Dow 12,653.72 -6.74
Nasdaq 2,811.94 -4.61
SP500 1,313.01 -3.32
30-yrBond 2.9830% -0.0810
For those will bullish bias on the stock indices, this was a positive day in that there was no big breakdown and indices closed at highs of day.
GLD 168.03 -0.94
SLV 32.53 -0.43
PTM 21.03 +0.45
XLE 71.14 -0.34
XLF 14.00 -0.13
VXX 26.85 +0.78
SDS 17.58 +0.07. Sold at 17.70 for .39 per share gain.
GBG 1.28 +0.04. Positive action.
Monday, January 30, 2012
Saturday, January 28, 2012
20120127 Weekend, Gold $2111, Rail Cars
Dow 12,660.46 -74.17
Nasdaq 2,816.55 +11.27
SP500 1,316.33 -2.10
30-yrBond 3.0640% -0.0260
With the Fed extending ZIRP and markets not zooming higher, they are giving a feeling of heaviness. Am biased toward downside on the indices.
Jim Sinclair wrote that $2111 will be the next temporary wall for the price of gold.
GLD 168.97 +1.70
SLV 32.96 +0.53
PTM 20.58 +0.59
XLE 71.48 -0.15
XLF 14.13 +0.05
VXX 26.07 -0.57
SBSA 6.15 +0.01. Spanish Broadcasting System. Big moves this week. 52 week range 0.95 - 12.10.
UNG 5.88 +0.26 (4.63%). United States Natural Gas Fund. 52 week range 4.98 - 12.64. May be off the bottom (at least temporarily).
This article Buffett's Burlington Northern Among Pipeline Winners (the original disappeared at Bloomberg) discusses rail traffic and oil pipelines.
ARII 26.60 +1.22(4.81%). American Railcar Industries. May be making run for 52 week high. 52 week range 13.68 - 29.48.
GBX 22.93 +0.04. Greenbrier Companies. 52 week range 10.38 - 30.38.
EEP 33.33 +0. Enbridge Energy, L.P. Class A C. 52 week range 24.66 - 34.58. 6% dividend. Enbridge bought a stake in the Seaway Pipeline from Gulf Coast to Cushing, Oklahoma. They will reverse oil flow to send oil to the Gulf.
Nasdaq 2,816.55 +11.27
SP500 1,316.33 -2.10
30-yrBond 3.0640% -0.0260
With the Fed extending ZIRP and markets not zooming higher, they are giving a feeling of heaviness. Am biased toward downside on the indices.
Jim Sinclair wrote that $2111 will be the next temporary wall for the price of gold.
GLD 168.97 +1.70
SLV 32.96 +0.53
PTM 20.58 +0.59
XLE 71.48 -0.15
XLF 14.13 +0.05
VXX 26.07 -0.57
SBSA 6.15 +0.01. Spanish Broadcasting System. Big moves this week. 52 week range 0.95 - 12.10.
UNG 5.88 +0.26 (4.63%). United States Natural Gas Fund. 52 week range 4.98 - 12.64. May be off the bottom (at least temporarily).
This article Buffett's Burlington Northern Among Pipeline Winners (the original disappeared at Bloomberg) discusses rail traffic and oil pipelines.
Tanker Car Bottleneck
Investors such as John Stephenson, who helps manage $2.7 billion for First Asset Management Inc. in Toronto said he anticipated the project would move forward next year. Pipeline shipping costs remain lower than rail, and a lack of readily available tanker cars may create a bottleneck.
The availability of tank cars may create a temporary "hiccup" in transport capacity, according to Tony Hatch, an independent railroad analyst in New York. Rail cars are "a pretty hot commodity," as a result of demand from oil producers in North Dakota, he said.
Rail car production is already at a three-year high as manufacturers such as Greenbrier Cos Inc. and American Railcar Industries Inc. expand to meet demand for sand used in oil and gas exploration, according to Steve Barger, an analyst at Keybanc Capital Markets Inc. in Cleveland, citing Railway Supply Institute statistics.
ARII 26.60 +1.22(4.81%). American Railcar Industries. May be making run for 52 week high. 52 week range 13.68 - 29.48.
GBX 22.93 +0.04. Greenbrier Companies. 52 week range 10.38 - 30.38.
EEP 33.33 +0. Enbridge Energy, L.P. Class A C. 52 week range 24.66 - 34.58. 6% dividend. Enbridge bought a stake in the Seaway Pipeline from Gulf Coast to Cushing, Oklahoma. They will reverse oil flow to send oil to the Gulf.
Thursday, January 26, 2012
20120126 1059
DJIA 12,779.02 +22.06
NASDAQ 2,812.38 -5.93
SP500 1,323.49 -2.57
Dollar lower. Commodities and precious metals higher.
Stock market bulls had better get moving or the indices can drift lower today.
GBG 1.21 +0.05. Reached target sell price. Sold at 1.21 for .27 per share gain.
