Despite the lower price of WTI yesterday, I'm surprised how bullish energy select sector (XLE and its 3x ERX) this week. Lots of ikan bilis from last week turned into groupers...

How to cut expenses? I heard BR1M for 2016 will be higher.

Malaysia govt somehow must have figured a way to get more money. Perhaps, PM got more "donations" from
the brotherly Middle East folks.

Aiyo.. now that I got Ringgit exchanged, somehow I don't wish it to be higher than 4.25 anymore.

True... if bought 3-4 yrs ago (or even bought most liquid assets like stocks/bonds), now would have lost money because of depreciated ringgit. Hence, I think that's why foreigners are continuing to dump Msia bonds once they've mature or try to sell them to break even despite got 4-5% yield.

Anyway, I'm in for long haul for my property in Iskandar Johor, hopefully, we've hit the low point in Ringgit depreciation here (above that >4.25 mark and below 4.50). If continue towards between 4.5 and 5.0, then it would take me another 5-10 years for capital returns.

Tales of two diff. companies operating differently in China.

IBM is in tough position. Probably started 2 years ago - all caused by China - Chinese govt decided to move away their services from foreign companies to go domestic, and recent slowdown.

Yum - still pretty good demand from Chinese consumers for their KFC and so forth despite some scandals.

Oil is weak again.. affecting XLE now. But, I think there are some ikan bilis opportunities here.

I think high 44 or low 45 will hold till this weekend. So, got a little of XLE options to play a bit but I'm watching that floor at 67.

Same here. but playing energy stocks only. 2 more days till expiration. I think it can hold, otherwise I own a bunch of shares.

But, I'm seeing good rally for XLE despite this "cap" of crude. It's above 45.
I think this weekend can get at least small grouper.

I just fish out half of the grouper and just leave the half short puts intact for tomorrow expiration.
XLE is doing good so far. It can go either way tomorrow, either zoom to 69 or retreat back down below 68.

It is rebounding... someone pumping it back up.

Dunno, it's very strange. Dollar also spiked up. Normally, it should be down.

Aiyo... took profits too fast yesterday.

XLE has turned into bigger grouper tonight. Only got two groupers left to fish out. Ahhh sheesh..

It's too bullish - unless the demand picks up again within two years, or nations around the world consume even more energy (fossil fuel). As for electricity consumption (going up-> yes)... but majority of electricity production aren't from fossil fuel.

This post has been edited by danmooncake: Oct 23 2015, 11:05 PM

Also MSFT, also pushing AAPL up. Very good for Nasdaq (pushing above 5K again) and for QQQ, QLD, TECL..

Both SP500 and Dow also follow along and breaking above the resistance line.
I think this may set the mark for end of year rally here for this month, hence double bottom confirmation for last month.

Time to Buy Buy Buy if there's any pull back..

This post has been edited by danmooncake: Oct 24 2015, 12:46 AM

2084 shouldn't be a problem. Also, the "W" shape has completed. The bulls have proven once again they're in control. The last few bearish events - Dow plunges 500+ pts in August because of Interest rate fear, China slow down and oil superglut within the two months as if they didn't happen.

Here's what I think this crazy market will do

If 3rd Q dips badly, market will go up.
If 3rd Q is good (or better than expected), market will go down.

Ikan bilis spotted again for energy sector.

Yes.. energy/commodities as always get attacked by bears first and even sp500 struggling to hold on to gains from last week.

I think crude can go to low 40s again and let see if it can hold there.

Got some ikan bilis... (xle @ 65.25) just right off the 50ma support level. Let's see if it can fill that gap.