DJ futures pop up higher tonight.

US unemployment number claims for May is less than expected but total percentage
has surged above 9.4%.

Market look past unemployment numbers and surging ahead again.
Very counter-intuitive.

Oil pops above $70 now..

Oh well., it seems to be green again for this weekend.

This post has been edited by danmooncake: Jun 5 2009, 08:41 PM

Sooner or later, reality will kick in.. unemployment will need to be reduced for true economic
growth. Market cannot go up all the way. I think this market now is a bit overbought.
We will see another pullback soon.

Time to prep up for short list for next week trade.

---

Added on June 5, 2009, 9:19 pmHa! When the whale sells, the ticker could be down 2 ticks already, by the time you got
the info, the ticker could be down 4 ticks.

To beat the market, you have to be front runner, not follow.



This post has been edited by danmooncake: Jun 5 2009, 09:19 PM

The reality of the fact is Malaysia is upbeat about China but China is not really upbeat about Malaysia.
IMO, China trades with Malaysia is minuscule compares to other countries.
China investment in Malaysia is only about US135 million compared to Malaysia investment in China
is about US1.4 billion. Yes, Malaysia needs China more than China needs Malaysia now.

China investments in Malaysia brings few jobs whereas Malaysian companies investment in China brings more
jobs over there. Only those multinationals profit more and they're keeping their money in China at the moment.

Truth of the matter is Malaysia govt over all these years has been ignoring China
and only until lately because of this economic down turn when US/Europe are not buying as much,
Malaysia has no choice but to face the 800 pound gorilla in this neighborhood.

Will this Gorilla notice or is he playing lip service to the new administration in Malaysia?
Like others, Malaysia can join at the end of the line knocking at China door begging for investments and businesses.

This post has been edited by danmooncake: Jun 6 2009, 12:23 AM

Weekend debrief:

Well, seems like DJ did end up a few points higher at Friday closing. But, NASD lost a few points.. but NASD still ends up higher this week due to the run up by Apple (AAPL). Good old AAPL, can't bet against this company - now that Steve Jobs is coming back.

Oil did went up higher intially and cross over $70 mark but back down quickly. Mostly because USD didn't tank this time but remains in positive territory against the EU and GBP. Overall, I believe Oil still kinda high (closed above $68) with plenty of inventory at world market. IMO, this temporary surge in commodity Oil price won't last.. and we'll see a correction shortly.

How's this will translate to commodity stocks for KLSE next week? Dunno yet.. KLSE usually have to wait until Tuesday (which I'm sure some people here hates) to seek further direction.

105% ?

100% all yours
5% borrowed from loan shark?

Be careful, if lose money, you may loose your arm.

If margin, the brokerage is the shark.
They'll still bite the borrower on interest.

Anyway, since March.. we're already on the uptrend and little bulls are already running around.
It is best to plan on going long instead of short term 'goreng'.

This post has been edited by danmooncake: Jun 7 2009, 11:46 PM

Of course.. it will come down..

But I don't think we will revisit lows in March anymore.
Now, we're on Higher High, Higher Low trend.

Every pullback is the opportunity to jump in and go long.

Why? Because those hedge funds were sitting at the sidelines are going and when they go in..
stocks will pull up even higher. Don't miss the boat.

This post has been edited by danmooncake: Jun 7 2009, 11:54 PM

I would like to see DJ moving back 8300~8500, and S&P to 850~870.

So that I can back up lorry and load up more!


Damn..it Oil just won't pull back much despite Inventory level is all time high.

Omores:

You HIT the nail on the head!!. DJ did close slightly higher.. 1.36 points.small number but still GREEN!.

The bulls are not letting this go.. too many buyers at the sidelines wanting to go long (me included ).
The last hour of trading, bulls push up higher than last week close.

Every time that is a pullback, opportunity here to dive in and accumulate more.. man. we are greedy!
I bought some calls today.

AAPL (Apple) - my favorite tech stock tank today.. I was expecting Steve Job to appear and give this ticker a push at the developer world conference but people sold off instead. But, I do like their announcement of the US$99 iPhone.. making it more affordable, thus increasing market share.

Oh well. GL tomorrow trading @ KLSE.

This post has been edited by danmooncake: Jun 9 2009, 05:46 AM

If someone knows exactly how long it will last, he/she already millionaire..

---

Added on June 10, 2009, 6:26 amI don't know about you guys playing at KLSE,.. but
for my counters NYSE: X (US Steel) and NYSE: MT (Arcelor Mittal), they're pretty bullish about China
BUYING more... not dumping based on the recent news.

This post has been edited by danmooncake: Jun 10 2009, 06:27 AM

Yeah man.. sooner or later, they will raise the price at the pumps again..



This post has been edited by danmooncake: Jun 10 2009, 08:29 AM

It sounds crazy but Oil is going to near $90 by September/October. Cannot fight OPEC-lah! They control the keys and tap.
If Oil price too low, they turn off and tighten production, therefore Oil price will go up. They already tighten since January and
price is slowing making into the market.

Opec wants oil to be minimum at $75/barrel, this way, they can make money and start more Oil exploration.
Definitely bullish for Oil!

Smart people should take profit on MEASAT now before it tanks again!

That's right. Put those on the sell block.. Transportation/Airlines are junk now.
Who wants to travel in times like this?

True.. market makers got what they want today..ie. to attract schools of ikan bilis in today.. tomorrow, they will
eat them alive (profit taking).

Watching the moves up at Nymex again this morning, OIL crossed above the $71/barrel now.
This is crazy momentum!!

We are now in this endless bid for this black gold.. Goldman Sach prediction could be right.. by end of this year, we can see it pop to $80/$90. If it goes back above $100 like last year.. it will definitely slow down global economy recovery.

Be prepare for higher prices and inflation again..

This post has been edited by danmooncake: Jun 10 2009, 09:20 PM

Correct, but I think this is a bear trap! Not a bull market.
But, we shall see in a day or two - smart traders will pull back and
ring the cash register for profits.

Ha! That's true. Ten years ago, those uncles/aunties were greedy and they got slaughtered.
Now, the younger generation probably repeating same mistakes.. but they do have better tools now, online trading, the
Internet and this may allow them to swim a bit faster to escape the sharks and big whale from gobbling them up but
still, they still consider as lunch to those bigger fish.

DJ gave back a little today.. -24.04. No more bullish momentum for today.
Oil price went lower than $72 but retains gain above $71. Quite a few
traders felt Oil is overbought for now with little fundamentals support,
should be ripe for shorting.

Will KLSE traders take profits in AM to lock in gains? Sure, why not?





This post has been edited by danmooncake: Jun 11 2009, 04:43 AM

Good evening folks,

Look at all the green shoots at Dow tonight..

Bears are sleeping.. no where to be seen.

Bulls are roaming free!