SDS 17.36 +0.07. Bought at 17.31 for scalp.
NASDAQ 2,812.38 -5.93
SP500 1,323.49 -2.57
Dollar lower. Commodities and precious metals higher.
Stock market bulls had better get moving or the indices can drift lower today.
GBG 1.21 +0.05. Reached target sell price. Sold at 1.21 for .27 per share gain.
SDS 17.36 +0.07. Bought at 17.31 for scalp.
Wednesday, January 25, 2012
20120125 PM, FOMC
Dow 12,756.96 +81.21
Nasdaq 2,818.31 +31.67
SP500 1,326.06 +11.41
30-yrBond 3.15% -0.01
FOMC meeting during which the private cartel Federal Reserve announced they would maintain the cost of borrowing money at near-zero into 2014. Risk on!
Jim Sinclair interview about today's Fed action and global QE.
GLD 166.42 +4.41 (2.72%)
SLV 32.37 +1.29 (4.15%)
PTM 19.38 +0.52 (2.78%)
XLE 72.62 +0.88
XLF 14.20 +0.03
VXX 26.65 -1.17 (4.21%)
GBG 1.16 +0.13 (12.62%)
HMY 12.02 +0.59 (5.16%)
Nasdaq 2,818.31 +31.67
SP500 1,326.06 +11.41
30-yrBond 3.15% -0.01
FOMC meeting during which the private cartel Federal Reserve announced they would maintain the cost of borrowing money at near-zero into 2014. Risk on!
Jim Sinclair interview about today's Fed action and global QE.
GLD 166.42 +4.41 (2.72%)
SLV 32.37 +1.29 (4.15%)
PTM 19.38 +0.52 (2.78%)
XLE 72.62 +0.88
XLF 14.20 +0.03
VXX 26.65 -1.17 (4.21%)
GBG 1.16 +0.13 (12.62%)
HMY 12.02 +0.59 (5.16%)
Saturday, January 21, 2012
20120120 Weekend
Dow 12,720.48 +96.50
Nasdaq 2,786.70 -1.63
SP500 1,315.38 +0.88
10-YrBond 2.0280% +0.0560. Trader Dan says metals (silver in particular) will benefit from "risk on" when the yield goes above 2.25%.
GLD 162.07 +0.85
SLV 31.22 +1.48 +4.98%. This week 7% gain. Thursday bought more physical silver for delivery. Resistance at 32.50.
PTM 18.89 +0.09
XLE 71.38 +0.01
XLF 14.14 +0.09
VXX 28.42 -0.89
Baltic Dry Index (rates for dry goods in container ships) is plunging.
COF 46.03 -2.74. Capital One Financial.
GOOG 585.99 -53.58.
Nasdaq 2,786.70 -1.63
SP500 1,315.38 +0.88
10-YrBond 2.0280% +0.0560. Trader Dan says metals (silver in particular) will benefit from "risk on" when the yield goes above 2.25%.
GLD 162.07 +0.85
SLV 31.22 +1.48 +4.98%. This week 7% gain. Thursday bought more physical silver for delivery. Resistance at 32.50.
PTM 18.89 +0.09
XLE 71.38 +0.01
XLF 14.14 +0.09
VXX 28.42 -0.89
Baltic Dry Index (rates for dry goods in container ships) is plunging.
COF 46.03 -2.74. Capital One Financial.
GOOG 585.99 -53.58.
Wednesday, January 18, 2012
20120118 PM
Dow 12,578.95 +96.88
Nasdaq 2,769.71 +41.63
SP500 1,308.04 +14.37. Closed above 1300.
10-YrBond 1.8970% +0.0470
GLD 161.60 +1.10
SLV 29.65 +0.46
PTM 20.95 +0.55
XLE 71.08 +1.15
XLF 13.92 +0.21
VXX 30.14 -1.08
DGP 53.50 +0.69. Sold at 53.34 for .48 per share gain overnight.
MEOH 27.54 +1.03. Methanex Corporation. Good volume on higher price the past week. News the firm will move a processing plant from Chile to Louisiana due to declining nat gas prices in USA. Has been running higher the past few weeks... who traded on unpublished news?
TBT 18.38 +0.42. ProShares UltraShort Lehman 20+. 52 week range 17.48 - 41.54. Looking for strength (~19) before considering going into a treasury short position.
GLD prior 160.50 open 159.94 close 161.60
Citigroup fined for talking it's customer book.
The Financial Industry Regulatory Authority, or Finra, said it fined the capital markets unit of Citigroup Inc. (C) $725,000, alleging that it failed to disclose some conflicts of interest in research reports and public appearances by its research analysts.
Nasdaq 2,769.71 +41.63
SP500 1,308.04 +14.37. Closed above 1300.
