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.
Tuesday, May 05, 2009
20090505 1534
DOW 8,412.96 -13.78
NASDAQ 1,751.46 -12.10
SP500 903.94 -3.30
XLF 11.65 -0.08. Higher price looks to fail today. Appears to be setting up for lower prices.
COIN 1.88 +0.23. Sharp move higher. Two month high.
NASDAQ 1,751.46 -12.10
SP500 903.94 -3.30
XLF 11.65 -0.08. Higher price looks to fail today. Appears to be setting up for lower prices.
COIN 1.88 +0.23. Sharp move higher. Two month high.
20090505 1044
DOW 8,396.71 -30.03
NASDAQ 1,743.26 -20.30
SP500 900.08 -7.16
FAZ 6.63 +0.33. Started large position at 6.65. Triple short the XLF.
XLF 11.4912 -0.2388. Day range 11.44 - 11.77. Marginally higher in the first ten minutes of trading, then lower. Can quickly go to 11 then look for 9.
NASDAQ 1,743.26 -20.30
SP500 900.08 -7.16
FAZ 6.63 +0.33. Started large position at 6.65. Triple short the XLF.
XLF 11.4912 -0.2388. Day range 11.44 - 11.77. Marginally higher in the first ten minutes of trading, then lower. Can quickly go to 11 then look for 9.
20090505 0932
DOW 8,423.87 -2.87
NASDAQ 1,754.61 -8.95
SP500 904.79 -2.45
CVGI 1.06 +0. Started long position at 1.02.
NASDAQ 1,754.61 -8.95
SP500 904.79 -2.45
CVGI 1.06 +0. Started long position at 1.02.
Monday, May 04, 2009
20090504 PM
DOW 8,426.74 +214.33
NASDAQ 1,763.56 +44.36
SP500 907.24 +29.72
Indices went higher and closed at highs with lighter volume.
GLD 88.64 +1.69
SLV 12.83 +0.52
PTM 13.60 +0.33
COIN 1.65 +0.13
TRE 2.98 +0.08
CROX 3.25 +0.96. Price spread with volume. Earnings Thursday.
CVGI 1.06 +0.02
DRYS 9.48 +1.20. Good volume.
EWT 11.15 +0.84
FXI 35.16 +2.89
FTK 2.75 +0.51. Will see 3 then maybe 4.
NGD 1.97 +0.07. Good volume.
SYNM 2.00 +0.10
Q 4.24 +0.18. Volume is coming in. Nine month high. 7.8% yield.
URE 4.16 +0.60
XLE 11.73 +1.08. Price is moving up with volume lighter. Can go a little higher then be ready for a sharp pullback.
XLF 11.73 +1.08. Can go a point higher. Bank stress test results scheduled for May 7.
NASDAQ 1,763.56 +44.36
SP500 907.24 +29.72
Indices went higher and closed at highs with lighter volume.
GLD 88.64 +1.69
SLV 12.83 +0.52
PTM 13.60 +0.33
COIN 1.65 +0.13
TRE 2.98 +0.08
CROX 3.25 +0.96. Price spread with volume. Earnings Thursday.
CVGI 1.06 +0.02
DRYS 9.48 +1.20. Good volume.
EWT 11.15 +0.84
FXI 35.16 +2.89
FTK 2.75 +0.51. Will see 3 then maybe 4.
NGD 1.97 +0.07. Good volume.
SYNM 2.00 +0.10
Q 4.24 +0.18. Volume is coming in. Nine month high. 7.8% yield.
URE 4.16 +0.60
XLE 11.73 +1.08. Price is moving up with volume lighter. Can go a little higher then be ready for a sharp pullback.
XLF 11.73 +1.08. Can go a point higher. Bank stress test results scheduled for May 7.
Sunday, May 03, 2009
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.
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.
Friday, May 01, 2009
20090501 1050
DJIA 8,132.04 -36.08
NASDAQ 1,709.69 -7.61
SP500 869.68 -3.13
BGZ 44.97 +0.37. Sold tiny position at 44.9 for gain of .64 per share.
NASDAQ 1,709.69 -7.61
SP500 869.68 -3.13
BGZ 44.97 +0.37. Sold tiny position at 44.9 for gain of .64 per share.
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