20110830 PM

DOW 11,559.64 +20.39
NASDAQ 2,576.11 +14.00
SP500 1,212.89 +2.81. Repelled at 1220.

Stock indices went slightly higher with light volume.
Precious metals nice move higher.

AGQ 224.22 +7.22
DGP 68.45 +3.52. Long at 68.50 near end of day. Had expected silver to be stronger than gold, but gold is pulling higher quicker than silver.
SDS 22.80 -0.09. Long at 23.05. ProShares UltraShort S&P 500. Price rose last half hour and shook out some shorts, before it went lower to close near flat.

20110830 1247

DJIA 11,506.67 -32.58
NASDAQ 2,557.84 -4.27
SP500 1,205.24 -4.84. Failing to hold 1210, there will be battles around this number the remainder of the day.

Dollar higher. Precious metals higher.
Stock indices turning lower.

SDS 23.018 +0.13. Long at 23.05. ProShares UltraShort S&P 500. Was useful to wait until today to short the index, instead of shorting near end of day yesterday.

20110829 PM

Dow 11,539.25 +254.71
Nasdaq 2,562.11 +82.26
SP500 1,210.08 +33.28
30-yrBond 3.62% +0.09

Stock indices higher on lighter volume and closed at highs.
Was looking for SP500 1208 area to short. Fifteen minutes before close at 1209 was looking at SH as short vehicle. Decided to wait for possible short covering gap higher tomorrow morning. Looking for a big move - which direction?
Precious metals opened lower and closed above opening prices. Since Sunday night, gold volatility has been big.

GLD 173.89 -3.58
SLV 39.72 -0.69
PTM 21.35 -0.01
XLE 67.73 +1.92
XLF 13.30 +0.53
VXX 38.50 -2.57

In yesterday's Barrons weekly financial newspaper, they dared to print the truth about bailouts and monetary manipulation:

"There's no consensus at the Fed. They don't know what to do," says James Bianco, president of Bianco Research. "Government intervention at all levels has shown to be ineffective" at stimulating housing or the broader economy. Now it's time to let the markets clear and allow prices—whether for stocks or housing—to fall to a clearing level. Doing so may be painful near-term, Bianco warns, but long-term, it will lay the groundwork for stronger economic growth.

AGQ 217.00 -7.30. Long at 218.03.

BAC 8.39 +0.63 (8.12%)
SH 43.52 -1.28. ProShares Short S&P 500.

Miner buy out:
AUQ 11.35 -2.57 (18.46%). AuRico Gold Inc. Ordinary Share. Announced buy out of NXG.
NXG 4.03 +0.88 (27.94%). Northgate Minerals Corp. Intraday 52 week high.

20110829 1100

DJIA 11,448.13 +163.59
NASDAQ 2,530.35 +50.50
SP500 1,197.01 +20.21

Precious metals sold off at the open. After an hour of bumping near the morning lows with no further downside, price is recovering.

AGQ 217.90 -6.40. Silver double long. Started 1/2 long position at 218.03. Watch how it handles 221.

20110826 Weekend

Dow 11,284.54 +134.72
Nasdaq 2,479.85 +60.22
SP500 1,176.80 +17.53
10-YrBond 2.19% -0.03

Dollar lower and closed at lows. Precious metals higher and closed at highs.

GLD 177.47 +5.11
SLV 40.41 +0.41
PTM 21.36 +0.06
XLE 65.81 +1.25
XLF 12.77 +0.11
VXX 41.07 -0.65

This week, margin for futures contracts on gold was raised. Following the script of the silver take-down earlier this year, will there be more margin hikes the next few weeks? Increasing volatility in price of gold. Gold closed well over 1750 (which was a key level) at 1794. If gold tests lower 1700s next week, that would be a nice buy. For precious metal futures traders, the disparity in leverage between silver and gold has been reduced thus slightly increasing the attractiveness of paper silver.
Barron's article Gene Epstein saying gold price not going higher for a year. James Turks says gold will quickly go over 1900 and "should hit $2,000 within 30 days".

Big lunar cycles this upcoming Monday.

