I don't know about QE non-event - maybe yes, I think market tends to bake that in.

Over the weekend, I've looked at the breakdown in biotechs.. oh man.. lots of good opportunity to short on next bounce.

This post has been edited by danmooncake: Apr 7 2014, 10:56 AM

SP500 going test 50ma soon (1840).

Wait lah... 1840 still holding up. Once 1839 breaks.. then only go SHORT to get more money.

I want to see some bounces here.. also want to be a bit bull to grab some money on oversold condition.
So, I'm want to play this bounce.

This post has been edited by danmooncake: Apr 8 2014, 11:46 AM

Dive to 1837...rebounded.. hold off the floor at 1840, bouncing to 1848.
50ma is a good spot for bears to cover some and longs to step in some.

Hold it here for 3 days till Friday!! Let me get my premiums!

This post has been edited by danmooncake: Apr 8 2014, 11:06 PM

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.

This post has been edited by danmooncake: Apr 9 2014, 01:22 AM

Bulls also scare... so, tip toe up and down.

I want to see bulls at least get to 1870-1875 area, then get whacked down.

This post has been edited by danmooncake: Apr 9 2014, 10:15 PM

No, not tech sector alone.

It's supply and demand. We got 5 days of supply above 1860.
All those who are trapped above that level is selling into the buyers at lower level.

If bulls can overcome 1860.. 1860-1875 range should be next.

The 50ma is acting as good support for bulls.

The real bull now is in emerging market after been trashed early this year. Unfazed by Sp500/Dow/Nasdaq choppy moves. Both EEM and FXI being showing signs of very bullish move and still going.

My XPP now has gained 15%. Can it hold this level till next Friday? I hope so...

Waah... bulls really got whacked down at 1872..right at open.. close enough.

Ok.. wanna to play double bottom at 1840 level? If so, better put a very tight stop at 1836.

If break, means SHORT SHORT!! to 1800..

This post has been edited by danmooncake: Apr 11 2014, 01:39 AM

Red red day for US stocks.. but FXI, EEM, XPP all holding up!

No risk, no glory.

Buying here risk is lower but next leg up (if any) is lower. 1855-1865, bears will attack.
But if 1840 breaks.. bears will pile in. So, must respect a stop.

Growl!!! I can hear 'em bears revenge for past rampage two days.
Bulls better stay aside and hide now.

This post has been edited by danmooncake: Apr 11 2014, 03:34 AM

Well, SP500 closes below 50ma for this time.
Bears put their foot down here as marker and drew the line.

Nasdaq already busted, way below.....

Only surviving general is Dow. Just slightly above it. If tomorrow it falls below, we will see more momo selling.

This post has been edited by danmooncake: Apr 11 2014, 04:09 AM

I'm all for it! Let's go!!!

So far, the only one working on the choppy bull/bear market is emerging market and china.
But, I'm not sure it can sustain long enough. Eventually, the lower tides will affect it too.

So, for the weekend, I think it's time to take some profits after such a good run here and leave the rest on trailing.

Waah... forced selling at the open. The machines automatically dump stocks here.
Be careful catching falling knives. Stay in cash... and be patience.

This post has been edited by danmooncake: Apr 11 2014, 09:32 PM

SP500 1820... nice! Got my price.
Exited and now looking for bargain.

Nasdaq 4000 holding here..

Dunno, only M.Zuckerberg knows.

But, I like FB if price can get to $50. More correction is needed. Let's get down there!

This post has been edited by danmooncake: Apr 11 2014, 10:21 PM