Apple is being hammered and nearing a good entry point at 535-540.

Facebook starting its IPO at Nasdaq now at $38

Any reasons why did you say so?!

But the price definitely looks good now as it has climb up to between 41 and 42. What do u mean by 6% premium?

I'm looking for 20% below its IPO price ($38). ... 

Looking for that signs for the school of whales to come and swallow up. No signs of them yet.
I'll just swim along and nibble later. 

Closing for June 1st evening.

Dow 12,118.57 -274.88 -2.22%
S&P 500 1,278.04 -32.29 -2.46%
Nasdaq 2,747.48 -79.86 -2.82%

It's a sell everything for the weekend folks..
Even commodity like crude also getting crushed.
Oil 83.290001 -3.24 -3.74%

Helicopter Ben Show

Actually, he did the right thing. Stop short of saying we'll do the big QE3 now. Market pulling back
from the highs.. but still in green.  Ascending channel forming. Buy signal is still flashing in this channel but
remember to manage your risk properly by defining a stop below that rising support channel.

It will be real interesting to see what happens after this weekend.

Right now, we got a short term floor at SP500 1165-1175 and Dow 12035-12100.

Spain will ask for help.. if ECB says no, then more implosion on Monday for equity prices.

Also, another thing to watch is China! Yes.. China gives the shot in the arm yesterday ahead of Uncle Ben announcement.
The bulls got the adrenaline shot to power ahead at premarket open but quickly fizzle away just even before Uncle Ben appearance.
The speculation here is that China must have got a pretty bad data to be announced during the weekend, therefore they've moved ahead of the market. Both US companies like YUM and MCD have reported a major slowdown in China.. so the slowdown now has affected corporate profits.

If everything is negative, I think we could see a break below that floor. 

FB seems to have bottom around $25.52 (June 6, intraday low). Since then,
it's been forming lower highs... higher highs.

So, good spot to trade around here ($25..$32). If you're long, draw a line and put a stop
using the prior day low to manage your risk.

If you want to be long and didn't participate, I would wait till it falls back to the 20dma (currently at 28-29)..

Good luck to all! 

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Added on June 19, 2012, 8:59 pmGuys,

My buy alert flashes for AAPL, PCLN and AMZN. Also, watch for breakout for GOOG..
The techs (QQQ) are leading up this market.

FOMC mtg this week.. $SPX target is now 1350.

$SPX at 1363.. getting into overbought territory on intraday.  Going to ring my cash register here for quick scalp. 

Nope.. 1/2.

SHORTs are in play..  time to ride down with some PUTs.

Looking for $SPX 1320 - 1325 to exit in next few days.

Time to play the dirty banks.. going to try to trade some MS here.
Charts looking attractive! 

I think there're plenty of trading opportunity.. a bit of a bounce up today on no new news.. but i think
time to lock in some profits and hedge some. Next week, I looking for one more major move downwards into 1305 area.