Not yet... bears need to see the bottom before they can go away.

Bias still downside but I'm temporarily long for now perhaps till tomorrow.

I think this bear will be around for a while more.

We haven't officially drop to bear market yet.. so it is still at the border line.
But, we're in good trading range here.

Tonight, I'm doing a bit of trading with covered calls and calls spread selling to get some points with weaken LVS here at the resistance level. Hoping this price will remain below $49 by Friday.

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Added on September 15, 2011, 2:19 amOpps.. short term reversal in play. Buy signal kicked instead.

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Added on September 15, 2011, 6:10 amClosing for Sept 14th
Dow 11246.73 +140.88 +1.27%
Nasdaq 2572.55 +40.40 +1.60%
S&P500 1188.68 +15.81 +1.35%

So far my trade for LVS going well. It is hitting that resistance wall here.
Pocketed another 20% from selling out of money calls for short term trading.

That SP500 1200 area is the key area to play here.










This post has been edited by danmooncake: Sep 15 2011, 06:10 AM

The trading range is getting smaller

Now S&P 500 hit 1200 must cabut

This post has been edited by Myoswee: Sep 15 2011, 08:17 AM

Yes, that's the key.. did you notice how fast that dive from 1200 till closing?
Just 30mins to lose over 12pts on S&P 500. All done by computer algos. They see that pattern.
Lure them in.. peak at top, then DUMP!

I think it may still try to get over it and make another attempt to get to 1220-1230 area by tomorrow or perhaps Friday. This is still a very strong resistance area. Good place to put shorts here if we get there.

If you're long, keep your stops tight here..

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Added on September 15, 2011, 9:35 pmAnother attempt at 1200 tonight..

This post has been edited by danmooncake: Sep 15 2011, 09:35 PM

Im out at 1200

Must follow the computers

I think I'm going to buy some GLDs... nice pull back.

I wouldnt bet against the metal as next week Uncle Ben may give us surprises

Good luck to you

Midday
Dow 11401
SP500 1204

Time for me to lighten up here.

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Added on September 16, 2011, 7:53 amClosing for Sept 15th
Dow 11433.18 +186.45 +1.66%
Nasdaq 2607.07 +34.52 +1.34%
S&P500 1209.11 +20.43 +1.72%

Market edged up almost two percentage points.. Hurrah for the bulls.. I guess.
Got to watch this level now. We were here last week and got
smashed up right around the 1220-1230 area. May happen again..

After hours, RIMM reported really bad earnings.

I think this company's products are going by the way of HPQ. Another fire sale likely to happen for their Playbook tablet.

This post has been edited by danmooncake: Sep 16 2011, 09:48 AM

Smoke on SVM is clearing up.....



FBI is investigating..........


The manipulators are fleeing ...........

Buying opportune

Wow.. are you still trading this?
Smoke not all clear yet.. man. Still haven't recover to previous price before the big dump yet.

Good luck with it.

Went in at $6.55 .........lets see what happens to night........

the shorts are suddenly quiet after the FBI became involved.
They have shifted theri website to Denmark from US!

Time to put some shorts on the S&P 500 on 1220 & 1230

Closing for this week
Dow 11509.09 +75.91 +0.66%
Nasdaq 2622.31 +15.24 +0.58%
S&P500 1216.01 +6.90 +0.57%

Bulls won this week... now, let's turn to the bears for next week.

I've managed to scalp 99% off for my LVS 49 cover calls since it expired below that price for Sept.
Now my LVS common stock averaging around 35. I'm going to continue to hold this as my commons as long as lows
at $35 can hold. I will continue to sell cover calls and buy puts for the volatility play.

Sep15 In at $6.55 out at $7.10

Sept 19In again at $6.5 out again last night at $7


Fleecing twice in last week..... enough pocket money for holiday....

Awesome man!! Nothing wrong with taking profits.


Now, I expect this week to be bear week again. We've reached 1220 and pivot during mid day trading.

Dow 11408.66 +7.65 +0.07%
Nasdaq 2590.24 -22.59 -0.86%
S&P500 1202.09 -2.00 -0.17%

Need confirmation with a close below 1200 in the next session.

This post has been edited by danmooncake: Sep 21 2011, 10:25 AM

Look what happen on monday when it reach 1190

Bulls charge back out of nowhere

The trading band is getting smaller and smaller ( 1190 ~1220)

Hopefully something big is coming

Apple being considered into Dow 30?
http://www.cnbc.com/id/44597744
Dow is a price weight index, if Apple, a 400 price stock being included, then Dow is heavily influenced by Apple share already.

They've got the largest market capitalization in the world

Why not ?

Yeahh.. that's scary. Personally, I don't want AAPL to be included into Dow 30.
For some unknown reason, when a high growth tech company goes into Dow, it goes down and then flatline after a while.

Same thing happens to Cisco, Microsoft, IBM, etc.

I'm fine with AAPL holding up Nasdaq for now..

AAPL next year target $500. Will probably have $125 bln in cash by FY2013