For BAC and C, I observed that the stocks are now being dumped.. whenever they raise a bit, then someone will throw a big stocks..

bear is still in control..

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Added on October 5, 2011, 11:16 pmsame also goes to LVS.. i think la.. this is probably the bears setting traps for people who go in..

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Added on October 5, 2011, 11:20 pmbut now there is strong buy for LVS... momo pushing the price up... !!!

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Added on October 5, 2011, 11:41 pmI saw that BAC got big volume.. actually who is buying this BAC?

This post has been edited by epalbee3: Oct 5 2011, 11:41 PM

Midday report: Stocks moving up.. but they're starting to stall off.

Watching that rising SP500 50ema line: 1115 <- this got to hold!

Put those TRAILING stops in place now to protect your profits!

Steve Jobs has passed away. May he RIP. What will happen to Apple now?

Sad that a visionary like him has gone.........Appl will never be the same again

Lets see if tonight Dow/S&P can break 20 day MA

Will be putting some shorts on the 50 day MA

Very strong resistance there

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Added on October 7, 2011, 8:52 amBulls manage to finish above 20 days MA

Next one 50 days MA (Very strong resistance)

Good point to slaughter the bulls

This post has been edited by Myoswee: Oct 7 2011, 08:52 AM

The bulls gathered more friends, making back all the lost friends that has commited suicide since Monday evening.

Dow 11123.33 +183.38 +1.68%
Nasdaq 2506.82 +46.31 +1.88%
S&P500 1164.97 +20.94 +1.83%

So, I'll continue to stay long.. got plenty of leg room and buffer to 50MA line.

This post has been edited by danmooncake: Oct 7 2011, 09:38 AM

50MA not very far away

Easily achievable tonight if the unemployment figures show some 'good' signs

We got better than unexpected UE numbers tonight.. so I'm going to sell some into the small rally here for the weekend.

missed the chance of loading LVS @ 39.

MPEL is higher than MGM...

MPEL is also a better buy than MGM despite higher PE because all of its earnings are from Macau.
MGM still hemorrhaging from Las Vegas because of its City Center properties.

danmooncake, short rally over or going to over already?

No, just taking some profits.. always take a little profits after 3 days of uptrend.

I'm still holding half of what I've bought when SPX500 was around 1080.
So, I got lots of ceiling buffer in case Monday we tank, I can still sell and get profits.

If we continue higher, I'll just set my trailing stop and let it go if it falls back.

Good time to buy , sell and short within a certain range.

Making 10 to 20% profit each round , or perhaps 100% for options like call warrants

This post has been edited by SKY 1809: Oct 8 2011, 10:39 AM

Yes, the US market is literally still within range.. but it is in the downward trend consolidating and being compressed.
We can see range getting tighter and cycle volatility has increased because the ceiling is coming down fast and the floor is getting weaker.

As for 100% options? Well, it can easily turn into -100% too.

The new SP500 floor is 1075 but weak.. soon, I think we may see 1050, then next support will be 1010, which is last year low. So be prepared. Just continue buy and trade for now by riding this wave.

saw some online brokers for US stocks mentioned in V3 thread (https://forum.lowyat.net/topic/1476526).

anyone used any of these brokers before? which one is the most cost effective, ie lower deposit amount and commission?

Arghhh shit this sogotrade, bought over by another co.....have to resend all documents to them again!! Now account is frozen becoz i ignored their previous mails....anybody kena also??
Sighh...lucky still got firsttrade hmmmf!!
WHy so mafarn one.....cannot reuse old doc mehs? :/

ok sorry my fault...heheh just wanna vent anger here

It is like that lah. Cheap discount company will be taken over by new company. So, don't be surprise later if they jack up their commissions later. So, if you don't like SogoTrade anymore, just don't waste time and send them docs.
Just close it and open another account.

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Added on October 10, 2011, 10:20 pmBulls are strong tonight.. 50MA taken.
Covering all shorts position!

This post has been edited by danmooncake: Oct 10 2011, 10:20 PM

because of this news - Stocks jump on European pledge to help banks?

Looks like the bull still can tahan for a while some more and that's good

It could be.. but as you may already know, most of the time, the financial media will find a reason
to print a story why the market rally. The fact is, that European pledge was already happened last Friday. So, this is just another re-hash of the same old.

If the market tanks, then, they'll find a story saying the European pledge is not enough.

IMO, MM not making enough money going down .. so now, they're taking money from the bears and moving the train north.

Just watch the tape to see where support and resistance is. Resistance at 50MA is broken, next stop 1230, and 200MA (1277).
Also, just in time for earnings.. and year end move up.

AA reports tomorrow. As long they're not pulling a negative surprise, we'll see the fears will subside and the bulls party will start again.

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Added on October 11, 2011, 8:47 pmBulls will fight the tape to sell today into earnings.

So, I'm selling more LVS cover calls (48-49) expiring this week..




This post has been edited by danmooncake: Oct 11 2011, 08:47 PM

WoW the bulls just keep on going without rest for 7 trading days

S&P hit 1220 and retrace back

Still within a nice trading pattern