ok... they're giving it back tonight!!!

Psss.... Look at crude oil

So close to 100

This post has been edited by Myoswee: Jun 14 2013, 11:21 PM

inflation?

looks like everyone is uncertain. mild red only, not our likes of -10%.

Yes.. . but have you notice that Brent Oil price coming down but WTI Oil going up these past few months?
The spread is narrowing finally, sooner or later, they may cross each other.

Is the spread between Brent Oil and WTI oil do indicates something? hope you can shed some light to amateur like me.

This post has been edited by foofoosasa: Jun 15 2013, 02:49 PM

US imports less foreign oil now. More local production and consumption. Watch transportation stocks.. I think they're going to earn less in the coming quarter.

FDX? with strangle?

Err.. nope. You can't send Oil via FDX.

I thinking more like railroads than package delivery companies.
eg. CSX, CNI, CP...

Tonight, market continues upward with anticipation that Uncle Ben may help the market by Wednesday.

Tomorrow SHOW TIME!!

In contrary, I expect not much drama will be happen though I hope so


This post has been edited by foofoosasa: Jun 18 2013, 06:04 PM

The meeting starts tonight, the press conference starts tomorrow. If there is anything to do, position yourself before the press conference.

Overnight, the market was freaking out when some bloke from Financial Times published that "Fed likely to signal tapering move".. immediately Dow lost 150 pts from the top the last two hours before closing. Then, he re-tweeted.. "people just needs to chill out, the Fed does not leak out anything".. then Dow gained back 50 pts. Insane, huh? This is a very news driven market.

bull still rules for now.

No drama , still close eye and hold blindly work the best.

this is no manipulating the market? oic is unintentional news .....

*deleted*


This post has been edited by countdown: Jun 18 2013, 10:52 PM

Market is cautious here.. FOMC meeting underway, probably won't see big move until Uncle Ben appears tomorrow.
But, any leaky news could cause a knee jerk reaction from the market.

Is it cautious? But I see green. And gold down even.
In local Bursa today, I see strong support and buyers.
My wish for that big fat bear may not appear.

Seems like you didn't holding much stock currently? 70% ++ in cash position?
I am sure correction will be coming soon, Even bull need to take some rests for weeks.

not really. I actually bought some shares recently, cash from 50% post GE to 45% today (stocks from hk, us and malaysia). Mainly shooting "undervalued" stocks. For these kind of stocks, it may revalue 50% within few days time. By the time market really correction, maybe only drop 20% or so, still earn (hopefully).