AAPL finally being squeezed out in break out formation. 

Let see if it can break out from 550 first..and test the next resistance @ 600.
$50 move at a time.. zig zag every month.

Or.. will it get knocked back down from 550 later.  The 50ma at 530 is good support here.
Late buyers will come in..

Bear on rage  All from green turn red 

FB... GOOG... all back to Jan lows.

TWTR <- ugly
LNKD <- whacked it again if it bounces back up 198-200 level.

You know what's strange?

The one that is actually working when everything is bad for month of March is actually FXI.
I left this alone, this one seems to work on its own. 

Added more XPP (2x of FXI) when around 42.. now we're back to 48 again.

Sold the April 50 calls to get some extra premium for next month. 

S&P repeating this week trend. Bull start off den bear take over   but today bear not that strong compare to earlier days of the week.

Very nice strong up day for FXI (+2.11%), XPP (+4.15%) 

Chinese banks bouncing...

I'm staying in cash, more opportunity later.

Uhh just read that GOOG stock split; with Class A stock (voting rights) trading with GOOGL and Class C stock (no-voting rights) trading with the same ticker symbol GOOG

For more info,
http://blogs.marketwatch.com/thetell/2014/...in-stock-split/

I think they value it differently. coz if i not mistaken i read it somewhere that if class c (goog) stock price trade lower than 1% compare to class a (googl) by next year, than google will compensate class c shareholders by paying them 'n-times' of the 1% difference.

The beginning of the Kaboom!!!

Take a look at Nasdaq! 

I think Monday should re-bounce a bit.. then bears can attack more. 

Take a look at QQQ ETF.. (Nasdaq 100).  One big candlestick pierced thru 50ma.
Volume is super big today. All tech stocks - high flyers and momo get whacked.

Need -3 pts to test Feb low.

I also wish that too. But, sometimes got to be realistic because this market is still bullish.
Minor correction here and there only.

-10% means SP500 has to go down to 1700, Dow has to go down to 15000, Nasdaq to 3900.
That would be slightly below Feb low.

I think as long as one of three generals (Sp500, Dow or Nasdaq) stay above 50ma,
it may be tough to push this down.

That bounce point is that 50ma line. Nasdaq is already broken but Sp500 and Dow still got chance. Watch this next week.

Then, there is also that YTD benchmark thingy... a lot of side money wanting to pounce this market since they missed the Q1 move. A lot of people are under invested, and they'll buy whenever it touches those bounce points.
I think April/May certainly got some opportunities.  Keep powder dry.. keep cash ready. 

Testing short term ceiling at 1850-1852, a strong break thru or close here, we could see higher prices tomorrow.

Nasdaq and Dow also rebounding.

50ma support is working. 

Anything is possible. Right now, it is in the middle of the band.
Will it go up 50pts first or go down another 50pts to 1800? 
or..halfway there.. 1875 or 1825?
But, long term trend for SP500 still intact. We'll see a lot of buyers if it can retrace to 1800 level.