Friday, May 15, 2009

20090515 1448

DOW 8,242.20 -89.12
NASDAQ 1,679.74 -9.47
SP500 880.43 -12.64
Indices bumping daily lows. Trend is down. Options expiry weekend. Will stay short over the weekend.
GLD 91.37 +0.34
SLV 13.7791 -0.0709
PTM 13.45 +0.0824

F 5.375 +0.215. In an effort to reduce long exposure, will allow the covered calls to have the stock taken at 5 this weekend.

XLF 11.48 -0.29
SRS 25.1195 +2.1895. Broke the downtrend.

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