Wednesday, May 22, 2013

20130522 Evening, DLSV

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.

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.

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.

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.

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.