20090501 Weekend

DJIA 8,212.41 +44.29
NASDAQ 1,719.20 +1.90. Can easily drop 100 or more points.
SP500 877.52 +4.71. Watch the volume as it goes down toward 800.
Spike up in last minutes jammed the indices to positive.
Over next week look for sideways to down. The risk is being long due to a possibility of a market selloff. There may be a few percent more upside, but it is not worth the risk.
Treasury bonds rates are creeping up while Fed is buying. Fed can't keep a lid on higher rates without significantly devaluing the dollar.
GLD 86.95 -0.32
SLV 12.31 +0.10
PTM 13.27 -0.02

COIN 1.52 +0.21. Day range 1.18 - 1.66.

BWP 20.65 +0.15. 9.4% dividend.
RGR 11.63 -0.68. Failed on April 30, so may go lower.
TGB 1.55 +0.13.

FAZ 8.61 +0.30.

Possible shorts:
ERJ 16.75 0.53.
HD 25.77 -0.55. Failing at these prices. Has had huge run from 17.49 and can easily retrace.
MA 172.90 -10.55. Can test 150.
MENT 6.76 +0.04. Positive Barron's article.
XLF 10.65 -0.08. Going to test 10.

Possible longs:
ANR 23.37 +2.89. High of 119.3 July 2008. Look to make a long term buy.
ATK 82.17 +2.52. Ammo/arms.
EWT 10.31 +0.09. IShares Trust MSCI Taiwan Index.
FLIR 25.31 +3.13. December high volume 32.16 high can be retested.