Sunday, January 16, 2011

20110114 Weekend

Dow 11,787.38 +55.48
Nasdaq 2,755.30 +20.01
SP500 1,293.24 +9.48
30-yrBond 4.53% +0.04

GLD 132.69 -1.36. May test 1320.
SLV 27.74 -0.26. Look to buy more silver if it drops another .60 next week.
PTM 21.32 +0.07

XLE 70.65 +0.76
XLF 16.72 +0.26
VXX 31.57 -1.42

US markets are closed Monday for a federal holiday.

Precious metals were pounded this week. Considered selling the silver miner long, but decided to wait and see what happens with future expiry at the end of January. Supposedly JPMorgan will be allowed to continue shorting silver into the ground.

AAPL 348.48 +2.80. 52 week range 190.25 - 348.48.
LEDS 17.72 -1.04. SemiLEDs Corporation. Price dropped 1/3 Thursday morning.

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