Saturday, February 04, 2012

20120103 Weekend, FTR FXY UNG

Dow 12,862.23 +156.82
Nasdaq 2,905.66 +45.98
SP500 1,344.90 +19.36
10-YrBond 1.95% +0.12

GLD 167.64 -3.41
SLV 32.69 -0.67
PTM 21.28 -0.23
XLE 72.77 +1.26
XLF 14.735 +0.38
VXX 23.9869 -1.35

Indices gapped higher on well-received jobs number and closed near/at highs of day. Will watch for a shortable opening gap up on Monday.

Oil is failing. If it gets into 96, consider shorting down to 85. If dollar rebounds, oil will be under pressure.

Silver & gold sold off while copper was higher. If silver/gold sell off into Monday, consider a buy Monday on the close - silver ~33, gold ~ 1715.

AMZN 187.68 +5.96. Sell price at 183.44 was hit for 3.85 per share gain. Closed near high of day.

FTR 4.51 +0.15. Frontier Communications Company. 52 week range 3.81 - 9.55. 17% dividend. If markets continue higher, this can make a nice percentage move higher.
GBG 1.18 -0.04. Waiting to buy at 1.01.

FXY 128.56 -0.56. Rydex CurrencyShares Japanese Yen. Failing to get through 52 week high of 130.22. Possible short on retest and fail of 129s.
UNG 5.33 -0.08. United States Natural Gas Fund. After recent short-covering, this has turned down. Short any bounce.

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