20100527 PM

Dow 10,258.99 +284.54
Nasdaq 2,277.68 +81.80
S&P 500 1,103.06 +35.11
10-Yr Bond 3.34% +1.20

Yesterday indices sold off into the close, which created doom & gloom anticipation for the overnight and morning. China said it was not considering selling EU debt, which helped to cause relief rallies around the world.
Daily swings of 3% - 5% does not inspire confidence for the average retail investor. When will retail investors leave the gambling casinos?
Oil up 8% in two days.
Dramatic rebound in Euro with dollar dramatically weaker. Euro strength is likely intervention by central banks to prop up economies.
Precious metals slightly higher.

Took off more long positions before the holiday weekend. Expect light volume tomorrow.

GLD 118.69 +0.22
SLV 18.12 +0.38
PTM 18.52 +0.37

XLE 54.07 +2.20
XLF 15.01 +0.65

VXX 28.33 -2.70

OLO 12.28 +0.59 (5.05%). PowerShares DB Crude Oil Long ETN. Trailing stop didn't close the long position, so sold it at 12.28 for about .66 per share gain. OLO trades less than 80,000 shares per day.
SSO 37.20 +2.37 (6.80%). Trailing stop sold long position in the morning at 36.39 for 2.85 per share gain.

BIDU 73.51 +5.92
BP 45.38 +2.97. Initial results of attempt to stop Gulf oil leak look good.
RBY 3.59 +0.32 (9.79%). Big volume. Maybe a low is in.

20100526 PM

Dow 9,974.45 -69.30
Nasdaq 2,195.88 -15.07
SP500 1,067.95 -6.08
10-YrBond 3.22% +0.60

Indices opened higher but couldn't hold price and sold lower into the close.

GLD 118.47 1.11
SLV 17.74 0.20
PTM 18.15 0.25

XLE 51.87 0.11
XLF 14.36 0.10

VXX 31.03 0.63

BGU 44.72 -0.66
NNVC 1.71 -0.045. Sold part of long position at 1.83 for a loss.

20100526 1029

DJIA 10,138.59 +94.84
NASDAQ 2,247.23 +36.28
SP500 1,086.28 +12.25

BGU 47.02 +1.64. Sold at 47.05 for 1.22 per share loss. Cleaning up this position. Had purchased this too early in the multi-day correction.

20100525 PM

Dow 10,043.75 -22.82
Nasdaq 2,210.95 -2.60
SP500 1,074.03 +0.38. Day range 1,040.78 - 1,074.75.
10-YrBond 3.16% -0.69

The recent "flash crash" took a lot of downside energy from the market. In the past week a slow move back to that price point, along with the gap down today, caused an oversold situation. There simply was not enough downside energy to keep the indices lower today.
Indices steadily ramped higher from 2PM until the close. Look for follow-through tomorrow with higher prices.

GLD 117.36 +0.52
SLV 17.54 -0.02. Can bounce .80 or .90 higher.
PTM 17.90 -0.30

XLE 51.98 +0.12
XLF 14.46 +0.13

VXX 31.66 -1.46

OLO 11.42 -0.10. Day range 11.06 - 11.42.
SSO 35.30 +0.08. Day range 33.04 - 35.32.

EVOGF.PK 0.8462 -0.1138 (11.85%). Day range 0.7990 - 0.8462. Impressive recovery off lows of day, though still down a big percentage.
GBG . Longer term a good buy. Look to buy before July because they are expected to ramp up more production by end of June.
NG 7.26 +0.28 (4.01%). Large day range price spread 6.66 - 7.28. 52 week range 3.33 - 9.18. Longer term a good buy.
NGD 5.91 +0.35 (6.29%). Large day range price spread 5.25 - 5.91.

20100525 0951

DJIA 9,846.35 -220.22
NASDAQ 2,154.31 -59.24
SP500 1,049.09 -24.56

Worldwide indices down on debt worries in Europe. USA indices gapped down. It looks like there will not be enough volume on the downside to push to lower prices today.

SSO 33.58 -1.64. Went long at 33.54.

20100524 PM

Dow 10,066.57 -126.82
Nasdaq 2,213.55 -15.49
SP500 1,073.65 -14.04
30-yrBond 4.10% +0.39

Indices and metals and oil moved higher then sharply sold off into the close.
A several day bounce was expected. If the higher prices this morning were all that could be mustered, markets are facing big downside.

GLD 116.84 +1.62
SLV 17.56 +0.27
PTM 18.20 +0.46

XLE 51.86 -1.21
XLF 14.33 -0.42

VXX 33.12 -0.19

20100523 Weekend

Dow 10,193.39 +125.38
Nasdaq 2,229.04 +25.03
SP500 1,087.69 +16.10
10-YrBond 3.20% -0.64

Indices tested the "flash crash" from last week. Look for a bounce next week.
Australia was down 5% overnight and recovered.

