Wednesday, March 02, 2011

20110302 1238

DJIA 12,070.17 +12.15
NASDAQ 2,751.30 +13.89
SP500 1,308.56 +2.23

Indices were slightly red and have recovered.

WTI Crude Oil above 101 (+2%). This will push pump prices to $4/gallon and slow economic recovery while pushing higher prices into products that are dependent on transportation.

GPL 4.11 -0.41. Trailing stop sold 1/2 of the long position at 4.07 for 1.19 per share gain. A close below 4 will find more selling down to 3.50.

Gold positions started yesterday:
NUGT 38.26 +0.38
UXG 8.08 +0.12

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