Thursday, November 01, 2012

20121101 PM

Dow    13,232.62     136.16 (1.04%)
Nasdaq    3,020.06     42.83 (1.44%)
S&P 500    1,427.59     15.43 (1.09%)
30-yr Bond    2.90%      0.05

Indices had early morning melt up to close at daily highs.
Still looking for fear in the metals market to flush price lower to go long.

GLD 166.07 -0.76
SLV 31.22 -0.05
PTM 18.54 +0.13
XLE 72.25 +0.31
XLF 16.09 +0.20
VXX 34.05 -2.96

BOIL 52.15 -0.56.  ProShares Ultra DJ UBS Natural.  Sold off from anticipated reduction in electricity generation demand.  That play is likely over, so should change direction.  Would be eager to buy around 49.  Has intraday volatility.

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