Dow 10,808.71 +153.41
Nasdaq 2,404.82 +68.99
SP500 1,123.95 +24.72
30-yrBond 2.76% -0.00
Dramatic turnaround in stock indices set up a nice bounce. Indices opened lower, marked time, and ramped higher into close.
GLD 157.64 -3.31
SLV 29.09 -0.40
PTM 16.89 -0.58
XLE 58.37 +1.85
XLF 11.73 +0.45
VXX 52.84 -3.99 (7.03%)
CNSL 17.60 +0.60. 8.6% dividend.
Consider to short next bounce:
ANF 60.25 +0.60
GE 14.86 +0.17
Buy these if gold drops again:
JAG 4.59 -0.04. Jaguar Mining Inc. Ramped higher last 1/2 hour of trading. 52 week range 4.11 - 7.90.
VGZ 3.20 +0.04. Vista Gold Corp. 52 week range 2.25 - 4.59.
Tuesday, October 04, 2011
Sunday, October 02, 2011
20110930 Weekend
Dow 10,913.38 -240.60
Nasdaq 2,415.40 -65.36
SP500 1,131.42 -28.98
10-YrBond 1.92% -0.03
Precious metals were mixed and miners continued to fall. Large drop in COMEX gold and silver short positions.
Copper continued to sell off. Consider buying at 2.9.
GLD 158.06 +0.36
SLV 28.91 -1.05
PTM 17.64 -0.19
XLE 58.51 -1.77
XLF 11.81 -0.43
VXX 53.37 +3.51
EK 0.7801 -0.91 (-53.84%). Bankruptcy speculation. At this price, this is a lottery ticket.
PCLN 449.46 -28.56 (-5.97%)
GDX 55.19 +0.16 (+0.29%)
DUST 39.72 -0.40 (-1.00%)
FCX 30.45 -0.89 (-2.84%). Intraday 52 week low.
SVM 7.91 +0.12 (+1.54%). News is they are opening their operations and books to inspection to dispute claims of fraud.
TRX 3.59 -0.11 (-2.97%)
Nasdaq 2,415.40 -65.36
SP500 1,131.42 -28.98
10-YrBond 1.92% -0.03
Precious metals were mixed and miners continued to fall. Large drop in COMEX gold and silver short positions.
Copper continued to sell off. Consider buying at 2.9.
GLD 158.06 +0.36
SLV 28.91 -1.05
PTM 17.64 -0.19
XLE 58.51 -1.77
XLF 11.81 -0.43
VXX 53.37 +3.51
EK 0.7801 -0.91 (-53.84%). Bankruptcy speculation. At this price, this is a lottery ticket.
PCLN 449.46 -28.56 (-5.97%)
GDX 55.19 +0.16 (+0.29%)
DUST 39.72 -0.40 (-1.00%)
FCX 30.45 -0.89 (-2.84%). Intraday 52 week low.
SVM 7.91 +0.12 (+1.54%). News is they are opening their operations and books to inspection to dispute claims of fraud.
TRX 3.59 -0.11 (-2.97%)
Thursday, September 29, 2011
20110929 1123
DJIA 11,149.52 +138.62
NASDAQ 2,481.95 -9.63
SP500 1,158.24 +7.18
Pre-market prices were higher. Prices are fading along with Europe. Cleaned up some positions to raise cash.
AUY 13.47 +0.01. Sold at 13.45 for 3.97 per share loss.
DISH 26.75 -0.41. Sold at 26.84 for .45 per share loss.
SSO 39.80 +0.51. Sold at 39.82 for .63 per share gain.
NASDAQ 2,481.95 -9.63
SP500 1,158.24 +7.18
Pre-market prices were higher. Prices are fading along with Europe. Cleaned up some positions to raise cash.
AUY 13.47 +0.01. Sold at 13.45 for 3.97 per share loss.
DISH 26.75 -0.41. Sold at 26.84 for .45 per share loss.
SSO 39.80 +0.51. Sold at 39.82 for .63 per share gain.
Tuesday, September 27, 2011
20110927 PM
Dow 11,190.69 +146.83
Nasdaq 2,546.83 +30.14
SP500 1,175.38 +12.43
30-yrBond 3.1160% +0.1140
GLD 160.63 +3.05
SLV 31.17 +1.40
PTM 18.13 +0.03
XLE 61.73 +0.89
XLF 12.26 +0.06
VXX 47.64 -0.96
TRX 3.54 -0.57 (13.87%). Tanzanian Royalty Exploration Corp. Volume came in at the end of the day at the lows. Price is back to January 2010.
Nasdaq 2,546.83 +30.14
SP500 1,175.38 +12.43
30-yrBond 3.1160% +0.1140
GLD 160.63 +3.05
SLV 31.17 +1.40
PTM 18.13 +0.03
XLE 61.73 +0.89
XLF 12.26 +0.06
VXX 47.64 -0.96
TRX 3.54 -0.57 (13.87%). Tanzanian Royalty Exploration Corp. Volume came in at the end of the day at the lows. Price is back to January 2010.
Monday, September 26, 2011
20110926 PM, possible buys: FCX NUE SCCO
Dow 11,043.86 +272.38
Nasdaq 2,516.69 +33.46
SP500 1,162.95 +26.52. Looks to test 1170 tomorrow then 1201 and 1230.
30-yrBond 3.00% +0.13
Stock indices are bouncing and may strongly run higher into end-of-quarter window dressing.
