DOW30 8,168.12 -17.61
NASDAQ 1,717.30 5.36
SP500 872.81 -0.83
NYSEcomp 5,513.36 -2.78
Indices went higher then sold off to close slightly lower. Chrysler bankruptcy announced.
Sold many positions, including closing all positions at a Fidelity account (in preparation of closing the Fidelity account because their fees are outrageously high).
GLD 87.27 -1.06
SLV 12.21 -0.34
PTM 13.29 -0.11
APL 4.15 +0.03. Sold at $4.13 for 3.26 per share loss (dividends and covered call premiums not included in that loss). 36.89% dividend.
EWY 34.22 +0.99. Sold at $34.25 for 1.06 per share gain.
URE 3.82 +0.01. Sold at $3.85 for .70 per share gain.
BGZ 44.60 +0. Bought a tiny position at $44.2599.
COIN 1.31 -0.15.
F 5.98 +0.53. May be able to continue to 7.5 and 8.
Fidelity sales to get IRA account totally to cash:
URE 3.82 +0.01. Sold at 3.81 for 3127.55 gain.
ROY 2.47 +0.22. Sold at 2.40 for 40.05 gain. Price ran up at end of day to close at six month high.
SLV 12.21 -0.34. Sold at 12.21 for 1069.05 loss.
ERJ 16.22 -0.42. Had been unable to make higher highs, and volume was contracting. Today volume came in with the selling. Potential short down to 14.45.
SQNM 3.62 -11.29 (-75.72%).
SRZ 2.55 +0.70 (37.84%). Six month high with good volume. Look to buy a weekly light volume pullback.
Thursday, April 30, 2009
20090430 1135
DJIA 8,283.13 +97.40
NASDAQ 1,750.35 +38.41
SP500 886.03 +12.39
Global indices up. Metals down.
EWY 34.55 +1.32. Sold at 34.25 this morning for 1.06 per share gain. Wanted to take the money to keep some cash in reserve and to be less than fully exposed to the market.
NASDAQ 1,750.35 +38.41
SP500 886.03 +12.39
Global indices up. Metals down.
EWY 34.55 +1.32. Sold at 34.25 this morning for 1.06 per share gain. Wanted to take the money to keep some cash in reserve and to be less than fully exposed to the market.
Wednesday, April 29, 2009
20090429 PM
DOW 8,185.73 +168.78
NASDAQ 1,711.94 +38.13
SP500 873.64 +18.48
Poor GDP numbers and the markets rally.
GLD 88.33 +0.58
SLV 12.55 +0.25
PTM 13.40 +0.07
COIN 1.461 +0.081. Higher in the morning, consolidated, tested unchanged, then consolidated higher though below the daily high. Big volume that increased.
EWY 33.23 +1.97. Korea. Long at 33.19 today.
F 33.23 +1.97. Closed at day high.
URE 3.81 +0.25. Good volume.
NFLX 45.23 -0.95
RMBS 11.61 +0.31
XLF 10.88 +0.45
NASDAQ 1,711.94 +38.13
SP500 873.64 +18.48
Poor GDP numbers and the markets rally.
GLD 88.33 +0.58
SLV 12.55 +0.25
PTM 13.40 +0.07
COIN 1.461 +0.081. Higher in the morning, consolidated, tested unchanged, then consolidated higher though below the daily high. Big volume that increased.
EWY 33.23 +1.97. Korea. Long at 33.19 today.
F 33.23 +1.97. Closed at day high.
URE 3.81 +0.25. Good volume.
NFLX 45.23 -0.95
RMBS 11.61 +0.31
XLF 10.88 +0.45
20090429 1408
DOW 8,199.03 +182.08
NASDAQ 1,715.35 +41.54
SP500 875.64 +20.48
COIN 1.62 +0.24. Started swing trade long position at average price of 1.623. Breaking out. Looking for 2.
EWY 33.14 +1.88. IShares MSCI South Korea Index Fd. Started swing trade long position at 33.19.
TNGMA 0.4025 +0.056. Interesting story on this gold miner.
NASDAQ 1,715.35 +41.54
SP500 875.64 +20.48
COIN 1.62 +0.24. Started swing trade long position at average price of 1.623. Breaking out. Looking for 2.
EWY 33.14 +1.88. IShares MSCI South Korea Index Fd. Started swing trade long position at 33.19.
TNGMA 0.4025 +0.056. Interesting story on this gold miner.
20090429 1104
DOW 8,163.03 +146.08
NASDAQ 1,709.31 +35.50
SP500 871.51 +16.35
SSO 23.59 +0.91. Sold at 23.33 for .48 per share gain.
DNDN 23.15 +11.34. Day range 22.70 - 27.40.
NASDAQ 1,709.31 +35.50
SP500 871.51 +16.35
SSO 23.59 +0.91. Sold at 23.33 for .48 per share gain.
DNDN 23.15 +11.34. Day range 22.70 - 27.40.
Tuesday, April 28, 2009
20090428 PM
DOW 8,016.95 -8.05
NASDAQ 1,673.81 -5.60
SP500 855.16 -2.35
Indices lower worldwide.
GLD 87.75 -1.26
SLV 12.30 -0.36
PTM 13.33 -0.53
SSO 22.68 -0.15
TRE 2.88 -0.18. Down on lighter volume.
URE 3.56 +0.08. The covered call May 5s that were sold at .10 were bought back at .05 today to close the hedge.
EEE 1.12 -0.01
FAS 7.438 -0.316
NFLX 46.18 -0.19. Going lower, though too strong to short.
USD 16.45 -0.39. Going lower.
NASDAQ 1,673.81 -5.60
SP500 855.16 -2.35
Indices lower worldwide.
GLD 87.75 -1.26
SLV 12.30 -0.36
PTM 13.33 -0.53
SSO 22.68 -0.15
TRE 2.88 -0.18. Down on lighter volume.
URE 3.56 +0.08. The covered call May 5s that were sold at .10 were bought back at .05 today to close the hedge.
EEE 1.12 -0.01
FAS 7.438 -0.316
NFLX 46.18 -0.19. Going lower, though too strong to short.
USD 16.45 -0.39. Going lower.
20090428 1133
DOW 8,020.70 -4.30
NASDAQ 1,682.37 +2.96
SP500 856.54 -0.97
SSO 22.86 +0.03. Went long at 22.85 looking to see if buyers can retest day high.
NFLX 47.26 +0.89. Was shaken out this morning. Watch if volume will come in today.
NASDAQ 1,682.37 +2.96
SP500 856.54 -0.97
SSO 22.86 +0.03. Went long at 22.85 looking to see if buyers can retest day high.
NFLX 47.26 +0.89. Was shaken out this morning. Watch if volume will come in today.
20090428 1044
DOW 8,062.51 +37.51
NASDAQ 1,687.98 +8.57
SP500 860.75 +3.24
Shorts are getting run out of their positions.
