.132. Day range 10.27 - 11.75. 52 week range 10.27 - 39.63. New 52 week low and rejected the lower price and closed above yesterday's close. Consider swing long for Monday.
Friday, March 06, 2009
20090305 PM
Dow 6,594.44 -281.40 (4.09%)
Nasdaq 1,299.59 -54.15 (4.00%)
S&P 500 682.55 -30.32 (4.25%)
10-Yr Bond 2.819% -.192
GLD 91.987 +2.997
SLV 13.15 +.37
PTM 12.94 +.28
Broad market down without huge volume. Whenever a short covering rally starts, it will be sharp and violent.
There is no trust in the banks. The financial prices are racing toward zero, which will quickly pressure government to "do something".
XLF 6.24 -.65 (9.43%). 52 week low.
FAS 2.75 -.97 (26.08%). 52 week low.
C 1.02 -.11 (9.73%). 52 week low.
HIG 4.13 -1.01 (19.65%). 52 week low.
PNC 20.00 -3.26 (14.02%). 52 week low.
MFC 7.69 -.84 (9.85%). 52 week low.
USB 9.01 -2.00 (18.17%). 52 week low. Huge volume.
ERJ 9.75 -.65 (6.25%). 52 week low. Has volume and can keep going lower.
RGR 10.05 +.60 (6.35%). Gun maker. 52 week high with good volume.
Mechanical trade:
EEV 62.99 +4.36. Day range 60.93 - 64.05. Bought at 63.1. Loss of .11.
The violator pays a small fine for systematically ripping off their customers. When will the customers get their due?
14 Trading Firms Settle Charges for $69 Million
By DIANA B. HENRIQUES
More than a dozen Wall Street trading firms systematically cheated their customers of millions of dollars by improperly slicing bits of profit from countless trades, federal regulators said on Wednesday.
The Securities and Exchange Commission disclosed the allegations after negotiating settlements. The firms did not admit or deny the charges but agreed to pay a total of more than $69 million in forfeited profits and penalties.
... include units or subsidiaries of well-known Wall Street names, including E*Trade Capital Markets, Goldman Sachs Execution and Clearing, Knight Financial Products and TD Options.
Nasdaq 1,299.59 -54.15 (4.00%)
S&P 500 682.55 -30.32 (4.25%)
10-Yr Bond 2.819% -.192
GLD 91.987 +2.997
SLV 13.15 +.37
PTM 12.94 +.28
Broad market down without huge volume. Whenever a short covering rally starts, it will be sharp and violent.
There is no trust in the banks. The financial prices are racing toward zero, which will quickly pressure government to "do something".
XLF 6.24 -.65 (9.43%). 52 week low.
FAS 2.75 -.97 (26.08%). 52 week low.
C 1.02 -.11 (9.73%). 52 week low.
HIG 4.13 -1.01 (19.65%). 52 week low.
PNC 20.00 -3.26 (14.02%). 52 week low.
MFC 7.69 -.84 (9.85%). 52 week low.
USB 9.01 -2.00 (18.17%). 52 week low. Huge volume.
ERJ 9.75 -.65 (6.25%). 52 week low. Has volume and can keep going lower.
RGR 10.05 +.60 (6.35%). Gun maker. 52 week high with good volume.
Mechanical trade:
EEV 62.99 +4.36. Day range 60.93 - 64.05. Bought at 63.1. Loss of .11.
The violator pays a small fine for systematically ripping off their customers. When will the customers get their due?
14 Trading Firms Settle Charges for $69 Million
By DIANA B. HENRIQUES
More than a dozen Wall Street trading firms systematically cheated their customers of millions of dollars by improperly slicing bits of profit from countless trades, federal regulators said on Wednesday.
The Securities and Exchange Commission disclosed the allegations after negotiating settlements. The firms did not admit or deny the charges but agreed to pay a total of more than $69 million in forfeited profits and penalties.
... include units or subsidiaries of well-known Wall Street names, including E*Trade Capital Markets, Goldman Sachs Execution and Clearing, Knight Financial Products and TD Options.
