Thursday, January 27, 2011

20110127 1220

DJIA 11,994.94 +9.50
NASDAQ 2,750.84 +11.34
SP500 1,297.72 +1.09

Considered a long scalp of silver after the sharp sell-off. Instead going into commodities via DBA for a longer hold.

DBA 33.94 -0.04. PowerShares DB Agriculture Fund. Went long at 33.93. Intraday 52 week high. Grains continue to run higher.

SKF 14.66 -0.18. Sold at 14.64 for .49 per share loss. This idea was not working. With the Fed continuing purchases and FASB continuing to allow banks to mark to maturity (instead of mark to market), short financials will have to wait.

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