Yeah, that's quite slow .. especially if the post wasn't to arrive. I'd prefer to do it by transfer

Anyway, spoken to them and apparently the funds were rejected due to the location of my bank (Isle of Man) as they're not allowed to have customers from there but maybe can accept fund deposits from there.

I'll use Maybank next time

Time to sell into the pop...

Midnite story (or rumours?) : -

Possible cause for the sudden depressed mood on Dows is a Wall Street Journal report that the Federal Reserve could increase the rate of its tapering (bond-buying la) by an additional $10 billion per month... meaning, Fed could announce further decrease in bond purchases at the close of its *bludy* Jan 28-29 meeting (Happy cny for some ...hehe?). This would reduce bond purchases to $65 billion monthly, probably starting in February – compared to $85 billion per month as recently as December.

HK market only rebounded less than 1%, already time to sell?

By the way, have you look at FTSE 25 Xinhua? Something is not right with it now..
China says they going to loosen up but market still not moving for them. I think they wanted to revisit the lows again like last year.

Yes, it's my regular monitoring ETF. One in Bursa too, the cimbc25 which is a xinhua 25 etf.
if it wants to revisit the low, that would be another 10-15% decline. My average buying price is at about current level.
it's now on the first support line....very hard to see if it would move up or down....but if looking at mid term graph, it seems more likely on the bearish trend....
however, fundamentally speaking, i'll just continue buying if it moves downwards considering that's a steal.

This post has been edited by yok70: Jan 22 2014, 01:02 PM

I'm tempted to play the FXI with option. Saw range bet for it with upside at 40, downside at 33.

Market is going red tonight.. ang pau chance is here.

I think next week will rally again ... bear just come out play play nia
whats your view on this red Dan?

This post has been edited by jerrychoo2004: Jan 23 2014, 10:43 PM

It is still a buying opportunity, just a small pull back here. Both SP500 and Nasdaq still strong, but DOW got nice pull back to the slightly above 50ma @ 16209, low risk buy here with stop at 16150.

my cimb platform will be able to trade US's ETF next week onwards on the NYSEArca. So finally I can short the market through inverse ETFs! Need your recommendations on those by then. In mind now are the ETF to long/short the US, HK and SSE index market, and also the Gold, crude oil and palm oil. Are these ETFs exist? There is no "deadline" on ETFs right? Can hold forever one right?

Yes, these ETFs exist. For example: FXI is US version of CIMB's FTSE 25 china stocks.

The bear share for FXI is YXI

For leverage play (2x),
The Bull share is: XPP
The Bear share is: FXP

Take a look at ProShares web site, they got other Bear/Bull and leverage ETFs for commodities, crude, etc.

Right now, I like to play XPP and FXP.

cool! thanks man!

damn, this apple really stubborn! where is my bear bear! party ruin by this Icahn!

This post has been edited by yok70: Jan 24 2014, 04:01 AM

That's why I sell the 530, 540 and 545 put.. that 50ma line is good support, and sold 560 call with my commons.

Next week - really dunno. If AAPL crushes earnings, then we could see a spike up above 580 line but if mediocre or slight miss..maybe below 530 but I think 500 should hold.

dows touching 16k v soon lor

Not too worry about Dow.. but take a look at Emerging Market index.. what a bear!

that bear triggers me to continue adding HK/china stocks....

I like FXP now.. since China is moving south again. going to cash out a bit here and wait for opportunity to take
some XPP later.

Blamed on emerging markets....for the bear run....

I think the bear may not benefit more than 8% from here for the China....?....

SP500 is trying to break that 1805 line. if successful, may test 1750 soon....?.....

just some wild guess.

This post has been edited by yok70: Jan 24 2014, 11:59 PM

Yes, next support will be 1750. Selling increased now..


Mid day snapshot..

FXI -2.20%

XPP -4.46%
FXP +4.70%

Also there...