DJIA 10,792.18 -19.86
NASDAQ 2,356.75 -13.02
SP500 1,138.52 -3.64
Some volatility in the first half hour. Everyone is holding their breath waiting for a plunge, while indices have continued higher on lighter volume.
Overnight gold traded $20 lower then recovered. Looking to go short silver or gold for a scalp.
GLD 127.22 +0.50
SLV 20.96 -0.03
PTM 19.24 +0.00
DZZ 9.60 -0.07. PowerShares DB Gold Double Short ETN. Started 1/2 position at 9.68. Day range 9.57 - 9.78. Previous close 9.67.
Notes from various radio programs that cover investing, trading, and the markets. Additional commentary about trading ideas, investing, stock brokers, option brokers, moving averages, candle stick charting, ABC, fibonacci, support, resistance, channels, trends, and commodities.
Tuesday, September 28, 2010
Friday, September 17, 2010
20100917 0946
DJIA 10,618.45 +23.62
NASDAQ 2,312.01 +8.76
SP500 1,128.56 +3.90
Indices opened higher on earnings reports. Option expiry pushing around prices.
Overnight the dollar moved higher and metals lower. This seems to have played out and may pause or reverse.
AGQ 75.84 -0.46. Aggressive long silver swing trade. Looking to close today.
NASDAQ 2,312.01 +8.76
SP500 1,128.56 +3.90
Indices opened higher on earnings reports. Option expiry pushing around prices.
Overnight the dollar moved higher and metals lower. This seems to have played out and may pause or reverse.
AGQ 75.84 -0.46. Aggressive long silver swing trade. Looking to close today.
Thursday, September 16, 2010
20100915 PM
Dow 10,572.73 +46.24
Nasdaq 2,301.32 +11.55
SP500 1,125.07 +3.97
30-yrBond 3.8740% +0.8800
GLD 123.94 -0.08
SLV 20.17 +0.12
PTM 19.07 +0.24
XLE 54.66 -0.11
XLF 14.76 +0.05
VXX 17.31 -0.26
AGQ Tuesday, 14th, bought small position at 73.89.
NNVC Tuesday, 14th, sold second half of position at 1.10 for huge 1.38 per share loss. In retrospect, should have sold all of it in May.
Nasdaq 2,301.32 +11.55
SP500 1,125.07 +3.97
30-yrBond 3.8740% +0.8800
GLD 123.94 -0.08
SLV 20.17 +0.12
PTM 19.07 +0.24
XLE 54.66 -0.11
XLF 14.76 +0.05
VXX 17.31 -0.26
AGQ Tuesday, 14th, bought small position at 73.89.
NNVC Tuesday, 14th, sold second half of position at 1.10 for huge 1.38 per share loss. In retrospect, should have sold all of it in May.
Monday, August 30, 2010
20100830 PM
Dow 10,009.73 -140.92
Nasdaq 2,119.97 -33.66
SP500 1,048.92 -15.67
10-YrBond 2.55% -1.07
Stocks indices tried to go higher with lighter volume and failed.
Japanese central bank increased credit facilities, to no avail. Metals held price (down marginally) while the dollar ramped higher. Gold close above 1245 and it can quickly run $100 higher.
SQIFF 0.874 +0.079 (9.94%). 52 week high.
MDW 0.499 +0.029 (6.17% )
BAC 12.32 -0.32. Pressing 52 week lows.
Nasdaq 2,119.97 -33.66
SP500 1,048.92 -15.67
10-YrBond 2.55% -1.07
Stocks indices tried to go higher with lighter volume and failed.
Japanese central bank increased credit facilities, to no avail. Metals held price (down marginally) while the dollar ramped higher. Gold close above 1245 and it can quickly run $100 higher.
SQIFF 0.874 +0.079 (9.94%). 52 week high.
MDW 0.499 +0.029 (6.17% )
BAC 12.32 -0.32. Pressing 52 week lows.
Sunday, August 29, 2010
20100829 Weekend
Dow 10,150.65 164.84 (1.65%)
Nasdaq 2,153.63 34.94 (1.65%)
S&P 500 1,064.59 17.37 (1.66%)
10-Yr Bond 2.65% 0.1530
After early morning selloff, stock indices ran higher. Bernanke said the Fed can do more quantitative easing.
Japanese Yen has been marching higher, while Japanese stock market makes new 52 week lows. Reportedly central bank of Japan will meet during the weekend.
Gold and silver higher. Silver up 16% to close into 19s. Smaller miners nearing 52 week highs.