SKF 59.46 -0.12. Sold at 60.03 for 1.84 per share loss. Tiny position size kept absolute loss small.
NASDAQ 1,687.98 +8.57
SP500 860.75 +3.24
Shorts are getting run out of their positions.
SKF 59.46 -0.12. Sold at 60.03 for 1.84 per share loss. Tiny position size kept absolute loss small.
20090428 1006
DOW 8,033.36 +8.36
NASDAQ 1,679.08 -0.33
SP500 857.12 -0.39
Indices moved quickly to near flat.
GLD 87.56 -1.45
SLV 12.29 -0.36
PTM 13.21 -0.65
TNA 23.48 +0.24. Sold at 23.47 for .78 per share gain intraday.
NASDAQ 1,679.08 -0.33
SP500 857.12 -0.39
Indices moved quickly to near flat.
GLD 87.56 -1.45
SLV 12.29 -0.36
PTM 13.21 -0.65
TNA 23.48 +0.24. Sold at 23.47 for .78 per share gain intraday.
20090428 0943
DOW 7,976.49 -48.51
NASDAQ 1,664.83 -14.58
SP500 850.37 -7.14
Global indices are down.
EEE 1.08 -0.05. Sold at 1.11 for .2 per share loss.
FAS 7.3286 -0.4254. Sold at 7.29 for 2.09 per share loss.
NFLX 45.60 -0.77. Sold at 45.08 for 1.76 per share gain.
SKF 61.83 +2.25. Bought at 61.87.
TNA 22.66 -0.58. Bought at 22.69 for scalp.
NASDAQ 1,664.83 -14.58
SP500 850.37 -7.14
Global indices are down.
EEE 1.08 -0.05. Sold at 1.11 for .2 per share loss.
FAS 7.3286 -0.4254. Sold at 7.29 for 2.09 per share loss.
NFLX 45.60 -0.77. Sold at 45.08 for 1.76 per share gain.
SKF 61.83 +2.25. Bought at 61.87.
TNA 22.66 -0.58. Bought at 22.69 for scalp.
Monday, April 27, 2009
20090427 PM
DOW 8,025.00 -51.29. Consider shorting for a couple hundred points down.
NASDAQ 1,679.41 -14.88
SP500 857.51 -8.72. Can possibly test 800.
Indices opened down, showed strength working higher, then flu news and economic news pulled down prices. With the abundance of bad news, the indices relatively did OK. May see additional weakness this week on lighter volume. Looking to close more positions to get to cash and let the news work itself out (bird/pig flu, bank stress test, fannie mae, BAC's Lewis implicating Paulson & Bernanke).
GLD 89.01 -0.71
SLV 12.66 -0.01. Relative strength within metals.
PTM 13.86 -0.44
With all of the bad news, metals didn't go higher. This is not a good sign near-term for metals.
EEE 1.13 -0.01
F 5.11 +0.11. Day range 5.02 - 5.42.
FAS 7.754 -0.656. Close long tomorrow to take loss.
NFLX 46.37 +3.64. Decent volume.
TRE 3.06 -0.03. May sell to avoid a little metal pullback.
URE 3.48 -0.42. Price destruction on lighter volume.
DBA 24.30 -0.45. PowerShares DB Agriculture Fund. The flu news pushed down agriculture and hogs. This could be a buying opportunity.
DNDN 21.55 +1.47. High short interest of 24%.
XLF 10.76 -0.18
NASDAQ 1,679.41 -14.88
SP500 857.51 -8.72. Can possibly test 800.
Indices opened down, showed strength working higher, then flu news and economic news pulled down prices. With the abundance of bad news, the indices relatively did OK. May see additional weakness this week on lighter volume. Looking to close more positions to get to cash and let the news work itself out (bird/pig flu, bank stress test, fannie mae, BAC's Lewis implicating Paulson & Bernanke).
GLD 89.01 -0.71
SLV 12.66 -0.01. Relative strength within metals.
PTM 13.86 -0.44
With all of the bad news, metals didn't go higher. This is not a good sign near-term for metals.
EEE 1.13 -0.01
F 5.11 +0.11. Day range 5.02 - 5.42.
FAS 7.754 -0.656. Close long tomorrow to take loss.
NFLX 46.37 +3.64. Decent volume.
TRE 3.06 -0.03. May sell to avoid a little metal pullback.
URE 3.48 -0.42. Price destruction on lighter volume.
DBA 24.30 -0.45. PowerShares DB Agriculture Fund. The flu news pushed down agriculture and hogs. This could be a buying opportunity.
DNDN 21.55 +1.47. High short interest of 24%.
XLF 10.76 -0.18
Sunday, April 26, 2009
20090424 Weekend
DOW 8,076.29 +119.23
NASDAQ 1,694.29 +42.08
SP500 866.23 +14.31
On the week, indices were nearly flat. Markets still significantly overbought.
Rumors that financials have been up because there has been a quiet effort to make financials unavailable to borrow and existing shorts have been called in. Shorting of financials was not outlawed for a period last Fall, but that was done via public announcement. If the current ban on shorting financials is true, it has not been told to the public. Additionally, forcing existing shorts to cover would immediately drive the sector higher.
For early next week, hedge positions or consider moving to cash - at least get off margin. Stay long energy and metal.
GLD 89.72 +0.92. Is setting up to jump higher.
SLV 12.67 +0.13
PTM 14.30 -0.12
APL 4.43 +0.36. 34% dividend, if it pays.
FAS 8.41 +0.56. Get out early next week.
SSO Covered at 23.27 for no per share loss/gain, though loss of transaction fees.
TRE 3.09 +0.07. Barron's article pushed the price to 3 this week. Went long at 2.98.
URE 3.90 +0.31. Stay long and don't be shaken out. Weekly volume is high and growing, and this is getting ready to quickly move up.
XLF 10.94 +0.24
VMW 26.00 +0.08
XLE 46.07 +1.30
CAKE 17.81 +2.89. Long term buy on a retracement.
DGP 19.48 +0.41
GME 31.31 +0.81. Potential short.
RGR 10.82 +0.00. Needs to hold 10 or this can give back two months of gains.
RJA 7.27 +0.06. The investment seeks to replicate, net of expenses, the Rogers International Commodity Index Agriculture Total Return index. The index represents the value of a basket of 20 agricultural commodity futures contracts.
RJN 4.74 +0.07. The investment seeks to replicate, net of expenses, the Rogers International Commodity Index Energy Total Return index. The index represents the value of a basket of 6 energy commodity futures contracts.
TZA 32.05 -1.95. Triple small cap bear. Potential buy next week.
NASDAQ 1,694.29 +42.08
SP500 866.23 +14.31
On the week, indices were nearly flat. Markets still significantly overbought.
