Monday, June 01, 2009

20090601 PM

DOW 8,721.44 +221.11
NASDAQ 1,828.68 +54.35
SP500 942.87 +23.73
Indices followed last two-minutes from Friday and gapped up, moved higher, and closed higher. After market closed a couple banks announced secondary stock offerings to raise money.
Bonds had big price loss again.
If indices open higher in the morning, look to get short.
GLD 95.73 -0.47
SLV 15.35 -0.12
PTM 14.78 +0.12

AGQ 54.36 -0.74. Took full long position at average price of 55.02. Looking to close this position in the morning.
GMO 2.64 +0.51
UGA 32.74 +0.57. UNITED STS GASOLINE FD LP UNITS

ABIO 5.13 -4.16
QID 32.29 -2.09. 52 week low.
SRS 17.94 -1.64. 52 week low.
TRE 4.02 +0.37. Almost filled the Barron's article gap from early April with decent volume.
XLF 12.36 +0.13. Relative weakness.

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