Thursday, November 11, 2010

20101111 PM

Dow 11,283.10 -73.94
Nasdaq 2,555.52 -23.26
SP500 1,213.54 -5.17
30-yrBond 0.39% -3.85

Dollar higher. Watch how dollar tests 78. After 78, it may go on to 80. Euro will do the opposite.
Troubles with Irish banks and their debt.
Big name earnings misses - Cisco and Disney.

GLD 137.66 +0.42
SLV 27.11 +0.39
PTM 20.71 +0.08

XLE 63.88 +0.70
XLF 15.19 -0.15

VXX 45.43 +0.83

CSCO 20.52 -3.97 (16.21%). Open 20.50. Previous close 24.49. A stop loss would not have protected profits in a long position. Earnings news of lower sales.
DIS 35.93 -1.06 (2.87%)
DRYS 5.63 +0.49 (9.43%)
LVLT 1.12 +0.09 (8.74%)
MVG 9.96 +0.11. Buy retracement around 8.40.
SLW 35.39 +0.61
UUP 22.64 +0.16. PowerShares DB US Dollar Index Bullish. Going for 24.

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