Wednesday, May 27, 2009

20090527 PM

DOW 8,300.02 -173.47
NASDAQ 1,731.08 -19.35
SP500 893.06 -17.27
Market indices opened down fractionally and quickly moved higher until 1:30PM when it started selling off. Indices sold off into the close.
Treasury bonds continue to weaken without widespread media reporting of this potential problem with federal government deficit financing.
GLD 93.45 -0.31
SLV 14.58 +0.16
PTM 13.78 -0.06

SHY 83.81 -0.02. iShares Barclays 1-3 Year Treasury Bond.
IEI 111.07 -0.43. iShares Barclays 3-7 Year Treasury Bond.
IEF 89.96 -1.03. iShares Barclays 7-10 Year Treasur Bond. Price spread with volume. Close near low of day.
TLT 90.49 -1.63. iShares Barclays 20+ Year Treasury Bond.

FXP 15.24 -0.30. 52 week range 14.45 - 183.99. Made 52 week low then started to recover.
GMO 1.79 -0.11

BGU 31.40 -1.92
DXD 50.52 +1.89

KRE 19.46 -1.15. SPDR KBW Regional Banking. Looks to test March 2009 low ~15.
XLF 11.68 -0.36. Look for drop of 2 points.

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