Investment Talk

[mrlazy]

actually, following past monday's close above 1104, it is like confirming a near term base n turning higher.

 

this is also proven by failing to overcome range lows and 15mth trendline support, oversold daily momentum and extreme readings in sentiment.

 

CFTC shows net speculative length at its lowest levels since 07/2009, meaning, clearing the decks of overhead supply.

 

bears should need a break of 1069 to regain control.

many thanks for your updates.

 

holy cow, tank again during NY session probably due to dollar strength ... don't have live price but seem to still hold at 1070

 

i think many buyers (e.g India) are waiting for better prices

[Throttle]

took some profits today.

didnt want to wait any longer.

SATs and CMA.

[CMYRS]

Here we go, 2nd wave, as mentioned on 29-01-2010, 07:03 AM.

 

Dow -268.44 -2.61% 10,002.11

NASDAQ -65.48 -2.99% 2,125.43

S&P -34.23 -3.12% 1,063.05

Edited February 4, 2010 by CMYRS

[nkan0]

as of the moment, it should stay above, no issues.

 

as soon as this was made, we took out the 1074 lows! that low was re-visited (from below) after breaking thru, and that should be taken as a cue to get out!!!

 

by no means has the mkts bottomed out yet for 2010.

 

not good news, but money can still be made on the way down.

 

actually, I'd prefer to say "the mkts have Topped out for 2010".

 

actually, following past monday's close above 1104, it is like confirming a near term base n turning higher.

 

this is also proven by failing to overcome range lows and 15mth trendline support, oversold daily momentum and extreme readings in sentiment.

 

CFTC shows net speculative length at its lowest levels since 07/2009, meaning, clearing the decks of overhead supply.

 

bears should need a break of 1069 to regain control.

 

after breaking the 1069 to reach 1059, the 1069 was re-visited, whcih again, should be taken as a sell signal!

 

Anyone here trade the GC contracts? I traded on the shorts last nite, made some decent $$$...

 

As said, Dow would be heading towards the 9400-9500 before it can find some form of support/consolation, numbers to watch for on the SPX would be 1044-1048 region.

 

Happy Shorting !!!

[nkan0]

Here we go, 2nd wave, as mentioned on 29-01-2010, 07:03 AM.

 

Dow -268.44 -2.61% 10,002.11

NASDAQ -65.48 -2.99% 2,125.43

S&P -34.23 -3.12% 1,063.05

 

U use Elliot wave???

[CMYRS]

U use Elliot wave???

 

this bit of news was from our traders in NY and Chicago.

[DeusExMachina]

haha, maybe u should look outside of equities.

 

i deliver drips n draps of info here n there, i cannot say too much as sometimes with such stuff, one can never be 100% or if it is, i might not be allowed to say anything in the first place.

 

as long as we are better off at the end of the day, dats all that matters.

 

Nah. Don't wanna stick my finger into too many pies.

 

Shorting is a risk for me, 'cos I don't wanna do CFD, so it's gotta be an intraday trade.

[CMYRS]

Nah. Don't wanna stick my finger into too many pies.

 

Shorting is a risk for me, 'cos I don't wanna do CFD, so it's gotta be an intraday trade.

 

one big juicy pie is better than many small pies.

[mrlazy]

NFP falls just -20K (prev -150K) consensus 10K

unemployment dips to 9.7% vs 10% consensus

And G7 folks are all heading to the giant icebox for their meets, yeah time to chill out

[CMYRS]

but still, everything is still heading south.

 

Dow -53.58 -0.54% 9,948.60

NASDAQ -9.10 -0.43% 2,116.33

S&P -5.37 -0.51% 1,057.74

[mrlazy]

It's Friday, who's trading anyway

i'm seeing mixed at least got some green & red

i think still got opportunity to short next week, at least can confirm if it's a shake out

 

crude hanging above trendline

gold was such a disappointment, heading to next support?

[CMYRS]

It's Friday, who's trading anyway

i'm seeing mixed at least got some green & red

i think still got opportunity to short next week, at least can confirm if it's a shake out

 

crude hanging above trendline

gold was such a disappointment, heading to next support?

