1. US spending up 0.2% vs 0.1% consensus
2. Dell shares jumps on strong profit but stock downgraded by Cross Research. Some analyst feel that it might be difficult to execute the cost cutting from now. Well, anyway, congrats to Michael Dell for his anniversary back to the helm.
3. Tiffany also beat (ladies, u buying anything lately.....better check my MasterCard, for they also mention sustainable growth).
Like my pastor said - Ready credit, Ready bondage. Ha Ha !
Friday, May 30, 2008
WoW - Believe it or not ?
Maybe that day will come when Monsanto provided seeds for Apple to really produce apple. Funny.
Indices
Dow Jones
-green lsma ! hmmm...
-anyway, like y'day, indicators showing flat to u-turn up.
Nasdaq
-turbo cci turing down.....hmmm....
-IFT, Fish, MACD are all turing up.
Rut
-Like Nasdaq but cci passed minor resistance.
overall EMA providing good support
-green lsma ! hmmm...
-anyway, like y'day, indicators showing flat to u-turn up.
Nasdaq
-turbo cci turing down.....hmmm....
-IFT, Fish, MACD are all turing up.
Rut
-Like Nasdaq but cci passed minor resistance.
overall EMA providing good support
Thursday, May 29, 2008
Indices
Going to be a Big News day. Anyway, we'll see if market factored it in.
Dow Jones
-Indicators has a bottoming feeling.
-Fish is trying to turn flat to up, cci is going to break minor support.
-But watch out for profit taking.
Nasdaq
-cci have not totally crossed zero line but Fish turning flat.
-overall positive bias.
-From Woode: It has not totally rejected unless it crosses zero line.
Rut
-surprisingly, did not see cci go below zero for almost 2 and half months.
-anyway, overall positive bias.
In all, can see power of EMA.
Dow Jones
-Indicators has a bottoming feeling.
-Fish is trying to turn flat to up, cci is going to break minor support.
-But watch out for profit taking.
Nasdaq
-cci have not totally crossed zero line but Fish turning flat.
-overall positive bias.
-From Woode: It has not totally rejected unless it crosses zero line.
Rut
-surprisingly, did not see cci go below zero for almost 2 and half months.
-anyway, overall positive bias.
In all, can see power of EMA.
We were Briefed.
Yea, indeed, we were briefed it might be a window dressing day. Had to do quite a number of positive repairs.
Went to run @ 11. Great breeze. I want to be really slim and fit for the coming year.
Wednesday, May 28, 2008
News
Stock futures continue to indicate a positive start following a key economic report from the Commerce Department. The report indicated orders of big-ticket, durable goods fell 0.5% during April. The monthly reading was above expectations. Excluding transportation, durable goods orders increased 2.5%, which is better than expected and up from the 1.7% increase registered in the previous month.
The sentiment is that people are tightening their own belts. Luxury brands will be affected? To see.
The sentiment is that people are tightening their own belts. Luxury brands will be affected? To see.
Indices
DJIA
-mainly oversold.
-cci HFE -200
-this trend not over yet. await green LSMA. when? when it appears !
NQ
-Likely TT today.
-so far, EMA has provided strong support.
-must thk AAPL and RIMM
RUT
-again EMA providing support.
-one thing though, even though y'day the green candle appeared, IFT did not turn up.
-anyway, monitor.
-mainly oversold.
-cci HFE -200
-this trend not over yet. await green LSMA. when? when it appears !
NQ
-Likely TT today.
-so far, EMA has provided strong support.
-must thk AAPL and RIMM
RUT
-again EMA providing support.
-one thing though, even though y'day the green candle appeared, IFT did not turn up.
-anyway, monitor.
Thursday, May 22, 2008
52 wk highs
Energy related plays
Coal (ACI, ANR, ARLP, CNX, FCL, FDG, MEE, WLT),
Integrated Electrics (APWR, EXC, FE, HE, MDU, TE),
Oil & Gas (APA, APC, ARD, BBG, BEXP, BPT, BRY, BTE, CNQ, COP, CPE, CVX, CXG, CXO, DMLP, DNR, DVN, E, EAC, ECA, EGY, EOG, EQT, ESV, EXXI, FPP, FST, GMXR, HES, HGT, HK, HP, IMO, IVAN, KAZ, MCF, MMR, MPET, MUR, NBL, NBR, NFX, NGAS, NOG, NXY, OXY, PBR, PCZ, PDO, PGH, PTEN, PXD, PXP, RDC, RRC, SCU, SD, SFY, SGY, SJT, SM, SSL, STR, SU, SWN, TGC, TLM, TOT, UNT, UPL, WLL, XEC, XOM),
Pipelines (ENB, NFG, SE, WMB)
Steel Producers (AKS, GGB, GNA, SCHN, SIM, X, ZEUS)
Coal (ACI, ANR, ARLP, CNX, FCL, FDG, MEE, WLT),
Integrated Electrics (APWR, EXC, FE, HE, MDU, TE),
Oil & Gas (APA, APC, ARD, BBG, BEXP, BPT, BRY, BTE, CNQ, COP, CPE, CVX, CXG, CXO, DMLP, DNR, DVN, E, EAC, ECA, EGY, EOG, EQT, ESV, EXXI, FPP, FST, GMXR, HES, HGT, HK, HP, IMO, IVAN, KAZ, MCF, MMR, MPET, MUR, NBL, NBR, NFX, NGAS, NOG, NXY, OXY, PBR, PCZ, PDO, PGH, PTEN, PXD, PXP, RDC, RRC, SCU, SD, SFY, SGY, SJT, SM, SSL, STR, SU, SWN, TGC, TLM, TOT, UNT, UPL, WLL, XEC, XOM),
Pipelines (ENB, NFG, SE, WMB)
Steel Producers (AKS, GGB, GNA, SCHN, SIM, X, ZEUS)
A few Fed notes
1. No more cuts even if economy contracts
2. Most officials see April cut as close call
3. Housing still bleak, spending to a crawl
4. Expects economy rebound in 2H 2008
5. Sees no bottoming in housing activity or home price declines
6. Unemployment to rise in 2008 and stay there in 2009
7. Growth risk to downside
8. CPI improvement probably temporary
9. Food, Energy prices to keep inflation up
10.. US GDP to contract in 1H, recover in 2H
11. Cuts GDP forecast to 0.3 - 1.2% vs 1.3-2% earlier
Zara=Seed
When seed is sown to the ground, there is a "hey" to Zara, meaning grace will be added to the seed !
