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.

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