Sunday, July 12, 2009

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).

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