10-YrBond 1.8970% +0.0470
GLD 161.60 +1.10
SLV 29.65 +0.46
PTM 20.95 +0.55
XLE 71.08 +1.15
XLF 13.92 +0.21
VXX 30.14 -1.08
DGP 53.50 +0.69. Sold at 53.34 for .48 per share gain overnight.
MEOH 27.54 +1.03. Methanex Corporation. Good volume on higher price the past week. News the firm will move a processing plant from Chile to Louisiana due to declining nat gas prices in USA. Has been running higher the past few weeks... who traded on unpublished news?
TBT 18.38 +0.42. ProShares UltraShort Lehman 20+. 52 week range 17.48 - 41.54. Looking for strength (~19) before considering going into a treasury short position.
GLD prior 160.50 open 159.94 close 161.60
Citigroup fined for talking it's customer book.
The Financial Industry Regulatory Authority, or Finra, said it fined the capital markets unit of Citigroup Inc. (C) $725,000, alleging that it failed to disclose some conflicts of interest in research reports and public appearances by its research analysts.
Tuesday, January 17, 2012
20120117 PM
Dow 12,482.07 +60.01
Nasdaq 2,728.08 +17.41
SP500 1,293.67 +4.58. Am looking to lighten up the longs.
30-yrBond 2.89% -0.01
GLD 160.48 +1.22
SLV 29.19 +0.37
PTM 20.40 +1.67
XLE 69.93 +0.49
XLF 13.71 -0.10
VXX 31.22 -0.27
DGP 52.81 +0.77. Bought 100 at 52.86, near end of day. Intend to sell in the morning.
Overnight gold movement:
GLD open/close 161.17 160.50
DGP open/close 53.27 52.81
Nasdaq 2,728.08 +17.41
SP500 1,293.67 +4.58. Am looking to lighten up the longs.
30-yrBond 2.89% -0.01
GLD 160.48 +1.22
SLV 29.19 +0.37
PTM 20.40 +1.67
XLE 69.93 +0.49
XLF 13.71 -0.10
VXX 31.22 -0.27
DGP 52.81 +0.77. Bought 100 at 52.86, near end of day. Intend to sell in the morning.
Overnight gold movement:
GLD open/close 161.17 160.50
DGP open/close 53.27 52.81
Saturday, January 14, 2012
20120113 Weekend, AEHI AEM PDS POT
Dow 12,422.06 -48.96
Nasdaq 2,710.67 -14.03
SP500 1,289.09 -6.41
10-YrBond 1.85% -0.08
US stock exchanges will be closed Monday.
Commodities lower. Natural gas near multi-year lows.
With close at/near highs of day, stock bulls are still in control.
GLD 159.26 -1.12
SLV 28.82 -0.49
PTM 18.70 +0.12
XLE 69.44 -0.35
XLF 13.81 -0.11
VXX 31.49 +0.83
SSO 48.96 -0.32. Closed at high of day. Sold long at 48.73 for 1.58 per share gain. Just raising cash for future opportunities.
GBG 1.02 -0.02
Commodity:
AEM 37.01 -0.44. Agnico Eagle Mines.
POT 44.74 +1.29. Potash Corp Of Saskatchewan. Looking at year chart, POT is trending up nicely. Clear resistance around 50.
AEHI 0.07 +0.03. Alternate Energy Holdings. Speculative over-the-counter with very little volume. All outstanding stock could (theoretically) be bought for $22 million. Maybe consider a speculative buy at .4.
IRC 7.84 -0.10. Inland Real Estate Corporation. 7.2% dividend.
PDS 9.69 -0.17. Precision Drilling Corporation. 2+ dollar range this week. Below 9.25, this is a short down to 8.
Nasdaq 2,710.67 -14.03
SP500 1,289.09 -6.41
10-YrBond 1.85% -0.08
US stock exchanges will be closed Monday.
Commodities lower. Natural gas near multi-year lows.
With close at/near highs of day, stock bulls are still in control.
GLD 159.26 -1.12
SLV 28.82 -0.49
PTM 18.70 +0.12
XLE 69.44 -0.35
XLF 13.81 -0.11
VXX 31.49 +0.83
SSO 48.96 -0.32. Closed at high of day. Sold long at 48.73 for 1.58 per share gain. Just raising cash for future opportunities.
GBG 1.02 -0.02
Commodity:
AEM 37.01 -0.44. Agnico Eagle Mines.
POT 44.74 +1.29. Potash Corp Of Saskatchewan. Looking at year chart, POT is trending up nicely. Clear resistance around 50.
AEHI 0.07 +0.03. Alternate Energy Holdings. Speculative over-the-counter with very little volume. All outstanding stock could (theoretically) be bought for $22 million. Maybe consider a speculative buy at .4.
IRC 7.84 -0.10. Inland Real Estate Corporation. 7.2% dividend.
PDS 9.69 -0.17. Precision Drilling Corporation. 2+ dollar range this week. Below 9.25, this is a short down to 8.
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