 

 

one of the biggers movers of last year were mons n fri for CL

expect the unexpected

 

 

when it rains, it pours, look at the next next level of support then reconsider.

looks like it will retest 1031 but likely to use 1000 as a base.

[nkan0]

one of the biggers movers of last year were mons n fri for CL

expect the unexpected

 

 

when it rains, it pours, look at the next next level of support then reconsider.

looks like it will retest 1031 but likely to use 1000 as a base.

 

I've tried trading the CL contracts intraday B4, but some how couldnt manage to trade too many diff things intraday, so decided to stick to my ES,EX & CL, besides mid-term stocks & ETFs...

 

CLs are large, $1 = $1,000 !

[DeusExMachina]

And the Dow rebounds. That's quite a large rebound.

[CMYRS]

I've tried trading the CL contracts intraday B4, but some how couldnt manage to trade too many diff things intraday, so decided to stick to my ES,EX & CL, besides mid-term stocks & ETFs...

 

CLs are large, $1 = $1,000 !

 

Yup, that is for 1 lot.

But most trade in 20s min.

 

If one got the direction right the last 2 days for the 7 bucks down, thats USD$140g's.

 

what a decent ang bao.

[nkan0]

And the Dow rebounds. That's quite a large rebound.

 

This has been picture-perfect for me on Fri nite, when I covered back all my short positions. I seldom like to post charts, but check this one out on the S&P, look at the date when it was first created - 29th Jan, look at where the Strong Support level was projected, and hit almost to the dot!!!

 

Yup, that is for 1 lot.

But most trade in 20s min.

 

If one got the direction right the last 2 days for the 7 bucks down, thats USD$140g's.

 

what a decent ang bao.

 

What is the "20s min"??? mini-size contracts of the CL? I know that there's a mini-GC, which is the YG, which is 1/3 of the full-size.

[CMYRS]

 

 

 

What is the "20s min"??? mini-size contracts of the CL? I know that there's a mini-GC, which is the YG, which is 1/3 of the full-size.

 

Sorry, too many short forms, let me rephrase that.

 

I meant lot sizes of about 20 minimum on current front month contracts and many times more on future months depending on other factors, eg. narrowing contango, etc.

 

this is for CL, not the ones on the mini 500.

[mrlazy]

I meant lot sizes of about 20 minimum on current front month contracts and many times more on future months depending on other factors, eg. narrowing contango, etc.

 

this is for CL, not the ones on the mini 500.

interesting that hoarding oil also can profit ... but what's the state of contango now, does narrowing contango benefits the producers? thanks!

[mrlazy]

good read from PIMCO Bill Gross ~ including charts of current state of debts & deficits in various developed countries

Investment Outlook Feb 2010 - Ring of fire

[nkan0]

good read from PIMCO Bill Gross ~ including charts of current state of debts & deficits in various developed countries

Investment Outlook Feb 2010 - Ring of fire

 

This type of materials are really good for reading - and that's just about it. Doesnt aid much to my trading style, which is very short-term, and TA-based.

 

You read the book "The Dollar Crisis" ??? They fall in similar lines, but to trade based on these long-term fundamentals? Would prob kill me....

 

just my 2 cents worth of rumblings....

[mrlazy]

I did say it's a good reading and where / when did I ask anyone to trade short term based on these FA?

[Throttle]

buy buy buy!!!

[CMYRS]

interesting that hoarding oil also can profit ... but what's the state of contango now, does narrowing contango benefits the producers? thanks!

 

yes of course, its black gold

[joekia]

buy buy buy!!!

 

 

Buy simi??

 

I think after CNY should have slight rebound to 27xx region..

[Throttle]

Buy simi??

 

I think after CNY should have slight rebound to 27xx region..

 

from yesterdays buying I made about $3k already.

bot at rock bottom.

 

Wingtai $1.69

Striats Asia $1.95

 

hahahahaha.

 

Buy buy buy!