OT...
why are there so many kids running around at the NYSE ??

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Added on November 29, 2011, 7:54 amMonday Nov 28th
Dow 11,523.01 +291.23 +2.59%
Nasdaq 2,527.34 +85.23 +3.52%
S&P500 1192.55 +33.88 +2.92%

Huge bounce based on hope and weekend BlackFriday retail sales.. but I'm skeptical of this rally.
I'm keeping my PUT stop at 1225-1230 level.

But, holding on the AAPL long calls at 365 from last week.. pretty good looking chart for AAPL.

This post has been edited by danmooncake: Nov 29 2011, 11:44 AM

Do pm me if anyone of you interested in playing Penny Stocks.
I have a few DVD from timothy sykes (www . timothsykes .com)

Rally looks fishy?

I don't like the big gap up (caused by short covering).. but tonight we better have a follow-thru on 2nd day otherwise this rally is just another head fake to lure in the bulls.

This post has been edited by danmooncake: Nov 29 2011, 10:31 PM

Looks shaky now. Big Mac in the making

It is shaky... SPX needs to close positive if it can't conquer 1200 (big psych number for the bulls).

Traders are looking at Europe again despite better sales data and consumer confidence.

Tonight, the big US Airline American (Ticker: AMR) decided to file for bankruptcy.
What a gift to the shorts.. big 80% drop.

The bull is coming to Town

I would like to see more volume here.. not much tonight.
I think we still got shorts trying exit by buying up stocks that's all.

The bids aren't there yet to blast through the resistance area.
I think it may drop back down to fill that gap first before the run up.

This post has been edited by danmooncake: Nov 30 2011, 02:59 AM

Read that 16 out of 21 IBs in US predict Fed will offer QE3 earliest by 1QFY12.

I guess you wont mind the gap up on AAPL

Certainly not.. but if you look closely for AAPL. It actually has no gaps to fill.
Perfect for year end run up.

This post has been edited by danmooncake: Nov 30 2011, 11:33 AM

Yup, and the main stream media keep promoting AAPL

Cant be wrong holding it i guess

By the way, what a massive blast off from 363 -----> 372

This post has been edited by Myoswee: Nov 30 2011, 12:10 PM

american airlines (AMR) files for bankruptcy, shares down 84%, and currently price at USD0.26cents

Yeah.. already old news. AMR is already dead.

Anyway, time to jump back into risky trade.
The coordinated by the banks and the govt are pumping up this market. This is going to start the run up here.

Back into TNA and ERX for leverage up.

Still riding calls spread for AAPL... I'm hoping for 390-395 area price target to exit by Dec 16th.
Hopefullly, it can make it.

So S&P 1300 ?

Djia future shot over 2.5%.. China lowers reserve ratio for banks. Dollar falls sharply against world currencies.

Market now gaps above that 1200 line.
So, it will need to move up and break 1250-1265..that's the next resistance area.
Once that's broken, I don't see resistance until 1350 area.

Going to ride this up!!!

This post has been edited by danmooncake: Nov 30 2011, 10:05 PM

ready to ride

Pretty strong gap indeed.. much more than Monday night gap.

So be careful buying into open. Look for intraday pull back (usually end of the trading day or overbought conditions)
and sneak your in position.

Good luck to all! Let's all make money!