DOW 8,167.75 +4.15
NASDAQ 1,741.83 -4.34
SP500 880.04 -0.99
SSO 23.91 +0.03. Incorrectly started this as a long position, so closed it out quickly for .12 per share loss. Want to be short the indices, not long so looking at TZA.
Wednesday, July 08, 2009
20090708 1050
DOW 8,189.97 +26.37
NASDAQ 1,748.51 +2.34
SP500 882.87 +1.84
SSO 24.10 +0.22. Started day trade at 24.04.
RBY 2.56 -0.27. Volume is coming in on the downside, and price spread is higher than usual. Getting stopped out of some of this long position for .64 per share loss. Redeploying some of the money into short instruments.
NASDAQ 1,748.51 +2.34
SP500 882.87 +1.84
SSO 24.10 +0.22. Started day trade at 24.04.
RBY 2.56 -0.27. Volume is coming in on the downside, and price spread is higher than usual. Getting stopped out of some of this long position for .64 per share loss. Redeploying some of the money into short instruments.
Tuesday, July 07, 2009
20090707 PM
DOW 8,163.60 -161.27
NASDAQ 1,746.17 -41.23
SP500 881.03 -17.69. Looks to break support tomorrow. If support breaks, look for quick trip to 820.
Indices opened slightly lower then sold off, chopped, then sold off into close to end at low of day.
GLD 90.71 -0.05
SLV 12.89 -0.21
PTM 13.67 -0.17
XLE 44.52 -1.17
XLF 11.30 -0.18
BGZ 39.86 +2.23. Sold 1/2 the long position at 39.57 for .55 per share gain.
FCX 45 -.94. Went short at 45.38.
AIG 13.75 -2.44. Have been trying to short for a couple days, but unable to borrow shares.
AIV 8.05 -0.52
CBL 4.64 -0.45
DMM 36.47 -3.07
SMN 21.76 +1.14
NASDAQ 1,746.17 -41.23
SP500 881.03 -17.69. Looks to break support tomorrow. If support breaks, look for quick trip to 820.
Indices opened slightly lower then sold off, chopped, then sold off into close to end at low of day.
GLD 90.71 -0.05
SLV 12.89 -0.21
PTM 13.67 -0.17
XLE 44.52 -1.17
XLF 11.30 -0.18
BGZ 39.86 +2.23. Sold 1/2 the long position at 39.57 for .55 per share gain.
FCX 45 -.94. Went short at 45.38.
AIG 13.75 -2.44. Have been trying to short for a couple days, but unable to borrow shares.
AIV 8.05 -0.52
CBL 4.64 -0.45
DMM 36.47 -3.07
SMN 21.76 +1.14
20090706 PM
Dow 8,324.87 +44.13
Nasdaq 1,787.40 -9.12
SP500 898.72 +2.30
Lower prices were rejected with tiny volume.
GLD 90.76 -0.49
SLV 13.10 -0.06
PTM 13.85 -0.71
Nasdaq 1,787.40 -9.12
SP500 898.72 +2.30
Lower prices were rejected with tiny volume.
GLD 90.76 -0.49
SLV 13.10 -0.06
PTM 13.85 -0.71
Monday, July 06, 2009
20090706 1033
DOW 8,212.27 -68.47
NASDAQ 1,770.73 -25.79
SP500 887.24 -9.18
Market indices gapped down on the open. Oil, metals, and other commodities lower.
BGU 30.39 -1.13. In morning when indices started to recove from gap down, went long at 30.95 and trailing stop closed the position at 30.93 for .02 per share loss.
BGZ 38.95 +1.39. Long at 39.02 when indices turned lower.
TZA 25.29 +1.66. Markets gapped down on open and started to recover, so closed this long (of a short equity) at 24.16 for .4 per share loss and then went long BGU.
CBL 4.97 -0.09. Short opportunity this morning when it briefly was positive.
SMN 21.39 +1.52
NASDAQ 1,770.73 -25.79
SP500 887.24 -9.18
Market indices gapped down on the open. Oil, metals, and other commodities lower.
BGU 30.39 -1.13. In morning when indices started to recove from gap down, went long at 30.95 and trailing stop closed the position at 30.93 for .02 per share loss.
BGZ 38.95 +1.39. Long at 39.02 when indices turned lower.
TZA 25.29 +1.66. Markets gapped down on open and started to recover, so closed this long (of a short equity) at 24.16 for .4 per share loss and then went long BGU.
CBL 4.97 -0.09. Short opportunity this morning when it briefly was positive.
