Dow 14,779.92 -59.88
Nasdaq 3,314.13 -14.66
SP500 1,591.55 -6.02
30-yrBond 2.83% -0.06
GLD 12:00pm EDT 139.35 3.42
SLV 12:00pm EDT 22.52 -0.94
PTM 11:45am EDT 16.62 -0.33
XLE 12:00pm EDT 77.41 -0.86
XLF 12:00pm EDT 18.61 -0.09
VXX 12:00pm EDT 19.21 +0.24
Copper
and precious metals down sharply. Watching this pullback, if & how
recent lows are tested, for potential big physical purchase of precious
metals.
Wednesday, May 01, 2013
Thursday, April 18, 2013
20130417 PM
Dow 14,618.59 -138.19
Nasdaq 3,204.67 -59.96
SP500 1,552.01 -22.56
10-YrBond 1.70% -0.02
GLD 132.87 +0.07
SLV 22.44 -0.23
PTM 16.194 -0.24
XLE 74.08 -1.66
XLF 18.015 -0.35
VXX 21.07 +2.17
Some stocks and sectors probing yearly lows.
Commodities continue selling off. Copper is signaling significant worldwide slowdown.
A week ago, volatility premiums were low. That was clearly the place to be buying.
Big selling last week. Interesting timing with bankster meetings with politicians along with mainstream media article placement.
April 10 Goldman Cuts Gold Price Forecast Through 2014 as Cycle Turns "The bank cut its three-month target ... Goldman recommended closing a long Comex gold position ..." Remember that Goldman Sachs became a bank in 2008, to take advantage of free money from the Federal Reserve. This allowed the banksters to stay afloat, on the backs of the working Americans who actually produce something of value.
April 11 Obama Meets With Blankfein, Dimon and Moynihan Today "Jay Carney, the White House press secretary, declined to give details about the conversation with the president."
April 11 Full List of Banksters at White House Meeting Thursday
If you don't have it in your hand, you don't own it. ABN Amro clients only thought they owned precious metals, when in fact they owned a claim on a piece of paper. Some would consider this fraud. ABN Amro Halts Physical Gold Delivery "Clients owning precious metals will see their account balances adjusted by the prevailing Bid prices of gold."
For those who want to own it, physical "in your hand", metal is on sale. "The post-Songkran traffic jams were on the pavements outside gold shops on Wednesday, as buyers jammed every shop in town to buy the precious metal ..."
Congress repeals ban on their trading on inside information. Where are Occupy Wall Street and the Tea Parties now? Congress Quietly Repeals Congressional Insider Trading Ban They supposedly didn't like the disclosure piece of the law. These are public servants paid for with taxes. If they don't like disclosure, they should stop being our public servants and work in the private sector.
DSLV 51.65 +1.47. VelocityShares 3x Inverse Silver ETN. Took a small speculative position. Let's see if volatility, and forced margin selling, continues tomorrow.
AAPL 402.80 -23.44. 52 week low.
BBRY 13.91 -0.01
MUX 1.75 -0.16. 52 week low.
TRX 2.55 -0.33. 52 week low.
Nasdaq 3,204.67 -59.96
SP500 1,552.01 -22.56
10-YrBond 1.70% -0.02
GLD 132.87 +0.07
SLV 22.44 -0.23
PTM 16.194 -0.24
XLE 74.08 -1.66
XLF 18.015 -0.35
VXX 21.07 +2.17
Some stocks and sectors probing yearly lows.
Commodities continue selling off. Copper is signaling significant worldwide slowdown.
A week ago, volatility premiums were low. That was clearly the place to be buying.
Big selling last week. Interesting timing with bankster meetings with politicians along with mainstream media article placement.
April 10 Goldman Cuts Gold Price Forecast Through 2014 as Cycle Turns "The bank cut its three-month target ... Goldman recommended closing a long Comex gold position ..." Remember that Goldman Sachs became a bank in 2008, to take advantage of free money from the Federal Reserve. This allowed the banksters to stay afloat, on the backs of the working Americans who actually produce something of value.
April 11 Obama Meets With Blankfein, Dimon and Moynihan Today "Jay Carney, the White House press secretary, declined to give details about the conversation with the president."
