Tuesday, October 06, 2009

20091006 PM

Dow 9,731.25 +131.50
Nasdaq 2,103.57 +35.42
SP500 1,054.72 +14.26
10-YrBond 3.25% +0.0240

Yesterday indices went higher. Today indices gapped higher and continued higher, stalled and retraced to near the gap area, then rebounded. Dollar lower on news that Gulf states are looking to price oil in other currencies, and metals higher. Gold set an all time high, even after last weekend's WSJ article Gold Is Still a Lousy Investment that ignored the value of gold in deflationary environments.

GLD 102.13 +2.31
SLV 17.07 +0.69
PTM 15.90 +0.36

XLE 54.40 +1.28
XLF 14.92 +0.18. Lagged today.

QID 23.24 -0.86. Started 1/2 position in this double short. Looking to take other 1/2 position later this week.
EXK 3.00 +0.25 (9.09%). Big volume. 52 week high 3.29.
RBY 4.34 +0.18. 52 week high 4.45.

AAPL 190.01 +3.99
AONE 22.584 -0.686. New issue in the battery industry.
CNSL 16.83 +0.55. 52 week high.

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