Monday, April 18, 2011

20110418 PM

Dow 12,201.59 -140.24
Nasdaq 2,735.38 -29.27
SP500 1,305.14 -14.54
30-yrBond 4.45% -0.01

PMs didn't sharply move higher on S&P caution on USA debt. Is this really news? Nice recovery day by silver, though both gold and silver are overbought. Gold 1500 and silver 43.6 are important levels to test tomorrow.

GLD 145.93 +0.88
SLV 42.42 +0.58
PTM 20.99 +0.04

XLE 76.04 -1.15
XLF 15.92 -0.22
VXX 28.13 +0.58

Miner covered calls that were sold last month expired worthless over the weekend.
GPL 4.01 -0.07. Increased long position by 1/3 at 3.92 today.

CSCO 16.73 -0.30. 52 week low.
LLEN 7.41 +0.76 (11.43%). L & L Energy, Inc. Looks for 9.05 then 10.

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