Dow 9,496.28 -47.92
Nasdaq 2,009.06 -19.71
SP500 1,020.62 -8.31
30-yrBond 4.181% -0.027
GLD 93.40 -0.47
SLV 14.62 +0.12
PTM 14.88 -0.07
XLE 51.17 -1.01
XLF 14.70 -0.05
FXP 10.92 +0.32
RBY 3.05 -0.00
Monday, August 31, 2009
Sunday, August 30, 2009
20090828 Weekend
Dow 9,544.20 -36.43
Nasdaq 2,028.77 +1.04
SP500 1,028.93 -2.05. Index futures before the market open were up big, but the cash market at the open was only up a little. SP500 P/E Ratio 143.95 is astoundingly high.
30-yrBond 4.208% -0.022
Supposedly Canada will issue US dollar-denominated bonds. This will support the US dollar.
GLD 93.87 +0.68
SLV 14.50 +0.42
PTM 14.95 +0.02
XLE 52.18 -0.11
XLF 14.75 +0.02
FXP 10.60 +0.23
Nasdaq 2,028.77 +1.04
SP500 1,028.93 -2.05. Index futures before the market open were up big, but the cash market at the open was only up a little. SP500 P/E Ratio 143.95 is astoundingly high.
30-yrBond 4.208% -0.022
Supposedly Canada will issue US dollar-denominated bonds. This will support the US dollar.
GLD 93.87 +0.68
SLV 14.50 +0.42
PTM 14.95 +0.02
XLE 52.18 -0.11
XLF 14.75 +0.02
FXP 10.60 +0.23
Monday, August 24, 2009
20090824 PM
Dow 9,509.28 +3.32
Nasdaq 2,017.98 -2.92
SP500 1,025.57 -0.56
30-yrBond 4.288% -0.071
Indices gapped up with lighter volume and closed mixed.
Important one-line Bloomberg article. The Federal Reserve must make public reports about recipients of emergency loans from U.S. taxpayers under programs created to address the financial crisis, a federal judge ruled. The Federal Reserve is a private banking cartel that was authorized by Congress in 1913 to set monetary policy. The Fed has limited oversight and has been making fiscal policy and providing loans that are contrary to the Fed's charter. It is time to allow for a full audit of the Fed.
A new Rasmussen Reports national telephone survey finds that 75% of Americans favor auditing the Federal Reserve and making the results available to the public.
GLD 92.34 -1.31
SLV 13.90 -0.02
PTM 14.94 -0.11
XLE 53.02 +0.67
XLF 14.43 -0.11
FXP 10.31 +0.18
RBY 3.099 +0.08
SLW 10.04 +0.13
TRE 2.92 +0
Nasdaq 2,017.98 -2.92
SP500 1,025.57 -0.56
30-yrBond 4.288% -0.071
Indices gapped up with lighter volume and closed mixed.
Important one-line Bloomberg article. The Federal Reserve must make public reports about recipients of emergency loans from U.S. taxpayers under programs created to address the financial crisis, a federal judge ruled. The Federal Reserve is a private banking cartel that was authorized by Congress in 1913 to set monetary policy. The Fed has limited oversight and has been making fiscal policy and providing loans that are contrary to the Fed's charter. It is time to allow for a full audit of the Fed.
A new Rasmussen Reports national telephone survey finds that 75% of Americans favor auditing the Federal Reserve and making the results available to the public.
GLD 92.34 -1.31
SLV 13.90 -0.02
PTM 14.94 -0.11
XLE 53.02 +0.67
XLF 14.43 -0.11
FXP 10.31 +0.18
RBY 3.099 +0.08
SLW 10.04 +0.13
TRE 2.92 +0
Wednesday, August 19, 2009
20090819 PM
Dow 9,279.16 +61.22
Nasdaq 1,969.24 +13.32
SP500 996.46 +6.79
30-yrBond 4.2940% -0.0710
GLD 92.53 +0.47
SLV 13.57 -0.15
PTM 14.90 +0.17
XLE 50.48 +0.92
XLF 13.91 -0.01
FXP 10.50 -0.06
RBY 2.94 +0.32. Higher with big volume on news. Looks like a takeover candidate.
LEAP 16.10 -0.65. Keeps sinking lower. Apparently no hope here.
Nasdaq 1,969.24 +13.32
SP500 996.46 +6.79
30-yrBond 4.2940% -0.0710
GLD 92.53 +0.47
SLV 13.57 -0.15
PTM 14.90 +0.17
XLE 50.48 +0.92
XLF 13.91 -0.01
FXP 10.50 -0.06
RBY 2.94 +0.32. Higher with big volume on news. Looks like a takeover candidate.
LEAP 16.10 -0.65. Keeps sinking lower. Apparently no hope here.
Tuesday, August 18, 2009
20090818 PM
Dow 9,217.94 +82.60
Nasdaq 1,955.92 +25.08
SP500 989.67 +9.94
30-yrBond 4.365% +0.017
Indices did oversold bounce on lighter volume, working through the B-C to set up a larger C-D down.
