Dow 15,307.17 -80.41
Nasdaq 3,463.30 -38.82
SP500 1,655.35 -13.81. Intraday blow-off top. Went lower and didn't recover, so selling came in at the close. 1633 is next stop.
30-yrBond 3.21% +0.06
Intraday wild volatility with Federal Reserve chief speaking to
Congress. It appears chief price fixer Bernanke is caught in a trap of
his own making. Dollar going higher.
GLD 131.94 -0.94
SLV 21.51 -0.11
PTM 16.60 +0.08
XLE 82.15 -0.96
XLF 19.83 -0.21
VXX 18.63 +0.20
DSLV 56.16 +0.84. Sold overnight holding for 1.14 gain per share. Day range 48.44 - 56.66. Closed position to get it flat as I will be out of office and don't want this leveraged position open when away from the screen.
YCS 69.54 +0.41. Intraday 52 week high. Funds have been fleeing Japan, consequently going into bonds in other countries and pushing down lending rates in perceived safe-haven countries.
Wednesday, May 22, 2013
Tuesday, May 21, 2013
20130521 Evening, DSLV
Dow 15,387.58 +52.30
Nasdaq 3,502.12 +5.69
SP500 1,669.16 +2.87
10-YrBond 1.9440% -0.0210
Gold and silver could not get traction higher. Looks to go lower in the near term.
GLD 132.88 -2.24
SLV 21.62 -0.66
PTM 16.52 -0.35
XLE 83.11 -0.17
XLF 20.04 +0.05
VXX 18.43 +0.16
DSLV 55.32 +4.73. Went long at 54.90 for a swing trade.
Nasdaq 3,502.12 +5.69
SP500 1,669.16 +2.87
10-YrBond 1.9440% -0.0210
Gold and silver could not get traction higher. Looks to go lower in the near term.
GLD 132.88 -2.24
SLV 21.62 -0.66
PTM 16.52 -0.35
XLE 83.11 -0.17
XLF 20.04 +0.05
VXX 18.43 +0.16
DSLV 55.32 +4.73. Went long at 54.90 for a swing trade.
20130521 12:25
Dow 15,386.88 +51.60
Nasdaq 3,502.08 +5.65
SP500 1,670.12 +3.83
30-yrBond 3.16% -0.02
After violent take-down Sunday evening and subsequent rebound Moneday, looking at precious metals for a scalp today.
GLD 133.38 -1.74
SLV 21.78 -0.50
PTM 16.50 -0.37
XLE 83.64 +0.36
XLF 20.08 +0.09
VXX 18.18 -0.09
GLD 133.405 -1.715. In the middle of yesterday's range, and basing here. No-man's-land for direction.
UGLD 21.56 -0.90. Triple long gold.
Nasdaq 3,502.08 +5.65
SP500 1,670.12 +3.83
30-yrBond 3.16% -0.02
After violent take-down Sunday evening and subsequent rebound Moneday, looking at precious metals for a scalp today.
GLD 133.38 -1.74
SLV 21.78 -0.50
PTM 16.50 -0.37
XLE 83.64 +0.36
XLF 20.08 +0.09
VXX 18.18 -0.09
GLD 133.405 -1.715. In the middle of yesterday's range, and basing here. No-man's-land for direction.
UGLD 21.56 -0.90. Triple long gold.
Tuesday, May 07, 2013
20130507 PM
Dow 15,056.20 +87.31
Nasdaq 3,396.63 +3.66
SP500 1,625.96 +8.46
10-YrBond 1.7830% +0.0120
GLD 140.38 -1.77
SLV 23.10 -0.08
PTM 16.74 -0.27
XLE 80.63 0.62
XLF 19.15 0.10
VXX 18.19 -0.19
BBRY 14.82 -0.75 (4.81%). Mixed reports on the two new phone models. It appears this is analyst speculation and it will be proved up at the next earnings report. Dropped below a mental buy at 15, so may buy more after doing some study. Volume down today was not exceptional, and lower than the three month average.
