Monday, August 30, 2010

20100830 PM

Dow 10,009.73 -140.92
Nasdaq 2,119.97 -33.66
SP500 1,048.92 -15.67
10-YrBond 2.55% -1.07

Stocks indices tried to go higher with lighter volume and failed.
Japanese central bank increased credit facilities, to no avail. Metals held price (down marginally) while the dollar ramped higher. Gold close above 1245 and it can quickly run $100 higher.

SQIFF 0.874 +0.079 (9.94%). 52 week high.
MDW 0.499 +0.029 (6.17% )

BAC 12.32 -0.32. Pressing 52 week lows.

Sunday, August 29, 2010

20100829 Weekend

Dow 10,150.65 164.84 (1.65%)
Nasdaq 2,153.63 34.94 (1.65%)
S&P 500 1,064.59 17.37 (1.66%)
10-Yr Bond 2.65% 0.1530

After early morning selloff, stock indices ran higher. Bernanke said the Fed can do more quantitative easing.
Japanese Yen has been marching higher, while Japanese stock market makes new 52 week lows. Reportedly central bank of Japan will meet during the weekend.
Gold and silver higher. Silver up 16% to close into 19s. Smaller miners nearing 52 week highs.

GLD 121.01 +0.05
SLV 18.70 +0.11
PTM 18.12 +0.02

XLE 52.10 +1.32
XLF 13.73 +0.29

VXX 21.50 -1.40 (6.11%)

EXK 3.50 +0.17 (5.11%)
NGD 6.48 +0.43 (7.11%)
SQIFF 0.7950 +0.0550 (7.43%)

Thursday, August 26, 2010

20100826 PM

Dow 9,985.81 -74.25
Nasdaq 2,118.69 -22.85
SP500 1,047.22 -8.11. Close below 1040 will
10-YrBond 2.50% -0.0390

Stock indices could not handle the early higher prices, and sold off.
Bonds look to have a blow-off top in the next couple months.

GLD 120.96 -0.40
SLV 18.59 +0.05
PTM 18.10 +0.04

XLE 50.78 -0.46
XLF 13.44 -0.11

VXX 22.90 +0.23

SDS 35.55 +0.49. Sold at 35.272 for .878 per share gain.

Wednesday, August 25, 2010

20100825 PM

Dow 10,060.06 +19.61
Nasdaq 2,141.54 +17.78
SP500 1,055.33 +3.46. Can bounce to 1080.
10-YrBond 2.54% +0.39

US stock indices rejected lower prices. Look for a bounce then lower prices.
Metals and junior miners showing strength. Gold closing above 1243 will propel it quickly above 1300.
Japan set another 52 week low.
Let's see how the markets do into the weekend, before lightening up some of the shorts. Likely will lighten up the shorts by September 10.

GLD 121.36 +1.00
SLV 18.54 +0.55
PTM 18.06 +0.11

XLE 51.24 -0.16
XLF 13.55 +0.04

VXX 22.67 -0.58

RIMM 47.74 +0.68. If this bounces over the next few days, consider shorting near 50.

Smaller miners are moving:
GBG 2.14 +0.07 (3.38%)
GDXJ 29.62 +1.02 (3.57%). Market Vectors Junior Gold Miners ETF.
MDW 0.46 +0.02 (4.57%)
NGD 5.98 +0.45 (8.14%)
SQIFF 0.77 +0.0582 (8.18%)