Wednesday, April 25, 2012

20120425 PM

Dow 13,090.72 +89.16
Nasdaq 3,029.63 +68.03
SP500 1,390.69 +18.72
30-yrBond 3.1460% +0.0320

Metals could have put in a bottom today.  Sometimes there is a change in trend during the Money Show, which will be May 14 - 17, so a bottom may take a couple more weeks.
Gold rejected intraday low with a V-shaped spike lower to 1626 that immediately rebounded and went on to close higher.  Wants to run to 1681.
Silver tested below 30.50 and closed above important 30.50.

GLD 159.62 +0.32
SLV 29.86 -0.07
PTM 18.90 +0.16
XLE 70.09 +0.69
XLF 15.38 +0.13
VXX 16.82 -1.09


AGQ 48.97 -0.20.  Added at 48.98.  Now have full position. 

AAPL 610.00 +49.72 8.87%.  Gapped higher.
AEM 34.41 +1.59 4.84%.  Nearly ready to run higher.

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