Wednesday, November 23, 2011

20111123 PM

DJIA 11,257.55 -236.17
NASDAQ 2,460.08 -61.20
SP500 1,161.79 -26.25

The morning Germany's $5 billion debt issuance was under-subscribed (failed). Germany is the strong country in the Euro, so this means every other Euro country is weaker and will have greater difficulty selling debt.
European countries will likely begin issuing "euro dollar bonds" to achieve lower interest rates. This is issuing bonds that are payable in US Dollars.

Dollar higher. Going for 1.40 higher. This will put additional pressure on stocks and commodities.
Money continues to flow into US treasuries.

GLD 164.83 -0.48
SLV 30.93 -0.96
PTM 17.88 -0.25
XLE 64.29 -2.01
XLF 11.75 -0.33
VXX 48.60 +2.18

AGQ 56.80 -3.71 (-6.13%). Out for an appointment and trailing stop closed intraday long position at 57.48 for .16 per share gain.

20111123 1207 AGQ

DJIA 11,320.75 -172.97
NASDAQ 2,475.81 -45.47
SP500 1,168.99 -19.05

Dollar up. Indices and commodities down.

Thursday, tomorrow, markets closed for Thanksgiving. Historically, Friday is single most positive day of trading year. Nobody wants to be long now and over the weekend due to European financial problems and Euro.

AGQ 57.23 -3.28 (-5.42%). Long at 57.32. Looking for intraday two points.

Monday, November 21, 2011

20111121 1200 DUG

DJIA 11,500.76 -295.40
NASDAQ 2,510.69 -61.81
SP500 1,187.97 -27.68
NYSE 7,103.10 -179.36

The unconstitutional "super committee" on cutting federal government debt has failed.
Commodities are selling off.
There are reports MF Global's missing customer funds are not $600m but billions. People are losing confidence in the markets.

DUG 29.53 +1.56. Intraday trailing stop sold position at 29.49 for 1.94 per share gain.

Sunday, November 20, 2011

20111118 Weekend, Cocoa

Dow 11,796.16 +25.43
Nasdaq 2,572.50 -15.49
SP500 1,215.65 -0.48
30-yrBond 2.9960% +0.0210

GLD 167.62 +0.52
SLV 31.40 +0.76
PTM 18.43 +0.04
XLE 68.15 -0.41
XLF 12.50 +0.04
VXX 46.89 -1.55

DUG 27.97 +0.29
TRX 2.50 +0.06

Cocoa's Woes Set to Dissolve, at Barrons.com describes near-term fundamentals. A few lines from the article:
Several factors have pushed down cocoa prices for the 2011-2012 crop year, which began in October. However, shrinking supplies and steady demand will be sending those prices higher next year. ...
Starting with the March 2012 contract, IntercontinentalExchange, or ICE, one of the main markets for cocoa trading, will implement higher standards for the cocoa traded on the exchange, limiting the amount of cocoa shells, dust and other debris from shipments.
Some investors have exited from the December contract, waiting for the guarantee of beans with less debris in the March contract, which is the next one after December.

Thursday, November 17, 2011

20111117 1249 DUG TRX

DJIA 11,753.09 -152.50
NASDAQ 2,587.05 -52.56
SP500 1,217.01 -19.90

DUG 27.59 +1.05. ProShares UltraShort Oil & Gas. Long at 27.55.
TRX 2.49 -0.10. Tanzanian Royalty Exploration Corp. Selling long at 2.48 for .10 per share gain.

SLV 30.41 -2.41 (-7.34%). Big down bar looks to retest 30.

Wednesday, November 16, 2011

20111116 PM

Dow 11,905.59 -190.57
Nasdaq 2,639.61 -46.59
SP500 1,236.91 -20.90
30-yrBond 3.0550% -0.0420

Oil hit 101 per barrel.

GLD 171.51 -1.85
SLV 32.82 -0.84
PTM 18.81 -0.25
XLE 70.16 -1.07
XLF 12.71 -0.32
VXX 46.29 +2.16

CME 241.18 -16.33 (6.34%). Reports are CME new of a huge wire transfer of funds from MF Global to JP Morgan just before the MF Global bankruptcy.
JEF 10.32 -0.70 (6.35%). Jefferies Group, Inc.

Sunday, November 13, 2011

20111111 Weekend

Dow 12,153.68 +259.89
Nasdaq 2,678.75 +53.60
SP500 1,263.85 +24.16

Indices gapped higher then drifted higher throughout the day.

TRX 2.84 +0.55 (24.02%). Regaining much of the loss from yesterday's open.

Thursday, November 10, 2011

2011110 1356 TRX

DJIA 11,933.63 +152.69
NASDAQ 2,632.93 +11.28
SP500 1,242.66 +13.56

Indices rebounding from sell-off yesterday.
Earlier this week gold tested and failed to hold above 1800. Silver looks weak.

TRX 2.40 -1.02. Day range 1.56 - 3.44. Company says it is not aware of a specific cause for sell-off. Started tiny position of a few hundred shares at 2.40. Have larger purchase order at slightly lower price.

Monday, November 07, 2011

20111107 PM

Dow 12,068.39 +85.15
Nasdaq 2,695.25 +9.10
SP500 1,261.12 +7.89
10-YrBond 1.99% -0.06

Commodities jumping higher with dollar flat.

GLD 174.98 +4.13
SLV 34.08 +0.88
PTM 19.30 +0.31

XLE 71.65 +0.39
XLF 13.36 +0.07
VXX 42.82 -0.43

DMND 39.09 -7.31 (15.75%). Diamond Foods, Inc. 52 week range 38.45 - 96.13.
MELA 5.16 +0.50 (10.73%).
XG 8.85 +0.49 (5.86%). Extorre Gold Mines Limited.

CNSL 18.52 +0.29. 8.50% dividend.
WIN 12.00 +0.15. 8.20% dividend.