already having my 'position' and getting ready to run!!! hehe ....

Superbull spotted today

This post has been edited by SKY 1809: Dec 1 2011, 01:10 AM

Closing for crazy "bull" End of Nov
Dow 12045.68 +490.05 +4.24%
Nasdaq 2620.34 +104.83 +4.17%
S&P500 1246.96 +51.77 +4.33%

Market closed with a huge pop to score positive for November..

This ride isn't over, got more swinging...to play.

i've bought 2000 shares of AMR at $0.42, pray for me

haha, more like bullsh|t. only mega counters move, most counters are still lower than 3 month ago.

You are brave! Good luck to you.

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Added on December 1, 2011, 9:58 pmIt is a BS rally.. this market is very short term. I suspect by Friday, we'll sell off into the job numbers.
Time to lock in some profits tonight.

This post has been edited by danmooncake: Dec 1 2011, 09:58 PM

So fast rally finish ?

aye, agreed. U and me watched this drama since 2009, where sometimes almost zhun prediction of ups and down.

5 minute into the market and we're down -26pts and counting.

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Added on December 1, 2011, 10:36 pmwhen waz that? today only 0.3571

This post has been edited by zamans98: Dec 1 2011, 10:36 PM

Friday premarket:

Futures looking good.. UE came in at 8.6%, non-farm payroll at 120k (Nov) vs 100k (Oct).

AAPL touched 390, LVS touched 47.. so, I'm going to lock in some profits tonight.

Keep watching you making money. I bet you'd learnt this skill from the hard way too. Now is your fruitful time! This long lagging volatile market is your perfect war field to earn tons of gold! I bet you have another 2 years or so to approach multi-millionaire status, next time will see your name on newspaper.

Market still overbought

Lets wait for retracement to enter again

Time to short again

Closing for week of Nov 28 to Dec 2nd
Dow 12019.42 -0.61 -0.01%
Nasdaq 2626.93 +0.73 +0.03%
S&P500 1244.28 -0.30 -0.02%

What a week!

See what I meant by sell by Friday.. eventho we got better job numbers, they don't seem convincing enough for
many traders to stay long through the weekend. You never know what kind of stuff may come out from Europe over
the weekend.

Had to ring the register for my AAPL calls spread.
Got some 360 Dec calls spread when it was around 370 last week, cash out 390 at open.
20 pts move, translated into 43.75% gain for options play.

This time around, the bulls took one week to gain back what the bears took almost two weeks to drop.
I think the bias is still to the upside for now and the next week is for the bulls to make another attempt
to break the 200MA at 1265-1275 and stay convincing above there for at least 3 trading days.

If it can't do it, I think this so called end of the year rally may be a bust.

At this time, I'll stay nimble, prep some cash to buy breakout, buy some protective puts for long positions
or sell some covered calls which will expire in 2 weeks to get some extra cash. I am not outright shorting at this time.

Good luck to all.

This post has been edited by danmooncake: Dec 3 2011, 11:51 AM

If that is your choice

Good luck

Waiting for break out. Not there yet. Ready to just add some puts position at high of the day and exit by closing to scalp.

Play range for this week: SPX = 1255-1275

Come 'mon bulls.. push it high.

Buy buy buy bye bye bye!!! Panic Bye!!

Hiya.. volume is weak. I think we'll sell off by closing again.
Going to play a little short here..

So Buy or Bye ? Hahahaha..

Good Bye should be soon.. Then will be continued with some series of Good Buy

looking at today's chart, almost straight line. No up, no down.
closing? only time will tell.

Actually, It was a good day to contra (at least for me).

Loaded up some puts at around 1265.. exit around 1250. ~15 pts gain.
Classic end of the day exit, the run back up to 1257 is short covering.

Repeat tomorrow.. then by late Tuesday session or early Wednesday evening session, I think we'll sell off.

Getting ready for MM to take down the market with more bad news.
First shot across the bow:
http://blogs.wsj.com/marketbeat/2011/12/05...-put-on-notice/

This post has been edited by danmooncake: Dec 6 2011, 06:32 AM