Saturday, October 20, 2012

20120819 Weekend

Dow 13,343.51 -205.43
Nasdaq 3,005.62 -67.24
SP500 1,433.19 -24.15
10-YrBond 1.7680% -0.0580

Metals sold off and didn't bounce at the end of the day.  Look for a short-term buy Monday afternoon.  Long-term buy may still be a couple weeks away.

GLD 166.97 -1.82
SLV 31.094 -0.64
PTM 19.22 -0.20
XLE 73.83 -1.18
XLF 16.11 -0.22
VXX 34.99 +2.12

S 5.65 -0.13.  Sprint Nextel Corp. asked shareholders to accept a large cash infusion from Japanese Softbank.  Look at Feb/March 2013 calls at strike price of 6, particularly if underlying price slides with overall market.

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