I'm with you on this LVS. But the star yesterday was MGM and BYD.

is it possible to know which stock is shariah compliant like our stock market for NYSE?

I'm also eyeing Oil and Energy ETF stocks.. like UCO (2x crude)and ERX (3x).

IMO, crude Oil jumped too fast. We got Morgan Stanley now jumping in bed with Goldman to call for
more than $100/barrel early next year. Yet, US economy hasn't recover yet to the level than it was back in 07/08.

I'm looking for short term peak here at $90-$92 and will take short positions in those two ETFs.

Same goes for TCK (my fav) but already reached my sell target. I'm expecting more slow down
news coming out from China ahead of interest rate hike, we can see some sell off in commodities.

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Added on December 5, 2010, 1:56 amI guess it all depends on how you interpret shariah compliant?
LVS is certainly not it because the company generate revenues from gambling.


This post has been edited by danmooncake: Dec 5 2010, 01:56 AM

I gambler too wanna go the forex thread instead? as the trading volume is much active there than those below
http://etfdb.com/type/region/middle-east/
http://www.etftrends.com/2009/08/market-sh...compliant-etfs/
can't play with citibank either 'Shariah law also objects to borrowing or lending at interest, so financial stocks are reduced as are highly leveraged companies'

If that is the thing, means EPF/KWSP can't buy Maybank, CIMB either.

I say NO to forex. blink2x - your money all gone. At least with stock/shares - it can't goes -100% over night.

I watched the US CBS 60mins interviewed with Bernanke. Bernanke said he's 100% confident that he has control of inflation due to his massive money printing policy at this time and the Fed can raise interest rate within 15mins
to pull in liquidity.

$50-$100 billion of debt purchase per month.. the money machines keep going.

So, like his predecessor Alan Greenspan, he's inflating the balloon again.
Well, just keep going long until he signals to let the air out.

This post has been edited by danmooncake: Dec 6 2010, 08:11 PM

Not a good news for day / swing traders.

http://www.bloomberg.com/news/2010-12-06/m...fect-today.html

haha... sold onnn for 9bucks

congrats. Just noticed ONNN ... rocket.. from $8 to $9 in 4 trading days...

Closing update
Dow 11362.19 -19.90 -0.17%
Nasdaq 2594.92 +3.46 +0.13%
S&P500 1223.12 -1.59 -0.13%

The pullbacks are clearly being bought at this level. Another sign of still very bullish mode.

Here's the good news for Citigroup.

http://finance.yahoo.com/news/Govt-plans-t...1&asset=&ccode=

This post has been edited by danmooncake: Dec 7 2010, 07:14 AM

After last week's hearty advance, stocks tiptoed in a tight range Monday before ending mixed in lighter volume. Most commodity stocks enjoyed a rosy session. Nasdaq volume shrank for a fourth straight day and was below average on Friday and Monday. Although the market does not have to rise every day in heavier trade, you would prefer to see continued signs of institutional buying.

Investors reacted quietly to euro zone plans to boost the size of its financial safety net for debt-troubled members beyond the 750 billion euros already committed. Meanwhile, Federal Reserve chief Ben Bernanke said in a TV interview that he would favor steps beyond a new $600 billion quantitative easing plan if it's needed to further boost the economy.

Bernanke also told "60 Minutes" on Sunday that he felt inflation fears were "way overstated." The market, however, seemed to think differently. Monday's sleepy session masked strong demand for oil, metal ores and coal stocks. Silver hit a 30-year high. Even a few cyclicals groups, such as auto parts, took off. Daily ranking of industry groups on shows 1%-plus gains for Metal-Ores (No. 3 on Monday), Auto-Replacement Parts (No. 4), Energy-Coal (No. 11) and Oil & Gas-International E&P (No. 15).

yeah.. geting out once reach my target price
now aiming IRE/AIB & Citi

This post has been edited by scoop7: Dec 7 2010, 12:11 PM

Great.

Some good news that Fed Treasury wanna dumped all CITI this month... [yeah yeah.. i head that story since last year September]

Pre-market surged from 4.41 to now 4.47

Other thing ; look at X... wow....

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Added on December 7, 2010, 10:06 pmlook at C volume. Just after the announcement of Fed Treasury...

C 4.585 +0.135 460,889, 449

This post has been edited by zamans98: Dec 7 2010, 10:06 PM

C a go go hurray see you at >5.00

BPZ anyone looking at this? thinking to swap some C to BPZ, what do you think?

cheers

the day I moved away from C, i saw my portfolio grow faster... well, that is just me.
I entered commodities stocks.

Hey Guru,

may i know which account are the best to trade foreign country stock ?

Thank you !

your money can go really far over there! click the link to find the best account to trade
http://www.zse.co.zw/

depends on your risk/appetite/country

For US Stocks, I use mbtrading.com or just2trade.com
For others , I don't trade because US is the biggest Casino in d world.... yeah baby!

Still got some batch of C to sell if it reaches my price target: $4.75 and $5.
Hopefully by end of this week.

Just waiting for decent pull back for now. Not buying 52weeks high.

one of the floor trader tweet :

@PipCzar: I have said for a long time..."they" will prop up this market until "they" can get out of $GM $C and other GFC investments

C is crazy. Fed holding at 4.14 average. Once they get back their monies from their "investment" - they will kaboom the market...
i sold off my risky portfolio.. waiting for the day to go LONG again.