Hear comes the real santa

Wheres the christmas hat for smilies?

go go go! 1250.

Since Dan MIA this week

i will look into the crystal ball for him

I guess he will also say main resistance will be the 200day MA @ 1260

Lets hope this santa claus rally will last and top the October high @ 1292

Hey guys,

I'm here.. just went shopping during the weekend and bumped into Santa.
He apologized for being late. Something about one of the raindeer didn't want to cooperate.

Anyway, I think it is better late than never, right?

Last Friday closing was a let down for bulls..
even being a bear myself I can't bring myself to short at the floor when the indexes were all oversold.
Oh goodness... Anyway, I'm glad to see this pop.

SPX broke above the declining bearline at 1235 today.. so good to stay long side or buy this pull back.
Yes.. around that 200MA at 1258-1265 is where we'll see the resistance now.

Good luck to all and let's ride the long side for a couple of days and see how high it can go.

Hopefully the Europe side will stay quiet until after New Year.

This post has been edited by danmooncake: Dec 21 2011, 10:16 AM

Ouch!!!

Got stop out last night going long

Well i guess this will be my last trade for the year

I wish everyone Happy Winter Solstice, Merry Christmas And Happy New Year

See you guys in 2012

Same here.. got out on one trade.. one more to go. I think big Santa rally is going to be a bust this year.

Timeframe wise...santa may come or may not come!! Im still on long from 1235

I will cabut at 1250...if we get there. Not going to wait for 1260.
Above 1270, I'll buy back.

We're still held hostage by Europe. Anytime, they will release bad news, even during holidays.

Especially those rating agency

I have a feeling the downgrade on FrAAAnce is not priced in yet

So better stay away for the holiday season

1251.. that's it! I'm out!

Happy Holidays everyone!

You short or long

Kinda trading on very high frequency.

Miss your reports though, that is the bad news.

He waiting for bear to come back now.
But if it goes bullish he joining back at 1270.

You learn call + put from Mirriam MacWilliams?

I was long since last Friday.. rode down to Monday 1202.. added more long position around 1205 (near closing).
If 1200 breaks.. then I would have got stopped out. Thank goodness that rally on Tuesday.

Now, I'm at the sidelines.. not holding any options position, just commons.

We're bumping up against that 200MA line at 1259/1260. Most traders are selling ahead of this to book profits.
I did today..

Going to watch it.. if any signs of weakness (perhaps those MMs may try to make up bad news from Euro)..
then go SHORT.. make that ceiling top at 1259 stands as it - then, safe to exit around 1232-1235.
But, if Santa wants this rally to continue.. I'm waiting for 1265 or higher to go back into the long side calls.

Wonder makes you think that this market is rigged isn't it?

This post has been edited by danmooncake: Dec 23 2011, 09:09 AM

Here we go again

Top of the triangle

Approaching the 200MA

Short term Overbought

What'cha waiting for

The place in US where Employment is less than 1%, house sold within 3 days

Too good to be true

Will US economy thrive in 2012?

http://www.malaysia-chronicle.com/index.ph...-2012?&Itemid=3

This post has been edited by SKY 1809: Dec 23 2011, 11:06 AM

Discourage worker is not included in the unemployment rate
Having said that, as a long term investor indeed it is a good opportunity to buy some US stock now.

Some small oil booms are expected in US

IF US connects its pipe with Canada, then more jobs could be created.

see few pages but see alot long long short short around a figure 1250
curious whats that actually

SPX @ 1262......if not year end i will not hesitate to short it.....gotta give face to santa & year end window dressing... Loon!!!!!!! Stay away from the screen!!!

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Added on December 23, 2011, 12:50 pmS&P index......u can either short or long.

This post has been edited by danielc156: Dec 23 2011, 12:50 PM