Rumors that financials have been up because there has been a quiet effort to make financials unavailable to borrow and existing shorts have been called in. Shorting of financials was not outlawed for a period last Fall, but that was done via public announcement. If the current ban on shorting financials is true, it has not been told to the public. Additionally, forcing existing shorts to cover would immediately drive the sector higher.
For early next week, hedge positions or consider moving to cash - at least get off margin. Stay long energy and metal.
GLD 89.72 +0.92. Is setting up to jump higher.
SLV 12.67 +0.13
PTM 14.30 -0.12
APL 4.43 +0.36. 34% dividend, if it pays.
FAS 8.41 +0.56. Get out early next week.
SSO Covered at 23.27 for no per share loss/gain, though loss of transaction fees.
TRE 3.09 +0.07. Barron's article pushed the price to 3 this week. Went long at 2.98.
URE 3.90 +0.31. Stay long and don't be shaken out. Weekly volume is high and growing, and this is getting ready to quickly move up.
XLF 10.94 +0.24
VMW 26.00 +0.08
XLE 46.07 +1.30
CAKE 17.81 +2.89. Long term buy on a retracement.
DGP 19.48 +0.41
GME 31.31 +0.81. Potential short.
RGR 10.82 +0.00. Needs to hold 10 or this can give back two months of gains.
RJA 7.27 +0.06. The investment seeks to replicate, net of expenses, the Rogers International Commodity Index Agriculture Total Return index. The index represents the value of a basket of 20 agricultural commodity futures contracts.
RJN 4.74 +0.07. The investment seeks to replicate, net of expenses, the Rogers International Commodity Index Energy Total Return index. The index represents the value of a basket of 6 energy commodity futures contracts.
TZA 32.05 -1.95. Triple small cap bear. Potential buy next week.
Friday, April 24, 2009
20090424 1454
DOW 8,096.68 +139.62
NASDAQ 1,692.45 +40.24
SP500 867.55 +15.63
Many continue to try to short the market because it is higher on lighter volume.
SSO 23.47 +0.89. Shorted at 23.37 for possible late-day weakness.
NASDAQ 1,692.45 +40.24
SP500 867.55 +15.63
Many continue to try to short the market because it is higher on lighter volume.
SSO 23.47 +0.89. Shorted at 23.37 for possible late-day weakness.
20090424 1446
DOW 8,116.35 +159.29
NASDAQ 1,696.89 +44.68
SP500 869.93 +18.01
Indices pushing higher on lighter volume.
EEV 30.86 -1.41. Stopped out for .49 per share loss.
NASDAQ 1,696.89 +44.68
SP500 869.93 +18.01
Indices pushing higher on lighter volume.
EEV 30.86 -1.41. Stopped out for .49 per share loss.
20090424 1020
DOW 8,026.43 +69.37
NASDAQ 1,671.63 +19.42
SP500 859.85 +7.93
URE 3.61 +0.02. Sold the covered calls May 5s at .10.
NASDAQ 1,671.63 +19.42
SP500 859.85 +7.93
URE 3.61 +0.02. Sold the covered calls May 5s at .10.
20090424 1012
DOW 8,026.99 +69.93
NASDAQ 1,670.03 +17.82
SP500 859.28 +7.36
EEV 31.32 -0.95. Bought at 31.31 for a rebound when indices retrace intraday.
NASDAQ 1,670.03 +17.82
SP500 859.28 +7.36
EEV 31.32 -0.95. Bought at 31.31 for a rebound when indices retrace intraday.
20090424 1000
DOW 8,051.52 +94.46
NASDAQ 1,671.12 +18.91
SP500 861.65 +9.73
FAS 7.89 +0.04. Had purchased 1/2 position at 9.65 and closed for 1.75 per share loss. Wanted to clean up and close out this position.
NASDAQ 1,671.12 +18.91
SP500 861.65 +9.73
FAS 7.89 +0.04. Had purchased 1/2 position at 9.65 and closed for 1.75 per share loss. Wanted to clean up and close out this position.
20090424 0950
DOW 8,014.16 +57.10
NASDAQ 1,660.81 +8.60
SP500 857.62 +5.70
BGU 28.23 +0.61. Yesterday bought at 26.34 and sold at 27.7 for 1.16 per share gain.
F 5.30 +0.81. Had an open order to sell the covered call May 6s at .15.
NFLX 42.30 -3.02
NASDAQ 1,660.81 +8.60
SP500 857.62 +5.70
BGU 28.23 +0.61. Yesterday bought at 26.34 and sold at 27.7 for 1.16 per share gain.
F 5.30 +0.81. Had an open order to sell the covered call May 6s at .15.
NFLX 42.30 -3.02
Thursday, April 23, 2009
20090423 PM
DOW 7957.06 +70.49
NASDAQ 1652.21 +6.09
SP500 851.92 +8.37. Consolidating to push above 900.
GLD 88.80 +1.42
SLV 12.54 +0.41
PTM 14.42 +0.26
BGU 27.62 +0.77
F 4.49 +0.21. Watch how it handles resistance at 5.
NFLX 45.32 -0.56. After hours reported higher profit, increased forecast, and it is trading lower. After hours 42.29 -3.03.
URE 3.59 +0.31
FIG 3.57 +1.09
GM 1.62 -0.07
PCU 18.01 -0.31. Let it go lower.
VMW 25.92 -6.63
XLF 10.7 +.48
NASDAQ 1652.21 +6.09
SP500 851.92 +8.37. Consolidating to push above 900.
GLD 88.80 +1.42
SLV 12.54 +0.41
PTM 14.42 +0.26
BGU 27.62 +0.77
F 4.49 +0.21. Watch how it handles resistance at 5.
NFLX 45.32 -0.56. After hours reported higher profit, increased forecast, and it is trading lower. After hours 42.29 -3.03.
URE 3.59 +0.31
FIG 3.57 +1.09
GM 1.62 -0.07
PCU 18.01 -0.31. Let it go lower.
VMW 25.92 -6.63
XLF 10.7 +.48
20090423 1201
DOW 7,815.76 -70.81
NASDAQ 1,629.00 -17.12
SP500 836.87 -6.68
VMW 26.02 -6.53. Covered call took me out of the long last weekend at 30. Yesterday price ran up before earnings. Today selloff on lower guidance.
NASDAQ 1,629.00 -17.12
SP500 836.87 -6.68
VMW 26.02 -6.53. Covered call took me out of the long last weekend at 30. Yesterday price ran up before earnings. Today selloff on lower guidance.
20090423 1146
DOW 7,825.24 -61.33
NASDAQ 1,631.37 -14.75
SP500 838.12 -5.43
Churning continues and is expected for a few more days. Financial uncertainty will continue while more info on bank "stress test" are awaited.
NFLX 44.12 -1.76. Bought at 44.04 for a scalp though will consider holding overnight.
NASDAQ 1,631.37 -14.75
SP500 838.12 -5.43
Churning continues and is expected for a few more days. Financial uncertainty will continue while more info on bank "stress test" are awaited.
