Thursday, February 03, 2011

20110203 PM, High Yield

Dow 12,062.26 +20.29
Nasdaq 2,753.88 +4.32
SP500 1,307.10 +3.07
30-yrBond 4.66% +0.02

GLD 132.20 +1.75
SLV 28.29 +0.59
PTM 21.62 +0.04

XLE 74.32 +0.04
XLF 16.61 0.00
VXX 29.95 -0.39

Higher dollar put pressure on soft commodities.  Cotton went to Civil War era high then reversed.  Sugar also went higher then reversed.  After morning weakness, precious metals went higher.

AGQ 137.08 5.38 (4.09%)
DBA 34.37 -0.53. Higher dollar pushed down soft commodities.  Considering action in cotton and sugar, consider selling DBA.

COST 74.03 +3.18 (4.49%)
EEE 3.61 +0.34 (10.40%). Has been on a tear the past week.
MDW 1.32 +0.14 (11.86%). Big recovery from yesterday.

High yield:
NLY 17.92 -0.07.  Annaly Capital Management, Inc.  Dividend 14.30%.  Buy around 14.
AGNC 28.90 -0.08.  American Capital Agency Corp.  Dividend 19.40%.  Maybe buy at 26.05.

Notice how the prices are going back to 2008:

Baltic Dry Index











PowerShares DB Agriculture

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