Grace, Grace !
God remembers our seed. It will not be sown in vain. God does not make His word return to Him void. Amen.
Grace, Grace !
God remembers our seed. It will not be sown in vain. God does not make His word return to Him void. Amen.
Oil going for $134/barrel
Alamak, better change my car for a horse, at least there's still grass around when all the oil is gone.........
Seriously, Stagflation is here. Better tighten purses. Spend wisely.
Seriously, Stagflation is here. Better tighten purses. Spend wisely.
Wednesday, May 21, 2008
21/5 Me and My Bro
Well, went out with my Bro Eric for dinner at Waraku tonite. Nice food and nice view !!! (The only complaint was that the green tea ice cream look so big on menu but came out so small).
Anyway, volatile day. Oil just hit $130 - that's why I'm focusing on Energy, Food and Supply Chain themes for this month.
The Fed minutes will also be released tonite. For those who are staying up, happy reading.
I am going for my brisk walking now and listening to my pastor's preaching.
Come, Soar with me. Now. (Ain't the eagle nice? - Thanks to eaglesnestdevelopment)
Anyway, volatile day. Oil just hit $130 - that's why I'm focusing on Energy, Food and Supply Chain themes for this month.
The Fed minutes will also be released tonite. For those who are staying up, happy reading.
I am going for my brisk walking now and listening to my pastor's preaching.
Come, Soar with me. Now. (Ain't the eagle nice? - Thanks to eaglesnestdevelopment)
Tuesday, May 20, 2008
Lehman upgrades of Oil & Drilling
Lehman raises their target multiples for oil service and drilling stocks, reflecting a strong recovery in 2008 and 2009 for N. American natural gas drilling and substantial growth internationally over the next few years. Firm is raising their target multiples for oil service and drilling stocks. Lehman is raising their tgts on BHI to $110 from $94, BJS to $41 from $33,
BRS to $62 from $58, CAM to $67 from $54,
DO to $161 from $158, DRC to $50 from $44,
DRQ to $50 from $44, ESV to $78 from $71,
GLBL to $21 from $23, GW ti $9 from $7.50,
HAL to $68 from $58, HP to $70 from $65,
HERO TO $44 from $32, HOS to $60 from $55,
NBR to $51 from $45, NOV to $100 from $79,
NE to $75 from $71, OII to $98 from $79,
PTEN to $39 from $34, RDC to $53 from $47,
SLB to $142 from $120, SII to $91 from $81,
SPN to $66 from $53, TDW to $85 from $75,
RIG to $192 from $180, WFT to $121 from $98,
WR to $26 from $25.
Monday, May 19, 2008
19/5 Leading Economic Indicators
April leading indicators up 0.1%. Key point is that this is the 2nd straight increase after 5 declines.
Recession argument lost a lot of steam on this...........
Recession argument lost a lot of steam on this...........
19/5 Trades
Entered CC of CLF & MOS. Abt 6% ATM.
Awaiting DRYS tomorrow even though premium is good at this juncture. Don't want to go for runaways. Prudence in exercising trade will be a long term character requirements for trading.
Going for some other reading now.
Awaiting DRYS tomorrow even though premium is good at this juncture. Don't want to go for runaways. Prudence in exercising trade will be a long term character requirements for trading.
Going for some other reading now.
19/5 Indices
DJ
-most indicators turning bullish -cci,I/RSI,Fish,SAR,
Nasdaq
-indicators oversold. cci turning -.
Russell
-indicators oversold and cci turing down from 100.
-most indicators turning bullish -cci,I/RSI,Fish,SAR,
Nasdaq
-indicators oversold. cci turning -.
Russell
-indicators oversold and cci turing down from 100.
Saturday, May 17, 2008
16/5 Watchlist
OTM (>5)
-AEM,CF,CLF,DRYS,MOS,MTL,POT,SHLD,AGU,CSIQ,POT,SPWR,X,
ITM (>5)
-FCX, CSIQ,DDDDD
-AEM,CF,CLF,DRYS,MOS,MTL,POT,SHLD,AGU,CSIQ,POT,SPWR,X,
ITM (>5)
-FCX, CSIQ,DDDDD
Friday, May 16, 2008
Thursday, May 15, 2008
15/5 Indices
Dow Jones
-ZLR+ and indicators turning. 34EMA providing support.
