20090722 PM

DJIA 8,881.26 -34.68
NASDAQ 1,926.38 +10.18
SP500 954.07 -0.51

GLD 93.44 +0.31
SLV 13.45 +0.12
PTM 14.26 +0.11

XLE 49.27 -0.44
XLF 12.14 +0.01

FAZ 41.85 +0.01
RBY 2.99 +0.02
TRE 3.25 +0.14

20090722 1034

DJIA 8,911.18 -4.76
NASDAQ 1,918.00 +1.80
SP500 952.83 -1.75
Looking for significant price action starting today.
Am now nearly as short as I wanted to be. The market has been slowly rolling over with the non-heavily-weighted-index components showing weakness.

FAZ 43.44 +1.60. Bought at 43.4.

20090721 PM

Dow 8,915.94 +67.79
Nasdaq 1,916.20 +6.91
SP500 954.58 +3.45. Day range 943.22 - 956.53. Tested the June 11th 956.
30yrBond 4.373% -0.093
Historically long solar eclipse will be visible in Asia and nearby areas.

GLD 93.13 -0.15
SLV 13.33 -0.12
PTM 14.15 -0.15

XLE 49.71 +0.43
XLF 12.13 -0.11

HAO 22.96 +0.11
KBE 17.88 -0.50. Down on light volume. SPDR KBW Bank

20090720 PM

DJIA 8,848.15 +104.21
NASDAQ 1,909.29 +22.68
SP500 951.13 +10.75. Going into highs from early June. Look for June 11th 956 tomorrow.
Indices ramped up into the close to close near high of day.

GLD 93.28 +1.35
SLV 13.45 +0.28
PTM 14.30 +0.18

XLE 49.28 +0.83
XLF 12.24 +0.10

TZA 19.85 -0.79. Started 1/2 position at 20.35.

20090717 Weekend

DOW 8,743.94 +32.12
NASDAQ 1,886.61 +1.58. Relatively strong.
SP500 940.38 -0.36
Big up week for indices. For the day, indices flat on light volume on option expirations.
Eclipse on Wednesday. Art Cashin said this to CNBC, "We've got things cooking on the 21st and 22nd that I want to take a look at." Cashin didn't specify what events he's awaiting, but joked, "Not the least is a major solar eclipse. We'll have to see if that changes the ionization in the upper atmosphere."

XLE 48.45 +0.28
XLF 12.14 -0.08

SRS 19.40 +0.80. Bought the other 1/2 position at 19.25.

DDRX 18.58 -0.20. 52 week range 0.21 - 24.65. Everybody wants to short this and supposedly shorts are being called in.
KRE 18.11 -0.78. Regional banking index is heading lower with volume.

20090716 PM

DJIA 8,711.82 95.61
NASDAQ 1,885.03 22.13
SP500 940.74 +8.06
Indices can go tomorrow higher into option expiry and will likely fail. Looking to be fully short by next Thursday.

GLD 91.98 -0.26
SLV 13.09 +0.03
PTM 14.00 -0.07

XLE 48.17 +0.58. Nearly ready to short.
XLF 12.22 -0.04. Relative weakness as it couldn't get moving higher.

GBG 1.42 +0.03. Bought at 1.38.
SRS 18.60 -0.40. Started 1/2 position long at 19.42. Huge negative for housing prices.

IWM 52.10 +0.64.
UNG 13.14 +0.88. Way beyond net asset value.

20090715 PM

DOW 8,616.21 +256.72
NASDAQ 1,862.90 +63.17
SP500 932.68 +26.84
Indices gapped higher and climbed all day to close at highs of day. Look for further gains Thursday.
Options expiry this weekend.
Metals and miners were up.

GLD 92.22 +1.41
SLV 13.06 +0.34
PTM 14.05 +0.24

DUG 18.96 -1.35
XLE 47.65 +1.69

FAZ 41.60 -5.24
XLF 12.26 +0.50. Can go another .5 to 1 higher.

GDX 38.30 +1.54
GBG 1.39 +0.07

20090714 PM, Indonesia

DOW 8,359.49 +27.81
NASDAQ 1,799.73 +6.52
SP500 905.84 +4.79
Waiting a couple more days for higher prices to load up shorts. Intel is trading higher after hours, so expecting higher open in the morning. If the higher prices don't hold, look for the selling to resume.
Trying to buy more miners.

GLD 90.81 +0.62
SLV 12.72 +0.06
PTM 13.65 +0.17

XLE 45.96 +0.61
XLF 11.76 -0.05

GS 149.66 +0.22
DELL 11.97 -1.05. Apparently their financing of sales is showing problems with customers paying the financing.

