Tuesday, October 04, 2011

20111004 PM

Dow 10,808.71 +153.41
Nasdaq 2,404.82 +68.99
SP500 1,123.95 +24.72
30-yrBond 2.76% -0.00

Dramatic turnaround in stock indices set up a nice bounce. Indices opened lower, marked time, and ramped higher into close.

GLD 157.64 -3.31
SLV 29.09 -0.40
PTM 16.89 -0.58
XLE 58.37 +1.85
XLF 11.73 +0.45
VXX 52.84 -3.99 (7.03%)

CNSL 17.60 +0.60. 8.6% dividend.

Consider to short next bounce:
ANF 60.25 +0.60
GE 14.86 +0.17

Buy these if gold drops again:
JAG 4.59 -0.04. Jaguar Mining Inc. Ramped higher last 1/2 hour of trading. 52 week range 4.11 - 7.90.
VGZ 3.20 +0.04. Vista Gold Corp. 52 week range 2.25 - 4.59.

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