Sunday, January 04, 2009

20090102PM, Oil Real Estate APL FAS BGU

DOW 9,034.69 +258.30 (+2.94%)
NASDAQ 1,632.21 +55.18 (+3.50%)
SP500 931.80 +28.55 (+3.16%)
Light volume with nice percentage gain this week. Typically would look for downside pressure next week. Watch volume at 951 on the SP500.
The talk of a market up-move before the inauguration is just hope. Maybe it happens and maybe it doesn't happen.

Earlier this week closed SSO (gain), BGU (gain), and FAS (small loss).
APL 7.33 +1.33. 52% dividend. Was looking to buy this on any oil pullback. It started moving up so I bought the breakout. Risky strategy as breakouts can fail.

UCO 15.66 +1.97. Ultra DJ-AIG Crude Oil ProShares. New issue.

Real Estate:
SRS 53.23 +2.52. Decent volume the past couple days.
URE 5.99 -.41. Can quickly go a buck or so lower.

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