The QWERTY phone is actually called Q10:
Canaccord Genuity, surveyed industry contacts and noted weakening sales of the Z10 over the past month. Demand for the G10 appears more solid, he said, adding that supply of the phone has been limited and it's too soon to gauge long-term demand. Walkley slashed his phone sales estimates for the quarter by 500,000 units, to 2.8 million, which appears to be at the low end of Wall Street forecasts.Says Q10 sales are weak:
Pacific Crest analyst James Faucette, who has a underperform rating on the company's stock, said he believes initial shipment and sales volumes for the BlackBerry Q10 - a device that comes with a physical keyboard - have not been strong.Shorts should be careful, as there is a high short percentage:
Blackberry currently has an outstanding short position that amounts to 31% of its shares outstanding.
Wednesday, May 01, 2013
20130501 PM, BBRY
Dow 14,700.95 -138.85
Nasdaq 3,299.13 -29.66
SP500 1,582.70 -14.87
10-YrBond 1.64% -0.04
GLD 141.11 -1.66
SLV 22.86 -0.60
PTM 16.61 -0.34
XLE 77.05 -1.22
XLF 18.49 -0.21
VXX 19.77 +0.80
BBRY 15.80 -0.49. Went long with 1/2 position at 15.92 for swing trade. Would like to get other 1/2 around 15.
Nasdaq 3,299.13 -29.66
SP500 1,582.70 -14.87
10-YrBond 1.64% -0.04
GLD 141.11 -1.66
SLV 22.86 -0.60
PTM 16.61 -0.34
XLE 77.05 -1.22
XLF 18.49 -0.21
VXX 19.77 +0.80
BBRY 15.80 -0.49. Went long with 1/2 position at 15.92 for swing trade. Would like to get other 1/2 around 15.
20130105 Intraday
Dow 14,779.92 -59.88
Nasdaq 3,314.13 -14.66
SP500 1,591.55 -6.02
30-yrBond 2.83% -0.06
GLD 12:00pm EDT 139.35 3.42
SLV 12:00pm EDT 22.52 -0.94
PTM 11:45am EDT 16.62 -0.33
XLE 12:00pm EDT 77.41 -0.86
XLF 12:00pm EDT 18.61 -0.09
VXX 12:00pm EDT 19.21 +0.24
Copper and precious metals down sharply. Watching this pullback, if & how recent lows are tested, for potential big physical purchase of precious metals.
Nasdaq 3,314.13 -14.66
SP500 1,591.55 -6.02
30-yrBond 2.83% -0.06
GLD 12:00pm EDT 139.35 3.42
SLV 12:00pm EDT 22.52 -0.94
PTM 11:45am EDT 16.62 -0.33
XLE 12:00pm EDT 77.41 -0.86
XLF 12:00pm EDT 18.61 -0.09
VXX 12:00pm EDT 19.21 +0.24
Copper and precious metals down sharply. Watching this pullback, if & how recent lows are tested, for potential big physical purchase of precious metals.
Thursday, April 18, 2013
20130417 PM
Dow 14,618.59 -138.19
Nasdaq 3,204.67 -59.96
SP500 1,552.01 -22.56
10-YrBond 1.70% -0.02
GLD 132.87 +0.07
SLV 22.44 -0.23
PTM 16.194 -0.24
XLE 74.08 -1.66
XLF 18.015 -0.35
VXX 21.07 +2.17
Some stocks and sectors probing yearly lows.
Commodities continue selling off. Copper is signaling significant worldwide slowdown.
A week ago, volatility premiums were low. That was clearly the place to be buying.
Big selling last week. Interesting timing with bankster meetings with politicians along with mainstream media article placement.
April 10 Goldman Cuts Gold Price Forecast Through 2014 as Cycle Turns "The bank cut its three-month target ... Goldman recommended closing a long Comex gold position ..." Remember that Goldman Sachs became a bank in 2008, to take advantage of free money from the Federal Reserve. This allowed the banksters to stay afloat, on the backs of the working Americans who actually produce something of value.
April 11 Obama Meets With Blankfein, Dimon and Moynihan Today "Jay Carney, the White House press secretary, declined to give details about the conversation with the president."
April 11 Full List of Banksters at White House Meeting Thursday
If you don't have it in your hand, you don't own it. ABN Amro clients only thought they owned precious metals, when in fact they owned a claim on a piece of paper. Some would consider this fraud. ABN Amro Halts Physical Gold Delivery "Clients owning precious metals will see their account balances adjusted by the prevailing Bid prices of gold."
