3 mega news today. Beware and get ready to rumble.

Looking forward for a good entry for ING.

Yes,... ready for this big move tonight.

I'm hedged now on the downside..got some TZA premarket.
Ready to cover if jobs report is good.. 2 more mins to go.

Update: 8:30pm
Damn.. numbers are better than expected.. gotta covered!

ok.. clean up my mess a bit. uh uh..here's what's important:
Non-farm: -54k versus -90k (expected) good for bulls here
Private payrolls: 67k versus 40k (expected) also good for bulls here.

Close out my short positions for now. We going to see 3 digits for bulls again.
Still positive here with my long AAPL and TCK calls. Going to sell some to
take profits off the table during market for the long weekend.

Whoa.. HPQ came back above $40 now.. nice!

This post has been edited by danmooncake: Sep 3 2010, 08:58 PM

Not yet 3 digits, we still have ISM data at 10pm. If still greenish, then confirmed 3 digits.

I sold partially S yesterday, thinking of bad data today. S from low 3.80's 3 days back to now 4.30's. When is Citi's turn eh?

Well, looks like C got a 2% boost. Not bad. Closer to $4 now. Once it crosses above, that's will be a new box range.


This post has been edited by danmooncake: Sep 3 2010, 09:40 PM

Yup, let her break $4 and we can see 4.25$ from there onwards. I'm now putting up my Trailing Stop on C and S.

Psst.. are you still watching LVS?

This thing won't die when the market pulls back, it rockets up when we rally. Another new high already.

Watching yes, entering trade? No, with the same cash, I will rather trade C or S. LVS is not my type, a bit risky for me.

Thank you so much danmooncake and zamans for your great information. Btw, @zamans98, do you know options? It seems like quite complicated..is it? Mind to share some info?

I play options when the market trade sideways (hedging long and short via calls/puts spread) - it is very complicated. Do not venture into it unless you know what you're doing and know the direction and timing. Time is always against you no matter.
Cheaper way to play stocks but more volatile than 3x ETF. Very dangerous.

No - sorry, I have almost zero OPTION experience. Can't help u there.

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Added on September 3, 2010, 10:28 pmIn observance of Labor Day, US financial markets will be closed on Monday, September 6, 2010.

This post has been edited by zamans98: Sep 3 2010, 10:28 PM

seems like the bears are killed...hibernating..

as expected, it is not 3 digits game today. Monday is holiday in US . So mostly people are selling into strength.

I liquidated all S with tiny profit. Will re-enter when it breached 4.30 and below. Sold half C with tiny profit. Will pickup at below 3.80.

Same here..

Just sold 2/3 of my TCK long position, 13% profit.
Let go of my AAPL 250 calls, 55% profit but lost 10% on silly bear tricks on hedging.
Overall still up this week with cash in pocket, I'm happy.

I got 3 days weekend off, same like US labor day.
It is dead quiet tonight, hardly any calls coming in.

LOOK - MOMO is trapping the small investors/traders. Pushing and breaks 10,400 DJIA and 1100 S&P.

Unbelievable.. just came back from my break, and bulls are still here!!
The bears are getting slaughtered tonight.

Closing update.

Dow Jones 10,447.93 +127.83 (1.24%)
S&P 500 1,104.51 +14.41 (1.32%)
Nasdaq 2,233.75 +33.74 (1.53%)

Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work.

While the report hardly suggests the economy is out of danger, it's a reassuring sign after weeks of troubling data and comes after some encouraging economic figures in the past week.

Z: Thanks for the update man!

The fact remains that UE hasn't gone down yet but market are so hungry with any piece of good news,
they just rallied!

Closing down office, getting ready to head home for the holidays!
Have a great weekend!

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Added on September 7, 2010, 8:37 pmDid everyone has a great weekend? I did..

Now.. let see.. Dow futures red, Euro in scare zone again. Time for a little pullback here and profit taking.



This post has been edited by danmooncake: Sep 7 2010, 08:37 PM

Pre-market looking weak. 3 minutes to opening.

in my opinion, it is not profit taking, it is going back to 10k line and make another decision.. holidays.. quite good if really enjoy..

Lol, check out the news. US Stocks falls on EUROZONE's economic condition. Whattttt?