Dow 10,067.33 -53.13
Nasdaq 2,147.35 -31.65
SP500 1,073.87 -10.66. Fourth down week in a row.
10YrBond 3.6090% -0.4900
Oil 72.89 -1.00
Gold 1,083.00 -1.80
In two weeks, many stock prices are back to late September 2009. World market indices don't look good.
The mining/silver buy a few days ago was correct for that day, though early on a weekly basis as metals and miners continued to sell off. Monday may be the last chance to buy at these prices, for now. Look to buy physical silver for in-hand delivery on Monday, though keep some powder dry for later in the week.
XOM 64.43 -0.53. Chart indicates trouble ahead.
XLE 54.50 -1.00. Getting near a bounce ... maybe Tuesday.
Sunday, January 31, 2010
Tuesday, January 26, 2010
20100126 1020
DJIA 10,238.20 +41.34
NASDAQ 2,214.84 +4.04
SP500 1,098.83 +2.05
Dollar strength with lower metals prices. Fed is meeting the next couple days.
AGQ 54.16 -3.30. ProShares Ultra Silver. Gapped down on open. Started small long position at 54.13 to capture some price recovery during the day.
NASDAQ 2,214.84 +4.04
SP500 1,098.83 +2.05
Dollar strength with lower metals prices. Fed is meeting the next couple days.
AGQ 54.16 -3.30. ProShares Ultra Silver. Gapped down on open. Started small long position at 54.13 to capture some price recovery during the day.
Sunday, January 24, 2010
20100122 Weekend
Dow 10,172.98 -216.90
Nasdaq 2,205.29 -60.41
SP500 1,091.76 -24.72
30-yrBond 4.51% +0.04
Indices down with good volume. Look for retracement on lighter volume beginning Monday afternoon or Tuesday. TICK reading was not extraordinary, which portends more downside after a bounce.
GLD 107.17 -0.20. Can test 100.5.
SLV 16.78 -0.29. Can test 15.
PTM 18.4375 -0.6325
XLE 56.30 -1.37
XLF 14.18 -0.48
VXX 31.89 +2.57
Miner potential buys now:
AZK 4.03 +0.12. Aurizon Mines Ltd.
ANO 1.24 +0.00. Anooraq Resources Corporation. Nice intraday rebound to close flat. Day range 1.13 - 1.29.
GOLD 74.18 -0.95. Setting up for a weekly buy around 68.
NGD 4.20 +0.18. New Gold, Inc.
RGLD 44.50 +0.44.
AAPL 197.75 -10.32
GOOG 550.01 -32.97
IBM 125.50 -3.50. Couldn't get above 1999 highs. Going to test 100.
Nasdaq 2,205.29 -60.41
SP500 1,091.76 -24.72
30-yrBond 4.51% +0.04
Indices down with good volume. Look for retracement on lighter volume beginning Monday afternoon or Tuesday. TICK reading was not extraordinary, which portends more downside after a bounce.
GLD 107.17 -0.20. Can test 100.5.
SLV 16.78 -0.29. Can test 15.
PTM 18.4375 -0.6325
XLE 56.30 -1.37
XLF 14.18 -0.48
VXX 31.89 +2.57
Miner potential buys now:
AZK 4.03 +0.12. Aurizon Mines Ltd.
ANO 1.24 +0.00. Anooraq Resources Corporation. Nice intraday rebound to close flat. Day range 1.13 - 1.29.
GOLD 74.18 -0.95. Setting up for a weekly buy around 68.
NGD 4.20 +0.18. New Gold, Inc.
RGLD 44.50 +0.44.
AAPL 197.75 -10.32
GOOG 550.01 -32.97
IBM 125.50 -3.50. Couldn't get above 1999 highs. Going to test 100.
Thursday, January 21, 2010
20100121 PM
Dow 10,389.88 -213.27
Nasdaq 2,265.70 -25.55
SP500 1,116.48 -21.56. Looking for 950 after a bounce.
30-yrBond 4.51% -0.37
Indices and metals closed near daily lows. Big index volume portends lower prices.
GLD 107.37 -1.57
SLV 17.08 -0.49
PTM 19.06 -0.39
XLE 57.67 -1.20
XLF 14.66 -0.43
VXX 29.37 +1.56
EXK 3.70 -0.26. Bought at 3.75 today.