For those who want to own it, physical "in your hand", metal is on sale. "The post-Songkran traffic jams were on the pavements outside gold shops on Wednesday, as buyers jammed every shop in town to buy the precious metal ..."
Congress repeals ban on their trading on inside information. Where are Occupy Wall Street and the Tea Parties now? Congress Quietly Repeals Congressional Insider Trading Ban They supposedly didn't like the disclosure piece of the law. These are public servants paid for with taxes. If they don't like disclosure, they should stop being our public servants and work in the private sector.
DSLV 51.65 +1.47. VelocityShares 3x Inverse Silver ETN. Took a small speculative position. Let's see if volatility, and forced margin selling, continues tomorrow.
AAPL 402.80 -23.44. 52 week low.
BBRY 13.91 -0.01
MUX 1.75 -0.16. 52 week low.
TRX 2.55 -0.33. 52 week low.
Nasdaq 3,204.67 -59.96
SP500 1,552.01 -22.56
10-YrBond 1.70% -0.02
GLD 132.87 +0.07
SLV 22.44 -0.23
PTM 16.194 -0.24
XLE 74.08 -1.66
XLF 18.015 -0.35
VXX 21.07 +2.17
Some stocks and sectors probing yearly lows.
Commodities continue selling off. Copper is signaling significant worldwide slowdown.
A week ago, volatility premiums were low. That was clearly the place to be buying.
Big selling last week. Interesting timing with bankster meetings with politicians along with mainstream media article placement.
April 10 Goldman Cuts Gold Price Forecast Through 2014 as Cycle Turns "The bank cut its three-month target ... Goldman recommended closing a long Comex gold position ..." Remember that Goldman Sachs became a bank in 2008, to take advantage of free money from the Federal Reserve. This allowed the banksters to stay afloat, on the backs of the working Americans who actually produce something of value.
April 11 Obama Meets With Blankfein, Dimon and Moynihan Today "Jay Carney, the White House press secretary, declined to give details about the conversation with the president."
April 11 Full List of Banksters at White House Meeting Thursday
If you don't have it in your hand, you don't own it. ABN Amro clients only thought they owned precious metals, when in fact they owned a claim on a piece of paper. Some would consider this fraud. ABN Amro Halts Physical Gold Delivery "Clients owning precious metals will see their account balances adjusted by the prevailing Bid prices of gold."
For those who want to own it, physical "in your hand", metal is on sale. "The post-Songkran traffic jams were on the pavements outside gold shops on Wednesday, as buyers jammed every shop in town to buy the precious metal ..."
Congress repeals ban on their trading on inside information. Where are Occupy Wall Street and the Tea Parties now? Congress Quietly Repeals Congressional Insider Trading Ban They supposedly didn't like the disclosure piece of the law. These are public servants paid for with taxes. If they don't like disclosure, they should stop being our public servants and work in the private sector.
DSLV 51.65 +1.47. VelocityShares 3x Inverse Silver ETN. Took a small speculative position. Let's see if volatility, and forced margin selling, continues tomorrow.
AAPL 402.80 -23.44. 52 week low.
BBRY 13.91 -0.01
MUX 1.75 -0.16. 52 week low.
TRX 2.55 -0.33. 52 week low.
Saturday, April 06, 2013
20130405 Weekend
Dow 14,565.25 -40.86
Nasdaq 3,203.86 -21.12
SP500 1,553.28 -6.70
30-yrBond 2.86% -0.12
GLD 152.80 +2.51
SLV 26.39 +0.40
PTM 17.45 +0.11
XLE 77.33 +0.20
XLF 18.03 -0.05
VXX 20.12 +0.09
Broad stock indices had impressive run up in the final half hour of trading.
Precious metals had significant bounce after significant sell-off earlier in the week. Was short silver overnight last week and closed that trade Friday. Didn't want to hold shorts over the weekend in this highly manipulated market (private Fed banks, PPT - President's Working Group on Financial Markets).
Japanese Yen continues severe sell-off.
BBRY 14.70 -0.29. Blackberry RIMM. Sold at 14.66 for 1.36 per share gain. While I had an idea to hold this for several company reporting periods - into year end - decided to take the money in the high volatility technology stock. If overall market continues to sell off, this type of recent gainer will be sold.
MUX 2.74 +0.08. McEwen Mining. Bought 1000 at 2.80 to add to position. Price looked strong in afternoon trading.
