The US market is gonna be bearish for the short term since DJIA support is already breached.

US is going to announce the employment rate on Friday.

Heard that it will greatly affect the share prices.

Ok, will read the more expert analyst.

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Added on October 2, 2009, 7:22 amI have hold back my buy order until further notice.

See what happen tonight.



This post has been edited by epalbee3: Oct 2 2009, 07:22 AM

Wow! Gone for 1 week.. came back.. stocks on sale..

yeah.. it is for sale, not buying now..
welcome back from holidays.

Duh, oh no. All super RED. Entered earlier.

welcome back sifu Danmooncake...

welcome back from the states~!
are the folks there still bullish or bearish

Bear comes when majority is Bullish.

Taxation
If you signed the WBEN form and you don't have any US address you will not be taxed in US both in capital gain and dividen.
Logicall if you declare the dividen in Malaysia you will be taxed in Malaysia.
The capital gain is not taxable in Malaysia today.
Interactive Brokers give the best tarding rate at $0.005 per share traded or a minimum of $1.00 per trade. U need to deposit $10k to open an account.
Other broker like TD, ThinkorSwim, Option Xpress, need jut around $2k to open an account but the trade cost at aroubd $10 per trade depending on the Volume or commulitive volume.
for comparison go to:
http://www.brokebrokers.com/compare-stock-brokers.php

hey rosdi are you still actively trading on the states markets? i just signed up with sogotrade but i'm worried whether it's reputable or not, have u heard of this discount broker?

did you find manage to find your pot of gold from the US markets?

Sorry I am not familiar with Sogotrade and I guess it should be ok. All share and share option brokers in US are very much regulated not like the Forex broker.
Your fund are deposited to a trust accont in the bank. If the amount is less than $100K it dhould be quite save.

I had not got my million in fact...I am still -ve in the US market.javascript:emoticon(':cry:')
smilie

I think if you want to be full time trader.. trading the FCPO and FKLI futures is still the best.

CIT is back from the brink of death from USD1.06 and is now trading at USD1.25 which is 18% higher than yesterday's closing price.

it is smoke.. beware.

Duh, DJIA will open with -50pts. My holding now already -400$ and counting..

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Added on October 2, 2009, 9:04 pmwow, all major names -3%. suddenly my portfolio -550 and dropping fast.

This post has been edited by zamans98: Oct 2 2009, 09:04 PM

Time to get the shorts out...
Where's danmooncake? He should be enjoying this.

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Added on October 2, 2009, 9:47 pmJob Losses Were Far Worse Than Expected in September

US employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine economic recovery.

Job Losses

The Labor Department said the unemployment rate was the highest since June 1983 and payrolls had now dropped for 21 consecutive months.

Analysts polled by Reuters had expected non-farm payrolls to drop 180,000 in September and the unemployment rate to rise to 9.8 percent from 9.7 percent the prior month.

The poll was conducted before reports, including regional manufacturing surveys, showed some deterioration in employment measures.

The government revised job losses for July and August to show 13,000 more jobs lost than previously reported.

Preliminary annual benchmark revisions, released together with September's employment report showed that total non-farm payroll employment for March would have to be revised down about 824,000.

Stubbornly high unemployment is viewed as the missing link in the economy's recovery from its worst recession in 70 years.

The economy is believed to have started growing in the third quarter.

Since the start of the recession in December 2007, the number of unemployed people has risen by 7.6 million to 15.1 million, the department said. While the decline in payrolls has moderated from early this year, companies are still not hiring on a wide scale, likely waiting for a signal that the economic recovery is sustainable.

Manufacturing employment fell by 51,000 in September, while construction industries payrolls dropped. The service-providing sector cut 147,000 workers in September, while goods-producing industries shed 116,000 positions.

Education and health services added a mere 3,000 jobs, while government employment fell 53,000.

This post has been edited by mH3nG: Oct 2 2009, 09:47 PM

I had run out 50% last nite and now happily 100% out.
It will be the start of another waiting game for me.
I will not move in until Dow make another 150 swing in a day.

what do you mean by "150 swing in a day."?

Example:
If last close at 9509.3 and at the end of the day the market close 9659.3
or the market had dropped to 9450 and close at 9600.

wow, DJIA recovering. Traders already anticipate a bad data yesterday.GS (Goldman Sachs) said earlier this morning that they also anticipated a bad data.

http://www.bloomberg.com/apps/news?pid=206...id=aLDj5Fgz5uYw

Goldman Sachs today said the economy probably lost more jobs in September than it previously anticipated, citing 'disappointing' economic data, including the number of people receiving jobless benefits." Firm now pegs tomorrow's nonfarm number at -250K vs. a previous -200K and consensus of -175K.