NASDAQ
-so far, strong momentum.
Russell
-Fish turned. Good view ahead?
-ZLR+ and indicators turning. 34EMA providing support.
NASDAQ
-so far, strong momentum.
Russell
-Fish turned. Good view ahead?
Wednesday, May 14, 2008
14/5 Covered ITM
ITM
AAPL 190c: 5.1-5.3
AEM 65c: 6.33-6.38
ANF 75c: 4.2-5.7
AXP 47.5C: 3.1-7.8
BIDU 370c: 7.1-7.2
CAT 80C: 2.2-5.5
CF 140C: 7 - 7.8
DRYS 100C: 8 - 10.7
FCX 115c: 5.3 - 9.1
FDG 70C: 4 - 8
ISRG 290C: 4.9 - 5.68
MA 290c: 4.7 - 5.7
MER 47.5c: 4.9 - 7.4
MOS 125c: 5.7 - 9.2
MTL 155C: 5.9 - 8.3
POT: 6 - 7.58
RIMM: 4.9 - 6.9
AAPL 190c: 5.1-5.3
AEM 65c: 6.33-6.38
ANF 75c: 4.2-5.7
AXP 47.5C: 3.1-7.8
BIDU 370c: 7.1-7.2
CAT 80C: 2.2-5.5
CF 140C: 7 - 7.8
DRYS 100C: 8 - 10.7
FCX 115c: 5.3 - 9.1
FDG 70C: 4 - 8
ISRG 290C: 4.9 - 5.68
MA 290c: 4.7 - 5.7
MER 47.5c: 4.9 - 7.4
MOS 125c: 5.7 - 9.2
MTL 155C: 5.9 - 8.3
POT: 6 - 7.58
RIMM: 4.9 - 6.9
15/4 Covered OTM
OTM
AAPL 190C: 4.8-5.1 ,,6.35-4.38
AEM 70C: 8.86-3.4 ,,13.29,3.45
AEM 65C: 7.8,,6.02
ANF 80C: 6.6-2.2 ,,8.52-2.55
AXP 50C: 5.6 - 4.2 ,,5.33-4.7
BIDU 370C: 6.9 - 7.1 ,,8.55-6.1
CAT 85C: 6.2 - 3,,5 - 2.43
CF 140C: 9.1 - 6.7 ,,8.79-6.46
DRYS 100C:9.4 - 9 ,,10.45-9.62
FCX 120C: 8.4 - 6.1 ,,9.48-4.95
FDG 75C: 7.99 - 3.67 ,,9.46 - 3.62
ISRG 300C: 7.34 - 3.9 ,,8.5-4.22
ISRG 290C: 6.44-5.71
MA 290C: 5.2 - 5.05,,5.7-4.57
MER 50C: 7.27 - 4.27 ,,7 - 4.35
MON 125C: 8.7 - 4.6 ,, 6.9-5.11
MOS 130C: 10.66 - 5.5 ,, 9.83-6.02
MTL 160C: 7.8 - 6.3 ,,10.31-5.28
MTL 155C: 8.21 - 6.6
POT 200C: 8.5- 6.5 ,,7.07 - 6.53
RIMM 145C: 6.97 - 4.46 ,, 8.57 - 3.85
RIMM 140C: 6.46-5.47
SHLD 95C: 5.44 - 5.55,, 6.57 - 6.28
AAPL 190C: 4.8-5.1 ,,6.35-4.38
AEM 70C: 8.86-3.4 ,,13.29,3.45
AEM 65C: 7.8,,6.02
ANF 80C: 6.6-2.2 ,,8.52-2.55
AXP 50C: 5.6 - 4.2 ,,5.33-4.7
BIDU 370C: 6.9 - 7.1 ,,8.55-6.1
CAT 85C: 6.2 - 3,,5 - 2.43
CF 140C: 9.1 - 6.7 ,,8.79-6.46
DRYS 100C:9.4 - 9 ,,10.45-9.62
FCX 120C: 8.4 - 6.1 ,,9.48-4.95
FDG 75C: 7.99 - 3.67 ,,9.46 - 3.62
ISRG 300C: 7.34 - 3.9 ,,8.5-4.22
ISRG 290C: 6.44-5.71
MA 290C: 5.2 - 5.05,,5.7-4.57
MER 50C: 7.27 - 4.27 ,,7 - 4.35
MON 125C: 8.7 - 4.6 ,, 6.9-5.11
MOS 130C: 10.66 - 5.5 ,, 9.83-6.02
MTL 160C: 7.8 - 6.3 ,,10.31-5.28
MTL 155C: 8.21 - 6.6
POT 200C: 8.5- 6.5 ,,7.07 - 6.53
RIMM 145C: 6.97 - 4.46 ,, 8.57 - 3.85
RIMM 140C: 6.46-5.47
SHLD 95C: 5.44 - 5.55,, 6.57 - 6.28
14/5 Indices
DJ
-potential TT, Fish also tapering+, still above 34EMA.
NQ
-almost 5 days of buying spree, anyway, partying still ongoing.