GLD 92.06 +0.45
SLV 13.72 -0.03
PTM 14.72 +0.04
XLE 49.56 +0.49
XLF 13.92 +0.28
FXP 10.56 -0.48
LEAP 16.75 -0.29. 52 week range 14.18 - 48.98.
Nasdaq 1,955.92 +25.08
SP500 989.67 +9.94
30-yrBond 4.365% +0.017
Indices did oversold bounce on lighter volume, working through the B-C to set up a larger C-D down.
GLD 92.06 +0.45
SLV 13.72 -0.03
PTM 14.72 +0.04
XLE 49.56 +0.49
XLF 13.92 +0.28
FXP 10.56 -0.48
LEAP 16.75 -0.29. 52 week range 14.18 - 48.98.
Monday, August 17, 2009
20090817 PM
Dow 9,135.34 -186.06
Nasdaq 1,930.84 -54.68
SP500 979.73 -24.36
10-YrBond 3.491% -0.067
Indices gapped down and stayed near those levels all day. Mr. Stick did not appear at day end. Gap down with good volume sets up (island top with people trapped) a decent correction.
Commodities sold off. Everything other than dollar sold off.
GLD 91.61 -1.39. Look for test below 900.
SLV 13.75 -0.67
PTM 14.68 -0.62
XLE 49.07 -1.64
XLF 13.64 -0.60
FXP 11.04 +0.96
LOW 20.47 -2.36
Nasdaq 1,930.84 -54.68
SP500 979.73 -24.36
10-YrBond 3.491% -0.067
Indices gapped down and stayed near those levels all day. Mr. Stick did not appear at day end. Gap down with good volume sets up (island top with people trapped) a decent correction.
Commodities sold off. Everything other than dollar sold off.
GLD 91.61 -1.39. Look for test below 900.
SLV 13.75 -0.67
PTM 14.68 -0.62
XLE 49.07 -1.64
XLF 13.64 -0.60
FXP 11.04 +0.96
LOW 20.47 -2.36
Sunday, August 16, 2009
20090814 Weekend
Dow 9,321.40 -76.79
Nasdaq 1,985.52 -23.83
SP500 1,004.09 -8.64
10-YrBond 3.558% -0.033
Indices gapped down Friday morning, consolidated, then had a moderate recovery into the close. Mr. Stick didn't close it positive.
GLD 93.00 -0.72
SLV 14.42 -0.36
PTM 15.29 -0.00
XLE 50.71 -0.76
XLF 14.24 -0.09
FXP 10.08 +0.29. 52 week range 9.00 - 183.99. Building a base and pushing into 10. Added to long position at 10.12.
Nasdaq 1,985.52 -23.83
SP500 1,004.09 -8.64
10-YrBond 3.558% -0.033
Indices gapped down Friday morning, consolidated, then had a moderate recovery into the close. Mr. Stick didn't close it positive.
GLD 93.00 -0.72
SLV 14.42 -0.36
PTM 15.29 -0.00
XLE 50.71 -0.76
XLF 14.24 -0.09
FXP 10.08 +0.29. 52 week range 9.00 - 183.99. Building a base and pushing into 10. Added to long position at 10.12.
Thursday, August 13, 2009
20090813 PM
Dow 9,398.19 +36.58
Nasdaq 2,009.35 +10.63
SP500 1,012.73 +6.92
30-yrBond 4.42% -0.103
Indices continue to move higher on light summer volumes.
GLD 93.72 +0.77
SLV 14.79 +0.45
PTM 15.30 +0.35
XLE 51.47 +0.62
XLF 14.33 +0.29
Nasdaq 2,009.35 +10.63
SP500 1,012.73 +6.92
30-yrBond 4.42% -0.103
Indices continue to move higher on light summer volumes.
GLD 93.72 +0.77
SLV 14.79 +0.45
PTM 15.30 +0.35
XLE 51.47 +0.62
XLF 14.33 +0.29
Sunday, August 09, 2009
20090807 Weekend
The following account was levered short. Expectations were clouding actions. Should have kept stricter stops. Took this account to cash.
FAZ Sold at 24.66 for 18.74 loss. Allowed this small position to go too long and too far.
SRS Sold at 19.25 for 7.92 loss. Kept this position for much too long with too wide of a stop.
TZA Sold at 15.02 for 5.3 loss.
FAZ Sold at 24.66 for 18.74 loss. Allowed this small position to go too long and too far.
SRS Sold at 19.25 for 7.92 loss. Kept this position for much too long with too wide of a stop.
TZA Sold at 15.02 for 5.3 loss.
Thursday, August 06, 2009
20090806 PM
Dow 9,256.26 -24.71
Nasdaq 1,973.16 -19.89
SP500 997.08 -5.64
30-yrBond 4.517% -0.044
GLD 94.60 -0.18
SLV 14.32 -0.20
PTM 15.15 -0.34
XLE 50.89 -0.42
XLF 13.98 -0.10
RBY 2.78 -0.07
FXP 9.69 -0.09. Went long yesterday.