NFLX 44.12 -1.76. Bought at 44.04 for a scalp though will consider holding overnight.
20090423 1127
DOW 7,832.09 -54.48
NASDAQ 1,631.38 -14.74
SP500 838.18 -5.41
GLD 89.00 +1.62
SLV 12.58 +0.45
PTM 14.24 +0.08
BGU 26.30 -0.55. Started intraday scalp at 26.33.
XLE 44.01 +0.06. Sold small position that was taken about one month ago at 43. During that month had sold covered calls that expired.
F 4.36 +0.08. In North America, it appears Ford will be the relative winner among the large auto manufacturers.
GM 1.62 -0.07
NASDAQ 1,631.38 -14.74
SP500 838.18 -5.41
GLD 89.00 +1.62
SLV 12.58 +0.45
PTM 14.24 +0.08
BGU 26.30 -0.55. Started intraday scalp at 26.33.
XLE 44.01 +0.06. Sold small position that was taken about one month ago at 43. During that month had sold covered calls that expired.
F 4.36 +0.08. In North America, it appears Ford will be the relative winner among the large auto manufacturers.
GM 1.62 -0.07
Wednesday, April 22, 2009
20090422 PM
DOW 7,886.57 -82.99
NASDAQ 1,646.12 +2.27
SP500 843.55 -6.53
Indices opened lower, moved higher for most of day, then sold off last 1/2 hour to close above the opening prices.
EEE 1.16 +0.06. Volume came in during last minute and it closed at high of day.
F 4.28 +0.48. Bought at 4.38 today. Look for consolidation then a move toward 5.7.
SNDK 15.56 +0.02
URE 3.28 -0.22
CROX 2.34 +0.43. Ramped up at end of day. Good volume. Lots of upside potential.
NFLX 45.88 -0.72
Some stocks with high short interest from agorafinancial.com a couple weeks ago:
SYNA 31.40 +0.55
GMCR 54.02 +1.78
ADS 40.68 -1.07
MACE 15.08 +0.53
NASDAQ 1,646.12 +2.27
SP500 843.55 -6.53
Indices opened lower, moved higher for most of day, then sold off last 1/2 hour to close above the opening prices.
EEE 1.16 +0.06. Volume came in during last minute and it closed at high of day.
F 4.28 +0.48. Bought at 4.38 today. Look for consolidation then a move toward 5.7.
SNDK 15.56 +0.02
URE 3.28 -0.22
CROX 2.34 +0.43. Ramped up at end of day. Good volume. Lots of upside potential.
NFLX 45.88 -0.72
Some stocks with high short interest from agorafinancial.com a couple weeks ago:
SYNA 31.40 +0.55
GMCR 54.02 +1.78
ADS 40.68 -1.07
MACE 15.08 +0.53
20090422 1452
DOW 8,033.36 +63.80
NASDAQ 1,676.46 +32.61
SP500 861.29 +11.21
F 4.39 +0.59. Bought at 4.38 for swing trade. Seven month high.
GM 1.70 +0. Day range 1.60 - 1.84.
Comtex Smartrend(r)
Shares of Ford (NYSE:F) rose as high as 14% Wednesday following an upgrade from Goldman Sachs (NYSE:GS), citing a "sea of change" in the US automobile industry. Goldman said it was time to buy the embattled automaker, setting a six-month target price of $6 a share. Goldman equity analyst Patrick Archambault wrote that Ford would benefit from "diminished presence" of its two of its largest competitors General Motors (NYSE:GM) and Chrysler due to highly likely bankruptcies in the oncoming weeks.
NASDAQ 1,676.46 +32.61
SP500 861.29 +11.21
F 4.39 +0.59. Bought at 4.38 for swing trade. Seven month high.
GM 1.70 +0. Day range 1.60 - 1.84.
Comtex Smartrend(r)
Shares of Ford (NYSE:F) rose as high as 14% Wednesday following an upgrade from Goldman Sachs (NYSE:GS), citing a "sea of change" in the US automobile industry. Goldman said it was time to buy the embattled automaker, setting a six-month target price of $6 a share. Goldman equity analyst Patrick Archambault wrote that Ford would benefit from "diminished presence" of its two of its largest competitors General Motors (NYSE:GM) and Chrysler due to highly likely bankruptcies in the oncoming weeks.
20090422 1446
DOW 8,030.81 +61.25
NASDAQ 1,675.77 +31.92
SP500 860.88 +10.80
SNDK 15.73 2.02. Sold at 15.74 for .2 per share intraday gain (a meal, charity, and a silver eagle).
NASDAQ 1,675.77 +31.92
SP500 860.88 +10.80
SNDK 15.73 2.02. Sold at 15.74 for .2 per share intraday gain (a meal, charity, and a silver eagle).
20090422 1335
DOW 7,988.36 +18.80
NASDAQ 1,667.26 +23.41
SP500 856.13 +6.05
GMO 1.55 -0.04. Wrote some June 2.5 covered calls.
SNDK 15.54 +1.83. Went long at 15.54 for intraday scalp. Day range 14.69 - 15.90.
NASDAQ 1,667.26 +23.41
SP500 856.13 +6.05
GMO 1.55 -0.04. Wrote some June 2.5 covered calls.
SNDK 15.54 +1.83. Went long at 15.54 for intraday scalp. Day range 14.69 - 15.90.
Tuesday, April 21, 2009
20090421 PM
DOW 7969.56 +127.83
NASDAQ 1643.85 +35.64. Nice recovery today by rejecting lows and going higher. Looking for 1785 from November 2008.
SP500 850.08 +17.69
Indices recovered 1/2 of the Monday loss. Still looking to lighten up.
FAS 7.812 +1.253
XLE 44.42 +0.86
URE 3.50 +0.53
TRE 3.0199 -0.1801. Went long at 2.98.
ETFC 2.43 +0.30. Potential swing long.
Casino potential longer term buys:
LVS 5.03 +0.39
WYNN 31.59 +1.15
NASDAQ 1643.85 +35.64. Nice recovery today by rejecting lows and going higher. Looking for 1785 from November 2008.
SP500 850.08 +17.69
Indices recovered 1/2 of the Monday loss. Still looking to lighten up.
FAS 7.812 +1.253
XLE 44.42 +0.86
URE 3.50 +0.53
TRE 3.0199 -0.1801. Went long at 2.98.
ETFC 2.43 +0.30. Potential swing long.
Casino potential longer term buys:
LVS 5.03 +0.39
WYNN 31.59 +1.15
20090421 1449
DOW 7,932.29 +90.56
NASDAQ 1,628.58 +20.37
SP500 844.18 +11.79
URE 3.29 +0.32. Sold at 3.26 in a taxable account for a sizable gain. Started partial position at 3.15 in a tax-deferred account.
NASDAQ 1,628.58 +20.37
SP500 844.18 +11.79
URE 3.29 +0.32. Sold at 3.26 in a taxable account for a sizable gain. Started partial position at 3.15 in a tax-deferred account.