Thursday, March 05, 2009
20090305 1435
Dow 6,628.29 Down 247.55 (3.60%)
Nasdaq 1,307.83 Down 45.91 (3.39%)
S&P 500 684.54 Down 28.33 (3.97%)
30-yr Bond 3.51% Down 0.19
Have been paper-trading a long intra-day idea, with some success. Today I started trading it with a real account. Will be using small positions. I have an entry strategy, the stop is a percentage below the entry, and the closing strategy is not yet done. A trailing stop and close at the end of day has been paper-traded.
EEV 63.14 +4.51. Bought at 63.1.
Insurance and annuity providers are dying.
XLF 6.22-.67. New 52 week low.
FAS 2.78 -.94 (25.27%). New 52 week low.
HIG 3.90 -1.24 (24.12%). New 52 week low.
MFC 7.69 -.84 (9.85%). New 52 week low.
WABC 35.46 -2.33. New 52 week low.
Large companies, like GE, that need short term financing are dying.
AA 5.20 -1.04 (16.67%). New 52 week low.
SRS 98.40 Up 10.98 (12.55%). 52 week range 48.00 - 295.72.
Nasdaq 1,307.83 Down 45.91 (3.39%)
S&P 500 684.54 Down 28.33 (3.97%)
30-yr Bond 3.51% Down 0.19
Have been paper-trading a long intra-day idea, with some success. Today I started trading it with a real account. Will be using small positions. I have an entry strategy, the stop is a percentage below the entry, and the closing strategy is not yet done. A trailing stop and close at the end of day has been paper-traded.
EEV 63.14 +4.51. Bought at 63.1.
Insurance and annuity providers are dying.
XLF 6.22-.67. New 52 week low.
FAS 2.78 -.94 (25.27%). New 52 week low.
HIG 3.90 -1.24 (24.12%). New 52 week low.
MFC 7.69 -.84 (9.85%). New 52 week low.
WABC 35.46 -2.33. New 52 week low.
Large companies, like GE, that need short term financing are dying.
AA 5.20 -1.04 (16.67%). New 52 week low.
SRS 98.40 Up 10.98 (12.55%). 52 week range 48.00 - 295.72.
Wednesday, March 04, 2009
20090304 PM
Dow 6,875.84 +149.82
Nasdaq 1,353.74 +32.73
S&P 500 712.87 +16.54
30-yr Bond 3.70% +.0220
Next few days could start a 25% rally over next couple months.
GLD 88.99 -1.05. Consider adding to long position at 880.
SLV 12.73 +.08. Look to load up at 11.50.
PTM 12.71 +.13
FCX Going higher quickly.
TRE 4.05 +0. Day range 3.88 - 4.30.
FAS 3.72 -.10.
HIG 5.14 +.51. Made 52 week low intraday and rejected that lower price.
MFC 8.53 +.63.
WFC 9.66 -1.01. Going to 15 from a few days ago.
GE 6.69 -.32. Record volume.
CNSL 8.84 +.81.
DRYS 3.90 +1.11. Buy here for short term trade to 6.
Nasdaq 1,353.74 +32.73
S&P 500 712.87 +16.54
30-yr Bond 3.70% +.0220
Next few days could start a 25% rally over next couple months.
GLD 88.99 -1.05. Consider adding to long position at 880.
SLV 12.73 +.08. Look to load up at 11.50.
PTM 12.71 +.13
FCX Going higher quickly.
TRE 4.05 +0. Day range 3.88 - 4.30.
FAS 3.72 -.10.
HIG 5.14 +.51. Made 52 week low intraday and rejected that lower price.
MFC 8.53 +.63.
WFC 9.66 -1.01. Going to 15 from a few days ago.
GE 6.69 -.32. Record volume.
CNSL 8.84 +.81.
DRYS 3.90 +1.11. Buy here for short term trade to 6.
