Friday, May 14, 2010

5/14 pre-open

It's really simple.  A break of 10,680 after 9:45 is a sell signal.  I'm hoping to be able to wait until this afternoon on a snap-back.
Bonds are working out well, going up as stock go down.  As we are right near the 10,680 level I am selling 5% bonds at 94.10.  Hoping to buy back as stocks rebounds from 10,700.
Right now silver is rising as a monetary metal.  When the market breaks support and bonds rally it will trade as an industrial metal.  I am at 2.5% ZSL short silver.  High is 19.85.  Stop over the high.

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