Erroralot: C run up already started since it broke above 3.5 two days ago. C now has the potential it reach $4.1 as the next ceiling for resistance. If you want to buy, better use tight stop.

ozak: Look at the chart, small bull market is almost over.. we've recovered from the 9% dip in Feb, and now.. it is almost Jan high again. Almost bear time again.

Looks like another flat day to me. Bulls are tired.. but continue to push little by little. I think the market wants to see Jan high again before another pull back (most likely to 50MA).

Watch Financials..they're are taking off.. C and the rest are taking XLF to higher. FAS blew the top and over 86.

Disclosure: I'm long C (accumulating slowly and selling some at the top of the BB channel). 1500 shrs @ 3.55 avg.
I'm going to sell some off if we get above $4 or near 4.1

Closing update:
Dow 10567.33 +2.95 +0.03%
Nasdaq 2358.95 +18.27 +0.78%
S&P 500 1145.61 +5.17 +0.45%

The bulls tried to rally but got stomped down again. The only ones able to edge up are mostly tech stocks: AAPL, GOOG, INTC, QCOM - thus Nasdaq got a nice bump! 

ERX - holding period. Not adding any or shorting at this time. Yes, I would get some at 200MA (not 50MA).
TIVO - no play here.

New on my short list:
SCOK - shorted @ 38 yesterday
This thing is too overcooked (aka "goreng") on the upside. Now, down she goes! 
I'll cover it probably tomorrow when it most likely hit $30.

The price movement of STEC is unusual, as there are half of those people who shorts..

I am at the long side, have won all the ways from 10.50.

Now pull back and holding STEC at average price of $13.70.

I cannot do day trades anymore.. if not, can scalp and won't small money everyday..

Luckily released HEAT earlier..

Target price for STEC: $16(50%) and $20(50%).

STEC Inc.                                          $ 13.18
STEC                                            0.43
Short Interest (Shares Short)                12,631,200
Days To Cover (Short Interest Ratio)    1.4
Short Percent of Float                          39.88 %
Short Interest - Prior                            13,876,600
Short % Increase / Decrease                -8.97 %
Short Squeeze Ranking™                      81

If you observe days to cover, it is about 1.4.

With 40% of people going to cover their shorts soon, and short % decreased, investor has "bull" about this stock.

"momo" gave a big short 12.30am last night, push down price from 13.60 to 13.20..

tonight they will have to cover..

--------------------------

About AIG, look out.. There might be sell on news tonight..

--------------------------

What to buy tonight?

Covered my SCOK shorts at 32.15.  15% profit. 

IMO, The bears are actually also weak.  I was hoping for more pull back,
but we hardly touch 10500 and now we recovered 70+ points.

I believe the market wants to see its January high target no matter.

As for C - wow! 
What can I say, this thing just keep going ain't it?
Now that it has reach 4.15, I am in agreement with wildthings73, it may want to see 4.30 later.
The charts are showing all bullishness, strength, volume but RSI already reached 81.

But, I've pulled the "trim the top" trigger now at 4.15 'coz I don't want to be greedy.
I'm reducing my shares back to core position and let the rest ride. I've up my stop to 3.8.

Some of you have asked me what does "trim the top" means?

Well, simple: whenever a long equity that I've accumulated has raised in value over more than a certain amount
of value or certain percentage, I will reduce that amount back to the core position.

In this case, C has increased almost 17% from my avg price of 3.55, now approx $2600 in excess
of my principle investment,  so I just trimmed off that portion and keep the rest as my core. If C drops in value or below my avg buy in price by a certain percentage, I will buy again to accumulate and wait for it  rise again to my core position.

There is no fix rule on the percentage or when to buy again to average down (during bear cycle).  I normally watch the price channel and spread from my last average. For C, last time, a spread between 25cents and 50cents would be good enough and over 50cents or 15% or higher -> time to take profits or "trim the top"..

Hopefully this make sense.  
Everyone may have different trading ideas but feel free to share your ideas or comments. 

Closing update:
Dow 10611.84 +44.51 +0.42%
Nasdaq 2368.46 +9.51 +0.40%
S&P 500 1150.24 +4.63 +0.40%

The S&P has reached its target of reaching Jan high. Dow is still lagging behind but not too far away.

