Thursday, July 01, 2010

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.

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