The UE number came in just as expected in the ball park range..
so not too hot for fear of interest rates rising now, not too cool for Fed to stop tapering.

I think market will smooth out here for option expiration day. Watch out for bulls to come back because
of short covering. SP500 may attempt take back the 50ma.

Waah... bears are out for real this time.

SP500 1920 to watch here tonight, if cannot hold another leg down below 1900 .. next week.

very cheap ... waiting for 1900 or a bit higher

s&p500 barely holding up. Gonna end my week early, manage to make some profit from the bear

Enjoy the weekend

Yup! Bears won this week...infact this month. July is the new sell-in-May !

lets see the bear can carry on the momentum

Looks like a good time to place some PUTS here to stop that raging bull Wish me luck lol

Be careful here.. time to place PUT is when market opens..spiked up to 1935.
The bears have covered at 1916.. now moving it back up to 1930.

The doji closing could be reversal..

Despite lots temporal bears attack, bulls still got lots of money on sidelines here. Feds are on their side.

This post has been edited by danmooncake: Aug 2 2014, 02:13 AM

Thanks for the advice Dan, am monitoring it closely now. The next 15-30 minutes will decide whether am going to cut-loss. Let's see whether there will be a slight pullback

weak bear.....

Bears taking a small break. A lot of them took the opportunity to cover and cash out the PUTs when SP500 drops to 1916..

The job numbers weren't that good and not bad either.. so it is neutral.
-5 pts from previous day is ok.

1916 is the intraday low on Friday evening. Bears have to break that low or if bulls push above 1930, then
bears got no more power.

Let's watch next week.. if 1916 breaks, then 1900.. and once 1900 breaks, it's going to be swoosh to 1850/60s.

Lot of bulls are waiting at 1860 level (that 200ma)

This post has been edited by danmooncake: Aug 2 2014, 08:08 PM

Thanks for sharing. I'm one of those bulls waiting at 1850.

The bulls are still very strong.. so far we got only 3% correction from the top.

At 1900, it will be 5%
At 1850, only 7%.
At 1800, it will be 10%. Between 1800-1850 will be good buy for mid term investors.

those who had bought wdc, congrats



This post has been edited by wdc: Aug 3 2014, 01:57 PM

hi guys, thinking to open a new account under etrade. Do you guys give real details like income tax and employee info in registration form? Thx

guys,

I want to buy Manchester United stock market. .

How do I start trading in NYSE? Any link I can refer as a start?

Tq.

Hi all,

I have opened an account with MB Trading in year 2012, but i have seen that now Malaysian is not allowed to open account with them.

I am not sure what would be the impact to existing Malaysian Account Holder. Anyone is currently having account in MB Trading, and do you have any difficulties in withdrawing the fund back to Malaysia?

Please advice.

Thanks
- Chee

TT more $$ to buy on weakness

I still have MB Trading account. No problem to transfer fund for me.

I think Malaysian is allowed to open account but must have US address now. I think 2-3 years ago, there must be ruling that foreigners must show US address or tougher regulations. That's why some brokerage refuses to accept foreign customers.

This post has been edited by danmooncake: Aug 4 2014, 10:15 PM

Just back from Koh Samui....man I did miss much on this bear plummeting