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USA Stock Discussion v7, Greece Debt Crisis!
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yok70
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Jan 26 2016, 12:53 AM
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QUOTE(danmooncake @ Jan 26 2016, 12:42 AM) Somehow I think Oil is the leading indicator for stocks (SP500, Dow, Nasdaq) now. When Oil falls, stocks also fall and they all follow. The majors (SP500, Dow, Nasdaq) shouldn't do that but because of all the "programmed" functions, they just do until they diverge out. At this moment, the close correlation is intriguing. yes, they were programmed. So, i also agree that market is "misunderstood" at the moment. There are lots of opportunities if we grab the right cake.
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yok70
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Jan 26 2016, 01:15 AM
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QUOTE(AVFAN @ Jan 26 2016, 01:03 AM) i way i see it, oil is now driving the indices; has been like that more often than not. the oil-usd-china/rmb-stocks relationship does look very tight, everyday. there is surely a physical oversupply situation. add saudi saying they are investing more, iraq reporting record production and iran coming online, that is a dreadful concoction. the shorts retreated on fri but are now back in full force by the way it is looking. yes, some marginal players need to exit. if petronas breakeven is really about 45 as speculated, it will get into trouble very quickly. in additon msia export more gas than crude. and gas is in worse shape than crude. which is why it will be interesting to see what the budget revision will be seen on thu 28 jan, particularly what new oil price will be assumed from original 48. oh boy. from what you said, our index may hit 1500 soon.
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yok70
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Jan 26 2016, 02:28 AM
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good to hear that. i wish a good CNY rally coming, i can cash out some stocks. holding too many stocks at the moment.  actually, the most i wish is CNY rally on china/hk stocks. I have heavy weight on them now. This post has been edited by yok70: Jan 26 2016, 02:29 AM
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yok70
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Jan 26 2016, 03:10 AM
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sold all dwti at 331. loss from previous 4.5 iphones into 3 iphones. Bad trade. time to take a rest. This post has been edited by yok70: Jan 26 2016, 03:12 AM
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yok70
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Jan 26 2016, 03:40 AM
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QUOTE(danmooncake @ Jan 26 2016, 03:30 AM) Psst.. have u consider trading AAPL directly since you're iPhone fan? So far, the range is good. Buy at 95, sell at 100. Can get $5 each for each round. Works twice already. Earnings will be out tomorrow, I think volatility will be moderate too (5% up/down) but not as scary as DWTI. apple always in my watch list. also waiting for it to go back 95.
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yok70
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Jan 26 2016, 08:15 PM
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QUOTE(AVFAN @ Jan 26 2016, 05:42 PM) given what we saw in the last few days, we can be sure the roller coaster rides will continue - crude and stocks. even a simple event can spark a U-turn... oil turns green now! unbelievable.
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yok70
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Jan 27 2016, 12:04 AM
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QUOTE(AVFAN @ Jan 26 2016, 11:40 PM) will be interesting if it breaks above 31.40. looking coming 33-34.....
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yok70
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Jan 28 2016, 03:24 AM
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oil above 32 now....bullish....although not strong. looking at 33-34...
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yok70
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Jan 28 2016, 03:25 AM
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QUOTE(mikehwy @ Jan 28 2016, 12:21 AM) me out, 295. lost again. enough i loss 3.5 iphones on oil trading since last week....i'm still a bad trader.
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yok70
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Jan 28 2016, 03:51 PM
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QUOTE(AVFAN @ Jan 28 2016, 09:47 AM) brent 33, but wti 32. doesn't look like it will get past 33-34 easily. add fed's spook, china still declining... more roller coaster rides coming.  china is tricky....very tricky....can up or down 50% in weeks! i'm taking about blue chips stocks, not small caps. This post has been edited by yok70: Jan 28 2016, 03:52 PM
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yok70
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Jan 29 2016, 04:19 AM
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wow....oil bull really coming....
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yok70
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Jan 29 2016, 03:41 PM
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34 looks like a non-issue now.  RM quietly rebounded >6% in few days. This post has been edited by yok70: Jan 29 2016, 03:42 PM
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yok70
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Jan 29 2016, 10:48 PM
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QUOTE(AVFAN @ Jan 29 2016, 10:35 PM) 35 resistant might be very strong...
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yok70
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Jan 29 2016, 11:35 PM
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QUOTE(AVFAN @ Jan 29 2016, 11:33 PM) Oil pulled back slightly after a Reuters survey showed OPEC oil production jumped to its highest in recent history in January as Iran increased sales following the lifting of sanctions and its rivals Saudi Arabia and Iraq also boosted supply.
the bears just won't give up.
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yok70
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Jan 30 2016, 01:04 AM
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QUOTE(AVFAN @ Jan 30 2016, 12:46 AM) bear bear... Oil falls; Iran says it won't agree to output cuttime for 24-26 once again?  but index still up, now it detached from oil price?  ...ok, got it. It's stimulus hope from weak GDP. Once again, bad news is good news is back to play. This post has been edited by yok70: Jan 30 2016, 01:14 AM
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yok70
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Jan 31 2016, 04:55 AM
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yok70
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Feb 1 2016, 02:58 AM
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QUOTE(AVFAN @ Jan 31 2016, 12:02 PM) this part is interesting: while rig count drops, inventory is building - production is NOT slowing! may be the reason brent is now back to a $2 premium over wti. very fluid, all kinds of arguments, all kinds of shorts and longs = heart attacks. i think i will now stay away from 3x or 2x leveraged counters, stick to slower moving ones...  ya, the 3x definitely has much larger than 3x risk than the 1x.
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yok70
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Feb 1 2016, 04:21 PM
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USO is a 1x long crude oil with good liquidity, wondering if there is a 1x reverse? I only found 2x and 3x reverse.
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yok70
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Feb 1 2016, 09:38 PM
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QUOTE(AVFAN @ Feb 1 2016, 08:27 PM) i don't think there is. only way do uso inverse is to short uso itself!  aiya....i don't have access to play options.
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yok70
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Feb 1 2016, 09:39 PM
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QUOTE(mikehwy @ Feb 1 2016, 08:50 PM) crude price tanking since 7pm local time. perhaps stories again?? perhaps time to revisit 26....and then break down....
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