Rusell
-most indicators pointing +
-potential TT, Fish also tapering+, still above 34EMA.
NQ
-almost 5 days of buying spree, anyway, partying still ongoing.
Rusell
-most indicators pointing +
Have a Life !
I FEEL GOOOOOOOOD.................
Less stress, More reliance, getting heathier.....
cut those inches on your waist, bro !
Remember to tithe.
Less stress, More reliance, getting heathier.....
cut those inches on your waist, bro !
Remember to tithe.
Meditation - from Gloria CopeLnd
Priorities of Prosperity
Make pleasing God your number one priority. Set your eyes on Him above all else and all these things will be added unto you.
"No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon." (Matt 6:24)
Make pleasing God your number one priority. Set your eyes on Him above all else and all these things will be added unto you.
"No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon." (Matt 6:24)
Tuesday, May 13, 2008
13/5 Remembrance
Woode said: To predict is for slave. To react is for Kings.
To those seeing my blog, I am spending less time on the screens. Just 坐山观虎斗.
Let's see how expiration Friday goes.
Help me to be discipline, Lord !
To those seeing my blog, I am spending less time on the screens. Just 坐山观虎斗.
Let's see how expiration Friday goes.
Help me to be discipline, Lord !
After spending $XXX Million, Zune finally hits the tune
Sometimes, relentless pursuit of market share need to burn resources.
For some companies, it might be better to 以逸待劳.
Focus, boy.
13/5 Remembrance
Y'day's RIMM announcement had something very special in it. The co-operation with MSFT.
Then, I remembered a few things Dr C mentioned in Bali:
1. RIMM will be a acquisition target. Tough to be in this market with a "one product range" company.
2. SIRF with it's over 100 patents as a company that has potential.
3. How he will buy CC on AAPL and RIMM.
Though I tried a lot of Dr C's methods and over 80% of them did not work out, however, I believe I learnt much more from the principles behind.
I also remembered him during coaching class about the church's monthly $100k bills. It's no small bill, but building God's house is better than having the yacht parked at the bay. He knows.
God watch over him. Bless him and keep him.
Then, I remembered a few things Dr C mentioned in Bali:
1. RIMM will be a acquisition target. Tough to be in this market with a "one product range" company.
2. SIRF with it's over 100 patents as a company that has potential.
3. How he will buy CC on AAPL and RIMM.
Though I tried a lot of Dr C's methods and over 80% of them did not work out, however, I believe I learnt much more from the principles behind.
I also remembered him during coaching class about the church's monthly $100k bills. It's no small bill, but building God's house is better than having the yacht parked at the bay. He knows.
God watch over him. Bless him and keep him.
Monday, May 12, 2008
12/5 News
1. HSBC earnings rise but so did bad debt.
2. POT: sinkhole issue might raise short term price.
3. China: earthquake killed >8k people.
2. POT: sinkhole issue might raise short term price.
3. China: earthquake killed >8k people.
12/5 Indices
DJ
- mainly bearish but 34EMA still providing support.
-turbo cci hooking up.
-potential tussle but let's see
NQ
-intersting to see CMF money flow in. Taking abite at Apple?
-watch.
Rusell
-likely ZLR+ but most other indicators bearish.
-shows the strenght of leading indicators like cci.
- mainly bearish but 34EMA still providing support.
-turbo cci hooking up.
-potential tussle but let's see
NQ
-intersting to see CMF money flow in. Taking abite at Apple?
-watch.
Rusell
-likely ZLR+ but most other indicators bearish.
-shows the strenght of leading indicators like cci.
Sunday, May 11, 2008
Top 10 things I must do when I start new vision
1. Love Thy God.
2. Love Thy Family.
3. Love Thy Neighbour.
4. Love Thy Life.
5. Love Thy faithfulness.
6. Love Thy Stewardship.
7. Love Thy Muscles.
8. Love Thy Food.
9. Love Thy Trading.
10. Fear the Lord.
2. Love Thy Family.
3. Love Thy Neighbour.
4. Love Thy Life.
5. Love Thy faithfulness.
6. Love Thy Stewardship.
7. Love Thy Muscles.
8. Love Thy Food.
9. Love Thy Trading.
10. Fear the Lord.
Top 10 places I would like to bring my wife
1. Israel
2. Australia - 12 Apostles
3. Grand Canyon
4. Nigara Falls
5. New York
6. Mount Everest
7. Hawaii
8. Nice (Blue Oysters)
9. Round the world cruise
10. Orient Express
3. Grand Canyon
4. Nigara Falls
5. New York
6. Mount Everest
7. Hawaii
8. Nice (Blue Oysters)
9. Round the world cruise
10. Orient Express
Top 10 things to do when I exit
1. Give a donation to my boss for Myanmar missions - mainly for Orphange.
2. Give my mentors a treat - "what happened to me, God allowed it, just like in Joseph in the Bible."
3. Shake Mr S's hands and thank him for these precious years and the privilege of working in this great and dynamic company.