GLD 115.22 0.62
SLV 17.29 0.06
PTM 17.74 0.14

XLE 53.07 0.91
XLF 14.75 0.51

VXX 33.31 0.76

20100520 1454

DJIA 10,246.29 -198.08
NASDAQ 2,247.16 -51.21
SP500 1,092.62 -22.43

Dollar continues lower.

BGU 47.99 -2.98. Started small position at 48.24. Waiting for potential recovery from these intraday lows.

20100520 1437

DJIA 10,213.19 -231.18
NASDAQ 2,238.17 -60.20
SP500 1,088.89 -26.16

UUP 24.99 -0.23. Dollar index again breaking lower. Something is happening here so I am closing this trade to step back. Sold at 25.01 for .11 per share loss.

OLO 11.61 -0.38. PowerShares DB Crude Oil Long ETN. Bought at average price of about 11.61. Expect some price rebound.

20100520 1401

Dow 10,177.97 -266.40
Nasdaq 2,223.80 -74.57
SP500 1,082.95 -32.10
30-yrBond 4.1130% -1.2400

Big volatility with price spread.
Dollar, metals, and oil lower.
Oil down 8%, at 64.6. Look for it to recover some of the price loss before the close today.
Platinum down 90 at 15.11.

DZZ 11.88 +0.17. Sold at 11.81 for .95 per share gain.

20100519 PM

Dow 10,444.37 -66.58
Nasdaq 2,298.37 -18.89
SP500 1,115.05 -5.75
30-yrBond 4.24% -0.17

Dollar and precious metals down.

GLD 116.63 -2.86
SLV 17.87 -0.70
PTM 19.01 -0.97

XLE 54.60 -0.63
XLF 14.94 +0.02

VXX 29.85 +0.72

ANO 1.07 -0.11 9.32%
EXK 4.01 +0.10. Relative strength.

20100518 PM

Dow 10,510.95 -114.88
Nasdaq 2,317.26 -36.97
SP500 1,120.80 -16.14
10-YrBond 3.38% -0.96

Options expiry this weekend, which may bring larger price spreads.
Dollar made big run higher.
Gold bounced higher and looks to continue lower.
Silver looks to test 17.08.
Oil closed below 70. Big price spread.
Germany announced it would ban naked short selling immediately, including commodities. Existing naked shorts would be required to be unwound in less than a year. It appears CDS will need an insurable interest.

GLD 119.49 +0.13
SLV 18.57 +0.04
PTM 19.98 +0.05

XLE 55.23 -0.43
XLF 14.92 -0.44

VXX 29.13 +1.65 6.00%

20100517 PM

Dow 10,625.83 +5.67
Nasdaq 2,354.23 +7.38
SP500 1,136.94 +1.26
10-YrBond 3.47% +0.30

GLD 119.36 -1.01
SLV 18.53 -0.40
PTM 19.93 -0.62

XLE 55.66 -0.58
XLF 15.36 +0.01

VXX 27.48 +0.62

DZZ 11.14 +0.22.
ZSL 32.98 +1.36. Sold at 32.9 for 1.4 per share gain.

20100514 Weekend

Dow 10,620.16 -162.79
Nasdaq 2,346.85 -47.51
SP500 1,135.68 -21.75
10-YrBond 3.44% -1.22

Dollar higher. Metals slightly lower. Oil slightly higher.
The recent gold short was not appropriate considering that gold has recently made all-time highs.

EVOGF.PK 1.09 +0.0865 8.65%. EVOLVING GOLD CORP. In last hour, ramped to close at day high. Today showed relative strength vs. other miners. Needs more volume. Resistance at 1.25.
EVG.V 1.11 +0.09 8.82%. EVOLVING GOLD CORP.
UUP 25.19 +0.23

KONE 3.94 -0.06. Kingtone Wirelessinfo Solution Holding Ltd. Chinese IPO priced at 4.
LINE 25.12 -0.26. Linn Energy, LLC. 52 week range 12.60 - 28.99. 9.9% dividend. Watch list buy on pullback.
TIVO 10.16 -7.23 41.58%. Huge volume. Back to breakout in early March. Setback in patent lawsuit with Dish.

20100514 1047, Long dollar, Short metals

DJIA 10,637.99 -144.96
NASDAQ 2,348.42 -45.94
SP500 1,138.03 -19.41

Dollar higher. Gold and silver lower after being slightly positive this morning.
Oil lower. The world is literally flooded with oil. With deflation, in a year or two oil can be in the 20s.

