Wow! closed at 595. Looks like more downside coming....
Almost reaching 585 today, but I think I should lower my target now. Maybe 550...

Depending on your time horizon..575-585 should be good spot 'coz the 200ma is here already.
550 - maybe dangerous spot because next dive is around 520-530 support.

Anyway, I got my 2nd price target to exit @ 600.. (gap fill area) achieved... halloween party time in office.

Dan

You are very good this stuff!

Er Dan...whats the blue line ?

Anyway, all the index look like bottoming

Time to buy the Dip

The blue line is 50ema which tells me when to take profit before Skynet does.

Works most of the time. :

Yup, 575-585 is the entry zone. In short haul, it can hit back to 600$.

Thanks for your feedback.

Premarket looking ok..jobless claims also ok.

I''ll be watching for AAPL to see if it can break above 603 or not.. if not,
I'll look for shorting opportunity for another round to go on the southbound train.

It will be wonderful buys for bulls waiting at the 575-585 area.. we're almost there.

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Added on November 1, 2012, 10:04 pmSo far..no entry tonight.. AAPL still pretty tight range (mid range - no trade zone).

Macro data (ISM, Consumer, Jobless claim) that came out all pretty good, supporting this market.
Dow up, S&P up, Nasdaq up.. looks like bottoming process in making here.

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Added on November 1, 2012, 11:25 pmLooks like majors are ripping up trying to reverse
the trend ahead of the job numbers tomorrow.

Also, AAPL attempting to break out.. gap filled to 603.. small pull back to 600.
if 596 or higher holds.. stay long.

This post has been edited by danmooncake: Nov 1 2012, 11:26 PM

Looks like Apple is going to stay flat for today...
FB continues to fall?.....

Does sifus think Well Fargo is expensive now? It's one of bank that benefits the most from housing loan right?

This post has been edited by yok70: Nov 2 2012, 03:28 AM

I think WFC is cheap now..(33.50 ~ 33.75). Trailing PE: 10, Fwd: 9..

That's the same price that WB bought more after the earnings missed about two wks ago.

Wow, then I am interested to play this long term....since US housing recovery seems warming up....do you see it this way too?

Long term as in ??? (weeks? months? years?)
What your timeline?

WFC is consolidating now... between 32.80 and 33.50 is a good buy if you can get it.
Danger if falls below 32.50

For bank, I'm playing C. You know this.. it's a much tradable stock but I'm not really long term for C.
I got some positions left to let this bad boy ride up with trailing stop..It's treading up slowly.
Hopefully, it may break 39 shortly.

Also, if you're thinking playing banks for housing recovery.. that may not be a good proxy 'coz
low interest kills banks profits. Look for REITs..or homebuilders stocks.


AAPL - iPAD mini goes on sale... but lines aren't that long. So, it may not be a hot item as many would think it is.
But, on the other hand..MSFT surface tablet indeed generating a lot of buzz. This thing could be next thing the PC windows users could be waiting for. For the past few days, MSFT is seeing a lot of money flowing into it.

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Added on November 3, 2012, 3:21 amUpdate:
AAPL Price Alert 585.00 at 14:02:52 EST US
The AAPL dam has broken.. waterfall....All hands.. becareful, wear thick gloves if you want it, it has turned into falling sharp knives.

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Added on November 3, 2012, 3:30 am
AAPL PRICE ALERT: 580.00 at 15:24:34 EST
Flooding downstream.....

This post has been edited by danmooncake: Nov 3 2012, 03:31 AM

Aapl koyak

I smell margin call

AAPL PRICE ALERT: 575.00 at 15:55:34 EST

There you go! Price target achieve.

Hoping for a quickie bounce up game play next week..

This post has been edited by danmooncake: Nov 3 2012, 04:28 AM

My long term means few years if things go well.
Thanks for the concern on low interest rate worry. If economy recovering to a better shape, the interest rate should also raise right? But ya, I believe that could be years away before it really happen. As on REITs, I guess I'll just buy Malaysia REITs since their performance are quite stable and nice.
Do you think C is a good proxy for US recovery? If housing is recovering, I guess the whole country also will be recovering too?

Apple had reached beyond my target of 585! Anyway, I haven't bought in. Still hesitating as it continues to fall....
Really? MSFT surface is a hit? That's a surprise!

bear attack apple, bear trader wins~


Attached thumbnail(s)

Bears not only like fish but likes AAPL too..

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Added on November 3, 2012, 7:42 amInterest rate only rise if the central banks feels that the economy is too hot and wants to reign in the money supply.
Now, the economy is still cool... not even warm yet. World economy is still recovering.. I think we got a few more years (Uncle Ben say.. 2015 before his team will act.. by that time, he's already gone).

Personally, I don't like Malaysia REIT at this price.. I think it's heading towards a big bubble with all the speculation - just like US back in 06-07. I like US reit now since the bubble has burst, deflated and on its way to recovery. Riding the recovery is less dangerous than riding the bubble.

No, I don't think C is a good proxy for US recover... if housing is recovering, it DOES NOT mean the whole country will recover. The main issue is jobs (employment) in US. Need unemployment go back below 5% first, then their major consumer economy will be back later.

As for AAPL.. just watch it for now. It broke the 200MA (588).. don't catch the falling knives. Wait for your buy signal later.

But, traders like me like to juggle knives... so I got some thick gloves to wear to play along.

This post has been edited by danmooncake: Nov 3 2012, 07:50 AM

Thanks a lot for your comments.

True, Malaysia REIT has been up high, yield is compressing. Gotta neutralize my REITs holding for yield concern. Stareit seems pretty good at the moment with yield of above 8% for FY13 expecting Australia's acquisition can be completed successfully by this year end. By then, its assets diversification will be better at about half in Malaysia and another half in Australia. Local retail REITs valuation are quite high now.

Can you recommend some good REITs with growth potential in the US for long term investment? Thanks!

I like US REITs but I can't recommend any at this time because many of them still have to do a lot of research before putting real money in especially because it is all regional specific. It's all demand vs. supply and housing data always lagging. Different region, different demand. One area is booming, the other area is still recovering.. Have to be pretty picky. Right now, midwest area is growing faster than the west or east or south coast because of the oil fracking boom. US is 50 times size of Malaysia, so maybe difficult to say everything is healthy in general.

But, I particularly like the builders supplliers..or the home materials providers that SELL to the builders.

For example: HD - Home Depot - huge home suppliers this company is like the AAPL of the IT sector but they function in home building.
During recession or slow down, they sell to those who want to remodels.. during boom times, they sell more to the builders who are building new homes... pretty good solid balance sheet so far and ok dividends.

That's why I think if housing is recovering.. I think banks can't make much money because of the low interest, low margin, and much stronger regulation that prevent them from investment or trade but the suppliers of homes materials will make money better than banks.

Disclosure: A member of my family owns HD stock.

Having say that eventho I like HD, I'm NOT recommending buying HD at this level.

This post has been edited by danmooncake: Nov 4 2012, 11:19 PM

This post has been edited by kueyteowlou: Nov 5 2012, 12:12 AM