Thursday, January 21, 2010

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.

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