Head of the private Federal Reserve, chief counterfeiter Ben Bernanke, spoke at the big bash in Jackson Hole and didn't say much.

Bill Cara wrote, "Yesterday, in the heat of a crushing sell-off in the heaviest weighted components of GDX and GDXJ, two of my holdings, which are not included in either of those indexes, closed the day over +10% higher.
The ETF situation has gotten so bad for honest traders that I really have no more appetite trading the components, and I’m going to recommend to the smaller companies whose shares have been put into GDXJ that they bitterly complain to the SEC, and demand their ticker symbols be removed."

BAC 7.76 +0.11

20110825 1027

DOW 11,215.82 -104.89
NASDAQ 2,441.70 -25.99
SP500 1,167.49 -10.11

DGZ 12.08 0.18. Sold overnight long at 12.07 for .20 per share gain.

20110824 PM

Dow 11,320.71 +143.95
Nasdaq 2,467.69 +21.63
SP500 1,177.60 +15.25
30-yrBond 3.61% +0.14

Dollar slightly higher. Financials recovered. Gold futures margins raised 27%, which will put several more days of pressure on the price of gold.
Metals sharply lower, for second day.

GLD 171.64 -6.02
SLV 38.83 -1.80
PTM 21.16 -0.75
XLE 65.95 +0.39
XLF 12.70 +0.33
VXX 40.90 -0.87

AGQ 208.50 -20.99 (9.15%). Sold at 210.79 for 25.71 per share loss.
UPRO 52.56 +2.17 (4.31%). Sold two positions at 50.18 for approximately 1.9 per share gain.

DGZ 11.90 +0.50 (+4.39%). Long at 11.87 to hedge physical holdings.

BAC 6.99 +0.69 (10.95%). Analysts pumping.

20110819 Weekend

Dow 10,817.65 -172.93
Nasdaq 2,341.84 -38.59
SP500 1,123.53 -17.12
10-YrBond 2.07% -0.01

Dollar was sharply lower Friday morning, particularly against the Yen. Dollar recovered a little of the losses.

Thursday overnight and into Friday morning was bad news and world markets looking to pull USA markets lower. There was significant fear Thursday night. Friday USA stock indices held up.
Stock indices closed at daily lows. Monthly charts are breaking down.
This weekend closes monthly option expiration. Surprising there was not massive expiration-related volume to the downside today.

Trading volume should lighten up with more people on holiday the next couple weeks.

GLD 179.95 +2.23 (1.25%)
SLV 41.68 +2.02 (5.09%)
PTM 21.68 -0.29
XLE 63.24 -1.14
XLF 12.13 -0.25
VXX 42.55 +2.08

FTSE in London held price. May bounce on Monday.

Gold another all-time high made with steady, orderly moves higher. With continuing new highs, look for further futures margin hikes. Venezuela's Chavez is repatriating gold, which may be causing a scramble for physical gold (not paper exchange-traded gold) which may be putting the bid on physical gold. At some point, a major miner will buy a junior miner which will start to break the current trade of long physical and short miner stock.
On watch for additional gold futures margin increases.

Physical silver closed in 42s. Will begin next week on solid technical ground. Looks to test $44.

Oil 3.7% lower this week.

Euroland banks are breaking down and country bailouts are potentially breaking down. The country bailouts are actually bailouts to the banks, so these are one in the same.

0% Interest Rates Lock in Inflation
The decision by the Fed, last week, to keep a key interest rate at near zero percent for 2 years is historic because the Fed has never done this before.
...
This ... telegraphs a policy of inflation by the government.
...
Zero percent interest on a key Fed rate confirms my prediction right along with the rising inflation in just about everything except housing.

Rolling Stone magazine is becoming the premier financial investigative reporter. So long WSJ and Barron's.

Is the SEC Covering Up Wall Street Crimes?
A whistle-blower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals.

AGQ 241.57 +22.32 (+10.18%). Long at 236.50 to be long silver over the weekend. 52 week range 56.70 - 382.08.

DGP 69.14 +1.53 (+2.26%). Sold at 69.17 for 4.18 per share gain to take profits after quick gold move higher. Moved funds into AGQ.
UPRO 45.92 -2.23 (-4.63%).

