20110902 Weekend

Dow 11,240.26 -253.31
Nasdaq 2,480.33 -65.71
SP500 1,173.97 -30.45
30-yrBond 3.31% -0.20

USA markets will be closed on Monday.

GLD 183.24 +5.37 (3.02%)
SLV 42.18 +1.66 (4.1%)
PTM 22.03 +0.41 (1.9%)
XLE 66.22 -1.90 (2.79%)
XLF 12.54 -0.54 (4.13%)
VXX 41.48 +1.99 (5.04%)

Dollar higher. Precious metals higher. Copper lower. Oil lower.
Stock indices gapped lower on open and closed near low of day.

Gold had new record weekly close. While gold volume was lighter, it looks to retest the recent highs.
DAX100 5,538.330 -192.30 (3.36%). If breaks below recent lows of 5,345.36, watch out.

AGQ 243.90 +18.52 (8.22%)
DGP 71.76 +4.13 (6.11%)
SDS 24.22 +1.23 (5.35%). Not taken out with trailing stop.

BAC 7.25 0.66 (8.34%). Everyone who bought after Warren Buffett's sweetheart deal is in a losing position.
HRB 13.41 -1.77 (11.66%). H&R Block, Inc. 52 week range 10.13 - 18.00. Steep decline in reported earnings for the fiscal first quarter of 2012.
MRVL 12.89 -0.13. Intraday 52 week low. Rumors of speed problems with their chip that is included with SSD devices made by other companies. A big recall would be expensive. "You will be very disappointed with any SSD you hook up to is as the marvel controller just wont reach the speed they clam it will."
NFLX 213.11 -20.16 (8.64%)
SVM 7.53 -0.88 (10.46%). Silvercorp Metals Inc. 52 week low. Problems in China with accusations of financial issues.
TRX 5.85 -0.03. Tanzanian Royalty Exploration Corp.

Weekend viewing: