Thursday, July 16, 2009

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.

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