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.

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.

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.

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.

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.