YCS 63.39 +1.97. ProShares UltraShort Yen. Was flat on this currency trade for the Japanese political speeches, but could have bought into this yesterday. Missed a good part of the early move, though this is a big trend that should play out strongly. Bought at 63.23.
ATUSF 11.33 -0.08. Moved counter to the mining sector.
Nasdaq 3,203.86 -21.12
SP500 1,553.28 -6.70
30-yrBond 2.86% -0.12
GLD 152.80 +2.51
SLV 26.39 +0.40
PTM 17.45 +0.11
XLE 77.33 +0.20
XLF 18.03 -0.05
VXX 20.12 +0.09
Broad stock indices had impressive run up in the final half hour of trading.
Precious metals had significant bounce after significant sell-off earlier in the week. Was short silver overnight last week and closed that trade Friday. Didn't want to hold shorts over the weekend in this highly manipulated market (private Fed banks, PPT - President's Working Group on Financial Markets).
Japanese Yen continues severe sell-off.
BBRY 14.70 -0.29. Blackberry RIMM. Sold at 14.66 for 1.36 per share gain. While I had an idea to hold this for several company reporting periods - into year end - decided to take the money in the high volatility technology stock. If overall market continues to sell off, this type of recent gainer will be sold.
MUX 2.74 +0.08. McEwen Mining. Bought 1000 at 2.80 to add to position. Price looked strong in afternoon trading.
YCS 63.39 +1.97. ProShares UltraShort Yen. Was flat on this currency trade for the Japanese political speeches, but could have bought into this yesterday. Missed a good part of the early move, though this is a big trend that should play out strongly. Bought at 63.23.
ATUSF 11.33 -0.08. Moved counter to the mining sector.
Sunday, March 31, 2013
20130328 Weekend, Larry Pesavento's trading rules
Dow 14,578.54 +52.38
Nasdaq 3,267.52 +11.00
SP500 1,569.19 +6.34
30-yrBond 3.1040% +0.0120
GLD 154.47 -0.89
SLV 27.43 -0.30
PTM 17.88 -0.13
XLE 79.31 -0.23
XLF 18.21 +0.05
VXX 20.25 -0.09
Silver continues to lag gold. Copper also acting poorly. Gold going to 1582, then maybe look at it.
After nearly two weeks of being closed, Cyprus banks re-opened with depositor haircuts over the insured limit. Perception the ECB did not want to save Russian oligarch funds. At least one bank branch in London remained open and allowed withdraws. Watch Malta and Lithuania for other oligarch deposits. This should have scared Spain, Portugal, Greece, and Italy to get their bank balance sheets in order.
DSLV 31.21 +0.97. Sold at 31.14 for .90 per share gain. Silver down 1% overnight. Day range 30.46 - 31.60.
GOLD 85.98 -0.35. Miner with potential currency play.
When in doubt, get out.
Plan trading and stick to the plan.
Take out equity for rainy day periods.
Never close trade without a reason.
Stops are placed for protection, so use them.
Only true fact in trading is fear and greed.
Never allow substantial profit to become a loss.
Distribute risk equally over several markets.
Nasdaq 3,267.52 +11.00
SP500 1,569.19 +6.34
30-yrBond 3.1040% +0.0120
GLD 154.47 -0.89
SLV 27.43 -0.30
PTM 17.88 -0.13
XLE 79.31 -0.23
XLF 18.21 +0.05
VXX 20.25 -0.09
Silver continues to lag gold. Copper also acting poorly. Gold going to 1582, then maybe look at it.
After nearly two weeks of being closed, Cyprus banks re-opened with depositor haircuts over the insured limit. Perception the ECB did not want to save Russian oligarch funds. At least one bank branch in London remained open and allowed withdraws. Watch Malta and Lithuania for other oligarch deposits. This should have scared Spain, Portugal, Greece, and Italy to get their bank balance sheets in order.
DSLV 31.21 +0.97. Sold at 31.14 for .90 per share gain. Silver down 1% overnight. Day range 30.46 - 31.60.
GOLD 85.98 -0.35. Miner with potential currency play.
Larry Pesavento's trading rules
Never add to losing position.When in doubt, get out.
Plan trading and stick to the plan.
Take out equity for rainy day periods.