20090421 1320
DJIA 7,897.88 +56.15
NASDAQ 1,629.32 +21.11
SP500 841.46 +9.07
TRE 2.99 -0.21. Bought at 2.98. Was looking to buy at 3 for some time, and the price has arrived. Must hold 2.78.
URE 3.25 +0.28
XLF 10.34 +0.47
NASDAQ 1,629.32 +21.11
SP500 841.46 +9.07
TRE 2.99 -0.21. Bought at 2.98. Was looking to buy at 3 for some time, and the price has arrived. Must hold 2.78.
URE 3.25 +0.28
XLF 10.34 +0.47
Monday, April 20, 2009
20090420 PM
Dow 7,841.73 -289.60 (3.56%)
Nasdaq 1,608.21 -64.86 (3.88%)
SP500 832.39 -37.21 (4.28%)
10-Yr Bond 2.84% -0.0870
Indices gapped down sharply and closed near low of day.
VMW 29.78 -0.92. Previous close 30.7. The covered calls were exercised and the long VMW was taken at 30 over the weekend.
JAVA 9.15 +2.46. Buyout from Oracle.
Nasdaq 1,608.21 -64.86 (3.88%)
SP500 832.39 -37.21 (4.28%)
10-Yr Bond 2.84% -0.0870
Indices gapped down sharply and closed near low of day.
VMW 29.78 -0.92. Previous close 30.7. The covered calls were exercised and the long VMW was taken at 30 over the weekend.
JAVA 9.15 +2.46. Buyout from Oracle.
Sunday, April 19, 2009
20090417 PM
DOW 8,131.33 +5.90
NASDAQ 1,673.07 +2.63
SP500 869.60 +4.30. SPX traded to 875 intraday.
Indices started the day lower/mixed, mid-day went higher, then sold down into the close. This is the 6th consecutive week the indices have closed higher.
NASDAQ 1,673.07 +2.63
SP500 869.60 +4.30. SPX traded to 875 intraday.
Indices started the day lower/mixed, mid-day went higher, then sold down into the close. This is the 6th consecutive week the indices have closed higher.
Friday, April 17, 2009
20080416 PM
DOW 8,125.43 +95.81
NASDAQ 1,670.44 +43.64
SP500 865.30 +13.24
Strong finish in the last couple hours to close near the highs of day set up a potentially explosive upside tomorrow for options expiry.
URE 3.70 +0.27. Day range 3.17 - 3.97. Sold April 4s covered calls on the remainder of this position. Bought this for 2.77 on 03/24/09 for 33% gain, so would be happy to be taken out at 4 this weekend to force me to take the gains.
AEM 45.73 -3.59
TRE 2.85 -0.20. Volume is not as high as Monday, but volume is still too high. Needs time to consolidate and then show upside strength before this could be a buy.
XLF 10.97 +0.12
GGP 1.05. Trading halted due to bankruptcy of this commercial real estate holder. This is the second-largest shopping mail REIT.
BPO 7.23 +0.28. Brookfield Properties
SPG 47.25 +3.25. Simon Property Group.
IYR 31.91 +1.25. iShares Dow Jones US Real Estate
SRS 28.29 -2.58. ProShares UltraShort Real Estate. 52 week range 25.84 - 295.72.
NASDAQ 1,670.44 +43.64
SP500 865.30 +13.24
Strong finish in the last couple hours to close near the highs of day set up a potentially explosive upside tomorrow for options expiry.
URE 3.70 +0.27. Day range 3.17 - 3.97. Sold April 4s covered calls on the remainder of this position. Bought this for 2.77 on 03/24/09 for 33% gain, so would be happy to be taken out at 4 this weekend to force me to take the gains.
AEM 45.73 -3.59
TRE 2.85 -0.20. Volume is not as high as Monday, but volume is still too high. Needs time to consolidate and then show upside strength before this could be a buy.
XLF 10.97 +0.12
GGP 1.05. Trading halted due to bankruptcy of this commercial real estate holder. This is the second-largest shopping mail REIT.
BPO 7.23 +0.28. Brookfield Properties
SPG 47.25 +3.25. Simon Property Group.
IYR 31.91 +1.25. iShares Dow Jones US Real Estate
SRS 28.29 -2.58. ProShares UltraShort Real Estate. 52 week range 25.84 - 295.72.
Thursday, April 16, 2009
20090415 PM
DOW 8,029.62 +109.44
NASDAQ 1,626.80 +1.08
SP500 852.06 +10.56
Indices opened with small gap down. Rally in last hour had indices close at/near day high. The intraday corrections may be leading to an explosive upside move by shaking out the longs and encouraging the shorts to short more.
Options expiry this weekend.
GLD 87.50 +0.13
SLV 12.55 +0.01
PTM 14.79 +0.13
ANO 1.00 +0.09
APL 3.87 -0.22
EEE 1.07 +0.09
FAS 8.8647 +1.0267. Looking to close a portion of this long this week.
GMO 1.67 -0.01. Went long at 1.61 today.
ROY 2.19 -0.04
SLV 12.55 +0.01. Looking for 14. Can add here.
URE 3.43 +0.451
VMW 29.60 -0.44
XLE 45.04 +0.06
CROX 1.88 +0.20. Can break significantly higher if the overall market runs. Want to see volume come in on the upside.
DPTR 4.05 +0.89. Want to see more volume to continue this move up.
ETFC 2.08 +0.21
FEED 3.48 +0.10
TRE 3.05 +0.00. Day range 2.89 - 3.16. Tested 3, so looking to buy. After last hit piece by Barron's last weekend, want to give this a little time to watch it stabilize.
NASDAQ 1,626.80 +1.08
SP500 852.06 +10.56
Indices opened with small gap down. Rally in last hour had indices close at/near day high. The intraday corrections may be leading to an explosive upside move by shaking out the longs and encouraging the shorts to short more.
Options expiry this weekend.
GLD 87.50 +0.13
SLV 12.55 +0.01
PTM 14.79 +0.13
ANO 1.00 +0.09
APL 3.87 -0.22
EEE 1.07 +0.09
FAS 8.8647 +1.0267. Looking to close a portion of this long this week.
GMO 1.67 -0.01. Went long at 1.61 today.
ROY 2.19 -0.04
SLV 12.55 +0.01. Looking for 14. Can add here.
URE 3.43 +0.451
VMW 29.60 -0.44
XLE 45.04 +0.06
CROX 1.88 +0.20. Can break significantly higher if the overall market runs. Want to see volume come in on the upside.
DPTR 4.05 +0.89. Want to see more volume to continue this move up.
ETFC 2.08 +0.21
FEED 3.48 +0.10
TRE 3.05 +0.00. Day range 2.89 - 3.16. Tested 3, so looking to buy. After last hit piece by Barron's last weekend, want to give this a little time to watch it stabilize.
