Macy's just disappointed

The retailers are tickering down on this news.

From a shorter's eyes

This bear market started only less than a year ago, now people have already talked about the recovery? This crisis is far worse than the burst of the internet bubble, which took 3 years to truly hit the bottom and was ended by invasion of Iraq. Now the interest rate is down to near zero that means the Fed is out of ammo; or maybe we should start another war? We can't, Americans are extremely poor now, all their hopes are upon China, which has its own problem to solve. Or we can boost some other sectors? Without a sufficient banking system, which one can we boost? Maybe I am just too stupid, I just can't see the light through the tunnel right now.

NIHD

I added NIHD to my newsletter last week.

Morning bounce

We are having the usual morning bounce, which I think it is shortable. What can save this market? I can't think of any right now. Anyone?

Summary of Jan, 09

Up 22 pts or 40%! What a month! Shorting contributed most gains that tells us the downtrend still intact. Follow the trend.

Another new feature

From this year, I am going to have a monthly summery of my newsletter recommendations. If I have more time, I will also make 08's picks a list too. You decide if my newsletter is worth of your money.

KSS

I am also shorting KSS in my fund.

TJX

Also shorted TJX.

SHLD

I added SHLD last night.

Nice start

My fund's YTD performance is 18.8% while S&P 500 is -8.57%, the worst January on record for the market, a nice start of a new year for my investors. If you are a believer of "January effect", not a good sign for 09, which coincides our economic recovery won't take place as most people have wished.

Now I know

MA's strength is attributed to pre-mkt addition to Goldman's Conviction Buy List that is bullshit too.

MA and V

I wonder why MA and V are so strong today. I know V was added to Deutsche Bank short term trading list as a long, which is a bullshit to me. I think this is a short opportunity.

Retailers are weak

I am shorting retailers across the board.

NASDAQ disappoints again?

Yesterday's low is violated, which certainly disappoints the bulls once again. Oh well, this is one of the characteristics of a bear market. There will be plenty of false signals before the market really reverses.

One day makes difference

I covered one day earlier.

VRTX

My VRTX is rallying against the market.

NVEC

I added it to my newsletter last night.

My short term target

With the financial names so beaten down, the market can rally to 1600 area without a sweat.

More upside

My bullishness from 2 days ago is paying off. Just like I said, the financial sector holds the key. I think we have more upside, it is not over yet.

Also this one

Lucky

I am glad to escape this one with a small loss.

Removing old trading record

I removed the "old trading record from 05", since it is way too old.

New poll

Please cast your vote to the right!

Weak close

The market closed in green, but a lot less than when I left. I am certainly dissapointed, but let me spin it this way: one day does not make a trend, the bulls still get a chance.

My guess

I think we will close higher today! Why? Look at the European markets.

It feels good this morning

As soon as the banks are not getting killed, the market gets lift. I am buying more this morning and now net long.

Educational sector

Educational sector is getting sold this morning, I think it is a good opportunity to get in. As always, don't forget the stop. Sorry, forgot to remind you: DV is going to report tomorrow. So don't bet a farm on it.

Baidu's interesting appearence on CCTV

CCTV's Spring Festival Gala has been a must-see program for the Chinese people for the last 26 years. All the major companies try to place some sort of commercial tonight at CCTV, the sole TV station broadcasting this special event. It is like Super Bowel for the Americans. One of the major sponsors is Baidu tonight, not only because of its commercial appearance, but also its CEO Robin Li showed up in the front rows of guests and was under the flash light. This is interesting since Baidu was just under investigation by a CCTV's program less than a month ago. Baidu apologized for its wrong business conducting and its stock price responded negatively. So what does tonight imply? CCTV has stopped the investigation after it got huge chunk of money from Baidu? There must be some money deal behind the curtain. At least that is what my impression is after tonight. Should not CCTV avoid Baidu due to conflict of interests? Oh well, I guess not, because it is in China.

Happy Chinese new year!

This year is a bull. I wish we will have a bull market. Oh well, I know it is difficult, but I do hope everybody here will have a bull performance!

