I agree.. something is very strange going on.. VIX low, energy up, Dollar is up (usually this is down - Euro is down big) but materials stocks like steel and coal stocks got whacked... TCK got punished because of some other bad performing coal stocks. I decided to get more at 39.70. This is a gift.

Closing update
Dow 11167.32 +122.05 +1.10%
Nasdaq 2511.92 +40.19 +1.63%
S&P 500 1206.77 +15.41 +1.29%

Wow! The market rallies pretty strong tonight. But, not for materials like coal, steel, mining and Oil. TCK got hammered, X got hammered and poor BP - got smashed down because of the oil rig accident. Same goes for STEC - man, storage sector not moving today.

Financial seems to be leading the way - BAC and C - nice up! Hopefully, just two more legs up, perhaps C will see $5 again. Same goes for gambling stocks like MGM and LVS! Congrats to those holding these two.

This post has been edited by danmooncake: Apr 30 2010, 04:34 AM

Not sure if I wanted to buy anything now. We're close the top again. Just let the long ride up.

GS down 5% on the report of criminal probe.

http://finance.yahoo.com/news/Feds-open-cr...2&asset=&ccode=

Anyway, 1st. Qtr GDP came in good.. market will probably take another leg up later.


This post has been edited by danmooncake: Apr 30 2010, 09:38 PM

Damn.. tonight isn't a good for me. Stop taken out for TCK @ 39.70

The only thing went well so far is I managed to nip some ERX @ 43.50 during the dip at open.
But, this market feels pretty toppy now. I'll bail if this drops below 45.
Then, better stay at the sidelines and wait.

epal - Why are you trapped at ERX? Did you get in higher than 45?

I believe profit taking after up so many days.

I got kicked out from ERX at 45. Small profit for the weekend.

I may try to re enter TCK later.

Also looking at STEC.. got kicked out yesterday, it gaps down $1.35 and look like $14 is support.
I may want to give this a try, put a stop 25c below that line.

Closing update

Dow 11008.61 -158.71 -1.42%
Nasdaq 2461.19 -50.73 -2.02%
S&P 500 1186.68 -20.10 -1.67%

Wahhh.. this week, masuk 'longkang'!

Looks reminiscent of the time in Jan when Dow and $SPX reached the highs early part of the week and took the next two weeks tumbling down.

We will confirm this Monday and if we can't close above 11K, look out below. I would expect a 2% to 2.5% more pullback from here. Good luck to all!

Good morning - for the Dow that's about 250 points. That would be the maximum power of the bears.

But, we may never get it because this market is still very bullish. Uncle Ben, PPT and including
the Bilderberg group are supporting it.

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Added on May 1, 2010, 8:38 amThey are the ones in control.

This post has been edited by danmooncake: May 1 2010, 08:38 AM

G'evening all,

It's Money Monday again. Hopefully, this week will be a good one.

MB Trading is ok for me.. I'm using the company's VPN line direct to US.
Market is very bullish on retail and finance. Looks like semi sector like STEC also recovered.

Mining and materials are still in the dumpster. Poor TCK and X.. but it is a gift at this price.

Expensive? Well, there are US stocks cost less than 1 USD also available. But, I usually stay away from those penny stocks.

The thing about stocks listed at NYSE/Nasdaq, you can buy ONE share of any stock. No minimum.

Remember, when trading in US. Don't think in RINGGIT. Just throw away the Ringgit mentality.
One unit of currency = One Dollar. That's it.

Q for 37.5 but didn't hit. Materials and Mining sector getting hammered this past week. Hoping to see a bit of a bull flag before buying more. We may see one or two more dollars to the downside.

Anyway, anyone watching BP (Oil company)? It is in a dumpster now. With the Oil spilled over at Gulf, this company
is taking it in the stomach and millions (if not billions) have to be spent to clean up this mess.
This stock may see 52 weeks low (around $42) shortly. It could be an opportunity for bounce play here.

This post has been edited by danmooncake: May 4 2010, 09:47 AM

Market internals are very weak today..stocks may lose all gains from yesterday and we'll continue
downward slide from last week. VIX climbed back up to 20s.

Everything will be on sale soon.

Remember Jan to Feb? I think it will be something like that.
Perhaps only 5%-6% drop from the top - a re-tracement back to Jan high - Dow 10700, SPX 1150.
We need Dow to close below 11K and SPX to close below 1185 to confirm a start of this correction.

The market in Hong Kong and China already started this "corrective" move since last week.

Nope.. I'm fully vested now. Keeping C for much longer play and if this thing drops below $4, I load up big time.

Now, I've bought some:

TCK 36.50
ERX 40.50
CSCO 26.60
X 52
Anyway, I'll get more if we drop another 2%.


Very tempted to get some TNA.. but like to see if better if below 60. This thing can make $10 move easy.

Missy - watch X and BP! Wonderful price!

Wow.. Euro is getting cheaper (1USD = €0.76).
Love to get some Euro now...

Thinking of shorting EUO (ETF).

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Added on May 5, 2010, 2:41 amNot sure what you mean by buy qty n sell qty very little such as 0.5 or 0.6 something...if possible post your screenshot here.?
Where did you see 0.5 or 0.6 quantity? I've not see fractional number of shares like this.

If you wish to buy 1000 shares, just enter 1000.

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Added on May 5, 2010, 3:45 am
Update: 3:45am
Got some MTW @ 14, SSO @ 41.80

Closing update 4:19am
Dow 10926.77 -225.06 -2.02%
Nasdaq 2424.25 -74.49 -2.98%
S&P 500 1173.60 -28.66 -2.38%

Dow below 11k again, what a great opportunity to load up..




This post has been edited by danmooncake: May 5 2010, 04:21 AM

Good for you.. believe or not, I'm still holding on my FXP, hedging against XPP (big red now).
I'll have to average down on XPP, waiting for signal that HKSE/China may bottom. It hasn't yet.
Got some TCK to average down as well. Goodness, it has been beaten lately but I glad it finally came to 50MA. Managed to nip some ERX to play along. The Dow/SPX finally making a correction. I think we're not done yet. We may bounce up tonight but need to see if Friday numbers are good or not.

This post has been edited by danmooncake: May 5 2010, 10:49 AM

Nice.. just another leg down today.

Dollar spikes, VIX up, Oil down.., more downgrades on European countries coming
Bears roaming again.

My game plan tonight: safe to short till SPX 1150.