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

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