DOW/S&P slightly down opening, following Europe major indices closed slightly down hmmm
come come C coming to 3.5x

3 major econ data for tonight:

a) Case-Shiller Home Prices: 4.23% versus 3.1% expected (Positive)
b) Chicago PMI: 56.7 versus 57 expected (ballpark same expectation)
c) Consumer Confidence: 53.5 (Aug) vs. 51 (July) (Positive)

So, there you go.. we may go green.

Out of TZA, back into TNA.. Swing again tomorrow.

This post has been edited by danmooncake: Aug 31 2010, 10:13 PM

unexpected good news..

Stocks rise on unexpected consumer strength !!!
A surprise jump in consumer confidence is giving stocks a lift. The Conference Board says its consumer confidence index for August jumped to 53.5. That's above the 50.5 economists had predicted and provides some hope to traders about the pace of recovery.

All US major indices green now , may hold above 10k & 1050 ?? aisehman C bounced off 3.63

FDIC says number of troubled banks in second quarter rises to 829 – highest since 1992.

DOW going south..

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Added on August 31, 2010, 10:41 pmfinally DOW under red zone now..

This post has been edited by epalbee3: Aug 31 2010, 10:41 PM

DOW back to green. Supports still hold at 10,000

Every time it dives below 10K, it quickly being bought out..

It was 60pts below, now 40+ pts above.. almost like a 100 pts gain already.

yupe..

umm.. why r u heppi? I thought u're BEARISH?

I'm out TNA.. volume is really pathetic.
Staying sidelines here.

Gotta to watch for China PMI tomorrow..
This one is going to set the bulls/bear direction as well.

Last month was bearish.
http://www.bloomberg.com/news/2010-08-01/c...nomy-cools.html

This post has been edited by danmooncake: Sep 1 2010, 02:03 AM

Red again. Dragged down by INTEL. Dunno what the BOD are thinking. Fresh after McAfee deal, now seeking Wireless business of Infineon For $1.4 Billion.

Now, shareholders dislike the idea and start throwing INTC down. From $20 now heading to $17, and it drag down DJIA with her.

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Added on September 1, 2010, 3:26 amforget to add CSCO also dragging the DOW down.

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Added on September 1, 2010, 4:16 amDow Jones 10,014.72 +4.99 (0.05%)
S&P 500 1,049.33 +0.41 (0.04%)
Nasdaq 2,114.03 -5.94 (-0.28%)

Scam closing??

This post has been edited by zamans98: Sep 1 2010, 04:16 AM

Yeah man.. there are few investors/traders at all.

If you watch the last hour action, those fast computers are in control.
They take it down, attract the bears.. then ramp it up, take money from bears.

I'm not falling for it. I think I stay at the sidelines until Friday, may even stay off after
next week when volume returns.

This post has been edited by danmooncake: Sep 1 2010, 04:26 AM

i'm bearish.. but i think some momo is controlling at 10k points..

it is not nice to see < 10k for the US regulators..

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Added on September 1, 2010, 8:32 amwhen DOW is at 10k points, we don't know how momo wants it to be..
Same chance for going both sides, but, as you see upsides are limited until US economy shows green indicator; downside are supported by some momo.

So, I guess it will sideline a while..

This post has been edited by epalbee3: Sep 1 2010, 08:32 AM

There will be - and always be upsides of the economy. Not until end 2011 or early 2012. The housing + employment numbers says it all

Look at that... futures up 3 digits despite bad ADP employment report (-10K for August).
Watch out, I think the big boys may take this down by end of the day.

I think I'll look for 'shorting' opportunities here.

This look like a bull run !
S&P opened 1049 and if stayed/closed above 1070 is gonna be a bullish engulfment candle ! Likewise with DOW
Momo sharks making it happening

Damn big boys trying to kill bears..with quite a bit hedge below SP1066, they have to cover above it causing the spike above 1070. I may try to short at 1080 here to scalp. Looking an entry in TZA and SPXU.

i think the big boss is playing against ikan billis..

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Added on September 2, 2010, 12:07 ami think most likely it will go up a few hundreds then come back testing the 10k again.. momo is playing like this..

This post has been edited by epalbee3: Sep 2 2010, 12:07 AM

AMAZING!!

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Added on September 2, 2010, 12:51 amAMAZING! 230 points and yet unemployment data is not that good///

This post has been edited by zamans98: Sep 2 2010, 12:51 AM

I'm shorting this snake.. we got to 1080, I don't think it will go higher tonight until we get stellar good news Thur/Fri.
In SPXU 32.50. Stop Loss $32 for one or two days swing trade only.

Wish me luck..

Update: 2am
Lowering my stop for SPXU to 32.25. If SPX closes 1080 or above, then I better bail.

This post has been edited by danmooncake: Sep 2 2010, 02:02 AM