Tuesday, March 27, 2012

20120327 PM GDXJ, NKY

Dow 13,197.73 -43.90
Nasdaq 3,120.35 -2.22
SP500 1,412.52 -3.99
10-Yr Bond 2.1870% -0.0570

Indices closed near lows of day.  Considerable nervousness about potential sell-off.

GLD 163.24 -1.16
SLV 31.58 -0.35
PTM 20.94 +0.35
XLE 72.07 -0.73
XLF 15.83 -0.15
VXX 17.20 +1.53 (9.77%)

AGQ 55.28 -1.30.  Day range 55.17 - 57.39.  Went long 1/2 position before close at 55.32.  On a weekly basis, silver has been down for several weeks.  It could be higher this week, so was looking for an entry.  Gap higher on Monday did not allow entry.  Looking to hold for few days to a week.

GDXJ 24.89 -0.82.  Market Vectors Junior Gold Miners ETF.  Put on watch list to buy at 22.74.

NKY 14.67 +0.07.  Nikkei 225 Index Fund ETF.  52 week range 12.58 - 15.43.  Put on watch list to buy a pull back.

Wednesday, March 14, 2012

20120314 1131

DJIA 13,183.43 +5.75
NASDAQ  3,038.44 -1.44
SP500  1,393.61 -2.34

After new highs yesterday on news of bank stress tests, market is feeling choppy and due for a rest.

IPG 11.85 -0.12.  Closed February 7 long at 11.85 for 1.24 per share gain.
SSO 57.268 -0.22.  Closed March 1 long at 57.29 for 2.42 per share loss.  A quick look shows this leveraged product had a loss while the straight product would have had a gain.