i think wti has a bit more to fall tmrw.

so, i kept 1/3 for tmrw.



now, to watch portugal-poland match...

i see.
i too lazy to apply foreign brokers....sigh! stick in expensive itrade

too costly to trade too much with local brokers, even on special deals.

IB is probably the cheapest - as low as $1 per transaction. but it's a cash account and limited to 3 day trades per 5 days unless account has >$25k. which is why i sometimes hold overnight. However, some people reported local banks now making it difficult for initial deposit TT.

TDAA is not as cheap but apparently easier to join..?
https://forum.lowyat.net/topic/3396549/+220#bottom

After 3 days.. it is like Brexit? What Brexit? Here we are again, as if nothing can stop this bull..

We'll have to wait for another scary story.

I think the Aunty Yellen needs to come out now and surprise the bulls with a .25 pts rate hike now.

This post has been edited by danmooncake: Jul 1 2016, 11:10 AM

thanks for the info.

long weekend ahead.

dow futures -50.

wti 48.

next stop... 47.50?

Oil seems to be flat but general stocks seems to be back to the same level prior the Brexit.
Risk appetite back on here.

If one fell asleep last week and woke up today, Brexit didn't happened.

dow lost about 5% in 2 days, regained everything in next 4.


crude... will be watching like a hawk after 1am.

Have u notice that eventho crude has recovered half its value from the demise prior to the Brexit,
the weekly trend for crude price seems to be pointing downwards here since the peak in early June?
Unlike the general market.. crude seems to be forming a lower high and lower low trend.



This post has been edited by danmooncake: Jul 2 2016, 12:26 AM

it has been trending down since it hit 52 on 8 jun, albeit the shock gyrations between then and now.

whereas dow is unchanged during the period.

i just think the bulls went overboard before that, pushed too much, too high with every little piece of positive news.

now, with brexit and no more supply disruptions, cold feet sets in.

i think it will return to 46 in the coming days/weeks but not lower.

$50 oil is definitely attracting rigs back to work.

BREAKING: US oil rig count rises by 11 to 341: Baker Hughes

oil bulls won't give up still......teasing 50 again soon?.....

will be touchy.

the rise was in the last hour.

dow been up 4 sessions in a row.

next week may see profit taking.

so, i think wti will soften, back to 48...?

Bought some SPY call options last week, sold out for a decent profit but far too early.

If I held them until Friday would have made 4x as much

Oh well, some profit still better than none

NUGT looks great on weekly

Congrats! That's right bro!.. some is always better than none or could be worse -
some sold out at the bottom on Monday on Brexit fears.. but with the central banks holding at extremely
low interests and some bond yields at NEGATIVE, money got no where to go but in stocks.
It is crazy... they're driving high valuation again.

it's only 4pm and wti had gone to 47.76.

lost 3% since closing last fri.

how low will it go?

will be fun tonight.

fun if you already hold some in your pocket loh....if buy fresh, hard to make money....

ready to push the button.

Here we go again... from almost 50 last week, we're moving down again to 45.xx
Same range play again.

Unfortunately, didn't get on the short side last week to hold for the long weekend but
will wait for opportunity again if we touch 45.xx one more time to get on the long side.