NGD 4.02 -0.19. Sold off hard in the last few minutes to close at low of day. Bought today at 4.13 looking for small rebound in markets.
ANO 1.24 -0.13.
GBG 1.80 -0.08. Down on lighter volume. Look to buy.
GOLD 75.13 -4.22. Closed at lows of day.
GS 160.87 -6.92.
X 57.67 -5.59. Volume off the top.
XOM 66.70 -1.33. Close below 66.09 and it can go much lower.
Nasdaq 2,265.70 -25.55
SP500 1,116.48 -21.56. Looking for 950 after a bounce.
30-yrBond 4.51% -0.37
Indices and metals closed near daily lows. Big index volume portends lower prices.
GLD 107.37 -1.57
SLV 17.08 -0.49
PTM 19.06 -0.39
XLE 57.67 -1.20
XLF 14.66 -0.43
VXX 29.37 +1.56
EXK 3.70 -0.26. Bought at 3.75 today.
NGD 4.02 -0.19. Sold off hard in the last few minutes to close at low of day. Bought today at 4.13 looking for small rebound in markets.
ANO 1.24 -0.13.
GBG 1.80 -0.08. Down on lighter volume. Look to buy.
GOLD 75.13 -4.22. Closed at lows of day.
GS 160.87 -6.92.
X 57.67 -5.59. Volume off the top.
XOM 66.70 -1.33. Close below 66.09 and it can go much lower.
20100121 1352
Dow 10,407.64 -195.51
Nasdaq 2,269.09 -22.16
SP500 1,118.94 -19.10
30-yrBond 4.51% -0.32
GLD 108.135 -0.805
SLV 17.25 -0.32
PTM 19.067 -0.383
XLE 57.92 -0.95
XLF 14.75 -0.34
VXX 29.18 +1.37
Indices tried but didn't break to lower lows. Gold recovering a little to over 1100, and looking for it to close at 1108. Stepping in to a miner.
EXK 3.77 -0.19. Potential long today.
NGD 4.12 -0.09. Went long at 4.13.
Nasdaq 2,269.09 -22.16
SP500 1,118.94 -19.10
30-yrBond 4.51% -0.32
GLD 108.135 -0.805
SLV 17.25 -0.32
PTM 19.067 -0.383
XLE 57.92 -0.95
XLF 14.75 -0.34
VXX 29.18 +1.37
Indices tried but didn't break to lower lows. Gold recovering a little to over 1100, and looking for it to close at 1108. Stepping in to a miner.
EXK 3.77 -0.19. Potential long today.
NGD 4.12 -0.09. Went long at 4.13.
20100120 PM
Dow 10,603.15 -122.28
Nasdaq 2,291.25 -29.15
SP500 1,138.04 -12.19. Close below 1120 will set up a larger correction.
30-yrBond 4.5430% -0.5500. Look to sell bonds at 120 within a week when they climb a little more.
Dollar showing strength. With euro collapsing dollar can go to 81 and gold can go to 1000.
Wide price spread in gold. If it holds 1108 tomorrow, then can go long for a trade.
Sell crude oil on rallies.
GLD 108.94 -2.58
SLV 17.57 -0.88
PTM 19.45 -0.28
XLE 58.87 -0.93
XLF 15.09 -0.04
VXX 27.81 -0.01
SCO 14.51 +0.69. UltraShort DJ-AIG Crude Oil ProShares.
Nasdaq 2,291.25 -29.15
SP500 1,138.04 -12.19. Close below 1120 will set up a larger correction.
30-yrBond 4.5430% -0.5500. Look to sell bonds at 120 within a week when they climb a little more.
Dollar showing strength. With euro collapsing dollar can go to 81 and gold can go to 1000.
Wide price spread in gold. If it holds 1108 tomorrow, then can go long for a trade.
Sell crude oil on rallies.
GLD 108.94 -2.58
SLV 17.57 -0.88
PTM 19.45 -0.28
XLE 58.87 -0.93
XLF 15.09 -0.04
VXX 27.81 -0.01
SCO 14.51 +0.69. UltraShort DJ-AIG Crude Oil ProShares.
