Wednesday, February 17, 2010

20090217 PM

Dow 10,309.24 +40.43
Nasdaq 2,226.29 +12.10
SP500 1,099.51 +4.64
30-yrBond 4.71% +0.75

After market closed, IMF announced increased gold sales.

GLD 109.25 -0.37
SLV 15.74 -0.08
PTM 18.22 -0.14

XLE 56.82 -0.08
XLF 14.29 +0.05
VXX 28.94 -0.88

AGQ 49.44 -0.68. Sold at 49.24 for 4.89 per share loss on a tiny position.

Thursday, February 11, 2010

20100211 PM

Dow 10,144.19 +105.81
Nasdaq 2,177.41 +29.54
SP500 1,078.47 +10.34
30-yrBond 4.68% +0.43. Participation in the 30 year bond auction was weak.

Gold made a decent move higher and stalled at resistance. Needs time to consolidate.
Silver lagged the move in gold.

GLD 107.13 +2.01
SLV 15.37 +0.42
PTM 18.244 +0.338

XLE 55.57 +0.93
XLF 13.94 +0.03. Relative weakness. Potential short if it gets to higher price around 14.10.
VXX 31.40 -0.69

Tuesday, February 09, 2010

20100209 PM

Dow 10,058.64 +150.25. This widely reported index finished back above 10,000.
Nasdaq 2,150.87 +24.82
SP500 1,070.52 +13.78
30-yrBond 4.57% +0.46

After several days of market selling off with volume, markets bounced today with the dollar lower and euro higher. There were reports of European countries committing to bail out E.U. member states, Greece in particular.
Markets can go higher next few days. Use higher prices to close any longs.

GLD 105.41 +1.37
SLV 15.12 +0.37
PTM 17.81 +0.36

XLE 54.87 +1.13
XLF 13.80 +0.14
VXX 32.30 -1.01

Monday, February 01, 2010

20100201 PM

Dow 10,185.53 +118.20
Nasdaq 2,171.20 +23.85
SP500 1,089.18 +15.31
10-YrBond 3.65% +0.45

GLD 108.37 +2.41
SLV 16.38 +0.48
PTM 18.50 +0.52
XLE 56.30 +1.80
XLF 14.42 +0.24
VXX 30.18 -1.46

Dollar was down and looks to continue lower. Metals higher. Gold looks to test 1200 - watch the volume as it approaches 1200.

Miners:
ANO 1.21 +0.05 4.32%
EXK 3.58 +0.43 13.65%
GBG 1.76 +0.12 7.32%
NGD 4.28 +0.22 5.42%. Sold February 10th $5 covered calls.
RBY 4.32 +0.32 8.00%
SLW 14.93 +1.17 8.50%
TRE 3.93 +0.03 0.77%. Relative underperformance.

AGQ 54.28 +2.96 (5.77%). Ultra Silver ProShares.