HPQ 23.60 -5.91 (-20.03%). Multi-year low.

AUY 15.51 +0.22.
MDW 2.26 +0.02.
TRE 5.29 +0.17.

20110818 PM

Dow 10,990.58 -419.63. Closed below round number 11,000.
Nasdaq 2,380.43 -131.05.
SP500 1,140.65 -53.24. Bulls need solid move above 1150.
Nyse 7,079.41 -339.53
30-yrBond 3.44% -0.13

Dollar up. Oil down.
Gold, silver and platinum up. Gold at all-time highs and most miners lower.
Stock indices gapped lower and are testing key levels. Indices did not bounce during the day with small short-covering bounce in last ten minutes. Volume was lighter than may be needed to push considerably lower.
Downtick -1728 is big. May have another big one tomorrow morning.
Monthly option expiration this weekend.

GLD 177.72 +3.30 (1.89%)
SLV 39.66 +0.33 (0.84%)
PTM 21.97 +0.47 (2.19%)
XLE 64.38 -3.96 (5.79%)
XLF 12.38 -0.63 (4.84%)
VXX 40.47 +6.94 (20.7%)

BGU 49.49 -7.52 (-13.19%). This morning stopped out of two positions. One for loss of 5.29 per share and the other for loss of 7.48 per share.
UPRO 48.15 -7.22 (-13.04%). At end of day started 1/2 long position at 48.27.

MRVL 11.97 -0.88 (-6.85%). MARVELL TECHNOLOGY GROUP LTD ORD. Earnings down nearly 13%.
XIV 7.73 -1.93 (-19.98%). VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN.
HPQ 29.51 -1.88 (-5.99%). Wild intraday trading on news and earnings released during day.

20110817 PM

Dow 11,410.21 +4.28
Nasdaq 2,511.48 -11.97
SP500 1,193.89 +1.13
30-yrBond 3.57% -0.08

GLD 174.42 +0.50
SLV 39.33 +0.30
PTM 21.50 +0.25
XLE 68.34 +0.27
XLF 13.01 +0.08
VXX 33.53 +0.66

Today, 17th, was big astro cycle day.
Dollar lower and looks to go lower ... to test 72.
Expecting stock indices to move higher.
Metals slightly higher. Gold is building a base to retake 1800. Silver closed above round number 40.

Chavez in Venezuela is nationalizing gold miners. Also moving Venezuela-owned gold from safekeeping outside the country into the country. 15th largest holder of Venezuela, having 365 tons of gold. 99 tons is at Bank of England.

BGU 57.01 -0.02. Increased long position at 57.10.

20110817 1253

DOW 11398.48 -7.45
NASDAQ 2509.50 -13.95
SP500 1194.17 +1.41
10Yr.T-Note 2.183% -0.31

Looking for stock index strength to accelerate.
Metals remain strong, with silver over 40.

BGU 56.91 -0.12. Increased long position at 57.1.

AUY 15.45 +0.21. Strong miner.
MDW 2.23 +0.00

20110816 PM

Dow 11,405.93 -76.97
Nasdaq 2,523.45 -31.75
SP500 1,192.76 -11.73
10-YrBond 2.21% -0.07

Dollar and oil mostly flat.
Gold closed higher at 1778.50. Silver closed higher 39.87, and is trading at 40 round number after hours. Metals weekly closes will be important.

GLD 173.92 +2.12
SLV 39.03 +0.36
PTM 21.25 +0.17
XLE 68.07 -1.15
XLF 12.93 -0.26
VXX 32.86 +0.68

20110815 PM

Dow 11,482.90 +213.88
Nasdaq 2,555.20 +47.22
SP500 1,204.49 +25.68. Going for 1249.
30-yrBond 3.7470% +0.0440

Dollar down. Metals up. Oil barely positive. Gold back above Jim Sinclair's 1764 "angel".
Consider selling gold at 1781 later this week, unless it runs into 1800.
Option expiry week. Stock indices look to go a little higher into Wednesday.
Happy Birthday, Free-Floating U.S. Dollar

GLD 171.8 +1.83
SLV 38.67 +0.55
PTM 21.08 +0.07
XLE 69.22 +2.26 (3.38%)
XLF 13.19 +0.41 (3.21%)
VXX 32.18 -1.95 (5.71%)

AUY 15.28 +0.45. Yamana Gold, Inc. 52 week range 9.73 - 15.30.
MDW 2.24 -0.08. Midway Gold Corp. 52 week range 0.42 - 2.89.

