20090709 1046

DOW 8,177.35 -1.06
NASDAQ 1,752.57 +5.40
SP500 882.37 +2.81

Indices and metals having small bounce.
Crude oil continues to sell off. May see 45 soon.

BGU 29.75 +0.19. Sold part of the long position at 29.95 for .32 per share gain. Bought additional shares at 29.85.

20090708 1546

DOW 8,184.68 +21.08
NASDAQ 1,751.13 +4.96
SP500 880.09 -0.94

Indices moving higher for closing thirty minutes.
The trailing stops on the short positions today showed their value.

BGU 29.64 +0.08. Bought at 29.69 for scalp.

20090708 1512

DOW 8,140.47 -23.13
NASDAQ 1,740.30 -5.87
SP500 875.43 -5.60

PSQ 59.15 -0.05. Tight trailing stop closed position for .04 per share loss.

20090708 1349

DOW 8,145.76 -17.84
NASDAQ 1,740.56 -5.61
SP500 876.28 -4.75

PSQ 59.14 -0.06. Bought at 59.15. Not as much volume as other ETFs, so may not get price execution. Trying this to see how it goes.

20090708 1313

DOW 8,135.86 -27.74
NASDAQ 1,736.38 -9.79
SP500 874.59 -6.44

BGZ 40.71 +0.85. Trailing stop sold at 40.89 for 1.86 per share gain.
TZA 27.18 +1.32. Trailing stop sold at 27.32 for .51 per share intraday gain.

20090708 1253

DOW 8,120.82 -42.78
NASDAQ 1,733.49 -12.68
SP500 872.81 -8.22

Indices appear to be attempting to stage a rebound. Tight stops on 3x bear positions. Financials look to have further weakness. Maybe the techs can provide upside movement?

FCX 43.98 -1.01. Covered overnight short at 44 for 1.38 per share gain.

20090708 1114

DOW 8,153.70 -9.90
NASDAQ 1,738.73 -7.44
SP500 878.34 -2.69.

Critical point at 877 for those long the S&P. If this price doesn't hold, there will be a waterfall of price destruction.