Hm.. DJ opened green but.. the sentiment is weak. I wonder how long it can hold for green.
US stock discussion v2
US stock discussion v2
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Feb 2 2010, 11:14 PM
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur |
Hm.. DJ opened green but.. the sentiment is weak. I wonder how long it can hold for green.
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Feb 2 2010, 11:22 PM
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Junior Member
53 posts Joined: Dec 2009 From: Nearby |
looks like will end in red. i mean just based on my feeling. XD
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Feb 2 2010, 11:22 PM
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Senior Member
534 posts Joined: Dec 2006 |
QUOTE NEW YORK (MarketWatch) -- U.S. stocks wavered mostly higher on Tuesday, with industrials up the most and utilities weighing, after data showing a 1% rise in pending home sales in December. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (INDU 10,229, +43.30, +0.43%) stood at 10,194.75, up 9.22 points. The S&P 500 Index /quotes/comstock/21z!i1:in\x (SPX 1,094, +5.24, +0.48%) was up 1.5 points at 1,090.69. The Nasdaq Composite /quotes/comstock/10y!i:comp (COMP 2,175, +4.05, +0.19%) fell 2.35 points to 2,168.85. |
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Feb 2 2010, 11:25 PM
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur |
I don't believe in those excuses given by the stock market on-site analysis. When stocks up, they will say "stock up despite poor unemployment data"; when stocks down, they will say "stock down despite impressive earning reports of XXX".
They have any excuses be it up or down. |
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Feb 2 2010, 11:27 PM
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Junior Member
53 posts Joined: Dec 2009 From: Nearby |
QUOTE(debbieyss @ Feb 2 2010, 11:25 PM) I don't believe in those excuses given by the stock market on-site analysis. When stocks up, they will say "stock up despite poor unemployment data"; when stocks down, they will say "stock down despite impressive earning reports of XXX". yea, i agree with u. they always speak the obvious. or just attach it to the current event. ~_~They have any excuses be it up or down. |
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Feb 2 2010, 11:29 PM
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Senior Member
1,120 posts Joined: Jul 2006 |
DJI up again after temporary red just couple minutes ago.
Anyway based on ADP data this Wednesday, expectation is quite good where consensus = -40K compared to previous month of -80K. I think tmrw will be green if can beat estimation or at least less than -80K |
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Feb 2 2010, 11:30 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
QUOTE(zamans98 @ Feb 2 2010, 10:54 PM) Hang on , its not even 11. Wait for the housing data before we can confirm its anohter GREEN DAY. So far, im on track with DOG JONES at 10,200. Now, wait for it to crack 10,255, then all the way up until Friday 11pm. So, hang on. |
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Feb 2 2010, 11:30 PM
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Senior Member
1,120 posts Joined: Jul 2006 |
QUOTE(debbieyss @ Feb 2 2010, 11:25 PM) I don't believe in those excuses given by the stock market on-site analysis. When stocks up, they will say "stock up despite poor unemployment data"; when stocks down, they will say "stock down despite impressive earning reports of XXX". That's how they survive in this market. Follow the trendThey have any excuses be it up or down. Either market down or up, they make up excuses for it. The funny thing was people paying for these comments. muahaha. |
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Feb 2 2010, 11:31 PM
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All Stars
10,123 posts Joined: Aug 2007 |
QUOTE(epalbee3 @ Feb 2 2010, 10:10 PM) ERX too expensive, so only set to buy 13 shares.. Never buy at market order. Always use Limit Order for this kind of thing.I enter market again.. Added on February 2, 2010, 10:31 pmBought at 38.08. too expensive.. Added on February 2, 2010, 10:37 pmwell, It is a trap.. My order got filled at 37.35 at premarket. I'm hoping ERX to get to up 44 or 45 for the next cycle up (if Dow can break above 10500). Oil expected to touch near 80 again by end of this month. Also, my queue for TNA @ 39.30 got filled. Good luck! This post has been edited by danmooncake: Feb 2 2010, 11:53 PM |
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Feb 2 2010, 11:32 PM
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Senior Member
1,345 posts Joined: Sep 2009 |
Yupe.. never use market order..
ERX started to earn.. Added on February 2, 2010, 11:33 pmenjoy ERX ride.. This post has been edited by epalbee3: Feb 2 2010, 11:33 PM |
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Feb 2 2010, 11:34 PM
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur |
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Feb 2 2010, 11:35 PM
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All Stars
10,123 posts Joined: Aug 2007 |
QUOTE(debbieyss @ Feb 2 2010, 11:25 PM) I don't believe in those excuses given by the stock market on-site analysis. When stocks up, they will say "stock up despite poor unemployment data"; when stocks down, they will say "stock down despite impressive earning reports of XXX". Aha! Finally, you got it... yes, the market analyst always have excuses.They have any excuses be it up or down. That's why when you're trading, you need to ignore those noise. Use mostly technical to trade. |
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Feb 2 2010, 11:37 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
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Feb 2 2010, 11:44 PM
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All Stars
10,123 posts Joined: Aug 2007 |
QUOTE(zamans98 @ Feb 2 2010, 11:30 PM) Zamans,Here's a tip. Don't chase if it gets away. ERX at 38 at above a bit risky to buy now. Watch TCK instead if you wish to swing play commodities. Small position play below 35. Go long when above 50MA currently 36.50 Good luck! |
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Feb 2 2010, 11:48 PM
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Senior Member
1,345 posts Joined: Sep 2009 |
what do you think about ERX target price for sale? 44 or 46?
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Feb 2 2010, 11:59 PM
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All Stars
10,123 posts Joined: Aug 2007 |
QUOTE(epalbee3 @ Feb 2 2010, 11:48 PM) I'm planning to exit around that range if the Dow can revisit the highs again at 10700.Small exit at around 40/41, when Dow nears 10500, S&P nears 1115 ERX has confirmed bullish engulf. BUY signal is in. Remember to use stop (whether real or mental) when playing 3x. Good luck! This post has been edited by danmooncake: Feb 3 2010, 12:00 AM |
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Feb 3 2010, 12:02 AM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
QUOTE(danmooncake @ Feb 2 2010, 11:44 PM) Nope, Im not chasing, remember it is 3x, so thing can umm get little messy quickly.my Q LONG ERX 37 remains. Instead, I can go for more quantity for lower liner like S or HL |
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Feb 3 2010, 12:05 AM
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All Stars
10,123 posts Joined: Aug 2007 |
HL looks bullish now.
Update: TNA out: 40.13, got out by trailing stop. Small profit. Will try again later. This post has been edited by danmooncake: Feb 3 2010, 12:15 AM |
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Feb 3 2010, 12:13 AM
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Junior Member
100 posts Joined: Jan 2003 |
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Feb 3 2010, 12:18 AM
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Senior Member
1,345 posts Joined: Sep 2009 |
QUOTE(danmooncake @ Feb 2 2010, 11:59 PM) I'm planning to exit around that range if the Dow can revisit the highs again at 10700. what does it meant by stop limit?Small exit at around 40/41, when Dow nears 10500, S&P nears 1115 ERX has confirmed bullish engulf. BUY signal is in. Remember to use stop (whether real or mental) when playing 3x. Good luck! that means i set the lower price as stop and higher price as limit? |
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