Wednesday, April 15, 2009
20090415 1033
DOW 7,938.50 +18.32
NASDAQ 1,617.11 -8.61
SP500 841.89 +0.39
GMO 1.66 -0.02. Bought at 1.61 this morning.
DPTR 3.37 +0.21
NASDAQ 1,617.11 -8.61
SP500 841.89 +0.39
GMO 1.66 -0.02. Bought at 1.61 this morning.
DPTR 3.37 +0.21
Tuesday, April 14, 2009
20090414 PM
DOW 7920.18 -137.63
NASDAQ 1625.72 -27.59
SP500 841.50 -17.23
APL 4.09 -0.33
VMW 30.04 -1.49
XLE 44.98 -0.12
XLF 10.35 -0.73
DPTR 3.16 0.44. Big price spread with good volume.
FEED 3.38 +0.17
GMO 1.68 +0.21. Big price spread with volume. Resistance at 2.
NASDAQ 1625.72 -27.59
SP500 841.50 -17.23
APL 4.09 -0.33
VMW 30.04 -1.49
XLE 44.98 -0.12
XLF 10.35 -0.73
DPTR 3.16 0.44. Big price spread with good volume.
FEED 3.38 +0.17
GMO 1.68 +0.21. Big price spread with volume. Resistance at 2.
Monday, April 13, 2009
20090413 PM
DOW 8,057.81 -25.57
NASDAQ 1,653.31 +0.77
SP500 858.73 +2.17. Going to 940s.
Indices opened lower and closed near unchanged.
GLD 87.88 +1.57. Hovering around 200 DMA. Can test 800.
SLV 12.57 +0.40
PTM 15.10 +0.30
XLF 11.08 +0.45. Day range 10.35 - 11.26.
FAS 9.75 +1.04. Day range 8.11 - 10.05.
NFLX 49.42 +2.47.
SRS 31.47 -1.42
URE 3.51 +0.07
TGB 1.68 +0.21 (14.29%). Heavy volume.
TRE 3.42 -.63 (15.56%). Previous close 4.05. Open 3.50. Day range 3.10 - 3.54. The Barron's hit piece last weekend caused the gap down on heavy volume. Still looking to buy at 3.
FEED 3.21 +0.80 (+33.20%). Very heavy volume. Closed above the gap from November 2008. A little late, but watch how it acts in the morning for potential buy.
ZLC 3.94 -0.25. Zale's. Watch how it consolidates here after a nice run from 1.
NASDAQ 1,653.31 +0.77
SP500 858.73 +2.17. Going to 940s.
Indices opened lower and closed near unchanged.
GLD 87.88 +1.57. Hovering around 200 DMA. Can test 800.
SLV 12.57 +0.40
PTM 15.10 +0.30
XLF 11.08 +0.45. Day range 10.35 - 11.26.
FAS 9.75 +1.04. Day range 8.11 - 10.05.
NFLX 49.42 +2.47.
SRS 31.47 -1.42
URE 3.51 +0.07
TGB 1.68 +0.21 (14.29%). Heavy volume.
TRE 3.42 -.63 (15.56%). Previous close 4.05. Open 3.50. Day range 3.10 - 3.54. The Barron's hit piece last weekend caused the gap down on heavy volume. Still looking to buy at 3.
FEED 3.21 +0.80 (+33.20%). Very heavy volume. Closed above the gap from November 2008. A little late, but watch how it acts in the morning for potential buy.
ZLC 3.94 -0.25. Zale's. Watch how it consolidates here after a nice run from 1.
20090413 1156
DOW 8,052.24 -31.14 (-0.39%)
NASDAQ 1,647.09 -5.45 (-0.33%)
SP500 857.39 +0.83
Indices continue to correct intraday then power higher.
SRS 32.10 -0.79. Stopped out at 32.59 for .95 loss.
URE 3.4699 +0.0299
XLF 11.01 +0.38. Day range 10.35 - 11.03.
FAS 9.4801 +0.7701. Day range 8.11 - 9.58. After closing SRS, went long FAS at ~9.39. Added a half position at 9.65.
NASDAQ 1,647.09 -5.45 (-0.33%)
SP500 857.39 +0.83
Indices continue to correct intraday then power higher.
SRS 32.10 -0.79. Stopped out at 32.59 for .95 loss.
URE 3.4699 +0.0299
XLF 11.01 +0.38. Day range 10.35 - 11.03.
FAS 9.4801 +0.7701. Day range 8.11 - 9.58. After closing SRS, went long FAS at ~9.39. Added a half position at 9.65.
20090413 1200
DOW 7,980.87 -102.51
NASDAQ 1,634.01 -18.53
SP500 848.71 -7.85
Choppy price movement. Many are looking for a pause in the up movement.
SRS 33.53 +0.64. Started position at 33.55 for short term trade.
URE 3.309 -0.131
NASDAQ 1,634.01 -18.53
SP500 848.71 -7.85
Choppy price movement. Many are looking for a pause in the up movement.
SRS 33.53 +0.64. Started position at 33.55 for short term trade.
URE 3.309 -0.131
20090413 1140
DOW 7,986.61 -96.77
NASDAQ 1,633.91 -18.63
SP500 849.33 -7.23
NFLX 49.10 +2.15. Sold at 49.375 for 2.57 gain (purchased previous trading day).
URE 3.3299 -0.1101
SRS 33.46 +0.57
NASDAQ 1,633.91 -18.63
SP500 849.33 -7.23
NFLX 49.10 +2.15. Sold at 49.375 for 2.57 gain (purchased previous trading day).
URE 3.3299 -0.1101
SRS 33.46 +0.57
Sunday, April 12, 2009
20090409 PM
DOW 8,083.38 +246.27 (+3.14%)
NASDAQ 1,652.54 +61.88 (+3.89%)
SP500 856.56 +31.40 (+3.81%). Will test slightly over 900 then may continue to 940.
Indices gapped higher, consolidated, and had a strong finish to close at highs. Indices appear to be setting up for significant upside moves. Though some pullback is to be expected, the indices have strength.
GLD 86.31 -0.30
SLV 12.17 +0.032
PTM 14.80 +0.35. Talk of registering platinum ETF (and paladium ETF) on US exchanges.
JJC 29.22 +1.35. Copper.
EEV 31.79 -3.22 (-9.20%). Gapped down and stayed down, closing at lows. Stopped out at 31.76 for loss of .68 per share.
NFLX 46.95 +2.67 (+6.03%). Day range 44.2002 - 46.99. All time high. Started small position at 46.8.
ANO 0.84 +0.10 (+13.51%). Platinum miner.
ROY 2.24 +0.14 (+6.67%). Mining royalty company.
URE 3.44 +0.68 (+24.64%). Filled the gap down from February of this year. Going for 7.28 from December 15, 2008.
GCI 3.75 +1.06 (39.41%). Newspaper publisher.
