but...


there are now many doomsayer charts, incl this one!





edit... fresh from the press... is correction coming or not?!



This post has been edited by AVFAN: Oct 13 2016, 03:49 PM

Does anyone here trade US market via CIMB i*Trade? If yes, can you furnish me with the brokerage fee table or something of equivalent?

I asked i*Trade via email but I was being redirected around with nothing conclusive.

call them, don't expect them to answer email.

briefly, for us markets:

per transaction, <rm100k, brokerage 0.4%, min usd25.
+ sell/buy charges + contract stamp + GST.
approx 0.5% total per buy or sell.

very costly to trade. buy and invest mid-long term, maybe OK.

about same with other local banks.




to trade, u gotta get foreign brokers, much cheaper.

see post#2 of this thread.

Hey thanks for chipping in. I've been with HLeBroking for a few years now but the calculation in their brokerage platform doesn't match the brokerage table that they provided me. It's been years now & still same old shit so was thinking of surveying around. TDA closing my US account doesn't help too.

i have used both cimb and hleb.

say, a case of 3 buys for same counter on same day, total exceeding min brokerage.
hleb will consider it as 3 separate buys, min brokerage slapped on each of the 3.
cimb will lump all 3 and consider total.

on the other hand, say u make a profit for a contra trade.
cimb will take fx on day u buy and then fx on day u sell, calc in RM, then send to yr RM bank account unless u call them.
if the fx's are such that they are against u, u still lose in RM even if there is profit in USD.
HLEB will deal only in USD, profit stays in USD.

platforms... realtime data... HLEB is cheaper/free than CIMB but... HLEB one is poor display, CIMB better.

so, both are not very good, imo.

This post has been edited by AVFAN: Oct 13 2016, 08:57 PM

Hmm... could be right.. we heading down first.

But, strangely, Oil still holding strong here. If Oil falls,.. I think we'll see deeper correction.

Let see if SP500 2100 here can hold or not. It was last break out.

Oil falls as US crude stockpiles rise by 4.9 million barrels, first jump in 6 weeks.

doesn't look like a major correction in the making.

will take an explosive event like subprime.

but, well... never say never...

that caused a 2% drop, then recover 1.5%.

will take 49 mil bbls to crash it.

the bulls are still buying the opec talk, it would seem.

Yeah no stopping oil, now even above the fall.

This post has been edited by zacknistelrooy: Oct 13 2016, 11:34 PM

It was a gap down at open but bulls quickly took opportunity to buy 'em back and push it back above $50 again.
I think it's short covering here..

Nevertheless, it's good too. Scalped a bit more. Just one more day to go.

er.. if U were with TDA US, U could easily move to TDA Asia (ie. SG) ma.
why bother with HLeB & iTrade?

FYI - i've HLeB, iTrade, OX & TDA Asia

I don't like the hassle of going through the whole registration again.

Yea, I know, that's a silly excuse since I ended up getting slaughtered by local brokerages.

Producer price index rose 0.3 percent in September vs estimate of 0.2 percent

Rosengren: Fed's balance sheet could be adjusted to steepen yield curve

Anyone else holding either NVDA or AMD? BABA's announcement on collaboration with AMD just shot AMD up by >5%. Gonna see if AMD will break $7 again & find support there.

Just out of curiosity, did TDA state why they close your account?

I received a few PMs asking the same thing so I guess I'm the culprit for making this a lil' too vague.

TDA was shifting APJ accounts over to TD SG so yea, I guess "shifting" is the better term here.

Still holding NVDA, will sell if it breaks 64.

AMD may need to clear 7.15 or it may stall here.

dow is up 1xx, but wti retreated and barely holding above 50.


what's coming?!

European close was at 11.30 so not surprised that they took profits after being up big plus Yellen speech is in the afternoon.

Dow has retreated from the morning surge... same goes for Oil but
it still holding above $50. But.. darn XLE can't hold on to $70.
Still got a few hours to go. We shall see.. hopefully the bulls will step in the last hour.