The general market still bullish but not sure about AAPL.. seems it stagnant here.

AAPL now has accumulated 144bln in CASH so far.. sure they can sustain in profitability but the growth trajectory has slowed. The problem is because so many crazy people have unreasonably high expectation that AAPL is going to be like when it first launched the iPhone in 2007. Big wow factor back then...Now, they're disappointed.. that's why the stock price fell from the highs.
CEO T.Cook admits the outlook isn't as rosy, no new products until after 3rd quarter or so.. that's a sell signal but we still got some 'value' buyers stepping in at this level - which I think they will quickly give up this position, just like they gave up the $500 level.

Miners like FCX and TCK are bouncing back.. catching bids. As does gold.. but still way below the 1500 trap door when it fell thru.
Miner equip maker CAT also bounced off the lows..holding at $83.
Looks like China's commodity appetite is coming back.

Tech looking good too: GOOG, MSFT, AMZN, AAPL...

300-320 would be the classic technical H&S retracement from the top ..

If 300 that means AAPL completely lost all the 2011-2012 earnings.. all the sales of iPhones 4S and iPAD 3 as if nothing new has been created. But, I don't think big boys will let this happen and they will step up their machines to buy ahead of those numbers.

At 350-360, I think I'll see capitulation happen.

Do you believe history repeats itself? If so, then May-June-July will just be like last year..and the year before.

Wallstreet traders call this the summer swoon, or maybe this is just a self-fulfilling prophecy.

The reality is because the volume dies down..Majority institutional traders pack up their bags (sell the risky, hold the winners) and go for holidays and left the machines on to trade by themselves. Skynet will be left in charge. Hackers may take another chance to feed Skynet with false news to take it down..

Anyway, let's watch for opportunity.. if happens, then some of those stocks that you like to own will be on sale, then grab 'em.

I can hear a giant vacuum sound.. sucking in all the money from the investors.

Not yet... like yok70 said earlier, I think the big boys want to let them see 1600-1625 first.

The market is still pretty strong.. the giant vacuum is sucking the air on top of the chart... pulling a lot of money from sidelines.

Everyone who hasn't invested will be saying.. OMG, I missing it.. so they jumped in.. and when everyone piles in..
you know what happens next..





This post has been edited by danmooncake: Apr 26 2013, 09:35 AM

Q1 GDP tonight... let see if the bears can do their tricks.

Actually, now would be a good opportunity to trade it.. a dip here at -7%, back to 200ma support level.
Buy here AT 253-254, put a tight stop at 251.

Calls in play for AAPL.. resistance @ 428-429 possible, support @ 421.

Dips for gaming/casino stocks: LVS/MPEL/WYNN...
LVS set to report this week. Pretty high here already. If beat, possible 60s, if miss, 50s possible. 10% move priced by option market.

This post has been edited by danmooncake: Apr 29 2013, 10:32 PM

Playing a little AMZN for giggles.. in 252. holding tight stop at 251.

Got kicked out from AMZN 251..
but AAPL rocking up... 431, 10 pts from 421 locking in profits here.

I would think so.. need another day for a follow up after break up above the 50ma (433).
Last month, we got a head fake..(469).. then bam, fell right back down hard with lower low to 385.

If this fail.. we could see another lower low.. that's would be very bad for AAPL longs.

Most likely..so.

It's a crazy move but because the interest rate so low, heck, they would rather borrow money to pay investors dividends eventho they got TONs of cash on hand. Can you believe this?

Allright.. May 1st.. and so it begins! Red angpow..

Me too but.. can't be too greedy.

There was no follow thru overnight.. AAPL pulls slightly back to low 434 but remain closed above the 50ma (432) at 439.
The general market also pulls back with profit taking too.. so it's not too bad. Keep a tight stop for AAPL at 432.

If AAPL doesn't roll back down below 50ma tomorrow, I think AAPL can go to 469/470 before running into resistance.

What does "odd lot" means? Can you provide example?

There is no concept of "lot" for US market...
otherwise there won't be many people playing AAPL or GOOG. 100 shares of GOOG will cost you a car or house. LOL!

You can buy just 1 share of any common stock but for options, the contract is either 100 shares or 10 shares for minis.

You can sell any number of shares too.. it doesn't matter. The computers will match it and find various buyers who offers the bid to match your price and it will be filled.


Tonight, AAPL got the follow-thru... highs 448, all ready to blast off.

This post has been edited by danmooncake: May 3 2013, 02:58 AM

TDA also offers lots of free online seminar that you can attend. TOS is swiss army knife for trader.

UE numbers are good.. 165K and drops to 7.5%... BUY BUY BUY euphoria again..

SP500 1600 be pierced thru and achieved tonight....



This post has been edited by danmooncake: May 3 2013, 09:02 PM

1615... ka-ching!
It may continue to push up.. but time for me to lock in some profits in long positions and put some cash aside, letting
the rest trail.