20110812 Weekend

Dow 11,269.02 +125.71
Nasdaq 2,507.98 +15.30
SP500 1,178.81 +6.17
10-YrBond 2.2370% -0.0990

Another record closing high for gold. CME raised gold margins 22%.

GLD 169.97 -0.78
SLV 38.12 +0.32
PTM 21.01 +0.07
XLE 66.96 +0.49
XLF 12.78 -0.09
VXX 34.13 +0.35

EDZ 23.32 +0.03. Closed at 23.33 for per 5.92 pershare loss. Really bad trade that chased the end of a move. At least it was a tiny tiny position.
BGU 55.12 +1.14. Started long position at 54.89.

20110811 PM

Dow 11,143.31 +423.37
Nasdaq 2,492.68 +111.63
SP500 1,172.64 +51.88
10-YrBond 2.3360% +0.1990

The carnival ride continues.
CME raised gold margin requirement 22%.

GLD 170.75 -3.83
SLV 37.80 -0.64
PTM 20.94 +0.28
XLE 66.47 +3.28 (5.19%)
XLF 12.87 +0.68 (5.58%)
VXX 33.78 -1.39 (3.95%)

20110810 PM

Dow 10,719.94 -519.83 (4.62%). Big problem below 10604.
Nasdaq 2,381.05 -101.47 (4.09%)
SP500 1,120.76 -51.77 (4.42%)
30-yrBond 3.54% -0.04

Reversing yesterday's upside action, indices down. This massive volatility is good for traders but investors will be stepping away from the casino.
Dollar up. Gold over 1800. Silver and platinum higher. Oil lower.

GLD 174.58 +5.97 (3.54%)
SLV 38.44 +2.12 (5.85%)
PTM 20.65 +0.24 (1.18%)
XLE 63.19 -2.26 (3.45%)
XLF 12.19 -0.91 (6.95%)
VXX 35.17 +3.91 (12.51%)

DGP 65.43 +4.08 (6.65%). Long at 64.99.
ZSL 13.44 -1.61 (10.70%). Performed it's job of being a short term hedge against my physical. Closed position today at 13.75 for 1.1 per share loss.

ORCL 26.48 -1.12 (4.06%). Industry leader caught in market downdraft.

20110809 PM

Dow 11,239.77 -429.92
Nasdaq 2,482.52 -124.83
SP500 1,172.53 -53.07
30-yrBond 3.57% -0.09

Indices turned red as The Bernank was speaking, then recovered and ramped higher into the close. Indices making a decent bottom and are setting up for a nice bounce.
Dollar lower. Crude at $80 has had a huge price plunge.
Gold price intraday higher than platinum price. This is a rare event. Purchased physical gold bullion today.

GLD 168.61 +1.491
SLV 36.32 -1.65
PTM 20.41 +0.39
XLE 65.45 +3.17 (5.09%)
XLF 13.1 +0.94 (7.76%)
VXX 31.26 -3.52 (10.12%)

ZSL 15.05 +1.18 (8.51%). Was purchased Friday to hedge physical silver bullion. Was nervous about this over the weekend. Now this hedge is performing well.

20110808 PM, EDZ

Dow 10,809.85 -634.76 (5.55%). Weekly close below 10,800 would be extremely negative.
Nasdaq 2,357.69 -174.72 (6.90%). Semiconductors showed some relative strength.
This may be first index to bounce.
SP500 1,119.46 -79.92 (6.66%). Huge volume. Straight down to October 2008 monthly levels.
30-yrBond 3.66% -0.16. Even after Standard & Poor's downgraded USA debt, money moved into bonds pushing rates lower. Apparently there is nowhere else to put liquid money (other than gold). Higher interest rates would immediately implode the USA economy and make government refinancing costs unbearable.

