Saturday, April 06, 2013

20130405 Weekend

Dow 14,565.25 -40.86
Nasdaq 3,203.86 -21.12
SP500 1,553.28 -6.70
30-yrBond 2.86% -0.12

GLD 152.80 +2.51
SLV 26.39 +0.40
PTM 17.45 +0.11
XLE 77.33 +0.20
XLF 18.03 -0.05
VXX 20.12 +0.09

Broad stock indices had impressive run up in the final half hour of trading.

Precious metals had significant bounce after significant sell-off earlier in the week.  Was short silver overnight last week and closed that trade Friday.  Didn't want to hold shorts over the weekend in this highly manipulated market (private Fed banks, PPT - President's Working Group on Financial Markets).
Japanese Yen continues severe sell-off. 

BBRY 14.70 -0.29.  Blackberry RIMM.  Sold at 14.66 for 1.36 per share gain.  While I had an idea to hold this for several company reporting periods - into year end - decided to take the money in the high volatility technology stock.  If overall market continues to sell off, this type of recent gainer will be sold.

MUX 2.74 +0.08.  McEwen Mining.  Bought 1000 at 2.80 to add to position.  Price looked strong in afternoon trading.


YCS 63.39 +1.97.  ProShares UltraShort Yen.  Was flat on this currency trade for the Japanese political speeches, but could have bought into this yesterday.  Missed a good part of the early move, though this is a big trend that should play out strongly.  Bought at 63.23.

ATUSF 11.33 -0.08.  Moved counter to the mining sector.

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