4. Thank Mr Sg's for the opportunity to go HK. It was a triggering point in my life.
5. Thank Mr JL for fighting for my posting to SH. If it wasn't for him, I could not be with my family.
6. Thank Anne for going out of her ways to arrange those mtgs.
7. Thank Elz - she's a lady of character. She & I can flow. I remember HK days and how those precious allocations came.
8. Thank Sha - gonna miss her laughter and friendship.
9. Thank H - never let your former boss be your subordinate.
10. Thank JQ, CY and so many more.......
2. Give my mentors a treat - "what happened to me, God allowed it, just like in Joseph in the Bible."
3. Shake Mr S's hands and thank him for these precious years and the privilege of working in this great and dynamic company.
4. Thank Mr Sg's for the opportunity to go HK. It was a triggering point in my life.
5. Thank Mr JL for fighting for my posting to SH. If it wasn't for him, I could not be with my family.
6. Thank Anne for going out of her ways to arrange those mtgs.
7. Thank Elz - she's a lady of character. She & I can flow. I remember HK days and how those precious allocations came.
8. Thank Sha - gonna miss her laughter and friendship.
9. Thank H - never let your former boss be your subordinate.
10. Thank JQ, CY and so many more.......
11/5 Message Snippets
One message - must get CD.
pastor talked about the Benjamin generation. Interesting - Benjamin was the only one whose names was given by the Father and not the mother.
Anyway, Bless Israel. Why?
pastor talked about the Benjamin generation. Interesting - Benjamin was the only one whose names was given by the Father and not the mother.
Anyway, Bless Israel. Why?
11/5 Interesting performance from the Oil Band from Israel
Bro, did u hear the music - it's so full of meaning.......
Must get the names of famous Isareli composers.....
Must get the names of famous Isareli composers.....
Friday, May 9, 2008
9/5 News
1. AIG - $7.8 billion net loss and raising $12 billion capital.
2. Oil @$125
3. Trade balance @$58.2 for March. 2Q GDP likely at 2%.
2. Oil @$125
3. Trade balance @$58.2 for March. 2Q GDP likely at 2%.
9/5 Indices
Most indices down today. However, EMA providing support. Hence, trade in direction of LONG TERM trend - UP => wait for indicators to show especially cci.
9/5 Brought to remembrance
Lord,
The past 3 days when Pam was not around, Sammi had been asking me to read King Midas to her. Hmm....
Thinking back, I think she is really really smart and it must be a message from you. That's why I know why You had asked me to switched trading strategy. So what if you are the biggest hedge fund operator earning US$19 Bil in one year? In God's eyes, aren't we but dust?
Ultimately, family matters and we need to apply the fear of God in our lives.
Lord, couldn't wait to see the day when I will reach that 1% contribution to One North. It's time people hear the message of grace. It's unmerited and God gives it freely to all who will come to Him.
The past 3 days when Pam was not around, Sammi had been asking me to read King Midas to her. Hmm....
Thinking back, I think she is really really smart and it must be a message from you. That's why I know why You had asked me to switched trading strategy. So what if you are the biggest hedge fund operator earning US$19 Bil in one year? In God's eyes, aren't we but dust?
Ultimately, family matters and we need to apply the fear of God in our lives.
Lord, couldn't wait to see the day when I will reach that 1% contribution to One North. It's time people hear the message of grace. It's unmerited and God gives it freely to all who will come to Him.
9/5 Meditation
Psalm 103:11
For as high as the heavens are above the earth, so great is his love for those who fear him.
Lord, as I encounter this verse and the meditation on the prodigal son this morning. I know that Your heart longs for those who fear You. How you hope to see the day when they come back to your arms again. It's a very touching story and I hope that the world will come to know the real You.
selah.
For as high as the heavens are above the earth, so great is his love for those who fear him.
Lord, as I encounter this verse and the meditation on the prodigal son this morning. I know that Your heart longs for those who fear You. How you hope to see the day when they come back to your arms again. It's a very touching story and I hope that the world will come to know the real You.
selah.
9/5 A Word to my Maker
Lord, for you said the love of money is the root of all evil. Greed is always the one that kills.
Anyway, I thank You for what you taught me these few days. It is very precious. 3 mths test. Afterwards, have to make preparations for next steps.
Sammi was so cute and chatty y'day. I love her and thank you for her. And for Pam too.
Anyway, I thank You for what you taught me these few days. It is very precious. 3 mths test. Afterwards, have to make preparations for next steps.
Sammi was so cute and chatty y'day. I love her and thank you for her. And for Pam too.
9/5 Resilient
That's what I can say for now. Even though AIG post US$8 Billion loss.
Hey, PCLN gave some food for thot...hmmmm
Hey, PCLN gave some food for thot...hmmmm
Thursday, May 8, 2008
8/5 Covered Calls
1. AEM 65C: 3.31 - 4.05%
2. DRYS 95C: 2.9 - 5.97
3. DRYS 90C: 3.03 - 5.61
4. CF 135C: 3.69 - 3.71
5. CLF 180: 3.19 - 4.31
6. FCX 120C: 2.3 - 4.21
7. FDG 70C: 1.86 - 4.09
8. MER 50C: 1.41 - 5.2
9. MON 120C: 2.58 - 3.3
10. MOS 125C: 3.41 - 3.97
11. MTL 160C: 2.37 - 5.12
12. POT 195C: 3.41 - 3.80
13. RIMM 135C: 1.56 - 4.87
14. SHLD 95C: 2.06 - 2.78
2. DRYS 95C: 2.9 - 5.97
3. DRYS 90C: 3.03 - 5.61
4. CF 135C: 3.69 - 3.71
5. CLF 180: 3.19 - 4.31
6. FCX 120C: 2.3 - 4.21
7. FDG 70C: 1.86 - 4.09
8. MER 50C: 1.41 - 5.2
9. MON 120C: 2.58 - 3.3
10. MOS 125C: 3.41 - 3.97
11. MTL 160C: 2.37 - 5.12
12. POT 195C: 3.41 - 3.80
13. RIMM 135C: 1.56 - 4.87
14. SHLD 95C: 2.06 - 2.78
8/5 News
1. Walmart top expectations, 3.2% same store sales increase.
-COST,BJ,ANF,AEO,KSS,JCP all top expectations too.
