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.

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