Yesterday sold most holdings in miners and gold. Holding small position in small cap miner Evolving Gold.

Last weekend was more talk about EU loan guarantees. That juiced the market before the open Monday. After that, markets have sold lower. If not in cash over the weekend, consider being short general market, short precious metals and most miners, long dollar, short pound.

DZZ 10.99 +0.11. PowerShares DB Gold Double Short ETN. Went long at 10.86.
UUP 25.11 +0.15. PowerShares DB US Dollar Index Bullish Fund. Went long 1/2 position at 25.12.
ZSL 31.67 +0.22. ProShares UltraShort Silver. Went long at 31.50.

Rare insights in CNBC interview about euro, dollar, precious metals. Several approximate quotes:
Dollar flows are overwhelming physical holdings.
Dollar is the best of the fiat currencies. [ I would add the best of the large fiat currencies. ]
Oil storage is at all-time high with future months selling $10 higher.

20100513 PM

Dow 10,782.95 -113.96
Nasdaq 2,394.36 -30.66
SP500 1,157.43 -14.24
30-yrBond 4.46% -0.12

Gold and the dollar have been roughly moving higher together. Dollar (USDX) is going for 89 soon while gold shows signs of faltering. Something is going to happen soon causing a pullback in the markets and a pullback in the metals. It could be that interest rates in the US are going higher. Gold in euro has ramped dramatically higher. Euro is below 1.26 vs. dollar, and euro is going for 1.15.
Sold some physical gold bullion today.
Oil at 73.93. If it closes below 73, it can quickly drop to low 60s.

GLD 120.56 -0.84
SLV 18.99 -0.13
PTM 20.75 -0.12

XLE 57.38 -0.37
XLF 15.76 -0.29

VXX 24.73 +0.65

AEM 63.95 -1.14
DGP 33.04 -0.40. Sold today at 32.92 for 3.63 per share gain.
EXK 4.00 -0.13. Sold this morning.

SY 64.22 +8.08 14.39%. Sybase bought out by SAP.

Consider for tomorrow:
GLL 39.23 +0.52. ProShares UltraShort Gold
DZZ 10.88 +0.14. PowerShares DB Gold Double Short ETN
ZSL 31.45 +0.42. ProShares UltraShort Silver
UUP 24.96 0.14. PowerShares DB US Dollar Index Bullish

20060731 Tom PM

INDU 11186 down 34.
SPX 1277 down 2.
CCMP 2091 down 3.
Dollar 85.09 down .10.
Gold 648.40 up 1.60.
Silver 11.44 up .07.

XOM 67.74 up .74. Volume a little lighter, but ABC up to 71.
LSI 8.20 up .22. In big consolidation.
PLCE 55.82 up .97. May go to 67.

ISRG 95.20 down 6.34. Keep an eye on this as a short.

20100513 1003

DJIA 10,878.70 -18.21
NASDAQ 2,426.20 +1.18
SP500 1,169.58 -2.09

With price of gold at all-time highs, some gold equities have struggled. Locking in gains on some miners.

AEM 64.64 -0.45. Watched this spike higher yesterday morning, then didn't hold that high price. Slightly lower today.
EXK 4.12 -0.01. Closed long position at 4.12 for .37 per share gain.

20100511 PM

Dow 10,748.26 +36.88
Nasdaq 2,375.31 +0.64
SP500 1,155.79 +3.94
30-yrBond 4.42% +0.12

Markets opened lower, went higher, then closed nearly flat.
Dollar was higher. Precious metals higher with gold closing at all time high.

GLD 120.66 +3.09 2.62%
SLV 18.95 +0.84 4.64%
PTM 20.29 +0.09

XLE 56.96 -0.38
XLF 15.87 -0.06

VXX 25.63 +0.55

EXK 4.00 +0.35 9.59%

20100510 PM

Dow 10,785.14 +404.71
Nasdaq 2,374.67 +109.03
SP500 1,159.73 +48.85
10-YrBond 3.54% +1.10

Nearly 1 trillion in EU debt guarantees were announced over the weekend. Markets gapped higher and closed near the opening levels.
Through currency swaps, the Federal Reserve participates in the Euro-zone bailout while putting American taxpayers and the US dollar at risk.

GLD 117.57 -0.70
SLV 18.11 +0.11
PTM 20.20 +0.37

XLE 57.34 +2.35
XLF 15.93 +0.84

VXX 25.08 -4.17

20100507 Weekend

Dow 10,380.43 -139.89 -1.33%
Nasdaq 2,265.64 -54.00 -2.33%
SP500 1,110.88 -17.27 -1.53%
10YrBond(%) 3.4290% +0.3100
Oil 75.11 -1.70 -2.20%

Markets are ready for a bounce lasting a couple days.