C got jacked up to high 4.18 now.. nice close! 
Up'ed my stop to 4.0 now.

The DST will end today. Tomorrow the market opens at 9.30 pm. 

We're getting closer.. the technicals want to see it at least touch the all time high again before the flood gate opens. 

Closing update:
Dow 10642.38 +17.69 +0.17%
Nasdaq 2362.21 -5.45 -0.23%
S&P 500 1150.51 +0.52 +0.05

If C reach 4.22 again, I'll sell into the strength. 
I've picked up more yesterday at 3.85 dip after being stop out at $4 last Friday at close.

I'm seeing C price channel between: 3.75 and 4.25 (50 cents spread).

Anyone else seeing it?

---

Added on March 17, 2010, 1:45 am

honglun: I'll do a quick comment on S.
S has pivoted at 3.86. Yes, it looks like 20ema is moving up to 50ema and only if they cross, I would buy into it. At that time your price may or may not be 3.59 - could be much lower.  I like the price at 50MA 3.53 or lower which I think S is going to test this support price. Better put a stop at 3.50.

Good luck!

Closing update: 5:30am
Dow 10685.98 +43.83 +0.41%
Nasdaq 2378.01 +15.80 +0.67%
S&P 500 1159.46 +8.95 +0.78%

Just look at :
MGM, LVS and URE. All breaking Jan's high.

C 4.02 +0.13
UYG 6.60 +0.16
URE 8.11 +0.39
INTC 22.00 +0.83
LVS 20.06 +1.37 (AM : 20.25)

Good idea to start small. 

The S&P, Dow and Nasdaq have top out today. You know what happened when we top out last time in Jan?
We had a 2 weeks correction. When the majors pull back, everything moves along as well.
If the market opens red, this thing could gap down at open.. probably below 11.  Use caution. 

You think China's tightening will spook investors?

Hopefully it does!

On other note, guys Maybank2u.com's RM10 transfer is not total cost of your fund transfer. The transaction is RM10+21U$ for they use ABN Umbro bank as their intermediary bank. I inquire several other banks and Maybank is still the cheapest. Just a note for you guys out there who still think it's only RM10.

My order for FUQI got filled 11.90 yesterday and got stop out tonight at 11.60.
Back to even after some gain yesterday. Market wants to pull back now. I'm staying out till this settled.

But, I went short on China - bought some FXP: 8.16 at open.

Is it total cost?

Now re-accumulating C. Bought another batch at 3.89

Started a small position for TCK: 37.95
Still holding FXP since last week - I think China is bearish. Looking to exit near $9

Waiting for more pull back for  ERX and TNA.

yeah, just wanna close this snake - if the outcome of the news is positive, we can see her at 15$ even!

---

Added on March 22, 2010, 11:57 pmLVS nearing $21. WTF. Short being eaten alive!

Sold 1/2 C: 4.09.  I'll buy again if we dip below $4. 

Lower my bid for FUQI to 10. Don't like the rainbow effect caused by this crazy snake.

Closing update:
Dow 10785.89 +43.91 +0.41%
Nasdaq 2395.40 +20.99 +0.88%
S&P 500 1165.81 +5.91 +0.51%

Wow!.. crazy bullish market again.  Didn't really expect this. 

I've exited my FXP for now.  Too close for comfort.   Will try again later.

Yes baby, C - please move to USD5 so that I can spring clean my portfolio. Going forward for Tech stock. 

Yup, once economy boom, you will see. (aka NASDAQ)

STX, INTC, STEC, CRM, RIMM, S, AAPL, NVDIA, AMD, MSFT and whole lot more...
have a look here : http://www.google.com/finance?catid=us-66529330

Some are really goreng, so be careful.

Back in FXP to short China. 
Closing update:
Dow 10888.83 +102.94 +0.95%
Nasdaq 2415.24 +19.84 +0.83%
S&P 500 1174.17 +8.36 +0.72

Wow! Did you see that?
Dow closed at 10888.83 

That's a very "fatt choy" auspicious number! 
Anyway, I'm surprised at LVS.  Is the economy so good that people are flocking back to the casinos?
Oh wait.. the stock market is the casino, right?