20100625 Weekend

Dow 10,143.81 -8.99
Nasdaq 2,223.48 +6.06
SP500 1,076.76 +3.07
30-yrBond 4.07% -0.17

G20 meets this weekend. Expect talk of austerity measures while they will actually implement further bailouts and propping up of the broken financial pieces.

GLD 122.76 +1.46
SLV 18.67 +0.41
PTM 18.47 -0.06

XLE 52.49 +0.15
XLF 14.64 +0.39

VXX 27.72 -0.63

20100624 1006

DOW 10,213.72 -84.720
NASDAQ 2,230.57 -23.660
SP500 1,081.57 -10.470

On the open indices gapped down and sold lower, quickly using up downside energy. Indices will chop around and attempt to stabilize. Metals are regaining some of the moderate overnight losses.

SSO 35.57 -0.66. Added to long position at 35.55.

20100623 PM

Dow 10,298.44 +4.92
Nasdaq 2,254.23 -7.57
SP500 1,092.04 -3.27
30-yrBond 4.0600% -0.0390

For those with bullish bias, the market held up well in the face of negative news (very weak new house sales, additional gas leakage in Gulf of Mexico).

GLD 120.95 -0.50
SLV 18.18 -0.24
PTM 18.66 -0.28

XLE 53.46 -0.41
XLF 14.51 -0.07

VXX 26.71 +0.22

SSO 36.23 -0.25

20100623 1023

DOW 10,256.49 -37.030
NASDAQ 2,241.83 -19.970
SP500 1,087.81 -7.500

Low new home sales report sparked further selling. A lot of downside energy has been used. Potential bounce is setting up.

Metals lower.

SSO 36.01 -0.47. Bought at 35.96 for a scalp.

20100622 1440

DOW 10,383.84 -58.570
NASDAQ 2,281.83 -7.260
SP500 1,104.74 -8.460

BGZ 14.95 +0.372. Trailing stop closed this position for .46 gain.

20100621 PM

Dow 10,442.41 -8.23
Nasdaq 2,289.09 -20.71
SP500 1,113.20 -4.31. Can easily test 1080s.
10-YrBond 3.24% -0.20

Asia and Europe closed positive. US indices unable to close positive.
Gold made slightly higher high then sold off. Can break $100 lower. Looks OK to short gold on a bounce until the FOMC meets on Wednesday.

Euro was volatile and closed lower. Dollar higher.
Eclipse next Monday.
Over the weekend, some press reported that China will allow it's currency to be revalued. China's currency had the same set price today. This "news" appears to be over-stated or the Chinese were misinterpreted.

Fed's FOMC meets Wednesday and is widely expected to keep low interest rates for the foreseeable future.

GLD 120.39 -2.44
SLV 18.33 -0.42
PTM 18.88 -0.06

XLE 55.49 -0.12
XLF 14.81 -0.02

VXX 25.48 +0.41

BGZ 14.58 +0.16

20100621 1556

DOW 10,428.50 -22.14
NASDAQ 2,286.08 -23.720
SP500 1,111.90 -5.610

Pullback in indices and metals is likely done for today. No compelling reason to close short (BGZ) now. Would not be trying to buy this dip, as risk is to the down side.

BGZ 14.64 +0.22. Will hold overnight.