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USA Stock Discussion v8, Brexit: What happens now?
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danmooncake
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Sep 14 2017, 12:05 PM
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3 days of bounce from the low of $47, we're back to 49.30. It seems that 200ma at 49.60 could act as strong resistance for the bulls to break thru.
There was a false break out last month, all bulls suddenly turn into bears.
This time around, the volume isn't convincing either.
I'll just continue to stay on sideline and watch and see where it goes. May even try to short if US market opens and if general market takes profits early before the weekend.
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danmooncake
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Sep 14 2017, 11:08 PM
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QUOTE(AVFAN @ Sep 14 2017, 10:39 PM) wow.. unexpected, heck.. yeah. stop loss: $51, let see what happens. DWT at low point again.
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danmooncake
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Sep 19 2017, 11:02 PM
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QUOTE(oneeleven @ Sep 19 2017, 10:27 PM) Really hard to be patient. I followed a few that I wanted to buy several months ago but afraid, now up 20% :-( OK if correction brings back to buying price but some items can drop to -40% - faster than the wider market. Guess that's the risk and the "fun" of it! Sometimes, you just have to participate especially if it just the general market indexes (ie. SP500, Dow, Nasdaq) by doing dollar cost average instead of just sitting on sidelines and letting it flies away. Overtime, it will go up..but put aside some dough and go in big when it dives deeper when the market in panic mode again. This post has been edited by danmooncake: Sep 19 2017, 11:03 PM
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danmooncake
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Sep 25 2017, 11:00 PM
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Hot dang... WTI Crude at $51.
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danmooncake
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Nov 6 2017, 11:05 PM
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Finally, oil rocking bullish again.. $55.xx now. UWT finally reaching $20. Oh the decay really hurts this thing.
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danmooncake
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Nov 15 2017, 11:15 PM
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QUOTE(AVFAN @ Nov 8 2017, 11:56 PM) are you still at oil/energy?! i got bits of xle-oih-slb a few days ago, looking OK. with the saudi purge, qatari n iranian diplomatic rows, geopolitical tensions running high. my read, the hedge funds want to push it to 60 before taking profit. This mid-week is not a good week for bull. So, be bearish a bit. I think we're going to get a retracement till $52.50 a little bit more for the pull back. Oil ran up too fast since last month.
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danmooncake
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Dec 1 2017, 12:01 AM
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QUOTE(yok70 @ Nov 30 2017, 09:34 PM) give me more blood on tech sector please  The QQQ are still quite strong on uptrend. Waiting for it touch that 50ma line again for another opportunity.
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danmooncake
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Dec 1 2017, 12:04 AM
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QUOTE(johnnyzai89 @ Nov 22 2017, 11:08 PM) why don't you set a trailing stop loss to protect your profits. that way you can still win if the market continues to have a good run.. and if it turns, it hits your SL One caveat: Trailing stop doesn't work on two scenarios: Gap up/down days and large volatile days when algo can detect your trail orders and stop you out and went back the other way. I think best way is still lock in some profits whenever you can and come back another day.
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danmooncake
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Dec 4 2017, 11:52 PM
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Guys, superbull is back. Looks like end of year and Christmas rally arriving early.
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danmooncake
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Dec 7 2017, 11:50 PM
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QUOTE(yok70 @ Dec 5 2017, 11:43 PM) oh come on! tech stocks already rebounding today? just like that? where is my blood bath? was hoping another 5% drop  Buyers are hungry... also late comers. Any dips, more buyers until it reverses. As for the US tax plan, I think they've to consolidate both bills into one and get to the President to sign. May take another month of so.. I think we'll going to have a big pull back either at the end of the year or beginning of the year.
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danmooncake
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Feb 6 2018, 12:51 PM
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Finally, the bears are waking up!
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danmooncake
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Mar 15 2018, 11:08 PM
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QUOTE(icemanfx @ Mar 10 2018, 01:54 PM) JPMorgan Chase & Co. executive Daniel Pinto warned equity markets could fall as much as 40 percent in the next two to three years. His comments come as investors worry over the effect of central banks raising interest rates and rising inflation. “It could be a deep correction,” said Pinto, the bank’s co-president, in an interview with Bloomberg Television on Thursday. “It could be between 20 percent to 40 percent depending on the valuation.” https://www.bloomberg.com/news/articles/201...-equity-marketsNothing goes up in the straight line. Dr Doom says we were supposed to go down 20% last year... but didn't happen yet. The bulls saying we'll go up till Dow 35000 next year. Nobody actually will know until it happens. Many guesses, only a few will be right and then, they will be genius after the fact.
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danmooncake
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Apr 3 2018, 10:35 PM
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QUOTE(mikehwy @ Apr 2 2018, 11:44 PM) this thread is getting slow. .... crude finally declines. hope it touches 60. anyone? I'm watching it. Relative to the general market, I'm surprised that crude performance is actually better. But, the energy stocks are lagging way behind. The general market is going to test that 200ma line. SP500 already did, I think next will be Nasdaq and Dow. Opportunities are here if one is willing jump in early.
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danmooncake
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Apr 4 2018, 11:19 AM
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QUOTE(mikehwy @ Apr 4 2018, 12:18 AM) agree agree bro. i still think the indices were moving upwards a lil too fast. yet....it is green again today. i cant see much directions here. any guides? Yup, that's typical bounce back and there is a potential a bit more up the 2700 (for SP500) but I think the trend is forming on the bearish side down for rest of the month. A closed below that 200ma will confirm this. If all 3 major indices closed below it... then it will likely be all sell signals. The big four (F.A.N.G) tech stocks are showing bearish signs now.
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danmooncake
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Apr 4 2018, 10:11 PM
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Here we go... another dipping day.
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danmooncake
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Apr 5 2018, 11:06 PM
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QUOTE(mikehwy @ Apr 5 2018, 09:01 PM) US owes alot of money to china. Everybody owes a lot of money to China too.(incl. M'sia).. No choice, they're like World Bank now. This post has been edited by danmooncake: Apr 5 2018, 11:07 PM
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danmooncake
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Apr 5 2018, 11:09 PM
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Big huge turn around 700 pts from the lows for Dow yesterday.
But, watch for that resistance spot at 50ma.. I think they're going to sell into it by tomorrow.
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danmooncake
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Apr 5 2018, 11:14 PM
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QUOTE(mikehwy @ Apr 5 2018, 11:10 PM) the 500 ma..roughly = how many ay dows?? thanks in advance 24900-25000, looks like a sweet spot for resistance.
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danmooncake
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Apr 5 2018, 11:18 PM
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Back to Oil, yesterday, the inventory numbers were super bullish with the big drawn down but disappointed that it didn't move up much. Overnight, they sold into it. Now, hovering around the support area.
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danmooncake
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Apr 6 2018, 01:14 PM
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QUOTE(icemanfx @ Apr 6 2018, 12:48 AM) U.s tade war with china may increase inflation rate in the u.s and accelerate the rise of bank interest rate. China puts $50bln, US sees it, then double down and put $100bln to raise stake.. like playing poker now. Tomorrow, market sure red red.. This post has been edited by danmooncake: Apr 6 2018, 01:15 PM
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