Among industry groups, retail once again showed strength. Semiconductors and networking-oriented stocks also did well.

Banks dropped the most. Of the 18 stocks in the group that trade above $10 a share, every issue fell. The financial stocks appeared to be reacting to media reports that the government was pursuing insider trading cases against major Wall Street firms and hedge funds.

Other big banks moved lower but in subdued volume. It wasn't clear from the reports how strong the government's cases might be. The FBI reportedly is investigating an "expert network" of analysts and consultants to institutional investors. But even if the government's cases prove thin, such action could waste corporate time and money.

The government's actions also could reinforce the perception that the Obama administration neither appreciates nor understands capitalism. Right or wrong, that perception has hurt economic confidence and companies' willingness to hire.

zamans98, all their 4 fa sux categorize as goreng counter, play at ur own risk BUT definitely more exciting then c
no idea why uranium type stocks going higher
anyway by the time the news is known, its too late to gamble

welcome chen9wei, kind to explain a bear spread to the forumers here? tq
seems wfc looks like a swing trade & ctxs has roket fuel, can go higher than $72
the indices april resistance does not affect ur technical trading signal analysis?
forumers here all very poor only can afford stocks below $20, less than $10 makes them happier & virgin in options

I care nothing on the fundamental except the bigger picture on indexes such as Dow Jones and S&P. That's why sometime I will trade the index itself rather than spend time on stock picking.

From my observation, dow jones is having a difficulty in climbing above the 61.8% line, which is set at 11,270 . It will retrace to the level of 10,350 which will act as the first barrier if markets continue to perform bad. All my indicators are showing market is going to get very bad in the coming few weeks. With extreme unlikeliness market will reach 11,270 level.

For C, better don't get involve for the moment as the SMAs are showing extremely bearish sign. I would short rather than buy C if I were forced to make a decision.
As I always said, do not catch a falling dagger.

I will continue to update the market trend, it's a dynamic market anyway.

Anyone buying Cisco (CSCO). Drop so much recently. Now at ~$19.5. Target price form various research house are between 22 to 24.

I got a bunch of CSCO about 19.25, might need to keep for some time for it to recover

Wow, welcome to board... Next time share some good tips here ...

Hey Gang!

It is CyberMonday in US! Great for retail stocks bull run - (AMZN, JCP, BBY, M, TGT, WMT, etc..)
Early sales indicator says much better than last year. US consumers are back in much greater numbers this holiday season.

But, bull mood could be subsided because of continue European issues. Looks like Ireland took the $113 bailout pill.
It's all about contagion fears again.

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Added on November 29, 2010, 9:39 pmIMO, that's good price to scale in your buy position.



This post has been edited by danmooncake: Nov 29 2010, 09:39 PM

Only AMZN leading the pack. The rest so-so only..

URRE!!

Still no signal on Cisco. Although no signal, I think the price reached bottom already as the 61.8% line lies on $19, meaning it is difficult for the price to go lower than $19. Will buy when the signal appear. Not now.

For Amazon, it is a good buy for now as SMA and MACD are showing strength. Price target = unknown , as they are on their highest price in history

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Added on November 29, 2010, 10:28 pmA hard to accept fact is that Wells Fargo has the possibilities to reach $24.2 . And I will be earning 300% of what I invested in.

This post has been edited by chen9wei: Nov 29 2010, 10:28 PM

Wow, AMZN flew already tot he moon.

Can you do a DUMMIES guide to OPTIONS? The reading out there is very complicated... As in human, you should learn to crawl before one run. They throw all in at single page. WTH..

CTXS down... Why not LVS?

Back in 400 @ LVS 49.50

Hoping for short term pop to $51 for quick profit.

darn it. Still waiting for 49$...

Still possible but the rising 50ema on 15m chart makes it interesting to watch.
Higher lows from last 3 trading days...

Hoping it will break above $51 barrier soon.

Closing update: CyberMonday
Dow 11052 -39.51 -0.36%
Nasdaq 2525.22 -9.34 -0.37%
S&P500 1187.76 -1.64 -0.14%

Still more fear on Europe issues.. but I'm seeing this as buying opportunity to scalp.

I also bought some CSCO Jan 20 calls cheap.. 48c.

This post has been edited by danmooncake: Nov 30 2010, 08:16 AM

amzn new high


csco got doji to swing trade


lvs is in a channel, y doesn't it do a shakeout?


retail store in watchlist

For retail, I like TGT..

I also start to buy since the price drop <20. Currently doing averaging. Hope it recover soon.

Better think if exit strategy if CSCO falls below 19.
After the new year, don't be surprise if stocks fall off and CSCO just follows along the general market.

Tonight, we'll get a 2nd shake out. I thinking this dive will be much deeper and bears will get their first wake up call.

This post has been edited by danmooncake: Nov 30 2010, 09:39 PM

Even-though it will be red (-90pts) but some gem are to be collected.

LVS? STX?

Look at the Silver-related thingy...

bear festival gonna start party izit? & not fake double bottom shakeout yesterday but all fund manager cuti & left the fun assistants working


I looking at the secondary indicators, put vs call ratio still bullish & need bearish investment advisor <20%


Stock futures signaled a lower open Tuesday as Wall Street awaited a couple of key economic reports and also kept a wary eye on Europe.

Standard & Poor's is slated to release its S&P/Case-Shiller index of home prices for September at 9 a.m. EST. Analysts expect the index rose 1% for the month vs. a 1.7% gain in August.

The Conference Board's monthly report on consumer confidence is due at 10 a.m. EST. Economists expect a reading of 52.0 for November, up from 50.2 a month earlier.

The euro fell to a 10-week low against the dollar after a weekend bailout package for Ireland did little to ease concerns about the fiscal health of other debt-laden countries, including Portugal and Spain.

A rebound in the final two hours of trading helped stocks avoid serious losses Monday. Leading stocks in the market's top sectors outperformed.

The Nasdaq composite and the Dow both fell 0.4%. Volume jumped from Friday's half-session levels but was still well below average. The Nasdaq dropped as much as 1.5% before buyers stepped in with force at 2:30 p.m. EST. Including intraday action, the Nasdaq has fallen 5% from its Nov. 9 peak of 2592.94. The S&P 500 reversed from a 1.3% midday drop to close down 0.1%.

Many of the market leaders in the Internet, software and retail fields are found on the Nasdaq, but a few reside in the NYSE. Both the Nasdaq and the 500 also held above their recent Nov. 16 lows.

True for LVS - lots of dip buyers..

Let guess the low for LVS tonight.. I think it can probably see between 48.5 to 49 if Dow hits -3 digits.

ING dropped to 8.66.

There is drastic drop recently. Any idea what's the reason?
Good time to enter?