Tuesday, May 18, 2010

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%

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