Waah... Trump in trouble. So is the market. Bears coming out to play.

This post has been edited by danmooncake: May 17 2017, 10:57 PM

finally
i want more

This post has been edited by yok70: May 17 2017, 10:58 PM

Almost -300 pts... watching for day trade opportunity here.

Oil inventory is good. Both EIA and API numbers confirmed.
We're back above 49.xx now but kinda sucks if market didn't follow.

Luckily the two big orders that I set earlier since monday didn't match ... otherwise I'll be f***** like Trump.

I cancelled all my orders already liao just now. That means about 40% of my margin facility is still available to pick up bargains

But will wait and see for now.

Both SP500 and Dow could be a buying opportunity here at the 50ma levels.

Nasdaq is most bullish..still quite elevated. Wanting to see if QQQ can drop to 133-135 level.
It will definitely take more bearish news.

This post has been edited by danmooncake: May 17 2017, 11:12 PM

so fast? can't this bear last until friday at least?
the negative side is oil moving upwards, which may press down the bear power.

i like to see dow shed another 500 pts before i go back in.

oil...increasing uncertainty, more volatility ahead of opec may 25 meet.

current price, there is really little reason why some of them will agree/comply with extended cuts.

i'll look for entry points to go short.

Wow.. Dow -340 pts... haven't seen that for a while.

Both SP500 and Dow pierced thru the 50ma line.

This post has been edited by danmooncake: May 18 2017, 03:49 AM

cool run! let it continues for few more days would be nice ....

If it sells off at early trading again, I think the bargain hunters will jump back in.
I'm watching that 2340-2350 area for opportunity.

one more day can go below 2350 if bears not yet given up and bulls a little more greedy to wait longer to get in....

will need another "crisis" somewhere to push it down another 500 pts!

This post has been edited by AVFAN: May 18 2017, 09:57 AM

just wish those genius experts quickly find more excuses....

rebounding? could you just broke that 2350?

patience, will come...

some small crisis in brazil...
http://www.cnbc.com/2017/05/18/this-brazil...al-scandal.html

What will brazil scandal got to do with US?

Too many hungry buyers.. heck, I just jumped in and out for quick trade.
Just got 40c scalp from SPXL.

nice trade.
yesterday i got a little profit trading uvxy. but not much, since worried the bull may come back fast.

Opportunity to pick up some brazilian adr.

Legendary short seller Jim Chanos lambasted a "dysfunctional" Trump administration, saying the markets hope that Vice President Michael Pence becomes president.

https://www.bloomberg.com/news/articles/201...mp-as-president