Foreigners can buy apartment in BJ

The new policy that tries to stimulate the real estate market in Beijing is allowing foreigners to own residential properties. Since 2007 in order to prevent the rapid rising price, foreigners have been heavily restricted to buy apartments.

I am covering

The banks stop bleeding. If that is the case, I think the decline may be closer to an end.

Update: GERN

Up 40% in 3 days! I am selling half today.

Another 20% cut?

Nouriel Roubini, who correctly predicted last year’s financial crisis now calling another 20% downside on S&P. The reason? Slowing China.

FSYS

Added to my newsletter two days ago.

New gadget!

Add a "follow" feature on the right! If you like what I have done here, please press "follow" button:)

GERN

GERN was added to my newsletter couple of days ago.

MSFT missed!

In my memory, MSFT never missed its earning and laid off people (correct me if I am wrong), even in the old days when the bubble was burst. Missed 2 cents and cut 5000 workers!

Update: ESI

ESI reported earning this morning and beat it handily. It is trading at $123 this morning. Oh well, I dare not hold through earning, particularily in a bear market.

Strong close

Surprisingly strong close, I will become bullish if we can close above 1511.

Update: ESI

Stopped out for $16 gain.

Fading

The market is quickly fading. I repeat, the market is not oversold and it has long way to reach oversold area. I think we are on the way to test November low or even lower.

Some thoughts about picking a bottom

At Realmoney, Jim Cramer is picking on Warren Buffet, saying Mr. Buffet is down 50% on GS, GE. A lesson we as small investors should all remember: NEVER pick a bottom! Even a great investor like Warren Buffet can't time the market. Maybe he picked the extreme of the fear, but the price has not hit the exact bottom. The price tends to lag or overshoot.

AMR is killing airlines

You can tell it is so hard to be long in a bear market. Last week airlines still looked ready to break out, today it got killed by AMR, which missed its earning big time.

Rally to last?

I just used this rally to unload my longs and reload my shorts. I don't think the market has changed over night.

Still true

It looks like my comment from a week ago still valid.

NDSN

I also added NDSN to my newsletter.

EQIX

I shorted EQIX two days ago.

Update: SOHU

Covered SOHU for 10% gain.

Banks are still the key

The banks are still holding the key to a better market. They have to stop bleeding first. If they do, I would jump in drug and biotech related sector, airlines, and educational sector.

Update: VMI

Target met and profit taken for $10 in 4 days!

Wow, can't believe my eyes

$15 in 3 days!

Update: WYNN

Closing position for more than $10 in 4 days!

AAPL is dead

Without Steve Jobs, AAPL's growth story is over. This is the bad news for AAPL, I think investors will flee tomorrow.

Maybe early

I know I may be way early, but I am starting to cover today. I remain bearish, will reload the shorts after some bounces.

Nortel filed bankrupt

Once a high flyer Nortel filed bankrupt today. It reminds me the good old time and how long I have been in this business.

Look out below

With the financial sector is again under pressure, I don't think we can see a sustainable rally. I would use any strength to get out long positions and initiate shorts. And I don't see any reasoning that the market being lifted, except oversold condition, which is long way from where we stand now. Actually we are overbought.

WYNN

WYNN was added too.

VMI

VMI was also added last night.

SOHU

I added SOHU last night.

QQQQ

It looks like the party is over.

Shit

Got shaken out yesterday.

JBLU

Sold today for 26% gain!

Testing support

The NASDAQ is testing the suppport, the XOI (oil service index) is also testing the support. The pullback was expected, but not by this large.

First buy signal since August

Don't know how long it will last and how valid it is.

Happy new year!

2008 is almost history, painful but educational. Like I said, a bear market is always the best teacher. I wish all of you a happy and prosperous 2009!.

JBLU

JBLU has been up 10% since added to my newsletter.

MS

MS was triggerd yesterday too.

MA

MA was triggered yesterday.

Oil

A fake breakout? The declining oil price could drag down this rally.