Never close trade without a reason.
Stops are placed for protection, so use them.
Only true fact in trading is fear and greed.
Never allow substantial profit to become a loss.
Distribute risk equally over several markets.
Wednesday, March 27, 2013
20120327 PM
Dow 14,526.16 -33.49
Nasdaq 3,256.52 +4.04
SP500 1,562.85 -0.92
30-yrBond 3.09% -0.04
GLD 155.34 +0.62
SLV 27.73 -0.02
PTM 18.02 +0.08
XLE 79.57 +0.29
XLF 18.16 -0.09
VXX 20.33 +0.19
Dollar higher than marked time.
Cyprus may open banks tomorrow. Depositor haircut and currency controls have been known, so not expecting a big when the banks open.
With the depositor confiscation, and no big run on precious metals, it looks like precious metals will have more time of flat to lower prices.
Important idea from Jim Sinclair about velocity of money: "The velocity of money has been the biggest drag in terms of creating any significant recovery. So the velocity of money has now been targeted, and it is to be increased through the use of fear in the mainstream media regarding confiscation of money in financial institutions."
DSLV 30.24 +0.11. Started small position at 30.24.
Nasdaq 3,256.52 +4.04
SP500 1,562.85 -0.92
30-yrBond 3.09% -0.04
GLD 155.34 +0.62
SLV 27.73 -0.02
PTM 18.02 +0.08
XLE 79.57 +0.29
XLF 18.16 -0.09
VXX 20.33 +0.19
Dollar higher than marked time.
Cyprus may open banks tomorrow. Depositor haircut and currency controls have been known, so not expecting a big when the banks open.
With the depositor confiscation, and no big run on precious metals, it looks like precious metals will have more time of flat to lower prices.
Important idea from Jim Sinclair about velocity of money: "The velocity of money has been the biggest drag in terms of creating any significant recovery. So the velocity of money has now been targeted, and it is to be increased through the use of fear in the mainstream media regarding confiscation of money in financial institutions."
DSLV 30.24 +0.11. Started small position at 30.24.
Sunday, March 10, 2013
20130308 Weekend
Dow 14,397.07 +67.58
Nasdaq 3,244.37 +12.28
SP500 1,551.18 +6.92
30-yrBond 3.26% +0.06
Major indices SPY and DOW looking to go higher. DOW pullback to 13500 may be a compelling place to get very long. NASDAQ not as strong.
GLD 152.71 +0.02
SLV 28.00 +0.09
PTM 18.28 +0.08
XLE 78.99 +0.38
XLF 18.24 +0.05
VXX 21.63 -0.30
Was watching interrelationship of gold/silver/platinum and thought to go long silver before Thursday close. Did not make the trade, though silver was modestly higher Friday.
CEF 19.57 +0.09
GOLD 80.94 -1.36. Randgold Resources Limited. Lower with volume is not a good sign for miners.
GDX 37.11 +0.20. Miners.
TSLA 38.47 +0.24
YCS 61.53 +1.43. ProShares UltraShort Yen. Big move and another 52 week high. Dollar is higher and looking to go to 84.
Nasdaq 3,244.37 +12.28
SP500 1,551.18 +6.92
30-yrBond 3.26% +0.06
Major indices SPY and DOW looking to go higher. DOW pullback to 13500 may be a compelling place to get very long. NASDAQ not as strong.
GLD 152.71 +0.02
SLV 28.00 +0.09
PTM 18.28 +0.08
XLE 78.99 +0.38
XLF 18.24 +0.05
VXX 21.63 -0.30
Was watching interrelationship of gold/silver/platinum and thought to go long silver before Thursday close. Did not make the trade, though silver was modestly higher Friday.
CEF 19.57 +0.09
GOLD 80.94 -1.36. Randgold Resources Limited. Lower with volume is not a good sign for miners.
GDX 37.11 +0.20. Miners.
TSLA 38.47 +0.24
YCS 61.53 +1.43. ProShares UltraShort Yen. Big move and another 52 week high. Dollar is higher and looking to go to 84.
