wow.

Dollar got beaten again, GOLD historic high, approaching $1200. What's next? 2000$?

Close INTC, bought x 300 @19, closed x 300 @ 19.45 +130$
Close URE x 300 @6, closed x300 @6.25 +65$

Bought both when market dipped.

Long LVS x200 @16.55. Missed 15.80-16.00 yesterday but looking good for another entry today as 3 mega news to be un-leashed.

Will go for TNA today (35-36$), pre-market reddish.

Watchout for 3 mega-news today. I'm expecting mixed results and market will back down a bit.

- Core Durable Goods Orders m/m @ 930
- Unemployment Claims @930
- New Home Sales @ 11

Tonight is very critical. Got so many news coming out tonite
Nov 24 08:30 GDP - Second Estimate Q3 2.8% 2.8% 3.5%
Nov 24 08:30 GDP Deflator - Second Estimate Q3 0.8% 0.8% 0.8%
Nov 24 09:00 Case Shiller 20 City Index Sep -9.25% -9.10% -11.32%
Nov 24 09:00 Consumer Confidence Nov 46.3 47.5 47.7
Nov 24 10:00 FHFA Home Price Index Sep -0.2% 0.1% -0.3%
Nov 24 14:00 FOMC Minutes

Total of 6 news

I been monitoring USD/YEN for quite some time. It's been staying around 88 range and wont beat down below that.
Maybe it will come back and get its revenge. Then beware of GOLD, crude oil, other commodities trade. Time to short it

Be careful trying to short Gold..Silver or Commodities. The shorts got their ass handed to them last time.

This post has been edited by danmooncake: Yesterday, 01:15 PM

True but cannot put long as well, coz now commodities are running on steroids. I will not enter LONG position even the dollar is fcuking cheap now.

For stocks, Let one or two analyst write bad about some counters, the market will dive for the day. Time to re-enter.

US Dollar seem strengthen, is it mean that DOW going to be in red tonight?

everyone need their arse to be handed to them, once in awhile as a reality check market is the best sifu

only hav vague idea abt forex, but with cheap dollar, us dollar seems downtrend, with a few bumps up, along the way
to reverse trend, need increase int rate



look at futures, buy the dip ride again
with the current scenario, better enjoy the ride of buy the dip & sell the rally situation, while it last...

i day trade virgin, how often do they release f-ing mega news & seems tomolo, i can buy some maxis via buffet method

http://www.bloomberg.com/apps/news?pid=206...rshTK0OFI&pos=2

insider crab news if u feel bored

http://www.bloomberg.com/apps/news?pid=206...ckYhnYYU&pos=15

to ensure less hot money, need to increase int rate, then it'll be longkang party time, but when?

http://www.bloomberg.com/apps/news?pid=206...J2Kl8coOA&pos=1

aiyoooh. reddish across the board. Chinese new year comes early today?

Will re-enter INTC, LVS after d news

Bears are raiding..

Watch that dip.

shorted INTC x 300 @ 19.45 +18c and counting.

dumped everything.. cut loss..

the bear is already avoidable..

Wait.. don't panic.
Just a minor haircut. It is opportunity for longs.

I'm watching for opps to load up TCK and start a position on DSX.



This post has been edited by danmooncake: Yesterday, 11:22 PM

True, listen : FED unofficial news says no interest rate hike until Q1, 2010.

Err bro, what's so good about DSX?

I'm looking for a transport/shipping to add to my long portfolio. Either this (DSX) or NAT.

Shipping company - beaten down stock during down turn but potential for growth in 2010 as shipping resumes during recovery. China ordering more raw materials and export continues. Baltic Dry Index moving up.

DSX charts looks good and broke out recently from the price channel being stuck under $15.
Low $16 (or above $15) is good place to start a small position. GL!