20090303 PM
Dow 6,726.02 -37.27
Nasdaq 1,321.01 -1.84
S&P 500 696.33 -4.49
30-yr Bond 3.68% +.0270
GLD 90.04 -.89
SLV 12.65 -.12
PTM 12.58 -.27
TRE 4.05 +.16. Doesn't want to get down to 3 where I am looking to load up.
FAS 3.82 -.15
MFC 7.90 -1.01. High downside volume continues. 52 week low.
HIG 4.63 -.48
CNSL 8.03 -.76 (8.59%). Near low of 52 week range 7.27 - 16.36.
DRYS 2.79 -.20. 52 week low.
SRS 90.63 -1.37. Day range 86.09 - 99.49.
GE 7.01 -.59 (7.76%). 52 week low with huge volume.
Nasdaq 1,321.01 -1.84
S&P 500 696.33 -4.49
30-yr Bond 3.68% +.0270
GLD 90.04 -.89
SLV 12.65 -.12
PTM 12.58 -.27
TRE 4.05 +.16. Doesn't want to get down to 3 where I am looking to load up.
FAS 3.82 -.15
MFC 7.90 -1.01. High downside volume continues. 52 week low.
HIG 4.63 -.48
CNSL 8.03 -.76 (8.59%). Near low of 52 week range 7.27 - 16.36.
DRYS 2.79 -.20. 52 week low.
SRS 90.63 -1.37. Day range 86.09 - 99.49.
GE 7.01 -.59 (7.76%). 52 week low with huge volume.
20090302 PM
DOW 6763.29 -299.64 (-4.24%). Close below 7000 makes headlines. Back to 1997 levels.
NASDAQ 1322.85 -54.99 (-3.99%)
SP500 700.82 -34.27 (-4.66%)
AIG takes another bailout and stocks plunge without massive volume. Gold and silver slightly lower while miners sell off with some volume.
GLD 90.93 -1.70. Some talk that recent failure at 1000 has put in a head-and-shoulders top. Man-on-the-street logic thinks that huge deficits and quantitative easing will support hard currencies including precious metals.
SLV 12.77 -.11
PTM 12.85 -.23
TRE 3.89 -.29. Look to buy around 3.
GGN 12.32 -.29. 13% dividend.
AA 5.49 -.74 (11.88%). 52 week low with volume.
FAS 3.97 -.93 (18.98%)
FXF 84.85 -.52. CurrencyShares Swiss Franc Trust. 52 week range 81.26 - 102.03.
SRS 92.00 +11.66 (14.51%). 52 week range 48.00 - 295.72.
Natural gas pipeline/high-dividend:
APL 4.41 -1.29 (22.63%). Earnings. In hindisght, this should have been sold earlier this month when it failed to push into 8s. 52 week low. 52 week range 4.36 - 45.10. 27% dividend is now a 35% dividend IF it gets paid.
LINE 14.03 -.98 (6.53%). 18% dividend.
NASDAQ 1322.85 -54.99 (-3.99%)
SP500 700.82 -34.27 (-4.66%)
AIG takes another bailout and stocks plunge without massive volume. Gold and silver slightly lower while miners sell off with some volume.
GLD 90.93 -1.70. Some talk that recent failure at 1000 has put in a head-and-shoulders top. Man-on-the-street logic thinks that huge deficits and quantitative easing will support hard currencies including precious metals.
SLV 12.77 -.11
PTM 12.85 -.23
TRE 3.89 -.29. Look to buy around 3.
GGN 12.32 -.29. 13% dividend.
AA 5.49 -.74 (11.88%). 52 week low with volume.
FAS 3.97 -.93 (18.98%)
FXF 84.85 -.52. CurrencyShares Swiss Franc Trust. 52 week range 81.26 - 102.03.
SRS 92.00 +11.66 (14.51%). 52 week range 48.00 - 295.72.
Natural gas pipeline/high-dividend:
APL 4.41 -1.29 (22.63%). Earnings. In hindisght, this should have been sold earlier this month when it failed to push into 8s. 52 week low. 52 week range 4.36 - 45.10. 27% dividend is now a 35% dividend IF it gets paid.
LINE 14.03 -.98 (6.53%). 18% dividend.
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