Sunday, November 07, 2010

20101105 Weekend

Dow 11,444.08 +9.24
Nasdaq 2,578.98 +1.64
SP500 1,225.85 +4.79
30-yrBond 0.3916% -3.6524

Dollar was higher and metals were higher. At lunch time, dollar took another step higher which pushed metals and indices toward unchanged.

This week the Federal Reserve met expectations and will embark on a further $900 billion of money printing. With the rush higher in stock indices, next week (around Wednesday), look for stock indices to pull back.

GLD 136.38 +0.35. Another all time high.
SLV 26.20 +0.57. Another 30 year high.
PTM 20.94 -0.16

XLE 62.31 +0.31
XLF 15.58 +0.35

VXX 11.14 -0.12

EXK 5.87 +0.62 (11.81%)

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