We got better than unexpected UE numbers tonight.. so I'm going to sell some into the small rally here for the weekend.

It is like that lah. Cheap discount company will be taken over by new company. So, don't be surprise later if they jack up their commissions later.  So, if you don't like SogoTrade anymore, just don't waste time and send them docs.
Just close it and open another account.

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Added on October 10, 2011, 10:20 pmBulls are strong tonight.. 50MA taken.
Covering all shorts position! 

Let's see what's happening at Europe.

50% write down for Greece debt - What a gift to to Greeks. Get rewarded for being reckless in spending. 
The Greeks has a target of reducing their projected next year debt-to-GDP ratio of 170% to 120% by 2020. Do you think they can do this? 

The Euro banks need 106 bln euros in capital and needs to submit a firm plan by Dec 25. The EFSF got 1T euros in vault.  Who's next: perhaps Spain and Italy also want the same deal.  They'll probably want to same handouts.
The first step to fund this, the Europeans are going to China - begging them to buy their debt.

Now, market will continue to go higher, all pump up,... just turn on the printing machines.

So, no choice but to stay long for now.

Here's my thinking.. between now and end of the year, US market wants to go up but it is being
dragged by the crisis in Europe.  The bounce up from 1075 to 1290 was so quick and powerful that it
has left a lot of money managers scrambling to chase this up again on pull back. The pull back is almost as severe and quick on Monday and Tuesday and it just took the bears two days to pull back to 32.8% retracement level.
Two steps forward, one step back. But, the bias now is upside.

US corporates will continue to do business and majority of them as heavily invested in other emerging countries like Asia and Latin America and very little in that 'fug' up country in Europe and other PIIGs nations.

Big factor that will hinder US growth will still be US jobs, US debt, consumer spending/sentiments and US Fed monetary policy. US Fed is not showing any signs of tightening, continue the loosen monetary policy.. Uncle Ben got its finger on the printing machines. Therefore, US macro data matters more here. If we get slightly better than expected jobs report month over month, US market will completely forget about the stinking Europe.

Nov-Jan: Most of time, bulls usually dominate during this time, so I think history will repeat itself here. Not to say we won't get pullback or correction, it will so I'm watching for those 'overbought' conditions and ramps up when Puts are cheap as hedge to downside.

Good luck to all. 

Ripping profits... out of gate. Looking for small pull.. and see if this can hold or not before adding again.
Watching $USD, $VIX and SPY.  Watch out, dollar looks like it got strength.

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Added on May 23, 2012, 5:52 amUpdate:
Ka-ching...I've unloaded all my LVS calls for 28% profits. 
Going to wait and see what happens tomorrow evening.  The big boys in control may want this train to continue south.
So, I'm staying on sidelines for now.

FB - was watching it... touched the 30.x but not below 30 yet. Definitely going to happen soon.
The big guys are raping the small guys here. It's going to get real ugly.

Of course I did lose money. No one is perfect.  There are those bad trades that I have cut loses the moment it goes
against me.  09 3rd Qtr, I was down 15% - because I misread direction of the market, but made it back the following Qtr plus some gains. 

Biggest loses was my rookie year - 00-01 (dot com bust)... -70% 
Biggest gain was the worst year of the market (08-09) but good for bears... + 250% 

Not really in panic mode yet.. but I'll watch for a GAP down (yes, I would like that to happen) Monday evening, and if it happens, then I'll buy into this gap down.  My indicators are showing the weeklies and monthly into oversold condition already. It will bounce up soon then I'll sell into the rally for quick profits later. 

Everyday is a good day for trading at Wallstreet.. as long as the market moves (Up or Down). You can make money.

Still watching FB: 26.79.. new low so far.. still going lower baby.. just a $1.79 more to that $25 level. 

I'll wait...till the market gives me better signal. Tonight, I'll sell any rally if it happens. Now, it is just slightly up.

Look at the fiasco made by KCG. Their horrible software almost made another domino flash crash yesterday.
No wonder that's dive in the morning yesterday. They deserved to lose $440m or even more. 
http://online.wsj.com/article/SB1000087239...2083961412.html

On the other hand, FB hits new low here.. (20.63).  This thing is going death spiral. 

Yes, leverage thru GLL (inverse 2x GLD).  Up another 2% tonight!

Also, continue to play the short AAPL here... Very good nice tradable pattern. 

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. 

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!

wow. if repeat history, need to get back to 1500, that's another 40% to drop! 

Got a message about nasdaq too...

Becare ful, don't key in wrong order during this time. Dangerous!! 

IMO, Bear hasn't really come out and play in full force yet, just peeks its head and look around only.

I'm waiting for Sp500 to go below 1640 but it doesn't want to. Gone back above 1650 again.
But, bear seems to be attacking emerging market rather than US market. 

yes, including Taiwan, S.Korea, Vietnam, Indonesia, Latin American, etc...

Seems like for every time there is a -1% fall in US market, it follows by another -2% in emerging market,
when US market bounce 1%, emerging market bounce 0.5%.

So, the funds back filling the US market gap with the money out from emerging market area.

They're anticipating US Fed will taper its bond buying program, therefore less liquidity, stronger dollar, so
they're taking it out from elsewhere and feeding it back into US to earn more interests with better and stronger earnings.

The Sp500 companies earnings been pretty strong..this half year, SP500 already gone more than 15%, that's more
than the last full two years.

Taper or no taper, they're investing in US stocks. But they are tapering off elsewhere. The big boys are in control..