2. Crude oil $124.
-COST,BJ,ANF,AEO,KSS,JCP all top expectations too.
2. Crude oil $124.
8/5 Indices
Dow Jones
-Most indicators bearish or signs of bearishness
-candle at almost bottom of Boll band
-Range: L/12756 H/13097
Nasdaq
-Same as DJ.
Russell
-IFT hanging dangerously at 0.5 and most indicators bearish.
-Watch.
-Most indicators bearish or signs of bearishness
-candle at almost bottom of Boll band
-Range: L/12756 H/13097
Nasdaq
-Same as DJ.
Russell
-IFT hanging dangerously at 0.5 and most indicators bearish.
-Watch.
Tuesday, May 6, 2008
6/5 Pre-Open
Indices
Dow Jones
-Red LSMA appeared. Indicators have signs of turning. 120 points away from 34EMA.
-channel trend line is uptrend. If trendline break, then it might have a fall.
NASDAQ
-Red LSMA appeared. Looking back, Red candle appeared 3 days ago at top of BOLL.
-Indicators looks like turning down.
Russell
-34EMA still uptrend but Red LSMA appeared and most indicators bearish.
Dow Jones
-Red LSMA appeared. Indicators have signs of turning. 120 points away from 34EMA.
-channel trend line is uptrend. If trendline break, then it might have a fall.
NASDAQ
-Red LSMA appeared. Looking back, Red candle appeared 3 days ago at top of BOLL.
-Indicators looks like turning down.
Russell
-34EMA still uptrend but Red LSMA appeared and most indicators bearish.
5/5 Trading strategies
Interesting covered call strategy from Tim Melvin:
http://www.thestreet.com/story/10415131/1/two-option-strategies-for-value-investors.html?puc=lhhome
http://www.thestreet.com/story/10415131/1/two-option-strategies-for-value-investors.html?puc=lhhome
Monday, May 5, 2008
Sunday, May 4, 2008
4/5 Wave count
Only an exercise:
AAPL
27/4 Approaching Wave B (it's trying to go up, though)
4/5 Still going up, no signs of abatting.
AEM
27/4Seems to be after B going to C (trending down)
4/5 5 day MA turning. Wait for LSM and trade North.
ANF
27/4 Seems to be trading (non-trending) (34 EMA looks sideways on long term)
4/5 5 day MA turning south. See other indicators.
AXP
27/4 34EMA flat now. Could not wave count.
4/5 Uptrend but wait for other indicators.
BIDU
27/4 34EMA in uptrend. C - trending up. wait for u-turn signal.
4/5 Ell at all time high but Ell Osc turning.
CAT
27/4 Seems to be still in a new Wave 1 uptrend. However, recent actions has signs of red sea crossing - watch.
4/5 Red sea crossing was rather flat. Ell OSC turning down.
CF
27/4 red sea crossing over? Seems to be turning around from Wave 4 going to 5 - however, trend peaks failing retracement value . Play ZLR.
4/5 Noticed that 5 day MA turning very good for detecting turning points. an once 5 day cross 34, it will continue. Still waiting for ZLR. price resting around 34 EMA.
CLF
27/4 seems to be very toppish and end of a Wave 3. See how it goes.
4/5 3 days of successive selling. Ell now turning downtrend. Red sea crossing evident.
DRYS
27/4 seems to be wave 1 of new trend. However, top is not fuly reocevered. wait for Fish.
4/5 Ell flat so could not tell trend - need to watch. cci showed almost ZLR with turbo pointing upwards.
FCX
27/4 near Trend 3 and turning?
4/5 ELL turned, showing downtrend but a number of whipsaws present.
-be careful when trading this. but at extreme turning points, confidence of trade is good.
FDG
27/4 signs look pretty bearish but this stock has a tendency to reject 34EMA and coal is bullish at the moment. Looks like at Wave 3 peak.
4/5 ZLR ! Having seen that 27% of the world's coal is in US and oil price so high, then coal is still a strong growth stock.
ISRG
27/4 can't tell the wave count but could possible wait for a countertrend trade on cci or a u-turing on IFT.
4/5 Ell crossing to upside and small buying interest in last 4 trading days.
MA
4/5 Elliott going upside but most likely exhaustion gapping. Red candle appeared and possible of reversal becos of recent runup.
MER
27/4 uptrend - going towards establishing Wave 1
5/4 Uptrend still intact even though Red candle appeared on Friday.
MON
27/4 seems like at Wave 5 but don't be too happy 'cos grain in high demand currently.
4/5 Trade ZLR. Almost 3 doji's past 3 days. Wait for cci signals.
