Wednesday, May 4, 2011

First Day of Month was down, then 1 1/4% loss in IWM and 3/4% loss in QQQ Tue

YTD Winners have been getting killed the past two days.

AGQ the Silver double long ETF dropped over 20% or 62 points on Mon, and fell another 37.50 or 12.6% to close at 259.

Chinese Internets dropped today, BIDU down 7.67 to 139.80, SINA down 13.50 to 121.50.

Only positives were rare earth metals play in China, MCP up 5.98 to 77.50 , earnings report on May 10.

Afterhours, GMCR rose 9.83 to 76.02 on positive earnings numbers.