20090930 PM

Dow 9,712.28 -29.92
Nasdaq 2,122.42 -1.62
SP500 1,057.08 -3.53
30-yrBond 4.048% -0.025

GLD 98.85 +1.42
SLV 16.38 +0.49
PTM 15.61 +0.2801

XLE 53.92 -0.35
XLF 14.94 -0.07

FXP 9.80 +0.22
RBY 4.16 +0.07

EXK 2.80 +0.06. Went long at 2.82.
GBG 1.53 +0.09

200909229 PM

Dow 9,742.20 -47.16
Nasdaq 2,124.04 -6.70
SP500 1,060.61 -2.37
30-yrBond 4.023% -0.022

Sideways action. End of month and end of quarter window dressing this week.

GLD 97.41 +0.36
SLV 15.89 -0.02
PTM 15.24 -0.21

XLE 54.27 -0.15
XLF 15.01 -0.07

ANO 0.85 +0.06
FXP 9.57 +0.01
RBY 4.08 +0.10

EXK 2.74 +0.20

20090928 PM

Dow 9,789.36 124.17
Nasdaq 2,130.74 39.82
SP500 1,062.98 18.60
Indices opened slightly higher, ramped higher over several highers, and closed near highs of day.
Dollar closed above 77.11 at 77.2, with metals and indices also closing higher.

GLD 97.05 +0.05
SLV 15.91 +0.17
PTM 15.45 +0.00

XLE 54.42 +0.86
XLF 15.08 +0.49

ANO 0.79 +0.00
FXP 9.56 -0.08
RBY 3.98 +0.00

CNSL 15.94 +0.31. Intraday 52 week high at 15.95.
EXK 2.54 +0.05
KOG 2.36 +0.19
RIMM 66.44 -2.47

20090925 Weekend

Dow 9,665.19 -42.25
Nasdaq 2,090.92 -16.69
SP500 1,044.38 -6.40
10-YrBond3.33% -0.0520
Dollar index closed below 77.11, at 76.8.
We may see a bounce in the indices early next week.

GLD 97.05 -0.50
SLV 15.75 -0.24
PTM 15.32 -0.28

XLE 53.59 -0.04
XLF 14.60 -0.13

FXP 9.62 -0.03
RBY 3.99 -0.01

RIMM 68.91 -14.15. In one day, went back to prices from April.

20090924 PM

Dow 9,707.44 -41.11
Nasdaq 2,107.61 -23.81
SP500 1,050.78 -10.09
10-YrBond 3.38% -0.0370
Indices opened up and quickly went lower.
Miner equities went down with volume.
Consider short scalp of metals if they bounce in the morning.
Watch how the dollar acts at 77.11.

GLD 97.48 -1.35
SLV 15.99 -0.55
PTM 15.57 -0.40

XLE 53.60 -0.81
XLF 14.73 -0.30

ANO 0.7990 -0.0012
FXP 9.67 +0.50
RBY 3.97 -0.10. Day range 3.86 - 4.11. Had considered selling part of this long, though it held up okay so am staying long.

GNCMA 6.89 -0.04.
PALM 16.16 -0.80. Can short a bounce.

20090923 PM

Dow 9,748.55 -81.32
Nasdaq 2,131.42 -14.88
SP500 1,060.87 -10.79
10-YrBond 3.42% -0.0380

GLD 98.87 -0.80
SLV 16.56 -0.32
PTM 16.09 -0.09

After Fed announcement, indices quickly ran higher with light volume then pulled back even quicker. The Fed statement says they are going to withdraw pushing money into the markets, so downside is near. Dollar showed strength when market indices fell (or did the dollar strength pulled market indices lower). Watch how volume comes in to the downside the next few days.
The Committee will gradually slow the pace of these purchases in order to promote a smooth transition in markets and anticipates that they will be executed by the end of the first quarter of 2010.

XLE 54.44 -1.13
XLF 15.06 -0.28

ANO 0.81 -0.03
RBY 3.90 -0.28
FXP 9.17 +0.33

20090921 PM

Dow 9,778.86 -41.34
Nasdaq 2,138.04 +5.18
SP500 1,064.66 -3.64
30-yrBond 4.245% +0.014
Sideways day-after-option-expiry. Metal equities opened lower and move higher during the day to close with 1% losses.
The US Dollar continues to bump into 77.11 and continues to be repelled.