Sunday, January 17, 2010
20100115 Weekend
Dow 10,609.65 +100.90
Nasdaq 2,287.99 +28.75
SP500 1,136.03 +12.43
30-yrBond 4.58% +0.49
GLD 110.86 -1.17
SLV 18.05 -0.26
PTM 19.32 -0.08
XLE 59.26 -0.48
XLF 14.94 -0.31
VXX 29.51 +0.76
CROX 7.20 +0.12. Big volume. 52 week range 1.00 - 8.20.
KOG 2.89 +0.14. 52 week high. Looking for more volume to sustain this price.
PEIX 2.13 +0.37 (21.02%). Big volume of past few days continues. 52 week range 0.20 - 2.75.
ANO 1.44 +0.01. 52 week high. Needs to base here for a while to build cause for higher prices.
NGD 4.43 +0.07
Nasdaq 2,287.99 +28.75
SP500 1,136.03 +12.43
30-yrBond 4.58% +0.49
GLD 110.86 -1.17
SLV 18.05 -0.26
PTM 19.32 -0.08
XLE 59.26 -0.48
XLF 14.94 -0.31
VXX 29.51 +0.76
CROX 7.20 +0.12. Big volume. 52 week range 1.00 - 8.20.
KOG 2.89 +0.14. 52 week high. Looking for more volume to sustain this price.
PEIX 2.13 +0.37 (21.02%). Big volume of past few days continues. 52 week range 0.20 - 2.75.
ANO 1.44 +0.01. 52 week high. Needs to base here for a while to build cause for higher prices.
NGD 4.43 +0.07
Wednesday, January 13, 2010
20100113 PM
Dow 10,680.77 +53.51
Nasdaq 2,307.90 +25.59
SP500 1,145.68 +9.46
10-YrBond 3.82% +0.14
Asia was down. US indices went lower in the first hour of the morning, put in a bottom, and steadily climbed the remainder of the session.
GLD 111.53 +1.04
SLV 18.26 +0.35
PTM 18.88 +0.03
XLE 59.64 +0.29
XLF 15.17 +0.16
VXX 29.30 -0.59
EMT 63.542 +0.852. Emerging Global Shares. Diversified Metals & Mining, Gold, Steel, Aluminum or Precious Metals & Minerals.
EXK 4.28 -0.31 (7.81%)
NGD 4.50 -0.10
PEIX 2.20 -0.22 (9.09%)
Nasdaq 2,307.90 +25.59
SP500 1,145.68 +9.46
10-YrBond 3.82% +0.14
Asia was down. US indices went lower in the first hour of the morning, put in a bottom, and steadily climbed the remainder of the session.
GLD 111.53 +1.04
SLV 18.26 +0.35
PTM 18.88 +0.03
XLE 59.64 +0.29
XLF 15.17 +0.16
VXX 29.30 -0.59
EMT 63.542 +0.852. Emerging Global Shares. Diversified Metals & Mining, Gold, Steel, Aluminum or Precious Metals & Minerals.
EXK 4.28 -0.31 (7.81%)
NGD 4.50 -0.10
PEIX 2.20 -0.22 (9.09%)
Tuesday, January 12, 2010
20100112 PM
Dow 10,627.26 -36.73
Nasdaq 2,282.31 -30.10. Big point sell off.
SP500 1,136.22 -10.76
10-YrBond 3.82% +0.14
Confirmed sell signal if indices are down tomorrow.
GLD 110.51 -2.34
SLV 17.89 -0.32
PTM 18.90 -0.36
XLE 59.43 -0.79
XLF 14.99 -0.24
VXX 29.78 +0.80
ERTS 16.85 -1.42. Online gaming is hurting profits.
PEIX 2.42 +0.15. Inside day on big volume. On Monday the day traders got this moving and it was +0.85 (59.30%) with massive volume. It has based for a month.
ANO 1.41 +0.12 (9.30%). 52 week high on huge volume. Has been up for past week+.
EXK 3.98 -0.24
GMO 2.70 -0.25 (8.47%). On Monday was +0.15 (5.36%) with volume.
GOLD 81.77 -3.20. Watch how it tests 77.
NGD 4.59 -0.22. Trailing stop sold long position in the morning at 4.62 for ~.52 per share gain.