Indices continued to sell off into the close. The longs are trapped and the knife-catching dip buyers pulled their bids.
Dollar up. Gold much higher. Silver up. Platinum slightly down. Copper and oil lower.

GLD 167.11 +5.36 (3.32%). Ramped higher and held onto gains during the day. Gold contract closed at 1717.50 up 54.10. Targeting 1900. Could be going parabolic. Jim Sinclair's gold target of 1650 is gone, and 1764 is on the way. Round number targets of 1900 and 2000 are in play.
SLV 37.97 +0.65 (1.74%). Gave up some of the gains during the day. Gold is dragging this along. The parabolic move earlier this year with the sharp sell-down (and margin increases) has caused real damage to the "juice" that had been in silver.
PTM 20.02 -0.04 (0.2%)
XLE 62.28 -5.79 (8.51%)
XLF 12.157 -1.273 (9.48%)
VXX 34.78 +4.47 (14.75%)

EDZ 29.03 +5.68 (+24.33%). DIREXION DAILY EMERGING MARKETS BEAR 3X SHARES. Has had a huge move. After hours started small position at 29.25 to sell in the morning.

IYR 49.05 -4.56 (8.51%). iShares Dow Jones US Real Estate. 52 week range 48.95 - 63.00.

MDW 2.05 -0.11 (5.09%). Nine months of outperformance, yet caught in the selling.
SLW 33.24 -0.91 (2.66%)

BAC 6.51 -1.66 (20.32%)
C 27.95 -5.49 (16.42%)

F 9.93 -0.91 (8.39%)
GM 24.57 -1.74 (6.61%)

BRAQ 14.71 -1.32 (8.23%). GLOBAL X BRAZIL CONSUMER ETF.
EWZ 57.00 -5.83 (9.28%). ISHARES MSCI BRAZIL INDEX FUND.

Telecom dividends are looking interesting:
BCE 35.95 -0.98 (2.65%). Bell Canada. 5.70% dividend. Let it go lower to 33s.
CNSL 16.77 -0.74 (4.23%). 8.80% dividend.
T 27.70 -1.23 (4.25%). AT&T. 5.90% dividend.
VZ 33.12 -1.93 (5.51%). 5.60% dividend.

South African miners (using Rand currency) showed relative strength:
GBG 1.87 +0.00. 52 week range 1.67 - 3.32.
GFI 14.65 -0.15 (1.01%)
HMY 13.05 -0.09 (0.68%)

20110805 Weekend

Dow 11,444.61 +60.93
Nasdaq 2,532.41 -23.98. Another huge volume down day.
SP500 1,199.38 -0.69
30-yrBond 3.8230% +0.1010

Massive downtick of -1752 portends a bounce. Margin calls will be happening early next week, so Monday might open down.

GLD 161.75 +1.11
SLV 37.32 -0.29
PTM 20.06 -0.13
XLE 68.07 -0.66
XLF 13.43 -0.26
VXX 30.31 +1.42 (4.92%)

USA major stock indices are negative for the year. T-bill rates went negative (similar to 2008).

According to Bloomberg, "... the past week’s market plunge wiped out about $2 trillion in global equity value."

This week USA politicians raised debt ceiling beyond 2012 election and promised future spending reductions. A day later there was big volatility worldwide in all sectors. Crude oil and copper plunged. Gold and silver held up relatively well, though miners were hit.

On the week, gold was higher and silver was lower.
Gold made another record high this week. Gold is being bought in large amounts by governments and private individuals. While someone with a large interest in GLD could liquidate and precipitate further selling, gold held up well this week.
Silver is very volatile. While it could break down, when it eventually has a weekly close above $50 I expect it to quickly rise to $80+. $62 silver in January 2012 is possible.