April 11 Full List of Banksters at White House Meeting Thursday
If you don't have it in your hand, you don't own it. ABN Amro clients only thought they owned precious metals, when in fact they owned a claim on a piece of paper. Some would consider this fraud. ABN Amro Halts Physical Gold Delivery "Clients owning precious metals will see their account balances adjusted by the prevailing Bid prices of gold."
For those who want to own it, physical "in your hand", metal is on sale. "The post-Songkran traffic jams were on the pavements outside gold shops on Wednesday, as buyers jammed every shop in town to buy the precious metal ..."
Congress repeals ban on their trading on inside information. Where are Occupy Wall Street and the Tea Parties now? Congress Quietly Repeals Congressional Insider Trading Ban They supposedly didn't like the disclosure piece of the law. These are public servants paid for with taxes. If they don't like disclosure, they should stop being our public servants and work in the private sector.
DSLV 51.65 +1.47. VelocityShares 3x Inverse Silver ETN. Took a small speculative position. Let's see if volatility, and forced margin selling, continues tomorrow.
AAPL 402.80 -23.44. 52 week low.
BBRY 13.91 -0.01
MUX 1.75 -0.16. 52 week low.
TRX 2.55 -0.33. 52 week low.
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.
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.
Sunday, March 31, 2013
20130328 Weekend, Larry Pesavento's trading rules
Dow 14,578.54 +52.38
Nasdaq 3,267.52 +11.00
SP500 1,569.19 +6.34
30-yrBond 3.1040% +0.0120
GLD 154.47 -0.89
SLV 27.43 -0.30
PTM 17.88 -0.13
XLE 79.31 -0.23
XLF 18.21 +0.05
VXX 20.25 -0.09
Silver continues to lag gold. Copper also acting poorly. Gold going to 1582, then maybe look at it.
After nearly two weeks of being closed, Cyprus banks re-opened with depositor haircuts over the insured limit. Perception the ECB did not want to save Russian oligarch funds. At least one bank branch in London remained open and allowed withdraws. Watch Malta and Lithuania for other oligarch deposits. This should have scared Spain, Portugal, Greece, and Italy to get their bank balance sheets in order.
DSLV 31.21 +0.97. Sold at 31.14 for .90 per share gain. Silver down 1% overnight. Day range 30.46 - 31.60.
GOLD 85.98 -0.35. Miner with potential currency play.
When in doubt, get out.
Plan trading and stick to the plan.
Take out equity for rainy day periods.
Never close trade without a reason.
Stops are placed for protection, so use them.
Only true fact in trading is fear and greed.
Never allow substantial profit to become a loss.
Distribute risk equally over several markets.
Nasdaq 3,267.52 +11.00
SP500 1,569.19 +6.34
30-yrBond 3.1040% +0.0120
GLD 154.47 -0.89
SLV 27.43 -0.30
PTM 17.88 -0.13
XLE 79.31 -0.23
XLF 18.21 +0.05
VXX 20.25 -0.09
Silver continues to lag gold. Copper also acting poorly. Gold going to 1582, then maybe look at it.
After nearly two weeks of being closed, Cyprus banks re-opened with depositor haircuts over the insured limit. Perception the ECB did not want to save Russian oligarch funds. At least one bank branch in London remained open and allowed withdraws. Watch Malta and Lithuania for other oligarch deposits. This should have scared Spain, Portugal, Greece, and Italy to get their bank balance sheets in order.
DSLV 31.21 +0.97. Sold at 31.14 for .90 per share gain. Silver down 1% overnight. Day range 30.46 - 31.60.
GOLD 85.98 -0.35. Miner with potential currency play.
Larry Pesavento's trading rules
Never add to losing position.When in doubt, get out.
Plan trading and stick to the plan.
Take out equity for rainy day periods.
Never close trade without a reason.
Stops are placed for protection, so use them.
Only true fact in trading is fear and greed.
Never allow substantial profit to become a loss.
Distribute risk equally over several markets.
Wednesday, March 27, 2013
20120327 PM
Dow 14,526.16 -33.49
Nasdaq 3,256.52 +4.04
SP500 1,562.85 -0.92
30-yrBond 3.09% -0.04
GLD 155.34 +0.62
SLV 27.73 -0.02
PTM 18.02 +0.08
XLE 79.57 +0.29
XLF 18.16 -0.09
VXX 20.33 +0.19
Dollar higher than marked time.
Cyprus may open banks tomorrow. Depositor haircut and currency controls have been known, so not expecting a big when the banks open.