Dollar slightly lower, though not backing off.
Gold tested 1550 and silver tested 26. Gold and silver made scary lower price tests, taking out stops, then recovered. Wait for a retest of today's lows to consider buying.
GLD 157.58 -2.22. Supposedly sold 5.4 metric tons of gold today, though they didn't sell last Friday. This is a huge sell and could mark a bottom (in the next couple days if they have more to sell).
SSO 40.10 +1.91
Copper producers:
FCX 33.77 +1.40. Freeport McMoran. 3.1% dividend. Buy around 28.
SCCO 26.57 +0.37. Southern Copper Corp. 9.7% dividend. Buy at 19.16.
Other miners:
AUY 14.16 +0.44. 1.2% dividend.
GBG 1.88 +0.11
NEM 64.39 +1.53. 1.8% dividend.
SVM 7.27 +0.54. 1.1% dividend.
NUE 32.79 +1.22. Nucor Corporation. 4.6% dividend. Nearing a buy.
CNSL 18.46 +0.55. 8.8% dividend.
Nasdaq 2,516.69 +33.46
SP500 1,162.95 +26.52. Looks to test 1170 tomorrow then 1201 and 1230.
30-yrBond 3.00% +0.13
Stock indices are bouncing and may strongly run higher into end-of-quarter window dressing.
Dollar slightly lower, though not backing off.
Gold tested 1550 and silver tested 26. Gold and silver made scary lower price tests, taking out stops, then recovered. Wait for a retest of today's lows to consider buying.
GLD 157.58 -2.22. Supposedly sold 5.4 metric tons of gold today, though they didn't sell last Friday. This is a huge sell and could mark a bottom (in the next couple days if they have more to sell).
SSO 40.10 +1.91
Copper producers:
FCX 33.77 +1.40. Freeport McMoran. 3.1% dividend. Buy around 28.
SCCO 26.57 +0.37. Southern Copper Corp. 9.7% dividend. Buy at 19.16.
Other miners:
AUY 14.16 +0.44. 1.2% dividend.
GBG 1.88 +0.11
NEM 64.39 +1.53. 1.8% dividend.
SVM 7.27 +0.54. 1.1% dividend.
NUE 32.79 +1.22. Nucor Corporation. 4.6% dividend. Nearing a buy.
CNSL 18.46 +0.55. 8.8% dividend.
20110926 1150
DJIA 10,940.56 +169.08
NASDAQ 2,492.47 +9.24
SP500 1,149.09 +12.66
Last week stock indices were hit hard and commodities were hit harder. Dollar was higher and European uncertainty continued. A bounce, of unknown duration, may be starting.
SSO 39.20 +1.01. Started 1/2 position at 39.19.
DISH 27.60 +0.84. Possible purchase today.
NASDAQ 2,492.47 +9.24
SP500 1,149.09 +12.66
Last week stock indices were hit hard and commodities were hit harder. Dollar was higher and European uncertainty continued. A bounce, of unknown duration, may be starting.
SSO 39.20 +1.01. Started 1/2 position at 39.19.
DISH 27.60 +0.84. Possible purchase today.
Thursday, September 22, 2011
20110922 PM
Dow 10,733.83 -391.01 (3.51%)
Nasdaq 2,455.67 -82.52 (3.25%)
SP500 1,129.56 -37.20 (3.19%). Volume is lightening up. Expecting bounce, maybe Friday after lunch, though it make take until Monday. On weekly chart, this stays above 1100 or it is heading to 1000.
10-YrBond 1.72% -0.16
Yesterday FOMC announced they will buy long bonds.
Precious metals lower. Industrial metals continue lower, with copper having totally broken down. "Dr." Copper had recently signaled lower commodity prices. Oil lower.
Look for stock indices to stay in a volatile trading range.
GLD 169.05 -4.54 (2.62%)
SLV 34.92 -3.64 (9.44%)
PTM 19.73 -0.78 (3.81%)
XLE 59.34 -3.55 (5.64%)
XLF 11.56 -0.34 (2.86%)
VXX 49.84 +4.63 (10.24%)
Miners:
AUY 14.74 -1.66 (10.12%)
GBG 1.89 -0.23 (10.85%)
NEM 65.24 -2.44 (3.61%)
SVM 6.82 -0.31 (4.35%)
Nasdaq 2,455.67 -82.52 (3.25%)
SP500 1,129.56 -37.20 (3.19%). Volume is lightening up. Expecting bounce, maybe Friday after lunch, though it make take until Monday. On weekly chart, this stays above 1100 or it is heading to 1000.
10-YrBond 1.72% -0.16
Yesterday FOMC announced they will buy long bonds.
Precious metals lower. Industrial metals continue lower, with copper having totally broken down. "Dr." Copper had recently signaled lower commodity prices. Oil lower.
Look for stock indices to stay in a volatile trading range.
GLD 169.05 -4.54 (2.62%)
SLV 34.92 -3.64 (9.44%)
PTM 19.73 -0.78 (3.81%)
XLE 59.34 -3.55 (5.64%)
XLF 11.56 -0.34 (2.86%)
VXX 49.84 +4.63 (10.24%)
Miners:
AUY 14.74 -1.66 (10.12%)
GBG 1.89 -0.23 (10.85%)
NEM 65.24 -2.44 (3.61%)
SVM 6.82 -0.31 (4.35%)
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