Sunday, May 09, 2010

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.

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