Saturday, March 02, 2013
20130301 Weekend
Dow 14,089.66 +35.17
Nasdaq 3,169.74 +9.55
SP500 1,518.20 +3.52
30-yrBond 3.0650% -0.0290
GLD 152.44 -0.56
SLV 27.62 +0.08
PTM 17.92 -0.12
XLE 77.79 +0.10
XLF 17.64 +0.05
VXX 24.33 +0.36
BBRY 13.26 -0.10. Research In Motion Limited. This week went long at 13.3. Fundamentally, looking for upside surprise from new smartphone models.
Nasdaq 3,169.74 +9.55
SP500 1,518.20 +3.52
30-yrBond 3.0650% -0.0290
GLD 152.44 -0.56
SLV 27.62 +0.08
PTM 17.92 -0.12
XLE 77.79 +0.10
XLF 17.64 +0.05
VXX 24.33 +0.36
BBRY 13.26 -0.10. Research In Motion Limited. This week went long at 13.3. Fundamentally, looking for upside surprise from new smartphone models.
Thursday, February 21, 2013
20130221 PM
Dow 13,880.62 -46.92
Nasdaq 3,131.49 -32.92
SP500 1,502.42 -9.53
30-yrBond 3.17% -0.04
Yesterday stock indices sold off. Continued to slide today.
Yesterday energy, metals, and miners really sold off. Today these stabilized, except for platinum which is lower. Note that the past week platinum was trying to hold price, diverging from the metals. Miners are at multi-year lows.
GLD 152.62 +1.18
SLV 27.74 +0.15
PTM 18.40 -0.39
XLE 77.12 -0.58
XLF 17.51 -0.15
VXX 23.25 +0.42
CEF 19.60 +.35. Bought half position at 19.72. Closed end fund slightly below intrinsic value.
Nasdaq 3,131.49 -32.92
SP500 1,502.42 -9.53
30-yrBond 3.17% -0.04
Yesterday stock indices sold off. Continued to slide today.
Yesterday energy, metals, and miners really sold off. Today these stabilized, except for platinum which is lower. Note that the past week platinum was trying to hold price, diverging from the metals. Miners are at multi-year lows.
GLD 152.62 +1.18
SLV 27.74 +0.15
PTM 18.40 -0.39
XLE 77.12 -0.58
XLF 17.51 -0.15
VXX 23.25 +0.42
CEF 19.60 +.35. Bought half position at 19.72. Closed end fund slightly below intrinsic value.
Sunday, February 10, 2013
20130208 Weekend
Dow 13,992.97 +48.92
Nasdaq 3,193.87 +28.74
SP500 1,517.93 +8.54
30-yrBond 3.1670% +0.0040
Broad market churning is lopsided. Not bullish.
GLD 161.55 -0.29
SLV 30.44 -0.02. Weekly close below 31 is a concern. A dip to buy or is broad market turning lower?
PTM 19.64 -0.04
XLE 78.59 +0.74
XLF 17.60 +0.05
VXX 22.99 -0.47
DBA 27.00 -0.19. PowerShares DB Agriculture. 52 week range 25.70 - 30.87. Watch for rolling over and broad market may follow.
NEM 44.93 -0.32. Newmont Mining Corp. Weekly price held.
MUX 3.14 +0.07. McEwen Mining Inc. Was purchased before year-end with a standing order at 3.71.
YCS 57.61 -1.12. ProShares UltraShort Yen. Gap down triggered trailing stop to sell at 57.60, for 4.61 per share gain. This was bought at 52.99 on January 15.
Nasdaq 3,193.87 +28.74
SP500 1,517.93 +8.54
30-yrBond 3.1670% +0.0040
Broad market churning is lopsided. Not bullish.
GLD 161.55 -0.29
SLV 30.44 -0.02. Weekly close below 31 is a concern. A dip to buy or is broad market turning lower?
PTM 19.64 -0.04
XLE 78.59 +0.74
XLF 17.60 +0.05
VXX 22.99 -0.47
DBA 27.00 -0.19. PowerShares DB Agriculture. 52 week range 25.70 - 30.87. Watch for rolling over and broad market may follow.
NEM 44.93 -0.32. Newmont Mining Corp. Weekly price held.
MUX 3.14 +0.07. McEwen Mining Inc. Was purchased before year-end with a standing order at 3.71.
YCS 57.61 -1.12. ProShares UltraShort Yen. Gap down triggered trailing stop to sell at 57.60, for 4.61 per share gain. This was bought at 52.99 on January 15.
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