Crazy huh? Yet another worry about Eurozone again?
But we all know the media just want to cook this up as a reason for sell off.

I'm just thinking .. time to move money off the table because we got 4 days of up.. and running into resistance area here.
A decent pull back would be nice - give some money back to the bears..

I do think bulls want to take this higher if bears can't muster a 3 digits pull back by tonight.

Closing update
Dow 10340.69 -107.24 -1.03%
Nasdaq 2208.89 -24.86 -1.11%
S&P500 1091.84 -12.67 -1.15%

Correction - bears able to get -3 digits on Dow or more than 1%. This does not look good for bulls.
I'm shorting..

This post has been edited by danmooncake: Sep 8 2010, 05:12 AM

zaman, it is because momo wants it to down.. no other reason..

just buy at the middle and wait to reap enough lar..

dmc.. dow seems to make a way back to 10k. the last few days are just nonsense...

Bulls want to make the stand at SPX 1090-1094 or Dow 10330-10350.

Let see if they can push it up. I'll be holding some short position until market breaks above 1107, which I doubt can happen this short trading week without any "better than expected" econ data or news.

DMC got new avatar... haha. Goddess

Eying Technologies stocks - MU and INTC

Heh-heh. Tired of the old one. Besides Raya and Mooncake festivals are here.
Got to be feel a bit of festivities.

But, I'm a bit bearish now. HPQ now suing ex-CEO. This one just continues to hurt them. I'll be selling HPQ on the next run up. Almost got out last Friday but missed it.

"Stocks Advance as Debt Concern Eases; Treasuries Decline "

how do they make two opposite statements within two days?

That's why I hardly follow the news anymore. They don't make sense especially no data and low volume this week.
Just follow the technicals. We're overbought here. We are going to have a wave down here soon if bulls can't break above that SP 1105-1107.

Both Dow and SP500 still can't break Friday highs yet.

Dow Jones 10,387.01 +46.32 (0.45%)
S&P 500 1,098.87 +7.03 (0.64%)
Nasdaq 2,228.87 +19.98 (0.90%)


Stocks closed higher, led by the banks, but off the session highs. Investors continued to question the health of the U.S. economy and recovery efforts. Equities sold off a bit after the text of President Obama's speech on business tax breaks was made available. The Federal Reserve's Beige Book survey of 12 regional banks showed a deceleration in economic growth across the country. The Dow Jones Industrial Average ended up 46.32 points, or 0.45%, to close at 10,387. The S&P 500 gained 7.03 points, or 0.64%, to close at 1098, and the Nasdaq was up 19.98 points, or 0.90%, to finish at 2228.


Look at LVS. What is stopping her?

Still holding some shorts here.. I think market going to puke soon.
The 'rally up' volume is extremely low.

As for LVS - Higher and higher.. just like NLFX.
Gotta buy some when it pullbacks to 29 or lower to scalp.

---

Added on September 9, 2010, 8:33 pmI'm outta shorts premarket.
Better stay in cash to try again later.

Jobless claims drop (down 27k to 451k) and trade deficit down.
Bulls have more ammo to charge up later.






This post has been edited by danmooncake: Sep 9 2010, 08:33 PM

WOW, pre-market looking very beautiful.

LVS marching on. MGM follows, from low $9 to today $10.53.

JNJ

err, what is there to shout? There are better performer out there. This ain't KLSE.

Better is Adobe

32.96 +3.65 (12.45%)
NRGY
MW

---

Added on September 10, 2010, 1:49 amDMC - are u still gunning for FUQI? Now is dirt cheap, below USD5!
under SEC investigation. Will only look into it when it reaches USD1.00

This post has been edited by zamans98: Sep 10 2010, 01:49 AM

Sell off coming...

Closing update:
Dow 10415.24 +28.23 +0.27%
Nasdaq 2236.20 +7.33 +0.33%
S&P500 1104.21 +5.34 +0.49%

Market rallied off earlier after better than expected initial jobless claims and trade gap eases off but gave back the gains.
I don't think it can stay at this level any longer and it is pretty toppy at the moment.
I think all it takes a just a bit of bad news, and this market will sell off with -3 digits again.

Therefore, I've made a small entry for via bear shares SPXU @ 30 and TZA 31.80 at the moment.



This post has been edited by danmooncake: Sep 10 2010, 04:18 AM

dmc, how do u see the overbought signal? RSI or volume?

I'm keeping long term. So going up is like another giant footstep.

Yes, both RSI and Full Stochastic Oscillator. They're crossing over now, kissing, looks like it is moving down.
Maybe one day I am early here.. but let see what happens tonight. I got some tight stops in place.

As for FUQI, not touching at the moment. I may look at some call options for cheaper risk play but if NASDAQ delists it in two weeks, those calls will be worthless.

This post has been edited by danmooncake: Sep 10 2010, 10:59 AM

DMC - about right. But volume is fading, not only NYSE but all over the world. This is a trend or just every1 are expecting doomsday?

which one is which now?

Closing update:
Dow 10462.77 +47.53 +0.46%
Nasdaq 2242.48 +6.28 +0.28%
S&P500 1109.55 +5.37 +0.49%

Another bull day but close with a low volume week.

Anyway, I'm scaling in my short positions now. Trimming the excess at the top, and selling into every bit of the uptick.
Sold off all my AAPL calls and 3/4 of TCK for moderate profits.

But, still holding HPQ. I must admit made a bad call on this one. No excuse.

Have a great Hari Raya Aidilfitri holidays and enjoy your weekend!

Hopefully, volume returns next week.

This post has been edited by danmooncake: Sep 11 2010, 04:25 AM

The technical support is seen as 10k, but seeing the low volume for these upsides, I guess next week may be a dip.

Something is unusual, the bear is killed but bull has no power to up. May be momo is waiting to let go..

enjoy the dip next week..

No dip yet.. China boosting stocks.

Damn HPQ, another crazy buying spree. Just throw away another 1.5billion instead of giving back to shareholders.

http://www.nytimes.com/2010/09/14/technolo...er=yahoofinance

All banks most likely going to rally today.
http://online.wsj.com/article/BT-CO-20100913-703359.html

Outta shorts tonight.. Going to try again probably at 1125-1129 if bulls are going to us there.

This post has been edited by danmooncake: Sep 13 2010, 09:17 PM