GLD 98.36 -0.31
SLV 16.54 -0.16
PTM 15.88 -0.32

XLE 54.71 -0.47
XLF 15.00 -0.14

ANO 0.8178 -0.0202
FXP 8.98 +0.24
RBY 4.0699 -0.1201

As expected, a means of standardized trading of non-standardized contracts has not been found. This issue is quietly being ignored, as long as the Fed and Treasury continue to bail out the contracts trough AIG. They are buying time, though the problem is not going away - the problem is being shifted onto the taxpayer.

CME abandons plan to trade OTC derivatives
Posted by Stacy-Marie Ishmael on Sep 18 20:03.

In a not entirely unexpected move, CME - the world’s biggest futures exchange by volume - and Citadel abandoned their joint effort to set up a trading platform for credit derivatives. ...

20090915 PM

Dow 9,683.41 +56.61
Nasdaq 2,102.64 +10.86
SP500 1,052.63 +3.29
30-yrBond 4.262% +0.047
Option expiry this weekend.

GLD 98.90 +0.94
SLV 16.78 +0.47
PTM 15.9979 +0.2026

XLE 54.54 +0.54
XLF 14.75 +0.03

ANO 0.91 0.00. Light volume. Recently had heavier volume on up days, so may be basing here to break higher.
FXP 9.23 +0.02
RBY 4.05 +0.06. 52 week high.

KOG 2.35 +0.20 (9.30%). 52 week high with good volume.
SRS 9.82 -0.39. 52 week low with good volume.

20090914 PM, EAS.V

Dow 9,626.80 +21.39
Nasdaq 2,091.78 +10.88
SP500 1,049.34 +6.61
30-yrBond 4.215% +0.04

GLD 97.96 -0.82
SLV 16.31 -0.19
PTM 15.7953 -0.1247

XLE 54.00 +0.40
XLF 14.72 +0.19

ANO 0.91 0.00
FXP 9.21 -0.02
RBY 3.99 +0.29. Intraday 52 week high. Announced positive fundamentals of high grade gold drilling results.

EAS.V 2.35 CAD +0.00. 52 week range 52 week range 0.12 - 3.10. East Asia Minerals

20090911 Weekend

Dow 9,605.41 -22.07
Nasdaq 2,080.90 -3.12
SP500 1,042.73 -1.41
10-YrBond 3.34% +0.0010
Metals continue higher, and gold made the highest weekly close ever.

GLD 98.78 +1.08
SLV 16.50 +0.09
PTM 15.92 +0.41

XLE 53.60 +0.21
XLF 14.53 -0.09

ANO 0.91 +0.01
FXP 9.23 +0.08
RBY 3.70 -0.01. Looks to be setting up for additional gains.

GSS 3.35 +0.19. Intraday made 52 week high.
SLW 12.54 +0.31
TRE 3.29 +0.02

20090910 PM

Dow 9,627.48 +80.26
Nasdaq 2,084.02 +23.63
SP500 1,044.14 +10.77. Closed above yearly high so can keep going higher.
30-yrBond 4.175% -0.16

GLD 97.70 +0.62
SLV 16.41 +0.35
PTM 15.51 +0.13

XLE 53.39 +0.91
XLF 14.62 +0.12

ANO 0.8989 -0.0111
FXP 9.15 -0.16
RBY 3.71 +0.26

EXK 2.72 +0.18

20090909 PM

Dow 9,547.22 +49.88
Nasdaq 2,060.39 +22.62
SP500 1,033.37 +7.98
10-YrBond 3.48% +0.01
Again the dollar went lower, though metals were also a little lower after being higher.
Quite a few equity charts are showing triple tops (some with lighter volume and failing).

GLD 97.32 -0.11
SLV 16.04 -0.11
PTM 15.46 -0.12

XLE 52.39 +0.03
XLF 14.50 +0.22

ANO 0.9190 +0.0173
FXP 9.33 +0.05
RBY 3.41 -0.25

NGD 3.60 -0.07
SLW 11.65 -0.13
TRE 3.22 -0.02

IYR 40.94 +0.81. iShares Dow Jones US Real Estate

20090908 PM

Dow 9,497.34 +56.07
Nasdaq 2,037.77 +18.99
SP500 1,025.39 +8.99
10-YrBond 3.47% +0.0270
Over the long weekend Europe and Asia were higher. Indices gapped up, consolidated, and closed near day highs. With world markets having been higher and the US showing only slight gains, a lower close Wednesday is anticipated.
Dollar was lower and metals and energy were higher. Metals opened higher, though gave up much of the opening higher prices. Gold futures traded above 1000. Some miners had considerably higher prices in the morning only to close slightly lower.

