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.

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