Wednesday, October 06, 2010

20101006 PM

Dow 10,967.65 +22.93 (0.21%)
Nasdaq 2,380.66 -19.17 (0.80%)
SP500 1,159.97 -0.78 (0.07%)
10-YrBond 2.3990% -0.75

While metals are extended and could use time to consolidate recent gains, only US currency intervention would be big enough to change the mid-term direction of the metals. A pullback or marking time would be useful for further sustainable gains in the metals.

GLD 131.81 +0.82
SLV 22.69 +0.35. Weekly close above 23 then 35 will be in play.
PTM 20.25 +0.15

XLE 57.93 +0.51
XLF 14.72 -0.01

VXX 16.24 -0.19

ANO 1.27 +0.10 (8.55%)
EXK 4.49 +0.23 (5.40%)

After steady and steep price rises, these are collapsing:
CRM 104.95 -8.96 (7.87%)
CTXS 60.15 -9.85 (14.07%)
EQIX 70.34 -34.75 (33.07%)
RAX 23.29 -2.92 (11.14%)
VMW 77.56 -7.66 (8.99%)

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