A Chinese rating agency downgraded USA debt. The USA-based Standard & Poor's rating agency downgraded USA debt from AAA may precipitate selling (pensions, endowments, insurance, etc.). State and municipal downgrades should quickly follow.
Neil Cavuto discussing debt rating with Presidential candidate Ron Paul:


Any positives are being sold - bearish action. When will there be a bounce, and will it be sustained? Was this sell-off a setup for QE3? The Fed meets Tuesday. There has been recent stealth easing such as the release of oil from the Strategic Petroleum Reserve, which depressed prices.

In a sign of dysfunctional monetary policy and predatory banks BNY Mellon will charge negative interest on accounts with large cash deposits: Bank of New York Mellon Corp. on Thursday took the extraordinary step of telling large clients it will charge them to hold cash.

Labor participation dropped to a multi-decade low. This makes unemployment numbers look better than the reality.

Germany is saying Italy's debt problems are too big to be handled by the EU. "The government doubts whether even tripling the size of the rescue fund, known as the European Financial Stability Facility, would enable it to save Italy because the country's financing needs are so enormous, the magazine reports without naming the source of its information." If Italy's banks start to fail, there will be exposure of worldwide financial insolvency.

ZSL 14.33 +0.25. ProShares UltraShort Silver. Went long Friday to hedge some of the physical silver in my possession. This is simply a hedge. Anticipate keeping this hedge for a few trading days - until some normalcy returns.

Recent trade analysis:
Good to sell MDW after huge run.
Expired trailing stop on leveraged BGU inflicted pain. Lessons - nice sell, moved too fast into leverage on other side, away from markets without trailing stop.
Tried to trade volatility on Friday and was stopped out for mostly losses. Good to step back and stop trading.

Other than MDW, miners have been lagging. To step away from markets and into cash, sold the remaining miners Friday, mostly for losses:
RTRAF
TKRFF
OKOFF
UXG
MDW
GPL
EXK

BAC 8.17 0.66 (7.47%). 52 week range 8.03 - 15.31. Intraday 2 year low. The ridiculously cheap $8.5 billion "settlement" has the New York Attorney General pusuing BAC for related violations.
F 10.84 -0.02
GM 26.31 +0.32. 52 week range 24.49 - 39.48. Intraday 52 week low.

IPSU 9.44 -13.75 (59.29%). Imperial Sugar Co. 52 week range 9.21 - 25.68. Intraday 52 week low.

20110805 1212

DOW 11,260.17 -123.51
NASDAQ 2,494.32 -62.07
SP500 1,180.41 -19.66

SDS 25.20 +0.71. Trailing stop sold at 25.28 for .12 per share gain.

20110805 1205

DOW 11,191.52 -192.16
NASDAQ 2,477.03 -79.36
SP500 1,172.86 -27.21

Gold holding while silver let loose to the downside.

ZSL 14.80 +0.72. ProShares UltraShort Silver. Long at 14.85. Will hold for a few days of more selling and volatility.

20110805 1144

DOW 11,280.75 -102.93
NASDAQ 2,507.33 -49.06
SP500 1,183.83 -16.24

SDS 25.12 +0.63. Double short SP500. Long at 25.17. Another try, with smaller position size. Trailing stop .50.

20110805 1130

DOW 11,297.25 -86.43
NASDAQ 2,519.70 -36.69
SP500 1,188.51 -11.56

AGQ 200.40 +2.77. Stopped out at 199.3 for 6.2 per share loss on small position.
SDS 25.02 +0.53. Stopped out at 24.76 for .02 per share gain.

20110805 1117, Below low of day

DOW 11,266.71 -116.97
NASDAQ 2,512.34 -44.05
SP500 1,184.29 -15.78

Major stock indices dropping below daily low. Waterfall cascade.

AGQ 201.58 +3.95
SDS 25.08 +0.59

20110805 1104

DOW 11,337.89 -45.79
NASDAQ 2,530.75 -25.64
SP500 1,193.25 -6.82

AGQ 205.22 +7.59 (+3.84%). Double long silver. Long at 205.5. Trailing stop $5, currently just below low of day.
SLV 38.28 +0.67.

20110805 1047

DOW 11,344.06 -39.62
NASDAQ 2,531.89 -24.50
SP500 1,194.22 -5.85

Stock indices unable to hold small gains, and turning into negatives. Re-entering short with less leverage.

