Very interesting read.
Thanks for sharing!

I can't believe it, Nikkei dropped 6% and now pre-market EWJ is positive!



Ok that's better....DIA touching.....

This post has been edited by countdown: Jun 13 2013, 09:37 PM

Japan financial market getting severely beaten up again.. I guess what happens is when it was so overbought,
the last bull all in, that's when they all look at each other and turned into bears.

today's flat market could be a trap? only tomorrow can tell.

very surprise to see finance.yahoo.com 's voting if people prefer a bigger screen iphone. The majority is NO!!
sure boh? mostly voted by Samsung supporters is it?

Maybe Samsung fanboys jacking AAPL fanboys.

Anyway, SP500 1625 is the ceiling to watch. If bulls can ramp thru, then more upside otherwise,... like to see it down to 1605 level before trap door opens to waterfall scenery.

climbing up unbelievably steady.
i guess today's that's it.
tomorrow closing would be interesting to watch. unpredictable.

when is fed meeting next week? monday?

This post has been edited by yok70: Jun 14 2013, 03:27 AM

Stealth rally from the low after open, 1610,

See that soft ceiling: 1620-1625, after busted, then it's all rocket fuel!
1640-1645 next resistance level.

QE ends, funds flow back to US market. US market should be bullish? And emerging market (like Bursa) should be bearish?

The problem is QE actually hasn't end nor has it tapered off. The market just anticipates that it "maybe" tapered off after Bernanke said that Fed "may" reduce buying last month if employment improves, that sent the market in panic, interest rate spike, bonds sold off, bulls became bears and everybody suddenly saying QE has ended..

Imagine, if Fed announces QE really ending. maybe we'll see quick KABOOM.

The funds will probably hoard cash and ready for another buy later if economy back to normal and healthy again.

This post has been edited by danmooncake: Jun 14 2013, 05:12 AM

Overnight, market really strong bullish close. But, I don't like this rally.

S&P 1,636.36 +23.84 +1.48%
Dow 15,176.08 +180.85 +1.21%
Nasdaq 3,445.37 +44.94 +1.32%

Hoping we'll get head fake and whoosh down tonight.

This thread is getting very bullish , goes far beyond 2500 posts ?

No way

Uncle Ben will come out and slaughter the bear again tonight

I also feel yesterday was a bull trap.
However, as market moves 6 months ahead of the real QE exit, guess the bear may not be too strong and it will get really tired for the draggy staying. This benefits the bull. By then, investors already empty with cash in hands, can't do anything except start buying back.

maybe you are right.
He likes to talk a lot lately, much more than any Hollywood celebrity.

Heh-heh.. Uncle Ben in Superman outfit. I'm sure some of you seen this:


Anyway, the whisper of a very remote 'tapering' spooks the market just barely about two weeks ago,
I mean, this is just talk only. No action yet by the Fed. You see how the market just reacts?

We're not even talking about ending QE, this is just their way to test the water and see if the economy is healthy
again and the Fed wants to reduce buying from $85bln to $75bln.. and just because this whisper only.
Even if interest rate rise (the Fed fund rate now at 0%), just it just 0.5% at most and that most likely won't happen until 2015 or later.

Everyone is fearing oh no, QE is ending, they going to raise interest rate tomorrow, stocks will tank and market will crash.

Then, now bulls are ecstatic again , it was just a bunch of talk, no action yet until we'll get more clearer picture from Superman_Bernanke next week.

Oh well, I just wish we got more pull back.. this isn't even a 10% correction.

This post has been edited by danmooncake: Jun 14 2013, 07:40 PM

funny why all red except DJ, and the difference is HUGE....?

ya, saw that photo and the writing, very funny.

if the economy truly recovering steadily by then, i bet the selling will more likely a correction instead of a disaster. However, i can see the sensitivity would be tremendous. A small fly also can cause 200 pts blood for DJ. Good for you lah, up down up down you can make millions from there.

This post has been edited by yok70: Jun 14 2013, 09:27 PM

Only Superman meh

I thought he is the King of technical , he can draw his own technical charts worldwide.

Wow.. the China general market is dying here.. take a look at FXI and GXC. Horrible slaughters continuing.
Something is really wrong over there.

yap, last few days blue chips falling quite a lot. Now touching the support area on XinHua 25.
however, mid to small-cap consumer stocks holds better.
i interpret that as FF leaving china market because of the bad data recently?


This post has been edited by yok70: Jun 14 2013, 10:29 PM