Wednesday, February 28, 2007
Cash is the king!
I think easy money has been made. If I were an investor with a full time job, cash seems a better choice. But if you have to trade, trade less. Shorting may be visited more often from now on.
Tuesday, February 27, 2007
I am a chicken
I closed all my long positions, except BRCD. Please go to winning and losing trades on the right to see my recent performace. Certainly today you will see more losers:)
Amazing
Among over 200 stocks I track daily, only ONE is in green now. That is BRCD. I don't even remember when it was the last time I have seen this type of panic. EXCITING!
Fearful selloff
I expected to see an event igniting a quick rally, but now we see a massive selloff caused by the fear spilled over from overnight crash of China stock market. Readers know I was not optimistic of China stocks, I just did not participate a crash like that, and that would be the killer of US market. Anyway, be cautious. The decline is not over yet, it is just a start.
Monday, February 26, 2007
Looks familiar?
This is the daily chart of the NASDAQ on 4/24/06,looks familiar? I know the current NASDAQ chart looks similar. Are we gonna have a weak spring started a month earlier this year? I don't know, but I do know we need the Financials to be stable here, to have a healthy bull market. Frankly, I become more concerned as days go on.
Friday, February 23, 2007
A bullish case
This is the weekly chart of FDX, which is at all time high. It is hard to believe our economy sucks while Fedex is trying to break out. I know I may sound contradicted, but the market is deemed to make us confused. Anyway, I think we will see a quick rally soon, now we are just waiting for a event to ignite it. What event? I don't know. So let's wait to see.
Financials are retreating
The financials are giving back the recent gains. BSC is down $5, LEH is down $3, MER is down $2, MA is down $2, CME is down another $8. I am concerned by the money rotating out of the financials, even though I am encouraged by the strength of the semiconductors.
Thursday, February 22, 2007
The Semiconductor is breaking out
People know I pay attention to the Semiconductor index. With its participation of the rally, I am gaining more confidence on the bullish side.
Tuesday, February 20, 2007
Now I know where my next vacation is
Damn,I could stand there and just watch them roaring for hours. What a joy! To make it even better, I wish I could bring my car in there, chasing them.
Friday, February 16, 2007
Thursday, February 15, 2007
Wednesday, February 14, 2007
Bulls are coming back
Remember what I said last Friday? I said the bulls were not completely dead yet. Today they come back alive, and with vengeance.
Tuesday, February 13, 2007
Can we hold on the gain?
Even though we have some gain this morning, it could be easily wiped out in the next one and a half hour. The bears still have the upper hand.
Saturday, February 10, 2007
Recent transactions
Please go to the winning trades and the losing trades to the right for the recent transactions. I keep updating the trades I think they are notable.
Friday, February 9, 2007
I have a hope
Today's action is disappointing, but the uptrend is still intact and the bulls are not completely dead yet. They need mroe armors for next week.
MA
The decline at MA is breathtaking. Currently it is right on support, I am taking a small position.
Thursday, February 8, 2007
Wednesday, February 7, 2007
Still bullish
Though the market did not have a strong advance as I had expected, it still has a chance to attack upside. I remain bullish and I am holding all my longs.
Mighty CSCO
CSCO just single handed saved the techs. We are going higher. I am on full margin. Let's rock and roll!
Update: X
My notation on the chart is wrong, I meant to say I would take profit around $90. Anyway, I am going to close the position today.
Tuesday, February 6, 2007
Monday, February 5, 2007
Sunday, February 4, 2007
Saturday, February 3, 2007
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