SDS 24.76 +0.27. Double short SP500. Long at 24.74. Trailing stop .50.

20110805 1006

DOW 11,351.52 -32.16
NASDAQ 2,519.28 -37.11
SP500 1,191.41 -8.66

Big market decline yesterday with big volume. This morning after opening higher, markets moving lower. In the future, much lower prices are setting up.

BGU 59.25 -1.15. Sold at 58.77 for for 11.16 per share loss. Day stop from Wednesday had expired and a new trailing stop was not entered and was away from the markets Thursday. Lesson about trailing stops (re)learned.

20110803 1458

DOW 11,852.69 -13.93
NASDAQ 2,685.96 +16.72
SP500 1,255.34 +1.29

BGZ 39.64 -0.08. Stopped out at 39.53 for .43 per share loss.
BGU 69.91 +0.21. Bought at 69.93. Tailing stop 1.1.

20110803 1440

DOW 11,821.21 -45.41
NASDAQ 2,678.81 +9.57
SP500 1,251.44 -2.61

Indices not moving higher to hold gains, and starting to roll lower.

MWJ 42.66 -0.29. DIREXION DAILY MID CAP BULL 3X. Trailing stop sold at 42.68 for .46 per share loss.
BGZ 39.77 +0.05. DIREXION DAILY LARGE CAP BEAR 3X. Long at 39.97. Trailing stop .5.

20110803 1406, MDW MWJ

DOW 11,855.98 -10.64
NASDAQ 2,683.64 +14.40
SP500 1,255.32 +1.27

MDW 2.51 -0.06. Has been a nice run with this miner stock and for the metals. Sold at 2.51 for 1.86 per share gain.
MWJ 42.96 +0.01. DIREXION DAILY MID CAP BULL 3X. Bought small position at 43.14. Trailing stop .50.

20110802 PM

Dow 11,866.62 -265.87. Sold off into the close.
Nasdaq 2,669.24 -75.37
SP500 1,254.05 -32.89
10-YrBond 2.62% -0.12

General index buy, for a bounce, did not materialize. Politicians must be nervous and QE3 is nearing. European indices sharply lower. Swiss Franc sharply higher.

^TYX 3.92 -0.15 (3.73%). Treasury Yield 30 Years. Yield below 4%.

GLD 161.52 +3.80
SLV 39.82 +1.53
PTM 20.91 +0.01
XLE 74.21 -2.12
XLF 14.34 -0.40
VXX 23.97 +1.56

F 11.85 -0.50 (4.05%). 52 week range 10.95 - 18.97.
GM 27.05 -1.02 (3.63%). 52 week range 27.02 - 39.48.
MDW 2.57 +0.05
SLV 39.82 +1.53 (+4.00%). At 3PM broke strongly above day high of 39.25 to shoot higher. Closed into highs of day.

20110802 1141, SLV

DOW 12,024.95 -107.54
NASDAQ 2,720.76 -23.85
SP500 1,272.43 -14.51

If the lows hold, may go long a general index.

SLV 39.19 +0.90. Sold at 39.2 for .3 per share gain.
MDW 2.58 +0.06. Put on wide 10% trailing stop.

20110801 PM

Dow 12,132.49 -10.75
Nasdaq 2,744.61 -11.77
SP500 1,286.94 -5.34
30-yrBond 4.07% -0.06

Stock indices opened higher and sold off for a couple hours, before recovering.
Likely federal debt ceiling increase this evening.

GLD 157.72 -0.57
SLV 38.29 -0.56
PTM 20.9 +0.14. Relative strength in metals.
XLE 76.34 -0.11
XLF 14.75 -0.04
VXX 22.41 -1

GM 28.07 +0.39. 52 week range 27.31 - 39.48.
MDW 2.52 +0.14 (+5.88%). MIDWAY GOLD CORP. 52 week range 0.39 - 2.89.
Z 30.22 -2.00 (6.21%). Zillow, Inc. Recent IPO. 52 week range 30.17 - 60.00.