MOS
27/4 140 is the highest high ever achieved. Almost a Wave 5 count. But if it continues to build new highs, then it is just an extension of Wave 3.
4/5 ZLR but no green LSMA? Wait and see.
MTL
27/4 Either Wave 5 or extension of Wave 3.
5/4 This stock like to reject 34EMA. Friday's stock action rejected it.
POT
27/4 Could be at Wave 3. Anyway, this stock has very good potential.
4/5 Wave 3 gone. Most indicators are down.
RIMM
27/4 Almost in trading markets. could trend higher.
4/5 Friday gapped up. Ell is still sideways.
SHLD
27/4 almost at bottom of chart.
4/5 Looke like a ghost on cci. Ell is sturing up. With Americans receiving their check, it seems that they might go and buy and hence retail bullishness.
AAPL
27/4 Approaching Wave B (it's trying to go up, though)
4/5 Still going up, no signs of abatting.
AEM
27/4Seems to be after B going to C (trending down)
4/5 5 day MA turning. Wait for LSM and trade North.
ANF
27/4 Seems to be trading (non-trending) (34 EMA looks sideways on long term)
4/5 5 day MA turning south. See other indicators.
AXP
27/4 34EMA flat now. Could not wave count.
4/5 Uptrend but wait for other indicators.
BIDU
27/4 34EMA in uptrend. C - trending up. wait for u-turn signal.
4/5 Ell at all time high but Ell Osc turning.
CAT
27/4 Seems to be still in a new Wave 1 uptrend. However, recent actions has signs of red sea crossing - watch.
4/5 Red sea crossing was rather flat. Ell OSC turning down.
CF
27/4 red sea crossing over? Seems to be turning around from Wave 4 going to 5 - however, trend peaks failing retracement value . Play ZLR.
4/5 Noticed that 5 day MA turning very good for detecting turning points. an once 5 day cross 34, it will continue. Still waiting for ZLR. price resting around 34 EMA.
CLF
27/4 seems to be very toppish and end of a Wave 3. See how it goes.
4/5 3 days of successive selling. Ell now turning downtrend. Red sea crossing evident.
DRYS
27/4 seems to be wave 1 of new trend. However, top is not fuly reocevered. wait for Fish.
4/5 Ell flat so could not tell trend - need to watch. cci showed almost ZLR with turbo pointing upwards.
FCX
27/4 near Trend 3 and turning?
4/5 ELL turned, showing downtrend but a number of whipsaws present.
-be careful when trading this. but at extreme turning points, confidence of trade is good.
FDG
27/4 signs look pretty bearish but this stock has a tendency to reject 34EMA and coal is bullish at the moment. Looks like at Wave 3 peak.
4/5 ZLR ! Having seen that 27% of the world's coal is in US and oil price so high, then coal is still a strong growth stock.
ISRG
27/4 can't tell the wave count but could possible wait for a countertrend trade on cci or a u-turing on IFT.
4/5 Ell crossing to upside and small buying interest in last 4 trading days.
MA
4/5 Elliott going upside but most likely exhaustion gapping. Red candle appeared and possible of reversal becos of recent runup.
MER
27/4 uptrend - going towards establishing Wave 1
5/4 Uptrend still intact even though Red candle appeared on Friday.
MON
27/4 seems like at Wave 5 but don't be too happy 'cos grain in high demand currently.
4/5 Trade ZLR. Almost 3 doji's past 3 days. Wait for cci signals.
MOS
27/4 140 is the highest high ever achieved. Almost a Wave 5 count. But if it continues to build new highs, then it is just an extension of Wave 3.
4/5 ZLR but no green LSMA? Wait and see.
MTL
27/4 Either Wave 5 or extension of Wave 3.
5/4 This stock like to reject 34EMA. Friday's stock action rejected it.
POT
27/4 Could be at Wave 3. Anyway, this stock has very good potential.
4/5 Wave 3 gone. Most indicators are down.
RIMM
27/4 Almost in trading markets. could trend higher.
4/5 Friday gapped up. Ell is still sideways.
SHLD
27/4 almost at bottom of chart.
4/5 Looke like a ghost on cci. Ell is sturing up. With Americans receiving their check, it seems that they might go and buy and hence retail bullishness.
4/5 Trading Plan
Trading Plan:
1. Psychology: Don't exhaust yourself. Stay confident in what you believe.
2. Money Management
-If below 20%, exit positions and out for 3 months.
-5% rule for Options >$100, 2.5% rule for Options <$100.
-2 weeks into expiration, don't trade more than 2 contracts.
-No short sell until you full time trader.
3. Any New strategies, paper trade on at least 20 stocks for 1 month first. The stock market will always be there.
4/5 Trades
Observations
1. Fibs and red sea crossing using Boll and LSM worked well.
2. Short squeeze was not good.
3. ER2 - don't touch until you become full time trader.
4. SNDK trade should have been successful if stick to plan.
1. Fibs and red sea crossing using Boll and LSM worked well.
2. Short squeeze was not good.
3. ER2 - don't touch until you become full time trader.
4. SNDK trade should have been successful if stick to plan.
Saturday, May 3, 2008
2/5 Weekend analysis
1. April employment data & Fed cut helped.
2. MSFT-YHOO still negotiating?
3. Agric got hit due to strong dollar CRB fell 2.3% and Gold 3.6% (Now $862.1/ounce)
2. MSFT-YHOO still negotiating?
3. Agric got hit due to strong dollar CRB fell 2.3% and Gold 3.6% (Now $862.1/ounce)
Friday, May 2, 2008
2/5 Indices
DJIA
-Keltner bd above Boll bnd hmmm.......?
