Some weekly report for you guys.

suggest, base on ur experience currently, pick 10 onli to monitor / paper trade over 6 months
it would be best, if u consider to upgrade knowledge & skill, if u wan to. otherwise, no prob staying where u r

then, monitor those 100 stocks, imagine u r fun manager & can hold 10000 units of each of them
since all FA info available in TA chart, at tis moment, tis r the top stocks in usa
also u need be update by urself, on its news via yahoo finance, be hardworking a bit la, if u wan to...
after 6 months, report to tis thread & lemme know tq

a- which stock do roket
b- which go longkang
c- which allows u do a lot of swing trade
d- which tidur

here we go again, roller coaster ride since cheap dollar is stil hanging around, u know wat to do

http://www.marketwatch.com/story/do-weaker...ling-2009-11-22

http://www.marketwatch.com/economy-politic...endars/economic



WASHINGTON (MarketWatch) -- After several months of improvement in housing, manufacturing and sales, the U.S. economic recovery appeared to sputter in October, leading investors and analysts to re-evaluate whether their forecasts were too rosy.

The economic data to be released in the holiday-shortened week ahead could provide a few more "what-were-we-thinking?" moments. All in all, though, the data shouldn't kill hopes for modest growth while we wait for the private sector to start hiring again.

Last week, a "reality check" rippled through the markets following weak data on housing starts and industrial production, said Nigel Gault and Brian Bethune, U.S. economists for IHS Global Insight. They expect further "mixed and somewhat ambiguous" reports in the coming week, but, on whole, they say "the evidence is still positive and continues to point to a nascent recovery" that will need "strong policy support" for some time.

Housing
Even four years after the peak, the state of the housing market remains central to the medium-term outlook.

Construction, sales and prices picked up over recent months after hitting generational lows, boosted in part by federal policies and in part by improvement in some of the fundamentals. But the weakening in the October data ahead of the anticipated expiration of the federal home-buying subsidy has put the strength of those fundamentals to the test.

The home-buyer tax credit, of course, has now been extended and even expanded. But buyers and builders didn't know that in October.

Last week, we found out that builders cut back on permits and starts on single-family homes in October, in anticipation that the tax credit would expire on Nov. 30.

This week, we'll get October data on sales of new and existing homes.

Economists surveyed by MarketWatch expect sales of existing homes to rise about 3% to a seasonally adjusted annual rate of 5.74 million. It would be the highest sales rate since June 2007. And it would reflect some sales of buyers rushing to get in ahead of the Nov. 30 deadline. Existing-home sales are recorded at closing.

By contrast, sales of new homes are recorded when the contract is signed, which is at least a month and often much more before the sale closes. To close on a sale before Nov. 30, a buyer would have had to sign contract in September or early October at the latest.

In part because the deadline would have passed for most buyers in October, sales of new homes are projected to have declined about 3% to a seasonally adjusted annual rate of 390,000, the survey says. Sales of new homes have underperformed compared with existing homes, probably because buyers can get a better deal on a foreclosed home or on a home owned by someone who needs to sell, fast.

Federal policies are clearly supporting the market, but there is uncertainty about how strong it would be without the support. Economists for Barclays Capital say that sales of existing homes would have risen 10% without the tax credit, instead of the 24% that has been recorded with it.

Although home prices have fallen and mortgage rates are very low, the housing market faces considerable problems. Foreclosures continue to rise and vacancy rates are at record levels, which mean prices could fall another 5% to 10% by the middle of 2010, according to Jan Hatzius, chief economist for Goldman Sachs.

If prices, sales and construction do sag, banks are likely keep credit extremely tight, which in turn could weigh on the pace of recovery, Hatzius said.

GDP revisions
The other big story for the week could be the revision to third-quarter growth figures. Last month, the Commerce Department said real gross domestic product grew at a 3.5% annualized rate, the first gain in a year. On Tuesday, that figure is likely to be revised to about 2.8%.

The revision comes from more complete data. In the first go-around, the government statisticians must estimate many of the key inputs for September, including foreign trade, inventories and construction spending. Now that those data have been released, it's clear the first estimates were too big.

The largest source of revisions will come from nonresidential construction spending and net exports. Spending on nonresidential structures was weaker than first thought, while imports were stronger than believed, suggesting that more of the gains from increased sales in the third quarter accrued to foreign producers, rather than domestic companies. Inventories will be revised lower.

"Despite the likely downward revision, we still believe that the third quarter will prove to be the first quarter of recovery and that it demonstrates a decisive turn in the economy," wrote economists for Barclays Capital.

Economists see the economy growing at a pace just above its long-term trend. They expect GDP to grow 2.5% in the fourth quarter, 3% in the first quarter of 2010 and 3.5% in the second quarter. That's a far cry from the 6% growth seen in typical V-shaped recoveries, but it's better than a poke in the eye with a sharp stick.

Of course, those are just forecasts. No one really knows for sure how the economy will do over the next 12 to 18 months.

Dunno about others, but I'm enjoying this roller coaster ride.

So as long as stocks move, I'm making money.



This post has been edited by danmooncake: Nov 23 2009, 09:50 PM

Dan,
What positions u have currently? I think money's in financials today.

can anyone comments on RBS?
tot of entering...
Tks

Currently holding 200 ERX @ 38.50 for swing trade.
No short or bear positions at this time.


Long on C, TCK, CSCO, GE, FXI, GLD and VTI.

Putting to buy 43 MGM at market rate.

Looks like my pre-market queue for 200 TNA 36.80 got executed.

u r the best...becoz of u....i m too following TNA....lurve it!

So much for "the momentum was unable to continue" part.

This market is all about the Fed and the Dollar. Let face the truth,
Dollar is spiraling down. Unless the Fed turns about on interest rates,
nothing bad about the economy is going to stop this bull train.

3 steps forward, 2 steps back. Let's continue this dance. Shall we?

bought 43 shares of MGM at 7.00
bought 5 shares of LVS at 16.24

small play.. waiting to recover.

How did u manage to get MGM at 7$?

it is 11.00.. mistype.

still waiting to recover..

Same entry here. Let's hope for the best

Me too enter MGM @ 11, was a bit too hasty i guess considering the price is hovering about at 10.80 now. Looks like the thread is more like a casino stocks thread already, hehehe

Trailing stop got me out..38 LOL!!

Looking for better re-entry at lower 37.

This post has been edited by danmooncake: Nov 24 2009, 12:01 AM

ai.. trapped at MGM and LVS. My free trades will expire tomorrow. have to sell the stock tomorrow also.

the momentum unable to continue thingy, was jus a way of sharing, to let us see what the analyst r thinking
its ok to continue posting it, as we have more article to read in this thread

how come, buying those gambling counters today? concept - buy the dip was last week & sell the rally is today
seems lvs got a much better chance, than mgm to move upwards, under their current tight trading range (i'm not in either position )

swing trade time - lqdt, vclk, epax & kppc
look at the gold sector stocks new high with gap up - ego, svm, iag & kgn (wonder wil there be a pullback soon, for me to reenter )

u guys / gals better ensure ur ac allows shorting, buying of put & call options
coz when fed raise int rate, whenever it will be in the future, must not miss the longkang party invitation

Let's face it.. the so-called analysts just don't get it.

Thank you USA and China! Thank you Bernanke!
You're making me rich.. If China gets out.. then I'm out.

Update: 3:10am
Trailing stop to save profit on ERX@40.50 got executed.

Closing update: 5:08am
Dow 10450.95 +135.79 +1.29
Nasdaq 2176.01 +29.97 +1.40%
S&P 500 1106.24 +14.86 +1.36%

Are the bulls back? Or is this a bear trick?

Update: 7:38am
Back into TNA: 36.98 after hours.

This post has been edited by danmooncake: Nov 24 2009, 07:39 AM