Not out of woods yet

This is a potential bearish pattern, 1600 is still the key.

China

This is ultrashort of Chinese stock market. Clearly it just broke the support and now on the way to the south, which means Chinese market has hit the bottom.

Dollar

The dollar is right at the support. Oil needs its breakdown.

Oil services

980 is the key. Ready to break out or a shorting opportunity? Time will tell.

Finally we have something good here

The blue line is broken! Wow! If we can close above 1545 that means the first day above 30 day moving average since Sep 2nd. What an achievement!

NASDAQ

The blue trendline still dominates.

Bear market rally

There are lots of false hopes in a bear rally. Every time we rallied to a downward trend line or a moving average, we hoped something good was going to happen and we could break out. But every time the bulls got disappointed since we won't get any good news until near the end of the bear market. Now it is not the time yet. So don't hope, think clear.

SPWRA

SPWRA was added to my newsletter last week.

Holiday special!

I am putting out the biggest sale ever for my service. $560 for 2 years! That is right, $23/mo, 60% off the current monthly rate! So hurry, reserve the best rate now, which will only last till year end. After that, the rate will be raised to $60/mo or $600/yr.

Don't worry if you are a current annual subscriber, you can reserve this low rate now that will STILL be valid after your current subscription expires.

India market

India shares closed higher after the terrorist's attack. A good sign saying the worst may be over for now.

Bad feeling

America is going to die! All the banks are going to close doors! All the people are going to be unemployed and bankcrupt! This is how I feel this morning! Fear in the air!

Blogger is blocked again

The Blogger is blocked again in China since the Olympic this summer.

Update: CME

$75 pts in 5 days!

GOOG

I added to my newsletter last week, the short signal is triggered today.

CME

I picked up some CME short yesterday.

Why?

We are down over 300 pts on the Dow. Call me bullish biased or whatever you like, how come GS, MER, MS, BAC, JPM, V, MA are holding so damn well. Aren't they the first ones to get sold? I am just wondering.

More thoughts

My last long recommendation was stopped out on Sep 8th that is 490 pts above, my members stayed all cash till present. Why subscribe? To save you from crash! Investor could have easily lost thousands of dollars last month. For people who is too stupid to understand this, I say keep $56, you know how much you lost last month.

Some thoughts

People are still dreaming to make money short term, in this environment? Go for it, there is a better way to throw money. I am not smart enough to make you money, right now I can only help you not lose or lose less.

What now?

Even if this is the ultimate bottom which I believe it is, we are still in a BEAR market that might go on for longer than I previously thought. So cash is still the king.

What did I say?

I hope you listened to me on Friday. Too bad, if you did not.

Origin of the sin

Remember what I said if the bailout plan did not get passed? We crashed to 1600 in a hurry. That is why I said I want the socialism that would avoid the final crash in which some investor might have to sell the losing positions due to margin call or being scared. This is totally government's fault!

22 more days

Did some calculation: if we continue dropping like right now, in 22 trading days, Dow Jones goes to zero. Possible? I am not saying you should pick the bottom here, at least not a good place to sell your positions.

Cut?

Interest rate cut? The market is forcing the Fed to take action!

I want socialism!!!!

I can't believe 13 fucking stupid people destroyed the world's financial system that could be saved today. They should be killed for their stupidity. Why need a vote???? Just pass the bill like the Chinese government!

Financials

I think the bailout plan will be passed in the end. Why? Since the financial stocks are holding well. JPM, BAC, CME are all in green.

NASDAQ weekly chart

The bailout plan has to be approved, otherwise we could see a quick 300 pts decline easily.

It was so depressed and so exciting in one week

Last week will be memorized, 2008 will be memorized.

Finally it is over

The low is in, the crisis is over, TSI is crossing up, we are going higher.

Panic in the air!

I am sensing panic in the air.

Nice close, but

From the NASDAQ weekly chart, it seems the decline just started, though we closed nicely today, which does not change the bigger picture.

Disappointed

Today's action is bad, bad, bad.