I'll be watching for capitulation and reversal opportunity tonight.
If China tanks.. US market probably lead the recovery once again.

It's attractive here for AAPL.. just 5 more pts to 95 for 52 week low once again.
Also for longer term, all 3 indexes now got more than 10% correction.

On days like this, if you're long. Don't get emotion gets in way. Stay calm.

But, if you're holding cash.. it is also bargain days (or be greedy when fear at its highest, look at the ^VIX).
Think longer term of you're into stocks. There are tons of those taken down
for not the same reason hitting China and commodity.

It's been quite some time since I last saw limit down from NYSE and SP500 future down 100 pts.

See.. sorta capitulation seen immediately at open with -1000 pts for Dow.

Got some here at DIA 151, SPY 184, VZ 39, AAPL 94
All long term hold here.

Don't panic.. long day ahead but we shall see if market can hold here by Europe close.

35?? Haven't seen that for a long long time. Maybe Lehman days?

This post has been edited by danmooncake: Aug 24 2015, 09:52 PM

If Fed delay raising rate (the probability lowered to 28% now) again.. I think the market will soar like rocket ship.

I think we were seeing a lot of forced selling right at open (those margin players) when Dow -1000 pts.

Anyway, I got tons of alerts and some auto-bot. Even wife called me at this hour and said add more to her Roth account.
She's my secondary stock watcher and buy and hold type.

Walau.. AAPL just regained all back to 105.

What a gift.

50% recovery from the low and let see if it stays here by closing, it would be good enough.

The currency buy/sell spread is quite wide despite the rout since last week. Eventho I see the rate at 4.25,
best rate that I got from my bank is 4.16 plus commission if I'm to TT over yesterday.
Maybe indeed need to wait a little further down to 4.40-4.50 level to see better real exchange rate.



That's the lifeline that they need. It's probably the right move since they got lots of room to maneuver since
they've been going the opposite direction of US Fed since 2011 to tame their hot property market and inflation.

Anyway, seeing lots of greens again for pre-market. Time to get some grouper meals here.

This post has been edited by danmooncake: Aug 25 2015, 09:02 PM

It's really hard to trade crude and also difficult to gauge the producers - like you've stated, which one will break first and waive the white flag, then we may get a turn around for oil price.

Right now, the small timers with most expensive cost are suffering. Also, we got the Iran situation - vowed will increase their oil wells to full production to grab back market share that was lost during the sanction years.
How low do you go to win? I'm sure both sides also suffer because margin so small already.

If like that better sell mineral water, right? Easier profits..

Darn. the last hour, everyone exiting. It's bull trap...

It's difficult to time the market. Just set a target and buy/sell some when it happens (like auto-trigger with gtc).

This week been quite volatile.
Gap down.. panic sell and buy, next day gap up.. retrace and fill. Tonight, gap up again - most likely will be the same pattern, take a few step back and fill. sp500/dow/nasdaq is forming like a pennant shape. I think nasdaq is likely to heal better than the other two.

It is still recovering.. can bulls muster enough strength to push back above 1970-1975?

The UE numbers are better that expected too (271k vs 274k expected) as reported by US DOL at 6:30am EST.

Omg.. so is XLE after being pummeled so badly since last week.

It's friday... after up so much, must take profit and keep some for weekend, rite?

This part is true. Not only US but in Singapore too. Much of the content now avail from Internet. Streaming is the new in-thing.
SmartTV or attached IP boxes allow it to be done easily with click on button. Heck, my old folks in M'sia also got those and they watching tons of programs from overseas. Who needs Astro?

Waah.. China again.

But, let's watch that 1925-1930 level for ikan bilis opportunity.

Aiyo yo... went out for last 2 hour.. came back after close,
Dow dip below 16k for a few secs and came back up slightly head above water only.

Almost -500 pts today.. This bear is getting fierce lah!

This post has been edited by danmooncake: Sep 2 2015, 07:54 AM

I have to stay out of energy eventho very tempting. Going to stay sidelines and see if last week low can hold on not for general market.