SLW 16.91 -0.54
TRE 3.97 -0.12
Nasdaq 2,282.31 -30.10. Big point sell off.
SP500 1,136.22 -10.76
10-YrBond 3.82% +0.14
Confirmed sell signal if indices are down tomorrow.
GLD 110.51 -2.34
SLV 17.89 -0.32
PTM 18.90 -0.36
XLE 59.43 -0.79
XLF 14.99 -0.24
VXX 29.78 +0.80
ERTS 16.85 -1.42. Online gaming is hurting profits.
PEIX 2.42 +0.15. Inside day on big volume. On Monday the day traders got this moving and it was +0.85 (59.30%) with massive volume. It has based for a month.
ANO 1.41 +0.12 (9.30%). 52 week high on huge volume. Has been up for past week+.
EXK 3.98 -0.24
GMO 2.70 -0.25 (8.47%). On Monday was +0.15 (5.36%) with volume.
GOLD 81.77 -3.20. Watch how it tests 77.
NGD 4.59 -0.22. Trailing stop sold long position in the morning at 4.62 for ~.52 per share gain.
SLW 16.91 -0.54
TRE 3.97 -0.12
Sunday, January 10, 2010
20100108 Weekend, Miners
Dow 10,618.19 +11.33
Nasdaq 2,317.17 +17.12
SP500 1,144.98 +3.29
10-YrBond 3.82% +0.14
Poor jobs numbers were released (bad news when jobs are lost in December before Christmas shopping) in the morning and subsequently the dollar sold off sharply. In a bullish move, precious metals and commodities moved higher after overnight weakness. For the week gold was up 4% and silver was up 10%.
GLD 111.35 +0.53
SLV 18.14 +0.25
PTM 19.18 +0.15
XLE 60.24 +0.33
XLF 15.26 -0.05
VXX 29.58 -0.74
EVOGF.PK 1.08 +0.03. Building cause for next move.
EXK 4.28 +0.01. Intraday 52 week high.
GBG 1.95 +0.01. Intraday 52 week high. If you own it, hold it.
NGD 4.72 +0.34 (7.76%). Good volume. Intraday 52 week high. On Thursday went up .48 (12.31%) on good volume. If you own it, hold it.
Nasdaq 2,317.17 +17.12
SP500 1,144.98 +3.29
10-YrBond 3.82% +0.14
Poor jobs numbers were released (bad news when jobs are lost in December before Christmas shopping) in the morning and subsequently the dollar sold off sharply. In a bullish move, precious metals and commodities moved higher after overnight weakness. For the week gold was up 4% and silver was up 10%.
GLD 111.35 +0.53
SLV 18.14 +0.25
PTM 19.18 +0.15
XLE 60.24 +0.33
XLF 15.26 -0.05
VXX 29.58 -0.74
EVOGF.PK 1.08 +0.03. Building cause for next move.
EXK 4.28 +0.01. Intraday 52 week high.
GBG 1.95 +0.01. Intraday 52 week high. If you own it, hold it.
NGD 4.72 +0.34 (7.76%). Good volume. Intraday 52 week high. On Thursday went up .48 (12.31%) on good volume. If you own it, hold it.
Wednesday, January 06, 2010
20100106 PM, Nickel FMO
Dow 10,573.68 +1.66
Nasdaq 2,301.09 -7.62
SP500 1,137.14 +0.62
30-yrBond 46.71% +0.78
Dollar lower, bonds lower, market indices flat, metals higher, miners higher - some with price spread and volume.
GLD 111.51 +1.81
SLV 17.86 +0.35
PTM 19.39 +0.26
XLE 60.00 +0.71
XLF 14.99 +0.03
VXX 31.20 -0.89
ANO 1.14 +0.17 +(17.53%). Anooraq Resources Corporation. Huge volume.
EXK 4.21 +0.15. 52 week high.
RBY 5.12 +0.19. Good volume. 52 week high.
SWC 12.03 +1.71 +(16.57%). Stillwater Mining Co. Massive volume. 52 week high. April 2008 highs at 22 has heavy volume.
FMO 18.70 +0.38. Fiduciary/Claymore MLP Opportunity Fund. 52 week high. 14.8% dividend. MLP is Master Limited Partnership.
