Sell the news! That's why.

But, I'm not worry'ing. I'm filling my cart.

Yaahh.. I need the market to sell sell sell...
Go ahead and push down!

Bouncing some back... going to rip the profits here!!! Hee Yaw!

Yup!

Basically, it is nothing new. No surprise actually. Fed won't increase rate till 2015. Fed won't take foot off pedal until mid 2014 next year or
employment stabilized below their threshold (market reads it as later end of the year).

I think this is just knee-jerk reaction based on what Ben has said. 100 pts move on Dow, just like that, excellent for scalp!!

This post has been edited by danmooncake: Jun 20 2013, 03:45 AM

Whee.. fireworks continue.. -200 pts!! Awesome!!

This post has been edited by danmooncake: Jun 20 2013, 04:05 AM

AAPL hasn't been behaving well lately. Sorta stuck in limbo here between 420-435.
The support at 418 must hold here, otherwise it could be big whoosh to the downside at 380.

It could trigger massive shorts if GLD breaks below 130. I could see a big upswing for my bear 2x gold shares (GLL avg 82).

I'll probably hang on and see what happens.

This post has been edited by danmooncake: Jun 20 2013, 10:54 AM

Wow.. I've took a peek at China data.. really horrible. Going to be a tough one for Asian market today.

Oh yeah baby!!! Nice!

Why sad.. at least it should be UP, right?

That's right.. so take the money before they take it away.

Dow Transport ETF confirms down 2%.. wow..

Darn it, wish I pull the trigger to short this earlier when we talked about possibly
transport decline later because of Oil movement.

Stay in cash and wait. KLCI seems be hanging by 50ma now. Let see if it can bounce off first.
If not, I think it may want to fill that gap to 1720.

Oh my.. lovely! GLL 98.93 +8.78 (9.74%)

but, should have play Bear Silver too..
ZSL 101.02 +12.77 (+14.47%)

This post has been edited by danmooncake: Jun 21 2013, 02:35 AM

Guys,

Do not be a hero and click BUY here.. momentum still going because the trap door below that support is broken.
Plenty of time here, let it settle down. Seeing a lots of forced selling at L2.

I'm hanging on to my bear shares for now..

This post has been edited by danmooncake: Jun 21 2013, 03:04 AM

Lots of blood tonight.. Dow lost 15k and SP500 lost 1600.
Bears are out in force here with -350pts lost on dow, -40pts for SP500.
Haven't see that for long time but I guess it's better than no time.

This post has been edited by danmooncake: Jun 21 2013, 04:47 AM

Hey Z! How's it going?

Brutal slaughter overnight.. bears are roaming out to play.
Goes to show how quick sentiments can change.

Anyway, watch for SP500 for triple witching Friday close tonight.
If SP500 can't get back above 1608-1610 in the next bounce up, there's going to another major selloff..

I'm going to SELL and SHORT this rally.

NFLX is one of those strong stock that refuses to die because of CEO pumping- tread carefully.
But, you can get your opportunity if it can dive below 212 (50ma bears line)

Better bear side to play during bears attack would be AAPL, FB, GLD, SLV all fallen into bear territory.
Bad girl LVS also recently fell thru. Lotsa of opportunity here.

If some of you who are short term trader like me, go ahead be brave to buy some for bounce tonight, which I expect could happen when it opens.

But, no need to rush in and buy for long term investor yet.

I do expect when SP500 bounces up,, that ceiling at 1608-1610 could force it back down with another rout of selling. This is where I would short and ride it down.

Then again, I'll have tight stops in place in case it doesn't happen.

Let see how it goes.. and hopefully everyone can make some money!

Lost $2 for my GLL since GLD is bouncing, not a problem. Holding my stop at $96 here.
If GLD goes back up to 129/130 and if it looks like it stalling, I'll reshort again.

This post has been edited by danmooncake: Jun 21 2013, 09:45 PM