GBG 1.46 +0.07. This position sold about a week ago for a small profit.
TRE 3.19 -0.04. This position sold about a week ago for a small profit.
F 8.07 -0.37
GENZ 48.81 -0.35. 52 week low.
LEAP 22.59 -1.58. Gapped down with huge volume.
PG 51.46 -2.45. Gapped down with big volume.
Nasdaq 1,973.16 -19.89
SP500 997.08 -5.64
30-yrBond 4.517% -0.044
GLD 94.60 -0.18
SLV 14.32 -0.20
PTM 15.15 -0.34
XLE 50.89 -0.42
XLF 13.98 -0.10
RBY 2.78 -0.07
FXP 9.69 -0.09. Went long yesterday.
GBG 1.46 +0.07. This position sold about a week ago for a small profit.
TRE 3.19 -0.04. This position sold about a week ago for a small profit.
F 8.07 -0.37
GENZ 48.81 -0.35. 52 week low.
LEAP 22.59 -1.58. Gapped down with huge volume.
PG 51.46 -2.45. Gapped down with big volume.
Tuesday, August 04, 2009
20090803 PM
Dow 9,286.56 +114.95
Nasdaq 2,008.61 +30.11. Unprecedented 17th consecutive day of higher closes.
SP500 1,002.63 +15.15
30-yr Bond 4.422% +0.111
Dollar weakness continues and market indices continue higher on light volume.
GLD 93.87 +0.52
SLV 14.03 +0.33
PTM 14.98 +0.30
XLE 51.92 +1.30
XLF 13.34 +0.33
HURN 13.69 -30.66. 52 week low.
GENZ 50.38 -1.51. 52 week low.
F 8.33 +0.33. 52 week high.
Nasdaq 2,008.61 +30.11. Unprecedented 17th consecutive day of higher closes.
SP500 1,002.63 +15.15
30-yr Bond 4.422% +0.111
Dollar weakness continues and market indices continue higher on light volume.
GLD 93.87 +0.52
SLV 14.03 +0.33
PTM 14.98 +0.30
XLE 51.92 +1.30
XLF 13.34 +0.33
HURN 13.69 -30.66. 52 week low.
GENZ 50.38 -1.51. 52 week low.
F 8.33 +0.33. 52 week high.
Saturday, August 01, 2009
20090731 Weekend
Dow 9,171.61 +17.15
Nasdaq 1,978.50 -5.80
SP500 987.48 +0.73
30-yrBond 4.311% -0.139
GLD 93.35 +1.73
SLV 13.70 +0.45
PTM 14.68 +0.39
July was a big up-month for the indices.
GDP numbers were released. 2007 GDP was 2% and 2009 GDP is -4%.
Page 2 (bold is mine): The decrease in real GDP in the second quarter primarily reflected negative contributions from nonresidential fixed investment, personal consumption expenditures (PCE), residential fixed investment, private inventory investment, and exports that were partly offset by positive contributions from federal government spending and state and local government spending.
Airline passenger and cargo demand continues to drop. Airline passenger and cargo figures declined again in June with no signs of recovery in sight, according to a report Thursday from the international industry group of the world’s air carriers.
Airlines carried 7.2 percent fewer people and cargo demand was down 16.5 percent in June compared to the same period last year, according to the International Air Transport Association (IATA).
Earlier in the week the dollar was trying to bounce. Today the dollar continued to weaken pushing gold and silver higher.
Some equities are having gaps down at the open. Weighted indices are still holding up and showing green. This could spread and affect headline indices similar to what happened in 2000.
XLE 50.62 +0.49
XLF 13.01 +0.13. Near mid-May peak.
Nasdaq 1,978.50 -5.80
SP500 987.48 +0.73
30-yrBond 4.311% -0.139
GLD 93.35 +1.73
SLV 13.70 +0.45
PTM 14.68 +0.39
July was a big up-month for the indices.
GDP numbers were released. 2007 GDP was 2% and 2009 GDP is -4%.
Page 2 (bold is mine): The decrease in real GDP in the second quarter primarily reflected negative contributions from nonresidential fixed investment, personal consumption expenditures (PCE), residential fixed investment, private inventory investment, and exports that were partly offset by positive contributions from federal government spending and state and local government spending.
Airline passenger and cargo demand continues to drop. Airline passenger and cargo figures declined again in June with no signs of recovery in sight, according to a report Thursday from the international industry group of the world’s air carriers.
Airlines carried 7.2 percent fewer people and cargo demand was down 16.5 percent in June compared to the same period last year, according to the International Air Transport Association (IATA).
Earlier in the week the dollar was trying to bounce. Today the dollar continued to weaken pushing gold and silver higher.
Some equities are having gaps down at the open. Weighted indices are still holding up and showing green. This could spread and affect headline indices similar to what happened in 2000.
XLE 50.62 +0.49
XLF 13.01 +0.13. Near mid-May peak.
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