Monday, October 18, 2010

20101018 PM

Dow 11,143.69 +80.91
Nasdaq 2,480.66 +11.89
S&P 500 1,184.71 +8.52
10-YrBond 2.4910% -0.0850

Dollar was higher and sold off during the day to give up the overnight gains. Commodities turned positive during the day.

After hours:
AAPL is down. There will need to be a lot more selling to cause real destruction in AAPL and the NASDAQ index.
Commodities are down and the dollar has jumped higher.

GLD 134.28 +0.60. While gold could try another test at round number 1400, this is not the place to be aggressively long.
SLV 23.96 +0.21
PTM 20.03 +0.01

XLE 59.37 +0.16
XLF 14.67 +0.32

VXX 14.03 -0.39

UUP 22.32 -0.02

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