GLD 121.01 +0.05
SLV 18.70 +0.11
PTM 18.12 +0.02
XLE 52.10 +1.32
XLF 13.73 +0.29
VXX 21.50 -1.40 (6.11%)
EXK 3.50 +0.17 (5.11%)
NGD 6.48 +0.43 (7.11%)
SQIFF 0.7950 +0.0550 (7.43%)
Nasdaq 2,153.63 34.94 (1.65%)
S&P 500 1,064.59 17.37 (1.66%)
10-Yr Bond 2.65% 0.1530
After early morning selloff, stock indices ran higher. Bernanke said the Fed can do more quantitative easing.
Japanese Yen has been marching higher, while Japanese stock market makes new 52 week lows. Reportedly central bank of Japan will meet during the weekend.
Gold and silver higher. Silver up 16% to close into 19s. Smaller miners nearing 52 week highs.
GLD 121.01 +0.05
SLV 18.70 +0.11
PTM 18.12 +0.02
XLE 52.10 +1.32
XLF 13.73 +0.29
VXX 21.50 -1.40 (6.11%)
EXK 3.50 +0.17 (5.11%)
NGD 6.48 +0.43 (7.11%)
SQIFF 0.7950 +0.0550 (7.43%)
Thursday, August 26, 2010
20100826 PM
Dow 9,985.81 -74.25
Nasdaq 2,118.69 -22.85
SP500 1,047.22 -8.11. Close below 1040 will
10-YrBond 2.50% -0.0390
Stock indices could not handle the early higher prices, and sold off.
Bonds look to have a blow-off top in the next couple months.
GLD 120.96 -0.40
SLV 18.59 +0.05
PTM 18.10 +0.04
XLE 50.78 -0.46
XLF 13.44 -0.11
VXX 22.90 +0.23
SDS 35.55 +0.49. Sold at 35.272 for .878 per share gain.
Nasdaq 2,118.69 -22.85
SP500 1,047.22 -8.11. Close below 1040 will
10-YrBond 2.50% -0.0390
Stock indices could not handle the early higher prices, and sold off.
Bonds look to have a blow-off top in the next couple months.
GLD 120.96 -0.40
SLV 18.59 +0.05
PTM 18.10 +0.04
XLE 50.78 -0.46
XLF 13.44 -0.11
VXX 22.90 +0.23
SDS 35.55 +0.49. Sold at 35.272 for .878 per share gain.
Wednesday, August 25, 2010
20100825 PM
Dow 10,060.06 +19.61
Nasdaq 2,141.54 +17.78
SP500 1,055.33 +3.46. Can bounce to 1080.
10-YrBond 2.54% +0.39
US stock indices rejected lower prices. Look for a bounce then lower prices.
Metals and junior miners showing strength. Gold closing above 1243 will propel it quickly above 1300.
Japan set another 52 week low.
Let's see how the markets do into the weekend, before lightening up some of the shorts. Likely will lighten up the shorts by September 10.
GLD 121.36 +1.00
SLV 18.54 +0.55
PTM 18.06 +0.11
XLE 51.24 -0.16
XLF 13.55 +0.04
VXX 22.67 -0.58
RIMM 47.74 +0.68. If this bounces over the next few days, consider shorting near 50.
Smaller miners are moving:
GBG 2.14 +0.07 (3.38%)
GDXJ 29.62 +1.02 (3.57%). Market Vectors Junior Gold Miners ETF.
MDW 0.46 +0.02 (4.57%)
NGD 5.98 +0.45 (8.14%)
SQIFF 0.77 +0.0582 (8.18%)
Nasdaq 2,141.54 +17.78
SP500 1,055.33 +3.46. Can bounce to 1080.
10-YrBond 2.54% +0.39
US stock indices rejected lower prices. Look for a bounce then lower prices.
Metals and junior miners showing strength. Gold closing above 1243 will propel it quickly above 1300.
Japan set another 52 week low.
Let's see how the markets do into the weekend, before lightening up some of the shorts. Likely will lighten up the shorts by September 10.
GLD 121.36 +1.00
SLV 18.54 +0.55
PTM 18.06 +0.11
XLE 51.24 -0.16
XLF 13.55 +0.04
VXX 22.67 -0.58
RIMM 47.74 +0.68. If this bounces over the next few days, consider shorting near 50.
Smaller miners are moving:
GBG 2.14 +0.07 (3.38%)
GDXJ 29.62 +1.02 (3.57%). Market Vectors Junior Gold Miners ETF.
MDW 0.46 +0.02 (4.57%)
NGD 5.98 +0.45 (8.14%)
SQIFF 0.77 +0.0582 (8.18%)
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