SMN 21.39 +1.52
Sunday, July 05, 2009
20090702 Weekend, Housing ETF
Dow 8,280.74 -223.32
Nasdaq 1,796.52 -49.20
SP500 896.42 -26.91
30yrBond 4.3170% -0.0300
10yrT-Note 3.495% -0.49
NYSE stayed open 15 minutes late. Did Government Sachs need more time to do the Treasury's and Fed's bidding?
GLD 91.25 -1.14
SLV 13.16 -0.39
PTM 14.56 +0.01
Short week with US markets closed on Friday.
Unemployment report had larger than expected job losses.
Looking for light volume Monday, and lower prices with more volume on Tue/Wed.
DRYS 5.44 -0.24. Covered short today.
CBL 5.06 -0.55. Short it, now!
SMN 19.87 +0.97
WLL 33.26 -2.15
DMM 31.86 +0.89. MacroShares Major Metro Housing Down. 3x leverage.
UMM 18.17 -1.65. MacroShares Major Metro Housing Up. 3x leverage.
Up and Down do not invest directly in a relevant underlying asset such as stocks, bonds, or houses. Instead, they invest in short-term Treasury securities and overnight repurchase agreements. The paired trusts have a binding agreement to pledge assets to one another over time, according to a predetermined formula that is driven by changes in the housing index, based on the movement of housing prices. This transfer of value back and forth gives "investors" exposure to the direction of U.S. home prices.
The structure resembles a see-saw as the assets are shuffled between the paired trusts. Because of the pairing requirement, an equal number of shares for each fund will be created. Because of the leverage factor, the Up and Down ETFs will experience changes of 3x the changes in the S&P/Case-Shiller Composite-10 Home Price Index. ... They are vehicles for naked gambling. Just bet up or down (black or red). You have a 50% chance of winning.
Nasdaq 1,796.52 -49.20
SP500 896.42 -26.91
30yrBond 4.3170% -0.0300
10yrT-Note 3.495% -0.49
NYSE stayed open 15 minutes late. Did Government Sachs need more time to do the Treasury's and Fed's bidding?
GLD 91.25 -1.14
SLV 13.16 -0.39
PTM 14.56 +0.01
Short week with US markets closed on Friday.
Unemployment report had larger than expected job losses.
Looking for light volume Monday, and lower prices with more volume on Tue/Wed.
DRYS 5.44 -0.24. Covered short today.
CBL 5.06 -0.55. Short it, now!
SMN 19.87 +0.97
WLL 33.26 -2.15
DMM 31.86 +0.89. MacroShares Major Metro Housing Down. 3x leverage.
UMM 18.17 -1.65. MacroShares Major Metro Housing Up. 3x leverage.
Up and Down do not invest directly in a relevant underlying asset such as stocks, bonds, or houses. Instead, they invest in short-term Treasury securities and overnight repurchase agreements. The paired trusts have a binding agreement to pledge assets to one another over time, according to a predetermined formula that is driven by changes in the housing index, based on the movement of housing prices. This transfer of value back and forth gives "investors" exposure to the direction of U.S. home prices.
The structure resembles a see-saw as the assets are shuffled between the paired trusts. Because of the pairing requirement, an equal number of shares for each fund will be created. Because of the leverage factor, the Up and Down ETFs will experience changes of 3x the changes in the S&P/Case-Shiller Composite-10 Home Price Index. ... They are vehicles for naked gambling. Just bet up or down (black or red). You have a 50% chance of winning.
Wednesday, July 01, 2009
20090701 PM
DOW 8,504.06 +57.06
NASDAQ 1,845.72 +10.68
SP500 923.33 +4.01
Indices opened higher, move higher, then gave back the lunch hour gains to close near the open prices. Light volume.
First day of the 2nd half of the year, so window dressing is over. Indications are the employment report will be bad tomorrow. Expect light volume until Tuesday. Next Tuesday/Wednesday could see some selling.
GLD 92.39 +1.21
SLV 13.55 +0.17
PTM 14.55 +0.34
RBY 3.06 +0.09
TRE 3.13 +0.21
MYGN 26.02 -9.63 (27.01%). This equity had huge downside volume a few days ago. Trading on non-public information.
NASDAQ 1,845.72 +10.68
SP500 923.33 +4.01
Indices opened higher, move higher, then gave back the lunch hour gains to close near the open prices. Light volume.
First day of the 2nd half of the year, so window dressing is over. Indications are the employment report will be bad tomorrow. Expect light volume until Tuesday. Next Tuesday/Wednesday could see some selling.
GLD 92.39 +1.21
SLV 13.55 +0.17
PTM 14.55 +0.34
RBY 3.06 +0.09
TRE 3.13 +0.21
MYGN 26.02 -9.63 (27.01%). This equity had huge downside volume a few days ago. Trading on non-public information.
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