Have a feeling that it will pull back tomorrow.

BYND 126.04 -42.06 -25.02%

There you go, easy pop, easy deflate.

Need to go back below 100.

Yes and No, I got them early, small position, exited now I sell the puts. The premium were expensive.
It better not fall below 110 by Friday, otherwise I get 'em.

This is a dangerous stock to own, just trade and go.

This post has been edited by danmooncake: Jun 12 2019, 11:38 PM

Oil tanker attacked, price spiking now.

https://www.cnn.com/middleeast/live-news/gu...intl/index.html

Just in time for bears to cover. We need to move back to 55 again.

Me too. I find it hard to believe that China wants their companies to be listed overseas yet they don't allow
their books to be checked and have two different accounting systems. That is why there's a lot of fraud, backdoor
and insider trading issues with the companies from mainland China. They said they move to Hong Kong. It's the same issue.
Investors in the Hang Seng are getting fed up with those fake numbers especially from those small caps companies.
Yes, themselves do not want to be listed in their own Shanghai exchange because of too much regulations. It's an irony.

BYND 150.11 +8.72 +6.17%

Lucky day.. BYND remains above that elevated level.

This thing is so fast moving. Will wait for the next dip to try again.

With exception of Dow and SP500, Nasdaq still got about +2% more to go.

Tomorrow is Fed day, market anticipating rate cut and I think Fed will likely disappoint
with no rate movement. then we'll get a pull back.

Next week, this extended meeting between Xi and Trump may end up with no deal, bam we'll go down hard again.

Dunno why, at this level, I feel bearish again. Maybe too early.

This post has been edited by danmooncake: Jun 18 2019, 10:56 PM

DT says he wanted to fire Fed. chairman Powell if he doesn't lower rate but he can't. Maybe just he can demote him.
What DT is wanting to do is dangerous, financial market will not like it and sell off hard if he does it.


https://www.cnbc.com/2019/06/18/trump-on-de...at-he-does.html

This post has been edited by danmooncake: Jun 19 2019, 11:50 PM

DT: I approve the US strikes.
Wall street friends of DT: Err.. not yet, we need to sell first, and buy oil and defense stocks
DT: Ok, I'll hold and wait.

That's why he changes his mind all the time. He waits till market high, wait for friends and family to re-position,
then send tomahawk missiles away to Iran.

This post has been edited by danmooncake: Jun 22 2019, 01:14 AM

Guys,

Another opportunity this week is the G20. Watch for Trump tweet again. Xi JinPing and him supposed to meet up but I don't think there will be any agreement at all. Bears will come out and play again.

This post has been edited by danmooncake: Jun 24 2019, 01:57 PM

DT can't technically devalue the US dollar. Only Fed and market forces can intervene.
Interestingly, the Dollar index already fell 3% this month in anticipation of Fed lowering the interest rate.

I'm hoping China will say no.. then Trump walks away again, adds addl 325bln tariff, bringing total to 525bln virtually everything comes from China. Market tanks.



This post has been edited by danmooncake: Jun 29 2019, 04:44 AM

Ahhh... geez. DT playing up the market again with his optimism and also the photo ops with KJU at DMZ.
Another fake rally for sure but have to wait and play scalp here.

Also, this week is shorten trading week. Traders take money off the table for longer weekend holidays.

With better Unemployment Rate for month of June, there expectation to cut rate should be diminishing now.

I think it's nuts to have something call insurance rate cut just to satisfy the market when
the real economy is not having an indication of a recession.

That's what I heard on the financial media. We all know what's an insurance is, something that we need
to cover losses in case of a disaster.

The market is expecting the Fed to provide a rate cut now (like an insurance) because it wants a preventative measure to avoid a recession sometime in the future but now this is an unlikely event given strong employment data.

This behavior will juice things up resulting in little ammo left when the real disaster hit.
Yes, it is crazy.. fundamental goes out for now b'coz good news is bad news.

Another problem is the US president himself is blaming the Fed for lackluster economic growth when infact his own trade policy is causing the problem.

So, if interest rate cut really happens, and equities fly up, I think we should sell into the rally and sit on cash until the equities comes back down from stratosphere.



This post has been edited by danmooncake: Jul 6 2019, 01:40 PM

Powell speaks..I'm selling into it.

This is becoming another most hated rally again.. general market is up, VIX is collapsing but small caps, materials, healthcare, energy and transportation not participating.

Not trusting this at all. Sooner or later, big mama bear will be out again.

This post has been edited by danmooncake: Jul 12 2019, 01:09 AM

I hope China won't budge. It's DT promises, not China. Coming out from the G20 meeting,
China already stated long road ahead again. Agree to continue discussion doesn't mean anything unless
it is a signed document. Trump will think of something to save face (maybe even abandon tariff) by year end if farmers can't take it anymore. China can wait it out till next year election if they choose to do so. They can persist a lot longer than US. Well, it's actually DT not US as whole per se. Majority of US doesn't believe DT anyway.

I think it's going to roll down soon.. Sp500 3000 will get rejected.