The SP500 is a good BUY and HOLD. Over longer period of time, it will reward you.

Regarding all time high..Not just SP500, but Dow and Nasdaq too. All time highs for all 3 yesterday. Even small caps rallied.
SP500 2400 will be here soon. But, it may pull back down first and then, the late comers will jump back in, we'll have the next leg up.

Oil rallying now.... onwards to $55 again... BUY BUY BUY!

Been watching Yellen testimony with Congress. Poor Yellen, for some reasons, US Congress
is looking at her to blame as if she's at fault for everything that is not working with the
economy.

This is not an easy job...

Another good day for GILD... if you're playing this. It's back to the support price before the drop.

Another pharma play is TEVA.. I'm been waiting for the break out above 50ma.
It finally happened after 3 times hitting bottom around 31-32.

Stay long for this one too.

ooh.... the bears are gathering tonight.

Oh uh..I think it is SELL SELL SELL time.

For some reasons, sometimes commodity like Oil/Gold are leading indicators where stocks will move.
Oil down, gold up, then dollar also moving. Money shifting around by the big boys. Stocks moved up too high, they
will decide pull some off the table. You know, it's a like a wave.. when you see this, you can kinda predict what will happen
next. The only thing difficult to predict it how long it will last.

Guys,

Remember.. Monday US market is closed due to Presidents Day (definitely NOT for celebrating Trump-lah but knowing this fella,
he will claim it.)

This post has been edited by danmooncake: Feb 20 2017, 02:26 PM

Wow.. Oil moved up big over the weekend. Can't catch the opportunity here.

This post has been edited by danmooncake: Feb 21 2017, 11:55 PM

I'll wait till it breaks out before committing any money.
Don't wait to get trap here at 54-55.

Or cannot break out again, maybe one more time to roll back down to 50-51 area.

This post has been edited by danmooncake: Feb 22 2017, 04:49 AM

Nice... Oil retreating. Come 'mon bears. Push it back down down to 51.xx will ya?

This post has been edited by danmooncake: Feb 22 2017, 11:41 PM

Oil up... almost $55 again.

This week been very strange... while Crude been in same range and hitting the higher range,
Energy stocks been going down.

While the majors been hitting all time highs, small caps started retreating. Same goes for Transport.

I don't like this at all... it becoming disconnected. Have a feeling something bad is about to happen soon.

I think the bears are starting to gather.. it's about time since it haven't got any decent pull back since Nov.

The general market been up and up on "hope" that the Trump policies "may" benefit them
but corporate earnings been so so only the last quarter.

This post has been edited by danmooncake: Feb 26 2017, 05:30 AM

Waah... Trump just juiced up the market like crazy.

All excited.

This post has been edited by danmooncake: Mar 2 2017, 03:29 AM

Snapchat IPO tonight... Any punters?

Hopefully, it won't be like Twitter.

Oil down 2%....

Been difficult trying to trade the range of 50..55 here for Oil because oil services sector been under performing
the actual crude price while the general market been up and up after been juiced up by Trump.

Gotta to wait and see what's the next move after Fed meeting.

Yup! Gotta to be aware of it. It may or may not affect everyone.

If you think Death-Taxes is headache for non-residents, the death-taxes are NIGHTmares for US Residents.
For US residents, each state may also tax the deceased individual beneficiaries if it is not handled properly.

But, there are ways to put things in order (while you are alive) so that the IRS (Fed) and the Dept of Revenue (from local State) won't cause you much harm. Usually, this is for people who are millionaires.. (US total over $1 mln) but in some state, over $500k depending on which state that person was last reside.

Best is to consult the an accountant who is familiar with US taxation laws.