HOG 18.02 +1.76 (+10.82%). Harley Davidson motorcycles. They made a lot of money on financing bikes. Have the credit problems eased and sales of bikes on credit will ramp up and most customer loans will be paid?
Some quotes from Barron's interview of William Black on the financial bailouts:
The Lessons of the Savings-and-Loan Crisis
William Black, Associate Professor, Economics and Law,
University of Missouri, Kansas City
By JACK WILLOUGHBY
This will destroy Obama's administration, both economically and in terms of integrity.
We have failed bankers giving advice to failed regulators on how to deal with failed assets.
Geithner especially represents a failed regulator, having presided over the bailouts of major New York banks.
These firms will ultimately have to be forced into receivership, the management and boards stripped of office, title, and compensation.
Barron's FEATURE article that tears into TRE's exploration business and specifically Jim Sinclair:
All That Glitters Is Not Gold
By VITO J. RANCANELLI
Tanzanian Royalty rallied on the reputation of CEO James Sinclair. But the gold guru's actions cast doubt on the exploration company's fortunes.
GOLD EXPLORER TANZANIAN ROYALTY EXPLORATION HAS NO revenue, no earnings and no proven gold, as well as some accounting issues. So why do its shares trade at a premium to peers that seem to be in much better shape?
...
NASDAQ 1,652.54 +61.88 (+3.89%)
SP500 856.56 +31.40 (+3.81%). Will test slightly over 900 then may continue to 940.
Indices gapped higher, consolidated, and had a strong finish to close at highs. Indices appear to be setting up for significant upside moves. Though some pullback is to be expected, the indices have strength.
GLD 86.31 -0.30
SLV 12.17 +0.032
PTM 14.80 +0.35. Talk of registering platinum ETF (and paladium ETF) on US exchanges.
JJC 29.22 +1.35. Copper.
EEV 31.79 -3.22 (-9.20%). Gapped down and stayed down, closing at lows. Stopped out at 31.76 for loss of .68 per share.
NFLX 46.95 +2.67 (+6.03%). Day range 44.2002 - 46.99. All time high. Started small position at 46.8.
ANO 0.84 +0.10 (+13.51%). Platinum miner.
ROY 2.24 +0.14 (+6.67%). Mining royalty company.
URE 3.44 +0.68 (+24.64%). Filled the gap down from February of this year. Going for 7.28 from December 15, 2008.
GCI 3.75 +1.06 (39.41%). Newspaper publisher.
HOG 18.02 +1.76 (+10.82%). Harley Davidson motorcycles. They made a lot of money on financing bikes. Have the credit problems eased and sales of bikes on credit will ramp up and most customer loans will be paid?
Some quotes from Barron's interview of William Black on the financial bailouts:
The Lessons of the Savings-and-Loan Crisis
William Black, Associate Professor, Economics and Law,
University of Missouri, Kansas City
By JACK WILLOUGHBY
This will destroy Obama's administration, both economically and in terms of integrity.
We have failed bankers giving advice to failed regulators on how to deal with failed assets.
Geithner especially represents a failed regulator, having presided over the bailouts of major New York banks.
These firms will ultimately have to be forced into receivership, the management and boards stripped of office, title, and compensation.
Barron's FEATURE article that tears into TRE's exploration business and specifically Jim Sinclair:
All That Glitters Is Not Gold
By VITO J. RANCANELLI
Tanzanian Royalty rallied on the reputation of CEO James Sinclair. But the gold guru's actions cast doubt on the exploration company's fortunes.
GOLD EXPLORER TANZANIAN ROYALTY EXPLORATION HAS NO revenue, no earnings and no proven gold, as well as some accounting issues. So why do its shares trade at a premium to peers that seem to be in much better shape?
...
Thursday, April 09, 2009
20090409 1404
DOW 8,034.08 +196.97
NASDAQ 1,643.46 +52.80
SP500 849.05 +23.89
Indices are pushing highs of day.
QLD 31.61 +1.75. Sold at 31.62. Gain of 1.37 per share.
NASDAQ 1,643.46 +52.80
SP500 849.05 +23.89
Indices are pushing highs of day.
QLD 31.61 +1.75. Sold at 31.62. Gain of 1.37 per share.
20090409 1146
DOW 7,982.46 +145.35
NASDAQ 1,632.28 +41.62
SP500 843.52 +18.36
Expecting index gains to weaken later today.
EEV 32.44 -2.56. Day range 31.84 - 32.46. Short play. Went long at 32.44 to follow weakening indices.
NASDAQ 1,632.28 +41.62
SP500 843.52 +18.36
Expecting index gains to weaken later today.
EEV 32.44 -2.56. Day range 31.84 - 32.46. Short play. Went long at 32.44 to follow weakening indices.
20090409 1104
DOW 8,018.31 +181.20
NASDAQ 1,637.02 +46.36
SP500 847.87 +22.71
Indices strongly higher. This week will have lighter volume, so for the bulls we would want to see the markets close lower than where they are now instead of closing higher with lighter volume.
Looking for large index gains later next week.
The brave with tight stops can try an intra-day short now.
FAS 7.53 +1.34 (+21.65%). Sold at 7.5. Gain of .82 per share.
TNA 22.48 +2.59 (+13.02%). Sold at 22.35. Gain of 3.02 per share.
NASDAQ 1,637.02 +46.36
SP500 847.87 +22.71
Indices strongly higher. This week will have lighter volume, so for the bulls we would want to see the markets close lower than where they are now instead of closing higher with lighter volume.
Looking for large index gains later next week.
The brave with tight stops can try an intra-day short now.
FAS 7.53 +1.34 (+21.65%). Sold at 7.5. Gain of .82 per share.
TNA 22.48 +2.59 (+13.02%). Sold at 22.35. Gain of 3.02 per share.
Tuesday, April 07, 2009
20090407 PM
DOW 7,789.56 -186.29
NASDAQ 1,561.61 -45.10
SP500 815.55 -19.93
Indices backed down with lighter volume.
TNA 18.72 -2.19. Filled the gap with lighter volume.
NASDAQ 1,561.61 -45.10
SP500 815.55 -19.93
Indices backed down with lighter volume.
TNA 18.72 -2.19. Filled the gap with lighter volume.
20090407 1542
DOW 7,839.18 -136.67
NASDAQ 1,573.02 -33.69
SP500 822.26 -13.22
TNA 19.23 -1.68. Not able to push further into the gap. Went long at 19.33 for a scalp.
NASDAQ 1,573.02 -33.69
SP500 822.26 -13.22
TNA 19.23 -1.68. Not able to push further into the gap. Went long at 19.33 for a scalp.
Sunday, April 05, 2009
20090403 PM
DOW 8,017.59 +39.51. Going for 9000.
NASDAQ 1,621.87 +19.24. Strong and ready to break higher to 1800.
SP500 842.50 +8.12. Going for 945.