GBG 1.32 +0.05
NGD 2.66 +0.10
TRE 2.94 +0.03

Indonesia stocks trading in US as ADRs, from Barron's June 27, page M7:
TLK 31.77 +0.38
IIT 26.02 +0.15

20090713 PM

DOW 8,331.68 +185.16
NASDAQ 1,793.21 +37.18
SP500 901.05 +21.92
Indices went lower in the morning, then moved higher and kept going higher with a strong close near/at the daily highs. This oversold recovery day was anticipated, and Government Sachs earnings are Tuesday.
Looking at purchasing more miners.

GLD 90.19 +0.61
SLV 12.65 +0.15
PTM 13.41 +0.16

XLE 45.35 +0.68
XLF 11.81 +0.71

BGU 31.55 +2.09
BGZ 37.17 -2.89
FXP 13.14 +0.15
FAZ 46.77 -9.58

AIG 14.57 +2.83
DRYS 5.26 -0.01
NFLX 42.19 +2.12. Good volume.

20090712 1551

DOW 8,313.31 +166.79
NASDAQ 1,788.90 +32.87
SP500 898.88 +19.75

BGU 31.44 +1.98. Sold at 31.51 to take intraday profits of 2.01 per share. May be leaving some profit on the table for those who want to hold overnight.

DRYS 5.24 -0.03. Relative weakness. Consider shorting before the close.

20090713 0955

DOW 8,158.53 +12.01
NASDAQ 1,740.74 -15.29
SP500 879.43 +0.30

Orient was down last night. US markets, after being down last week, may be ready to bounce (on lighter volume) with earnings starting this week. Looking for higher indices at end of this week, though indices are now heading lower.
Government Sachs "earnings" Tuesday.

FXP 13.66 +0.67. Sold at 13.5 for 3.91 per share loss on tiny position.
BGU 29.47 +0.01. Stepped back in with 1/2 position long at 29.98.

20090710 Weekend

DOW 8146.52 -36.65
NASDAQ 1756.03 +3.48
SP500 879.13 -3.55
10YrTNote 3.295% -1.18

Number of lows are increasing.
First half earnings begin to report next week.
Freight traffic continues to decline, which is fundamentally negative.

GLD 89.58 +0.07
SLV 12.50 -0.17
PTM 13.25 -0.13

XLE 44.67 -0.32
XLF 11.10 -0.15

FXP 12.99 +0.16. Bought at 12.99. Up volume coming up. Upside to 35.3.
NNN 16.11 -0.10. Shorted at average price of 16.18. Commercial real estate owner.

BGU 29.46 -0.19. Closed long for about .5 per share loss.
GS 141.87 -1.34. Scheduled to announce earnings Tuesday. Probably don't want to be short in front of Government Sach's earnings (stealings).

20090709 1220

DOW 8,187.10 +8.69. Looks to test 8200.
NASDAQ 1,757.98 +10.81
SP500 884.26 +4.70

Indices ready to push higher. Base metals higher.

GMO 1.84 +0.09. Base metal miner.

20090709 1046

DOW 8,177.35 -1.06
NASDAQ 1,752.57 +5.40
SP500 882.37 +2.81

Indices and metals having small bounce.
Crude oil continues to sell off. May see 45 soon.

BGU 29.75 +0.19. Sold part of the long position at 29.95 for .32 per share gain. Bought additional shares at 29.85.

20090708 1546

DOW 8,184.68 +21.08
NASDAQ 1,751.13 +4.96
SP500 880.09 -0.94

Indices moving higher for closing thirty minutes.
The trailing stops on the short positions today showed their value.

BGU 29.64 +0.08. Bought at 29.69 for scalp.

20090708 1512

DOW 8,140.47 -23.13
NASDAQ 1,740.30 -5.87
SP500 875.43 -5.60

PSQ 59.15 -0.05. Tight trailing stop closed position for .04 per share loss.

20090708 1349

DOW 8,145.76 -17.84
NASDAQ 1,740.56 -5.61
SP500 876.28 -4.75

PSQ 59.14 -0.06. Bought at 59.15. Not as much volume as other ETFs, so may not get price execution. Trying this to see how it goes.

20090708 1313

DOW 8,135.86 -27.74
NASDAQ 1,736.38 -9.79
SP500 874.59 -6.44

BGZ 40.71 +0.85. Trailing stop sold at 40.89 for 1.86 per share gain.
TZA 27.18 +1.32. Trailing stop sold at 27.32 for .51 per share intraday gain.

20090708 1253

DOW 8,120.82 -42.78
NASDAQ 1,733.49 -12.68
SP500 872.81 -8.22

Indices appear to be attempting to stage a rebound. Tight stops on 3x bear positions. Financials look to have further weakness. Maybe the techs can provide upside movement?

FCX 43.98 -1.01. Covered overnight short at 44 for 1.38 per share gain.

20090708 1114

DOW 8,153.70 -9.90
NASDAQ 1,738.73 -7.44
SP500 878.34 -2.69.

Critical point at 877 for those long the S&P. If this price doesn't hold, there will be a waterfall of price destruction.