Nickel miners:
BHP 80.89 +1.31. BHP Billiton Ltd.
PLM 3.5095 +0.0495. Polymet Mining Corp. 52 week high. Has infrastructure in place and is waiting on a permit.
Nasdaq 2,301.09 -7.62
SP500 1,137.14 +0.62
30-yrBond 46.71% +0.78
Dollar lower, bonds lower, market indices flat, metals higher, miners higher - some with price spread and volume.
GLD 111.51 +1.81
SLV 17.86 +0.35
PTM 19.39 +0.26
XLE 60.00 +0.71
XLF 14.99 +0.03
VXX 31.20 -0.89
ANO 1.14 +0.17 +(17.53%). Anooraq Resources Corporation. Huge volume.
EXK 4.21 +0.15. 52 week high.
RBY 5.12 +0.19. Good volume. 52 week high.
SWC 12.03 +1.71 +(16.57%). Stillwater Mining Co. Massive volume. 52 week high. April 2008 highs at 22 has heavy volume.
FMO 18.70 +0.38. Fiduciary/Claymore MLP Opportunity Fund. 52 week high. 14.8% dividend. MLP is Master Limited Partnership.
Nickel miners:
BHP 80.89 +1.31. BHP Billiton Ltd.
PLM 3.5095 +0.0495. Polymet Mining Corp. 52 week high. Has infrastructure in place and is waiting on a permit.
Monday, January 04, 2010
20100104 PM, DPO PHK
Dow 10,583.96 +155.91
Nasdaq 2,308.42 +39.27
SP500 1,132.99 +17.89
30-yrBond 46.6000% +0.1900
The first day of the new trading year started with a lower dollar, higher market indices and higher energy/commodity prices.
GLD 109.80 +2.49
SLV 17.23 +0.69. Big price spread.
PTM 19.12 +0.72
XLE 58.81 +1.80
XLF 14.69 +0.29
VXX 32.71 -1.36
NGD 3.79 +0.15 +4.12%
RBY 4.92 +0.21 +4.46%
EXK 3.89 +0.25 +6.87%
SLW 15.79 +0.77 +5.13%
The selloff in these the last few days are signaling impending credit problems. Look to short on a bounce:
DPO 10.7101 -0.2299 -(2.10%). 52 week range 6.00 - 13.81.
PHK 10.22 -0.63 -(5.81%). PIMCO High Income Fund. 52 week range 3.27 - 12.45. Three down days in a row.
Nasdaq 2,308.42 +39.27
SP500 1,132.99 +17.89
30-yrBond 46.6000% +0.1900
The first day of the new trading year started with a lower dollar, higher market indices and higher energy/commodity prices.
GLD 109.80 +2.49
SLV 17.23 +0.69. Big price spread.
PTM 19.12 +0.72
XLE 58.81 +1.80
XLF 14.69 +0.29
VXX 32.71 -1.36
NGD 3.79 +0.15 +4.12%
RBY 4.92 +0.21 +4.46%
EXK 3.89 +0.25 +6.87%
SLW 15.79 +0.77 +5.13%
The selloff in these the last few days are signaling impending credit problems. Look to short on a bounce:
DPO 10.7101 -0.2299 -(2.10%). 52 week range 6.00 - 13.81.
PHK 10.22 -0.63 -(5.81%). PIMCO High Income Fund. 52 week range 3.27 - 12.45. Three down days in a row.
20091231 Weekend
Dow 10,428.05 -120.46
Nasdaq 2,269.15 -22.13
SP500 1,115.10 -11.32
30-yrBond 4.687% +0.084
GLD 107.31 +0.38
SLV 16.539 +0.009
PTM 18.40 +0.16
XLE 57.01 -0.46
XLF 14.40 -0.03
VXX 34.07 +0.89
Nasdaq 2,269.15 -22.13
SP500 1,115.10 -11.32
30-yrBond 4.687% +0.084
GLD 107.31 +0.38
SLV 16.539 +0.009
PTM 18.40 +0.16
XLE 57.01 -0.46
XLF 14.40 -0.03
VXX 34.07 +0.89
Subscribe to:
Posts (Atom)