Gold 1,210.00 +10.90. Intraday price range of $20. Within 1% of all-time high.
Gold was lower and then ramped higher when this was released:

The U.S. Commodity Futures Trading Commission issued a warning to the market on Friday to remind participants that speculative trading limits apply throughout the trading day as well as at the end of trading.

Gold was up yet GLD and DGP (equities which supposedly track gold) were slightly down.
Silver had over 6% intraday price range.

GLD 118.27 -0.22
SLV 18.00 +0.68
PTM 19.83 +0.25

XLE 54.99 -1.06
XLF 15.09 -0.17

VXX 29.25 +3.13 11.97%

DGP 31.82 -0.08.
LLEN 9.30 +0.09. L & L Energy, Inc. Relative strength.

20100506 PM, 9%

Dow 10,520.32 -347.80. Day range 9,869.62 - 10,879.76.
Nasdaq 2,319.64 -82.65
SP500 1,128.15 -37.72. Day range 1,065.79 - 1,167.58.
30-yrBond 4.17% -2.29

Intraday indices crashed with huge volume and huge downticks to test the lows of February 2010. At one point, indices were down 9%. The very high volume will make it more difficult to break through these lows and puts the indices into a large consolidation. Long term indices look to go lower. Short term the weak hands were taken out today so there will be a bounce.
Dollar was up along with Japanese Yen and Swiss Franc. Other currencies lower.
Gold rocketed higher to close above 1200. Expect consolidation for a test of 1227 all time high. Gold in Euros closed at all time highs.

GLD 118.49 +3.40
SLV 17.32 +0.21
PTM 19.58 -0.01

XLE 56.05 +1.99 3.42%
XLF 15.26 +0.67 4.22%

VXX 26.12 +2.79 11.94%

DGP 31.90 +1.76 5.84%
ANO 1.35 -0.09 6.25%
EXK 3.68 +0.07 1.94%. Strong stock.
MDW 0.63 -0.04 5.97%
NGD 5.67 -0.11 1.90%

NNVC 2.19 -0.29 11.69%. Day range 2.03 - 2.48. Held above 2.

20100505 1149

DJIA 10,930.85 +4.08
NASDAQ 2,417.96 -6.29
SP500 1,173.98 +0.38

Indices were negative with dollar higher, and indices are now attempting to go positive.

EVOGF 1.00 -0.02. Evolving Gold Corp. Started small long position at 1.00.

NNVC 2.50 +0.00. Day range 2.36 - 2.50.

20100504

Dow 10,926.77 -225.06 2.02%
Nasdaq 2,424.25 -74.49 2.98%
SP500 1,173.60 -28.66 2.38%
10-YrBond 3.61% -0.92

Dollar much higher. Indices down worldwide.

GLD 114.87 -0.86
SLV 17.59 -0.83
PTM 19.93 -0.64

XLE 58.97 -1.62
XLF 16.02 -0.45
VXX 22.37 +2.04

Miners:
ANO 1.49 -0.16 9.70%
EXK 3.78 -0.11
NGD 5.58 -0.16
RBY 3.86 -0.14
TRE 4.42 -0.06
EVOGF 1.02 -0.06 5.56%
SQIFF 0.4929 -0.0463 8.59%
MDW 0.6620 -0.0380 5.43%

Relative strength:
BP 51.20 +1.01
NNVC 2.50 +0.01

20100504 1202

DJIA 10,934.32 -217.51
NASDAQ 2,425.87 -72.87
SP500 1,175.67 -26.59

World indices down. Most currencies down with dollar higher into 83 area. Precious metals opened higher and sold off.
Whipsaw action and high volatility has me closing some positions.

DGP 30.13 -0.32. Sold most of long position in first minute of trading at 30.83.

NNVC 2.52 +0.03. After selling off in sympathy with indices, is now positive. Looking to close long position at slightly higher prices today.


2.52 0.03

20100430 Weekend

Dow 11,008.61 -158.71
Nasdaq 2,461.19 -50.73
SP500 1,186.68 -20.10
30-yrBond 4.53% -0.64

Indices were slightly higher in the morning then sold off the rest of the day.
Gold is into December 2009 high price bar.

GLD 115.35 +1.07
SLV 18.26 +0.12
PTM 20.81 +0.06

XLE 59.91 -0.75
VXX 21.21 +1.63

ANO 1.73 +0.02
EXK 3.92 +0.12
NGD 5.80 -0.02

NNVC 2.46 +0.265 12.10%. Scary down bar on April 28.