This post has been edited by danmooncake: Yesterday, 11:48 PM

erm..in this case, that will push market higher. Hope that Fed will give hint to raise IR when minutes meeting coming out at 2am later
then UJ rebound and Gold down kao kao..muahaha...
Anyway, will set tight stop loss on my Gold put options.

y la panic? concept buy the dip, means today buy, then wait to sell in nex few days (if got rally la...)
but if takut the mega news, then can wait till after its over, but tis mega news seems quite often

my swing trade positions still steady, not reach cut loss level yet
gold position also steady, not drop yet for me to reenter
with regards to the sectors being discuss, here is my 1 sen thought

if wan to hang around gambling stocks, then wms got better chance swing trade to 44.54 & cut loss 38.54
lvs gotta wait quite a long time, say 6 months mgm i give 9 months (i zero position in all 3)

for shipping stocks, the group shipping truly sux, unless u all r really long term holders, my guess is 6 months, i also zero position here
ish is a classic case study, slow & steady up
sblk can target $4.50 exit
gnk can buy if $30.04 & exit $39.94

regarding rbs, looks like a swing trade, dunno hav to wait how long though?
its group sector banks is quite good, i also zero position here
bap, bbd went into pullback, can it go higher from here? i no idea?
bch, hdb, almost new high, can i short?
ire, bma is swing trade

Bought some small batches:
100 TCK 34.25
200 DSX 16.07

Closing update 5:12am:
Dow 10433.71 -17.24 -0.16%
Nasdaq 2169.65 -0.59 -0.05%
S&P 500 1105.65 -0.59 -0.05%

IMO, today pull back is pretty weak.

This post has been edited by danmooncake: Today, 05:13 AM

will re-enter at a better position.

---

Added on November 25, 2009, 7:59 amNow my sogotrade free trades are over..

Trade at cost now.

By the way, the bear has been there for a week, bull cannot fight also.

MGM and LVS are testing lower and lower.

I have to say that still have 1-2 USD to drop.

This post has been edited by epalbee3: Today, 07:59 AM

if you know that MGM/LVS going down, why not SHORT sell it?

spent baby spent

http://www.foxnews.com/politics/2009/11/24...ear-presidents/

http://www.bloomberg.com/apps/news?pid=206...p2ZyUE8L4&pos=1

remember our kawan2 - greed & fear
1st, have at least minimum 10 stock in watchlist, diff sector better, so wun kena trap at tidur position
2nd, check to see u got balls
next, when market down, all feel fear, close ur mata & jus buy the dip (can cover position too)
nex day or few days time, market up, all feel greed, sell the rally (can do short too)
repeat process, since fed ask us to join in the almost zero int rate party

with the democrats in power & pushing in all those mega budgets & here tax, there tax, everywhere tax tax
we mus ride this, while it last u feel bored, crab news below

Poll Data (Current poll data are brutal for the Democrats and Obama)

Current poll data are brutal for the Democrats. In the Rasmussen survey, President Obama's approval index, the difference between those who strongly approve and strongly disapprove of his performance, has hit a record low of -15. Overall, voters disapprove of Obama by 54-45%. That's no doubt in part because voters have also turned decisively against the Democrats' health care proposals, opposing them, currently, by 56-38%.

Meanwhile, voters now favor Republicans over Democrats by seven points on the generic ballot, 44-37%.

Byron York examines the numbers behind Obama's slumping Gallup rating and finds that Obama is now at 39% with whites and below 50% among all those who go to church. Pluralities of all of those who are over 29 years old or earn more than $2,000 a month disapprove of Obama's performance. Looking at it positively, you could say that the President is still hanging tough with the pivotal young, poor, atheist voting bloc. Michael Barone, meanwhile, asks whether Democrats are beginning to desert their sinking ship.

Is that premature? Sure. But there is no doubt that if the 2010 election were held tomorrow, the Democrats would be slaughtered. What do they plan to do between now and November 2010 to turn that around? Jam an unpopular health care bill down the voters' throats, enact a job-destroying tax on carbon that most people now believe is founded on a myth, and raise taxes. [UPDATE: I should have added, they're also freeing Khalid Sheikh Mohammed and four confederates into the federal court system--that'll generate some helpful headlines over the next year--and now they're also talking about bringing back "comprehensive immigration reform," which prior to the Obama administration was the most unpopular thing Congress had done in a long time. It's a perfect storm of legislative malpractice.] Beyond that, they are crossing their fingers and hoping that the extraordinary vigor of the American economy will survive all of the damage they have inflicted on it, and will rally by November.

That could happen, of course. But it seems like a rather poor bet.