Thursday, June 17, 2010

20100617 PM

Dow 10,434.17 +24.71
Nasdaq 2,307.16 +1.23. Considerably lighter volume.
SP500 1,116.04 +1.43
30-yrBond 4.12% -0.78

Indices opened slightly higher, sold off, tried to test unchanged in afternoon, sold off again, then spurted higher into the close.
Europe is planning a banking stress test and planning to publish the results in late July.
Tomorrow is quadruple witching expiry.

Gold higher overnight and tested 1250 this morning. Next level is 1272. Some analysts say with the lighter volume on exchange traded gold, that gold is putting in a triple top.

GLD 121.90 +1.57
SLV 18.33 +0.25
PTM 18.77 +0.12

XLE 55.52 -0.06
XLF 14.78 -0.02

VXX 25.52 -0.75

TNA 48.02 +0.09. Look to close long position tomorrow.

VG 2.68 +0.30 (12.61%)

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