-rest of indicators uptrend intact.
NASDAQ
-shooting star candle at 1102 hrs.
-rest of indicators uptrend or near extremes.
Russell
-shooting star candle at 1102 hrs.
-rest of indicators uptrend or near extremes.
-Keltner bd above Boll bnd hmmm.......?
-rest of indicators uptrend intact.
NASDAQ
-shooting star candle at 1102 hrs.
-rest of indicators uptrend or near extremes.
Russell
-shooting star candle at 1102 hrs.
-rest of indicators uptrend or near extremes.
2/5 News
1. Fed up auctioning amts from $50 -> 75 Billion and inclue AAA/Aaa assets.
2. Unemployment reach 5% from 5.1% prior mth. 20k drop in nonfarm payrolls.
3. Sun Microsystem miss earnings and to cut 2500 jobs.
2. Unemployment reach 5% from 5.1% prior mth. 20k drop in nonfarm payrolls.
3. Sun Microsystem miss earnings and to cut 2500 jobs.
Thursday, May 1, 2008
1/5 Analysis
ANF
-Looks like TT to south.
-B/70P
BIDU
-Red LSMA, Fish turning. Rest of short term signals in indicators also flat.
CAT
-Bearish seems to be flat red sea crossing.
-B/80P
CF
-Still being sold off today
-must wait till AG sector rebound.
-if buy, look B/125P
CLF
-Looking bearish. Now resting at keltner.
-S/165C
DRYS
-Seems to be ZLR today. Strong buying interest. But overall still red LSMA.
FCX
-continue selling pressure today. REsting on keltner but all indicators bearish.
-S/120C
FDG
-premiums not too good.
-looks like TT.
-skip this for now.
MOS
-potential TT setup.
MTL
-miss this one. wait for reversal.
POT
-same, wait for reversal.
RIMM
-ranging trading between 128 and 118 for 2 weeks.
-S/115P
SHLD
-a lot of tussle.
-wait out.
-Looks like TT to south.
-B/70P
BIDU
-Red LSMA, Fish turning. Rest of short term signals in indicators also flat.
CAT
-Bearish seems to be flat red sea crossing.
-B/80P
CF
-Still being sold off today
-must wait till AG sector rebound.
-if buy, look B/125P
CLF
-Looking bearish. Now resting at keltner.
-S/165C
DRYS
-Seems to be ZLR today. Strong buying interest. But overall still red LSMA.
FCX
-continue selling pressure today. REsting on keltner but all indicators bearish.
-S/120C
FDG
-premiums not too good.
-looks like TT.
-skip this for now.
MOS
-potential TT setup.
MTL
-miss this one. wait for reversal.
POT
-same, wait for reversal.
RIMM
-ranging trading between 128 and 118 for 2 weeks.
-S/115P
SHLD
-a lot of tussle.
-wait out.
1/5 Pre-Open
DJIA
-34EMA uptrend but red lsma and most indicators bearish.
NQ
-34EMA uptrend, LSMA on sidelines of green and red.
Russell
-34EMA still uptrend, red LSMA, most indicators bearish.
-34EMA uptrend but red lsma and most indicators bearish.
NQ
-34EMA uptrend, LSMA on sidelines of green and red.
Russell
-34EMA still uptrend, red LSMA, most indicators bearish.
30/4 FOMC - 25bp cut
The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 2 percent. Recent information indicates that economic activity remains weak. Household and business spending has been subdued and labor markets have softened further. Financial markets remain under considerable stress, and tight credit conditions and the deepening housing contraction are likely to weigh on economic growth over the next few quarters. Although readings on core inflation have improved somewhat, energy and other commodity prices have increased, and some indicators of inflation expectations have risen in recent months. The Committee expects inflation to moderate in coming quarters, reflecting a projected leveling-out of energy and other commodity prices and an easing of pressures on resource utilization. Still, uncertainty about the inflation outlook remains high. It will be necessary to continue to monitor inflation developments carefully. The substantial easing of monetary policy to date, combined with ongoing measures to foster market liquidity, should help to promote moderate growth over time and to mitigate risks to economic activity. The Committee will continue to monitor economic and financial developments and will act as needed to promote sustainable economic growth and price stability. Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Donald L. Kohn; Randall S. Kroszner; Frederic S. Mishkin; Sandra Pianalto; Gary H. Stern; and Kevin M. Warsh. Voting against were Richard W. Fisher and Charles I. Plosser, who preferred no change in the target for the federal funds rate at this meeting. In a related action, the Board of Governors unanimously approved a 25-basis-point decrease in the discount rate to 2-1/4 percent.
30/4 Testing Squeeze
holx - 10.5
cnqr - 16.3
psys - 12.1
akam - 4.8
anss - 7.5
cam - 4.5
drq - 5.4
mil - 11.4
cnqr - 16.3
psys - 12.1
akam - 4.8
anss - 7.5
cam - 4.5
drq - 5.4
mil - 11.4
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