20090708 1106

DOW 8,167.75 +4.15
NASDAQ 1,741.83 -4.34
SP500 880.04 -0.99

SSO 23.91 +0.03. Incorrectly started this as a long position, so closed it out quickly for .12 per share loss. Want to be short the indices, not long so looking at TZA.

20090708 1050

DOW 8,189.97 +26.37
NASDAQ 1,748.51 +2.34
SP500 882.87 +1.84

SSO 24.10 +0.22. Started day trade at 24.04.
RBY 2.56 -0.27. Volume is coming in on the downside, and price spread is higher than usual. Getting stopped out of some of this long position for .64 per share loss. Redeploying some of the money into short instruments.

20090707 PM

DOW 8,163.60 -161.27
NASDAQ 1,746.17 -41.23
SP500 881.03 -17.69. Looks to break support tomorrow. If support breaks, look for quick trip to 820.

Indices opened slightly lower then sold off, chopped, then sold off into close to end at low of day.

GLD 90.71 -0.05
SLV 12.89 -0.21
PTM 13.67 -0.17
XLE 44.52 -1.17
XLF 11.30 -0.18

BGZ 39.86 +2.23. Sold 1/2 the long position at 39.57 for .55 per share gain.
FCX 45 -.94. Went short at 45.38.

AIG 13.75 -2.44. Have been trying to short for a couple days, but unable to borrow shares.
AIV 8.05 -0.52
CBL 4.64 -0.45
DMM 36.47 -3.07
SMN 21.76 +1.14

20090706 PM

Dow 8,324.87 +44.13
Nasdaq 1,787.40 -9.12
SP500 898.72 +2.30

Lower prices were rejected with tiny volume.

GLD 90.76 -0.49
SLV 13.10 -0.06
PTM 13.85 -0.71

20090706 1033

DOW 8,212.27 -68.47
NASDAQ 1,770.73 -25.79
SP500 887.24 -9.18
Market indices gapped down on the open. Oil, metals, and other commodities lower.

BGU 30.39 -1.13. In morning when indices started to recove from gap down, went long at 30.95 and trailing stop closed the position at 30.93 for .02 per share loss.
BGZ 38.95 +1.39. Long at 39.02 when indices turned lower.
TZA 25.29 +1.66. Markets gapped down on open and started to recover, so closed this long (of a short equity) at 24.16 for .4 per share loss and then went long BGU.

CBL 4.97 -0.09. Short opportunity this morning when it briefly was positive.
SMN 21.39 +1.52

20090702 Weekend, Housing ETF

Dow 8,280.74 -223.32
Nasdaq 1,796.52 -49.20
SP500 896.42 -26.91
30yrBond 4.3170% -0.0300
10yrT-Note 3.495% -0.49
NYSE stayed open 15 minutes late. Did Government Sachs need more time to do the Treasury's and Fed's bidding?
GLD 91.25 -1.14
SLV 13.16 -0.39
PTM 14.56 +0.01

Short week with US markets closed on Friday.
Unemployment report had larger than expected job losses.
Looking for light volume Monday, and lower prices with more volume on Tue/Wed.

DRYS 5.44 -0.24. Covered short today.

CBL 5.06 -0.55. Short it, now!
SMN 19.87 +0.97
WLL 33.26 -2.15

DMM 31.86 +0.89. MacroShares Major Metro Housing Down. 3x leverage.
UMM 18.17 -1.65. MacroShares Major Metro Housing Up. 3x leverage.
Up and Down do not invest directly in a relevant underlying asset such as stocks, bonds, or houses. Instead, they invest in short-term Treasury securities and overnight repurchase agreements. The paired trusts have a binding agreement to pledge assets to one another over time, according to a predetermined formula that is driven by changes in the housing index, based on the movement of housing prices. This transfer of value back and forth gives "investors" exposure to the direction of U.S. home prices.

The structure resembles a see-saw as the assets are shuffled between the paired trusts. Because of the pairing requirement, an equal number of shares for each fund will be created. Because of the leverage factor, the Up and Down ETFs will experience changes of 3x the changes in the S&P/Case-Shiller Composite-10 Home Price Index. ... They are vehicles for naked gambling. Just bet up or down (black or red). You have a 50% chance of winning.

20090701 PM

DOW 8,504.06 +57.06
NASDAQ 1,845.72 +10.68
SP500 923.33 +4.01
Indices opened higher, move higher, then gave back the lunch hour gains to close near the open prices. Light volume.
First day of the 2nd half of the year, so window dressing is over. Indications are the employment report will be bad tomorrow. Expect light volume until Tuesday. Next Tuesday/Wednesday could see some selling.
GLD 92.39 +1.21
SLV 13.55 +0.17
PTM 14.55 +0.34

RBY 3.06 +0.09
TRE 3.13 +0.21

MYGN 26.02 -9.63 (27.01%). This equity had huge downside volume a few days ago. Trading on non-public information.