With the depositor confiscation, and no big run on precious metals, it looks like precious metals will have more time of flat to lower prices.
Important idea from Jim Sinclair about velocity of money: "The velocity of money has been the biggest drag in terms of creating any significant recovery. So the velocity of money has now been targeted, and it is to be increased through the use of fear in the mainstream media regarding confiscation of money in financial institutions."
DSLV 30.24 +0.11. Started small position at 30.24.
Nasdaq 3,256.52 +4.04
SP500 1,562.85 -0.92
30-yrBond 3.09% -0.04
GLD 155.34 +0.62
SLV 27.73 -0.02
PTM 18.02 +0.08
XLE 79.57 +0.29
XLF 18.16 -0.09
VXX 20.33 +0.19
Dollar higher than marked time.
Cyprus may open banks tomorrow. Depositor haircut and currency controls have been known, so not expecting a big when the banks open.
With the depositor confiscation, and no big run on precious metals, it looks like precious metals will have more time of flat to lower prices.
Important idea from Jim Sinclair about velocity of money: "The velocity of money has been the biggest drag in terms of creating any significant recovery. So the velocity of money has now been targeted, and it is to be increased through the use of fear in the mainstream media regarding confiscation of money in financial institutions."
DSLV 30.24 +0.11. Started small position at 30.24.
Sunday, March 10, 2013
20130308 Weekend
Dow 14,397.07 +67.58
Nasdaq 3,244.37 +12.28
SP500 1,551.18 +6.92
30-yrBond 3.26% +0.06
Major indices SPY and DOW looking to go higher. DOW pullback to 13500 may be a compelling place to get very long. NASDAQ not as strong.
GLD 152.71 +0.02
SLV 28.00 +0.09
PTM 18.28 +0.08
XLE 78.99 +0.38
XLF 18.24 +0.05
VXX 21.63 -0.30
Was watching interrelationship of gold/silver/platinum and thought to go long silver before Thursday close. Did not make the trade, though silver was modestly higher Friday.
CEF 19.57 +0.09
GOLD 80.94 -1.36. Randgold Resources Limited. Lower with volume is not a good sign for miners.
GDX 37.11 +0.20. Miners.
TSLA 38.47 +0.24
YCS 61.53 +1.43. ProShares UltraShort Yen. Big move and another 52 week high. Dollar is higher and looking to go to 84.
Nasdaq 3,244.37 +12.28
SP500 1,551.18 +6.92
30-yrBond 3.26% +0.06
Major indices SPY and DOW looking to go higher. DOW pullback to 13500 may be a compelling place to get very long. NASDAQ not as strong.
GLD 152.71 +0.02
SLV 28.00 +0.09
PTM 18.28 +0.08
XLE 78.99 +0.38
XLF 18.24 +0.05
VXX 21.63 -0.30
Was watching interrelationship of gold/silver/platinum and thought to go long silver before Thursday close. Did not make the trade, though silver was modestly higher Friday.
CEF 19.57 +0.09
GOLD 80.94 -1.36. Randgold Resources Limited. Lower with volume is not a good sign for miners.
GDX 37.11 +0.20. Miners.
TSLA 38.47 +0.24
YCS 61.53 +1.43. ProShares UltraShort Yen. Big move and another 52 week high. Dollar is higher and looking to go to 84.
Saturday, March 02, 2013
20130301 Weekend
Dow 14,089.66 +35.17
Nasdaq 3,169.74 +9.55
SP500 1,518.20 +3.52
30-yrBond 3.0650% -0.0290
GLD 152.44 -0.56
SLV 27.62 +0.08
PTM 17.92 -0.12
XLE 77.79 +0.10
XLF 17.64 +0.05
VXX 24.33 +0.36
BBRY 13.26 -0.10. Research In Motion Limited. This week went long at 13.3. Fundamentally, looking for upside surprise from new smartphone models.
Nasdaq 3,169.74 +9.55
SP500 1,518.20 +3.52
30-yrBond 3.0650% -0.0290
GLD 152.44 -0.56
SLV 27.62 +0.08
PTM 17.92 -0.12
XLE 77.79 +0.10
XLF 17.64 +0.05
VXX 24.33 +0.36
BBRY 13.26 -0.10. Research In Motion Limited. This week went long at 13.3. Fundamentally, looking for upside surprise from new smartphone models.
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