DJIA 10,135.74 -94.22
NASDAQ 2,199.35 -23.14
SP500 1,072.59 -10.89
The indices took a steep slide down. Day traders will be covering shorts here. I am going to stay short because beyond today the balance of energy is not for higher prices.
With index slide, dollar went higher and precious metals showed some weakness.
SDS 34.45 +0.68
Wednesday, July 21, 2010
20100721 1352
DJIA 10,244.27 +14.31
NASDAQ 2,222.40 -0.09
SP500 1,084.16 +0.68
SDS 33.71 -0.06. Bought more at 33.77.
GORO 14.18 +0.28
NASDAQ 2,222.40 -0.09
SP500 1,084.16 +0.68
SDS 33.71 -0.06. Bought more at 33.77.
GORO 14.18 +0.28
Sunday, July 18, 2010
20100716 Weekend
Dow 10,097.90 -261.41
Nasdaq 2,179.05 -70.03
SP500 1,064.88 -31.60
30-yrBond 3.95% -0.19
Indices were sold all day, to close near lows.
Gold and silver again had a lower weekly close.
GLD 116.67 -1.56
SLV 17.49 -0.46
PTM 17.82 -0.33
XLE 51.73 -1.26
XLF 14.13 -0.62 (4.21%)
VXX 27.37 +1.67 (6.50%)
MDW 0.43 -0.04 (8.51%). Midway Gold Corp.
http://www.bizjournals.com/denver/stories/2010/07/05/daily28.html?ana=e_du_pap
Gold Resource Corp. has been approved to apply for listing of its common stock on the NYSE: Amex.
The Denver company (OTC BB: GORO) is a gold producer with operations in the southern Mexico state of Oaxaca.
Nasdaq 2,179.05 -70.03
SP500 1,064.88 -31.60
30-yrBond 3.95% -0.19
Indices were sold all day, to close near lows.
Gold and silver again had a lower weekly close.
GLD 116.67 -1.56
SLV 17.49 -0.46
PTM 17.82 -0.33
XLE 51.73 -1.26
XLF 14.13 -0.62 (4.21%)
VXX 27.37 +1.67 (6.50%)
MDW 0.43 -0.04 (8.51%). Midway Gold Corp.
http://www.bizjournals.com/denver/stories/2010/07/05/daily28.html?ana=e_du_pap
Gold Resource Corp. has been approved to apply for listing of its common stock on the NYSE: Amex.
The Denver company (OTC BB: GORO) is a gold producer with operations in the southern Mexico state of Oaxaca.
Thursday, July 08, 2010
20100708 1419
DJIA 10,036.52 +18.24
NASDAQ 2,151.00 -8.47
SP500 1,058.82 -1.45
Large bounce yesterday above some support levels provided hope that rally would continue through the summer. Today the indices tested higher prices on lighter volume, and the indices are now breaking to lows of the day.
Precious metals can be bought here for a bounce.
SDS 35.51 +0.07. ProShares UltraShort S&P 500 ETF. Started small position at ~35.51. May add more tomorrow (Friday).
NASDAQ 2,151.00 -8.47
SP500 1,058.82 -1.45
Large bounce yesterday above some support levels provided hope that rally would continue through the summer. Today the indices tested higher prices on lighter volume, and the indices are now breaking to lows of the day.
Precious metals can be bought here for a bounce.
SDS 35.51 +0.07. ProShares UltraShort S&P 500 ETF. Started small position at ~35.51. May add more tomorrow (Friday).
Tuesday, July 06, 2010
20100706 1018
Dow 9,848.60 +162.12
Nasdaq 2,134.54 +42.75
SP500 1,041.64 +19.06
10-YrBond 2.99% +0.09
Indices are bouncing and appear to be setting up further downside.
ZSL 35.70 +0.43. Sold at 35.26 for 1.09 gain.
Nasdaq 2,134.54 +42.75
SP500 1,041.64 +19.06
10-YrBond 2.99% +0.09
Indices are bouncing and appear to be setting up further downside.
ZSL 35.70 +0.43. Sold at 35.26 for 1.09 gain.
Thursday, July 01, 2010
20100701 PM, Bear Market
Dow 9,732.53 -41.49
Nasdaq 2,101.36 -7.88
SP500 1,027.37 -3.34
10-YrBond 2.93% -0.24
Euro higher and dollar much lower. Indices sold off then staged some recovery.
Gold and silver down dramatically.
Indices have returned to September 2009 levels. The bear market that began in 2007 has returned.
GLD 117.04 -4.64 (3.81%)
SLV 17.44 -0.77 (4.23%)
PTM 17.77 -0.35 (1.93%)
XLE 49.50 -0.18
XLF 13.68 -0.13
VXX 30.90 -0.30
EVOGF 0.77 +0.01
MDW 0.50 +0.04 (8.70%). Made 52 week low then rebounded strongly. 52 week range 0.41 - 1.04.
Nasdaq 2,101.36 -7.88
SP500 1,027.37 -3.34
10-YrBond 2.93% -0.24
Euro higher and dollar much lower. Indices sold off then staged some recovery.
Gold and silver down dramatically.
Indices have returned to September 2009 levels. The bear market that began in 2007 has returned.
GLD 117.04 -4.64 (3.81%)
SLV 17.44 -0.77 (4.23%)
PTM 17.77 -0.35 (1.93%)
XLE 49.50 -0.18
XLF 13.68 -0.13
VXX 30.90 -0.30
EVOGF 0.77 +0.01
MDW 0.50 +0.04 (8.70%). Made 52 week low then rebounded strongly. 52 week range 0.41 - 1.04.
20100701 1037
DOW 9,668.14 -105.880
NASDAQ 2,073.04 -36.200
SP500 1,015.92 -14.790
With world indices and US indices down several days in a row, and a losing quarter for US indices on the books, and a pre-holiday upside bias not appearing, and geopolitical uncertainty, traders are selling to avoid being long over the long weekend.
Concerns that selling may turn into a waterfall.
BGZ 19.09 +0.84 (+4.60%). Started two small positions (large cap triple short) average price of 19.
ZSL 34.25 +1.79 (+5.51%). Went long (silver double short) at 34.17.
NASDAQ 2,073.04 -36.200
SP500 1,015.92 -14.790
With world indices and US indices down several days in a row, and a losing quarter for US indices on the books, and a pre-holiday upside bias not appearing, and geopolitical uncertainty, traders are selling to avoid being long over the long weekend.
Concerns that selling may turn into a waterfall.
BGZ 19.09 +0.84 (+4.60%). Started two small positions (large cap triple short) average price of 19.
ZSL 34.25 +1.79 (+5.51%). Went long (silver double short) at 34.17.
20100701 1027
DOW 9,707.82 -66.200
NASDAQ 2,083.64 -25.600
SP500 1,021.16 -9.550
Pre-holiday upside bias has not yet appeared.
SSO 31.68 -0.528. Stopped out at 31.63 for 4.14 per share loss. While anticipating pre-holiday seasonality upside, this went further than it should have gone.
NASDAQ 2,083.64 -25.600
SP500 1,021.16 -9.550
Pre-holiday upside bias has not yet appeared.
SSO 31.68 -0.528. Stopped out at 31.63 for 4.14 per share loss. While anticipating pre-holiday seasonality upside, this went further than it should have gone.
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