GLD 87.59 -1.21
SLV 12.60 -0.17
PTM 14.1666 +0.0534
ANO .75 +0.06 (+8.70%)
TGB 1.46 +0.0502. Has high volume at 6.4. Look to buy around 1.25.
TRE 4.22 -0.23 (-5.17%)
XLF 9.69 +0.38 (+4.08%)
FAS 7.20 +0.78 (+12.15%). Can test 10.
AIG 1.14 +0.0. Can retest 2.
EEE 1.153 -0.247 (-17.64%)
URE 3.23 +0.49 (+17.88%)
QLD 30.62 +1.08. Bought at 30.25 today.
SRS 38.10 -8.20 (17.71%). All-time (multi-year) low with increasing volume. UltraShort Real Estate ProShares
Long-term potential buys to research:
L 23.49 +0.44. 1% dividend. LOEWS CORP
ROK 24.30 +0.39. 4.8% dividend. ROCKWELL AUTOMATION
Mid-term potential buys to research:
YRCW 5.66 -0.22.
NASDAQ 1,621.87 +19.24. Strong and ready to break higher to 1800.
SP500 842.50 +8.12. Going for 945.
GLD 87.59 -1.21
SLV 12.60 -0.17
PTM 14.1666 +0.0534
ANO .75 +0.06 (+8.70%)
TGB 1.46 +0.0502. Has high volume at 6.4. Look to buy around 1.25.
TRE 4.22 -0.23 (-5.17%)
XLF 9.69 +0.38 (+4.08%)
FAS 7.20 +0.78 (+12.15%). Can test 10.
AIG 1.14 +0.0. Can retest 2.
EEE 1.153 -0.247 (-17.64%)
URE 3.23 +0.49 (+17.88%)
QLD 30.62 +1.08. Bought at 30.25 today.
SRS 38.10 -8.20 (17.71%). All-time (multi-year) low with increasing volume. UltraShort Real Estate ProShares
Long-term potential buys to research:
L 23.49 +0.44. 1% dividend. LOEWS CORP
ROK 24.30 +0.39. 4.8% dividend. ROCKWELL AUTOMATION
Mid-term potential buys to research:
YRCW 5.66 -0.22.
Friday, April 03, 2009
20090403 1205
DOW 7,962.79 -15.29
NASDAQ 1,607.83 +5.20
SP500 834.42 +0.04
The small sell-off this morning is a buying opportunity.
QLD 30.23 +0.69. Started small position at 30.25.
URE 2.85 +0.11. Stay long.
NASDAQ 1,607.83 +5.20
SP500 834.42 +0.04
The small sell-off this morning is a buying opportunity.
QLD 30.23 +0.69. Started small position at 30.25.
URE 2.85 +0.11. Stay long.
20090402 PM
DJIndustrials 7978.08 +216.48
Nasdaq 1602.63 +51.03
SP500 834.38 +23.30
CBOE Volatility VIX 42.04 -0.24
Gold and silver pulled back, while copper and platinum were up.
DIG Gapped up and stayed up. Sold at 24.81. Closed at 24.04.
Nasdaq 1602.63 +51.03
SP500 834.38 +23.30
CBOE Volatility VIX 42.04 -0.24
Gold and silver pulled back, while copper and platinum were up.
DIG Gapped up and stayed up. Sold at 24.81. Closed at 24.04.
Thursday, April 02, 2009
20090402 1234
DOW 8,073.18 +311.58
NASDAQ 1,623.03 +71.43
SP500 845.31 +34.23
Congress modifies (eliminates) mark-to-market accounting for financials. This will allow less reserves and companies that are not possible to value.
GLD 88.67 -2.36
DIG 24.82 +2.40. Today up 10% and up since this was recently bought. Sold at 24.81 for gain. Taking profits.
WASHINGTON (MarketWatch) -- The only thing worse than bankers making up accounting rules is members of Congress making them up.
Repeating its blunder from the 1994 battle over stock options, the staid Financial Accounting Standards Board has buckled to political pressure demanding that it change accounting rules. The FASB voted Thursday to ease the interpretation of rules requiring banks and other big institutions to value their assets on a reasonable basis.
NASDAQ 1,623.03 +71.43
SP500 845.31 +34.23
Congress modifies (eliminates) mark-to-market accounting for financials. This will allow less reserves and companies that are not possible to value.
GLD 88.67 -2.36
DIG 24.82 +2.40. Today up 10% and up since this was recently bought. Sold at 24.81 for gain. Taking profits.
WASHINGTON (MarketWatch) -- The only thing worse than bankers making up accounting rules is members of Congress making them up.
Repeating its blunder from the 1994 battle over stock options, the staid Financial Accounting Standards Board has buckled to political pressure demanding that it change accounting rules. The FASB voted Thursday to ease the interpretation of rules requiring banks and other big institutions to value their assets on a reasonable basis.
Wednesday, April 01, 2009
20090401 PM
DOW 7,761.60 +152.68
NASDAQ 1,551.60 +23.01
SP500 811.08 +13.21
Indices gapped down and worked higher to close positive. Strong showing today.
GLD 91.03 +0.75
SLV 12.84 +0.05
PTM 13.932 +0.142
APL 4.55 +0.63 (+16.07%)
DIG 22.42 +0.96
EEE 1.36 -0.032
FAS 5.94 +0.44
URE 2.41 -0.04
VMW 26.12 +2.50 (+10.58%)
XLE 43.36 +0.90
FXI 29.22 +0.69. ISHARES TR FTSE XNHUA IDX. 52 week range 19.35 - 54.99.
ZYXI 0.50 -0.65 (-56.52%). Downward revision of several quarteers of results. Admit they won't be listing on AMEX.
Miners:
AEM 57.86 +0.94
ANO 0.68 +0.04 (+6.25%)
GOLD 56.89 +2.54 (+4.67%). 52 week range 22.28 - 56.89.
TRE 4.56 +0.14
NASDAQ 1,551.60 +23.01
SP500 811.08 +13.21
Indices gapped down and worked higher to close positive. Strong showing today.
GLD 91.03 +0.75
SLV 12.84 +0.05
PTM 13.932 +0.142
APL 4.55 +0.63 (+16.07%)
DIG 22.42 +0.96
EEE 1.36 -0.032
FAS 5.94 +0.44
URE 2.41 -0.04
VMW 26.12 +2.50 (+10.58%)
XLE 43.36 +0.90
FXI 29.22 +0.69. ISHARES TR FTSE XNHUA IDX. 52 week range 19.35 - 54.99.
ZYXI 0.50 -0.65 (-56.52%). Downward revision of several quarteers of results. Admit they won't be listing on AMEX.
Miners:
AEM 57.86 +0.94
ANO 0.68 +0.04 (+6.25%)
GOLD 56.89 +2.54 (+4.67%). 52 week range 22.28 - 56.89.
TRE 4.56 +0.14
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