Wednesday, November 18, 2009

20091118 0935

Dow 10,409.30 -28.12
Nasdaq 2,195.96 -7.82
SP500 1,108.36 -1.96
30-yrBond 4.253% +0.003
Dollar 75.027 -.342. Is testing below 75.

Economic news has new home construction plunging unexpectedly. Speculation that buyer tax credit will be extended and expanded.

Indices are down only fractionally, so looking for intraday recovery and in the next couple days a retest of Monday highs.

GLD 112.51 +0.54. Another all time high.
SLV 18.40 +0.27
PTM 17.95 +0

XLE 58.68 +0.01
XLF 14.85 -0.01

DBA 26.55 +0.31
DBB 20.80 +0.06
JJC 43.46 +0.44. Look to go long near day low of 43.244.

RBY 4.23 -0.02. More relative weakness is troubling for the longs.
TRE 3.67 +0.08

No comments: