hurm... gud idea ya... thanks mate!!!

Friday's economic calendar:

8:30 Nonfarm payrolls
8:30 Conference: Consumer in the Financial Services Revolution
10:00 Factory Orders
10:00 Forum: Policy Lessons from the Crisis

MEGA NEWS are those at 8.30. It will for sure shake the market. Buy on DIPS again?


LONDON, Dec 4 (Reuters) - The dollar was steady on Friday in cautious trade as investors awaited the U.S. government's monthly employment report for clues to the pace of recovery in the world's largest economy. Economists polled by Reuters forecast the U.S. economy lost 130,000 jobs in November, compared with 190,000 in October, while the November unemployment rate was forecast to be unchanged at 10.2 percent.

The economy is getting closer to generating jobs for the first time in two years
Here it comes! It's getting close! I can see them from here! Yup, it's on it's way! Just waiting...any moment! I promise, any minute now...

http://stossel.blogs.foxbusiness.com/2009/...o-creates-jobs/

umm. not so fast.. pretty much another 1 hour. 930 Malaysia Time.

Forecast at -119K and 10.2%. Let's wait..

oh my god.. my MGM has hit 10.80 buying price and still dropping..

out of my expectation.

I will set to sell at 11.20.

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Added on December 4, 2009, 9:02 pmThe moral of the story: dun set buy price when you asleep..

This post has been edited by epalbee3: Dec 4 2009, 09:02 PM

oh crap.. Good data from US ..

My short got squeezed...

Covered both ERX 38.90 and TNA 37.40.

That's was flush of buy..

ok.. should reset my price to 11.40.

We all got the scoop now and if not, here it is:

Market expect worse than 10.2, but we got 10.0 for unemployment rate.
Therefore, the "less bad than expected" happens.

Guess what will happen next? Yup, dollar will tank again today..VIX going down, and market will soar.

I'm all out of shorts now. Riding on extra batch of TNA (1/4 position) @ 37.40.
I don't plan to hold over the weekend and may sell during the surge at open.

Let see where the mad the bulls will take us today.



This post has been edited by danmooncake: Dec 4 2009, 09:55 PM

its so funny...
well, if it touch my bear etf cut loss price, out i wil go
means my roket stocks can go moon
so now should be safe to short gld...haha

Fcuk, was in profit of all my position. Hoping of a bad data, so that it will tank further and buy on DIPS. looks like it will not happen anytime soon.

Look at that.. bulls knocking at 10500 and S&P 1119 now..
Can it break thru up?

This post has been edited by danmooncake: Dec 4 2009, 10:43 PM

see MGM.. it has been 11.05, not far from 11.40..

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Added on December 4, 2009, 10:45 pmHL will be star for next week..

This post has been edited by epalbee3: Dec 4 2009, 10:45 PM

Everything off high today. Pointing to close lower today, from "less than bad" data.

Covered LVS short. Awaiting to cover INTC.

LONG on DIPS

Out TNA 39.30!

Update:
Looks like commodity sector and Gold/Silver are selling off instead of rally..
I'm back into ERX: 38.35 1/4 position (250 shrs)
Looking to exit around 40


This post has been edited by danmooncake: Dec 5 2009, 12:25 AM

Just covered short LVS @ 16 and now fcuked, it moved to 15.70's.

Will enter other position, perhaps ERX or TNA..

LVS and MGM tanking. Looks like can finally cover my shorts on these 2 stocks, placed them early this week.

DJ coming down dont worry haha ...

something feels not right, but dunno wat, looks like got to do some homework tis weekend
the shorts were sure fried earlier if covered quick, but now reality is roket seems no fuel
& the resistance level seems a tough nut to crack
closing all swing trade & roket position still hanging on to bear etf position & did not short gld either

US dollar going back up. I guess with better than expected jobs data, it's a matter of time before the Feds will stop the loose dollar party.