Tuesday, March 31, 2009

20090331 PM

DOW 7608.92 +86.90
NASDAQ 1528.59 +26.79
SP500 797.87 +10.34
Indices gave back nearly 1/2 of earlier days when press releases indicated GM bond holders may push GM into a prepackaged bankruptcy.
GLD 90.28 +0.30
SLV 12.79 -0.06. Day range 12.41 - 13.03.
PTM 13.79 +0.062

APL 3.92 +0.45
EEE 1.392 +0.172. Expect 1.5 area retest to again present resistance.
FAS 5.50 +0.65
URE 2.45 +0.25. May need more time to consolidate.
VMW 23.62 +0.10
XLE 42.46 -0.364. Day range 42.44 - 43.57.

XLF 8.81 +0.46
CCL 21.60 +0.68. Carvinal cruise line. Dependent upon consumer discretionary spending.
GM 1.94 -0.76 (-28.15%). Prepackaged bankruptcy is approaching.
TRE 4.42 +0.

Thursday, March 26, 2009

20090326 PM

DOW 7924.56 +174.75. Heading for 8600.
NASDAQ 1587.00 +58.05.
SP500 832.86 +18.98. Closed above the February gap down. Heading for 900.
GLD 91.93 -0.05
SLV 13.35 +0.
PTM 14.05 +0.21

EEE 1.16 -0.15 (-11.45%). Sold off at end of day on large volume.
TNA 20.58 +2.03. Sold at 19.1 in the morning.
FAS 6.861 +0.28. Bought at 6.78 today. Looking for 8 and then it can quickly go much higher.
URE 2.69 +0.14. Consolidating. A close above 3.16 (February 17 gap down) and this can go to 5.
XLE 45.83 +0.39.

XLF 9.43 +0.11.
DRYS 5.11 +0.36 (+7.58%).

20090326 1325

DOW 7,920.02 +170.21
NASDAQ 1,578.11 +49.16
SP500 831.76 +17.88. Pushing above February 17 gap down high price.
In general, shorts continue to get smoked.
Financials have lagged today though they are starting to participate in the upside.

TNA 20.32 +1.77

Financials:
FAS 6.79 +0.209. Started long swing trade at 6.78.
XLF 9.41 +0.09. Looking for weekly close above 9.7 to then test of 10.5.

20090326 0951

DOW 7,814.49 +64.68
NASDAQ 1,552.95 +24.00
SP500 821.30 +7.42

TNA 19.094 +0.544. Sold at 19.1 for 2.55 gain from going long yesterday.

Wednesday, March 25, 2009

20090325 PM

DOW 7749.81 +89.84
NASDAQ 1528.95 +12.43
SP500 813.88 +7.76
Indices sold off at lunchtime then recovered to close higher with volume. Big price range on some of the equities.
Bank of England debt auction was under-subscribed.
GLD 91.98 +1.03
SLV 13.35 +0.10
PTM 13.84 +0.09

ANO 0.53 +0.03.
EEE 1.31 -0.12 (-8.39%). Day range 1.15 - 1.63.
TNA 18.55 +1.35. Started long at 16.55.
URE 2.55 +0.05. Sold a few covered calls today, though was unable to cover call all of the long position. Rejected lower price and going higher.
VMW 24.16 -0.48. Day range 23.16 - 25.08.
XLE 45.44 -0.22.

FAZ 19.46 -1.69. Scalped intraday.
TRE 5.00 +0.35.

20090325 1516

DOW 7,606.37 -53.60
NASDAQ 1,498.11 -18.41
SP500 797.35 -8.77

TNA 16.70 -.50. Bought at 16.55 for swing trade.

EEE 1.21 -.22. Had a .20 drop on high volume.

20090325 1455

DOW 7,598.80 -61.17
NASDAQ 1,495.79 -20.73
SP500 796.22 -9.90. If 790 doesn't hold, a drop to 770 will be quick.

FAZ 22.65 +1.50. Sold intraday scalp long at 22.7 for .62 gain. Triple short financials.
XLF 8.838 -0.182. Financial ETF had hit congestion at 8.75 from Monday morning and does not appear to be going into the gap from Monday morning.

TNA 16.22 -0.98. Is at the potential buy price of 16.3 that was mentioned last night.