Wednesday, February 01, 2012

20120201 PM

Dow 12,716.46 +83.55
Nasdaq 2,848.27 +34.43
SP500 1,324.09 +11.68
30-yrBond 3.02% +0.08

GLD 169.56 +0.25
SLV 32.77 +0.49
PTM 20.74 +0.18
XLE 70.97 +0.28
XLF 14.28 +0.22
VXX 26.13 -0.73

Indices opened higher and closed with strength. Relatively positive action for the bulls, though needs volume to come in for higher prices.

AMZN 179.46 -14.98 (7.70%). Gap down on big volume with trend up from opening low of day. Was looking to wait to buy this until end of day to watch if indices close strong, but the trend was relentlessly higher so started 1/2 long position at 179.59. Stop at day low of 172.00. Looking to sell in the morning.
USLV 48.20 +2.19. VelocityShares 3x Long Silver. Bought at 48.20. Looking to sell in the morning.

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