Trump is good at playing poker.. so, he may still have a lot of hidden cards (or fire power) within the next 30 days till election. Don't count him out yet.

I actually wish he could win... then, the market will go into shock mode and drop 10%.
Then, we go in and buy buy buy. After that, cooler heads will prevail, he like other presidents before him will succumb
political pressure.. and will revitalize it again with more QEs with the help from the Feds.

This post has been edited by danmooncake: Oct 12 2016, 12:23 PM

Still above $50 so far.. very good. 2 more trading days to go. I think we'll be ok here.

Of course.. it used to be the OPEC cartel has a lot of power in manipulating the prices of oil in the market
but with more and more non-OPEC can also turn up their production, any kind of gaps in supply, it can be easily filled by them. Nowadays, even OPEC members also cheat.. they can simply "yes" to we will halt or limit the production, they'll wait for the market to react with higher prices then in reality, they will put out a few more hundred thousands of barrels/day over the limit into the market. Most likely, no one will notice until it is too late. Suddenly, all the oil tankers are called in again, the oil traders will realize.. opps.. time to sell sell sell.

This post has been edited by danmooncake: Oct 13 2016, 03:53 AM

Well, the last FOMC news release seems to indicate that rate hike is off for now. So, less than 60% chance.

This market is also too dependent on the "rate" drug.. just a .25 bps. The world isn't going to end but
heck, the bulls will think as if the market will melt down.

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.

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.

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

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.

I see a range play between: 42-52 ($10 spread)

In here, there seems to be two levels too:
L1: 42~47.50
L2: 47.50~52

Probably a better trade area is around L1 range...or close to it.

Since I play mostly XLE, unfortunately/(or fortunately), it doesn't always correlate to crude price movement.

No, let's keep it a slow drift back down to $46 first, then talk it up.
Meanwhile, you should ride that DWTI right?

I'm going to wait for opportunity selling more XLE.

Both Dow and SP500 are near the last support, if it breaks down. I think there will be a major sell off soon.

This post has been edited by danmooncake: Oct 17 2016, 11:38 PM

I hope not perhaps it just gaps up to follow US general stock market after nearly oversold condition
but the bulls should take profits.. let's slowly drift down.

I hope to see more downside perhaps until after Thursday.

Ahh.. shucks. No pull back.
Continue to wait.

Oil still quite bullish. Maybe have to wait for good break out above $52.

$50 still holding strong here..

Going to buy this dip.

Wow.. I didn't login today to trade but my GTC order got executed once XLE drops below 69.50.
Hopefully, it will either stay here or go back up.

Still at low 50 (seems to be in red instead of green), but glad to see my XLE got the bump up.

Ah.. geesh.. it gave half back.

Crap..below $50 again.

Ok.. just gonna take a shot here and sell into the pop tomorrow.

AAPL to announce...will they beat and rip or crash and burn?

They're taking profits into the earnings despite beating a little.
Tomorrow, if can sell down to 110, got good opportunity.