GLD 97.70 +0.17
SLV 16.14 +0.17
PTM 15.53 +0.28

XLE 52.30 +1.34
XLF 14.29 +0.07

ANO 0.91 -0.04
FXP 9.27 -0.58
RBY 3.66 -0.03. Day range 3.55 - 4.00. New 52 week high.

ABX 39.30 -0.74. Barrick Announces Plan to Eliminate Gold Hedges
NGD 3.67 -0.07
SLW 11.78 +0.19
TRE 3.24 -0.12

20090904 Weekend

DOW 9441.27 +96.66
Nasdaq 2,018.78 35.58
SP500 1016.40 +13.16
10Yr.T-Note 3.442% +1.14

GLD 97.529 +0.069
SLV 15.97 +0.10
PTM 15.25 +0.07

XLE 50.959 +0.70
XLF 14.22 +0.16


During a speech Monday, Dallas Federal Reserve Bank President Richard Fisher said roughly "maybe we will and maybe we won't". Maybe they can and probably they can't.

Fed's Fisher sees near-term strength for economy
"You have to feel it. You have to walk through a river feeling the stones underneath your feet," he said. "We have to be forceful, or we may have to be gradual. It depends on the circumstances."


Free money!

Negative interest rate to boost growth: Riksbank
Sweden's central bank has taken the unusual step of keeping its fixed interest rates pegged below zero in a bid to stimulate the economy. ...

20090903 PM

Dow 9,344.61 +63.94
Nasdaq 1,983.20 +16.13
SP500 1,003.24 +8.49. Looking for 975 then 950.
10-YrBond 3.33% +0.0330
Indices slightly higher on dramatically lighter volume.

GLD 97.37 +1.18. Needs more volume to sustain a move above 1000. If it tests 1000 on Friday, consider closing any long position. If on Friday gold stagnates or is slightly lower, consider adding to longs.
SLV 15.87 +0.65. Day range 15.42 - 16.02.
PTM 15.17 +0.28

XLE 50.20 +0.29
XLF 14.12 +0.33

ANO 0.942 -0.008
FXP 10.67 -0.50
RBY 3.58 +0.13
SDS 45.22 -0.74

20090303 1223

DJIA 9,309.54 +28.87
Nasdaq 1,974.88 +7.81
SP500 998.37 +3.62
Indices marginally higher with lighter volume than past couple days.

ANO 0.9501 +0.0001
FXP 10.81 -0.36
RBY 3.738 +0.288
SDS 45.622 -0.338

HMY 10.42 +0.41
NGD 3.6899 +0.1399
SLW 11.399 +0.509
TRE 3.44 +0.04

20090903 1022

DJIA 9,269.56 -11.11
NASDAQ 1,962.28 -4.79
SP500 993.98 -0.77
Dip-buyers opened the markets higher, and after twenty minutes the markets quickly gave up the gains. Right now the markets are going nowhere but down and there is no reason to try do buy dips.
Metals are up.

SDS 45.98 +0.02. Started small long position at 45.92. A better buy would have been the first few minutes of trading (around 45.5).

20090902 PM

Dow 9,280.67 -29.93
Nasdaq 1,967.07 -1.82
SP500 994.75 -3.29
10-YrBond 3.30% -0.08

Metals made a huge move up, and the metal equities launched higher with volume. A gold close over 994 with volume will indicate 1250 can be quickly tested.

GLD 96.19 +2.29
SLV 15.21 +0.45
PTM 14.81 +0.08

XLE 49.94 -0.34
XLF 13.79 -0.12

ANO 0.95 +0.10
RBY 3.45 +0.50. Massive volume, all time high, 16.95% day gain. Looking to go to 5.

FXP 11.19 -0.24

HMY 10.01 +0.98. For those chasing momentum, possible short term buy here.
NGD 3.55 +0.29
SLW 10.89 +1.10
TRE 3.36 +0.36

SRS 13.10 +0.46

20090101 PM

Dow 9,310.60 -185.68
Nasdaq 1,968.89 -40.17
SP500 998.04 -22.58
10-YrBond 3.375% -0.026
Indices were moderately higher for the first hour, then sold off with volume. With volume off the highs, a larger correction is being indicated.

GLD 93.90 +0.50
SLV 14.76 +0.14
PTM 14.73 -0.15

XLE 50.28 -0.89
XLF 13.91 -0.79

FXP 11.43 +0.51
RBY 2.95 -0.10