20090505 PM

DOW 8,410.65 -16.09
NASDAQ 1,754.12 -9.44
SP500 903.80 -3.44
Earnings are putting some big percentage gains into some stocks. The big-name stocks aren't going up - more of consolidation. Small, low-priced stocks are still getting big moves. When the big names aren't moving and the small names are getting fast money, the market looks to soon go lower. Looking for indices to pull back.
GLD 88.25 -0.39. Gapped higher then faded.
SLV 13.14 +0.31
PTM 13.65 +0.05

CVGI 1.07 +0.01
COIN 1.79 +0.14
EEE 1.16 +0.05. Regained compliance to remain listed on exchange.
FAZ 6.54 +0.24. With the way XLF failed on price today, am considering holding FAZ through bank stress test results. Some reports speculate $10 billion will be needed by Citigroup, while SNL's analysis has dramatically higher numbers. Based on SNL's tests, Citi would need to come up with $54.8 billion to maintain a 3% tangible common equity ratio. BofA would need $71.8 billion to keep its TCE ratio at the same level. Wells Fargo had the third largest shortfall on a TCE basis, needing an additional $66.3 billion. If there was a binary option, I would take the side of much more capital being needed and that makes me want to consider holding this through the stress test puffery.

ATRC 3.16 +1.76 (125.71%)
CROX 3.75 +0.50 (15.36%). Big volume. Day range 3.35 - 3.90.
MGM 12.80 +3.36 (35.59%)
Q 4.86 +0.62 (14.62%). Huge volume. 7.9% dividend.
URE 3.87 -0.29
XLF 11.56 -0.17. Price failed today. Looks to get back to 10.