Monday, June 22, 2009

20090622 PM

DOW 8,339.01 -200.72. Going to 8200.
NASDAQ 1,766.19 -61.28. Going another 100 points lower.
SP500 893.04 -28.19. Going to 875.
Indices opened down and went lower, consolidated, and sold lower into the close. Distribution of past month now has longs trapped. Do they hang on or do they remember pain from just a few months ago and sell out now?
Commodities much lower.
GLD 90.54 -1.36
SLV 13.54 -0.45
PTM 13.93 -0.80

RBY 3.03 -0.20
TZA 25.04 +2.49. Another scalp for .24 gain intraday.

FAZ 5.44 +0.73
XLF 11.34 -0.70. Looking for two more points lower.

CME 303.48 -24.08
XLE 46.75 -2.46
WLL 32.49 -4.02

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