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Closed my remaining position @ 1276.33

I have closed my remaining position @ 1276.33.
Total points made: 29.69

Get ready for Shorting opportunity.

Is good to take some of your profits and keep it in your pockets first.

S&P closed flat. Profit taking can be seen on friday.

Market is overbought. Is good to take some of your profits and keep it in your pockets first.

Let's watch how the market perform next week.

Booked partial profits @ 1278.89.

Booked partial profits @ 1278.89 on Friday.
Total point made: 32.25

S&P closed at 1284.59, +3.4%. WOW!! Amazing rally!!

Huat Huat to Everyone, double huat!!

Look like today will be another strong rally.
Be careful of
1) profit taking as market have went up SO MUCH
2) today is a Friday
3) Is coming to a resistance at 1300

SAVED. EU deal done!

European stock markets soar on news of debt deal.

http://www.marketwatch.com/story/european-stock-markets-soar-on-news-of-debt-deal-2011-10-27-31180

Long S&P @ 1246.64

Long small position in this morning @ 1246.64.

S&P closed at 1242, +1.1%.

Morning Everone,

Last night the market is waiting for the euro meeeting. +ve and -ve in the beginning.
S&P closed at 1242, +1.1%.
S&P still going strong. wow!!

Scheduled meeting for European Union finance ministers is cancelled.

Morning Everyone,

Scheduled meeting for European Union finance ministers is cancelled.

S&P -2%.

Do you smell blood?

Market is OverBought!!

Morning Everyone ,

S&P have "kicked" me out of the market. Cut Loss @ 1245.17.
Total points loss: 41.3

Will you go Long at this time? Since it have broke the resistance.

I will not.

I believe market will pull back 1st then rally up till end of this year, provided it form a Higher High Higher Low (disclaimer applied).

Market is OverBought.

U.S. Stock-Index Futures Retreat Amid European Negotiations on Crisis Plan.

Morning Everyone.

Everyone is waiting for a solution on this coming wednesday, 26/10/11, EU Economic Summit.

Then, We will have a clearer picture of what to do next.

Currently, U.S. Stock-Index Futures Retreat Amid European Negotiations on Crisis Plan.
http://www.bloomberg.com/news/2011-10-23/u-s-stock-futures-drop-as-european-leaders-rule-out-using-ecb-for-rescue.html

Huat to everyone who LONG and SHORT.

European Union looks to recapitalize banks

We're nowhere near a deal,” Charles Dallara, managing director of the Institute of International Finance, said in an interview with the AP in Brussels, where 27 European Union finance ministers were meeting, ahead of another gathering by European Union leaders Sunday. http://www.marketwatch.com/story/european-union-looks-to-recapitalize-banks-2011-10-22

Still no solutions yet.
Trade carefully as now is NEWS based trading.

Let's see whether we have any surprises from this Sunday's summit.

Eurozone ministers approve 8bn euro Greek bailout aid

Eurozone finance ministers have approved the next tranche of Greek bailout loans, potentially saving the country from a disastrous default.
http://www.bbc.co.uk/news/business-15401280

A new trend will be form if the resistance is broken. Caught me a surprise that the market rallied on Friday. If that happen, I will covered my shorts position next week and go for a small position to Long since market have rallied more than 10%.
 
Anything can happen over the weekend.

Happy Weekend Ahead.

Patient and Discipline.

S&P still sideways. Waiting for confimation.

Trading is all about Patient and Discipline.

S&P, Make Your Decision Please.

S&P at resistance. Still deciding where to go. UP or DOWN?
S&P, please decide. Everyone is waiting for your decision.

Resistance is Strong

SHORT S&P at 1203.87.

Critical Point

S&P closed at 1224.58. White Solid candlestick on friday shows investors are bullish on the market. No upper tail candlestick seen means there is no selling pressure when it goes towards 1220 ~ 1230 resistance.

Will it break the resistance and rally like December 2010 with little/decreasing volume?

1) Get ready to Long if it break the resistance.
2) Short if it fail to break the resistance.

This resistance is proven to be Very Strong as I have mentioned on 13 oct 2011.

Huat Lah !!

Great Day Everyone!

Have you HUAT from this rally?

I have covered my remaining @ 1197. Total points made from this trade: 68.82. There is selling pressure once it hit resistence around 1220 (Figure 1). 1220 is a very strong resistance (Figure 2).

Get ready for shorting opportunity.

 Figure 1

Figure 2

How High can S&P go?

Morning Everyone,

S&P rallied 3.4%. Closed at 1194.89. Hope everybody HUAT from this rally.

S&P have broke the 1st resistance. Watch out for the upcoming resistance and Price have increase with decreasing Volume. Better be careful.

The ECB said that it would buy an extra 40 billion euros ($53.7 billion) of covered bonds from banks and would continue to provide unlimited three-month liquidity to the region’s banks at least until July next year.

Morning Everyone,

Markets rallied as The ECB said that it would buy an extra 40 billion euros ($53.7 billion) of covered bonds from banks and would continue to provide unlimited three-month liquidity to the region’s banks at least until July next year.


S&P closed at 1164.97.
Yesterday I have taken partial profit at 1139.61.
Total 11.43 points profit from this trade. Small profits.
Let's watch how much profits can my remaining trade makes.

There is a resistance shown on the chart. Watch out for the resistance.

Steve Jobs' 2005 Stanford Commencement Address

When I was 17, I read a quote that went something like: "If you live each day as if it was your last, someday you'll most certainly be right." It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: "If today were the last day of my life, would I want to do what I am about to do today?" And whenever the answer has been "No" for too many days in a row, I know I need to change something.
- steve jobs

http://www.youtube.com/watch?v=UF8uR6Z6KLc&feature=player_detailpage#t=751s

Steve Jobs dies at 56. May he rest in peace.

Morning Everyone,

Steve Jobs dies at 56. May he rest in peace.

Im back in the market again. Miss the SHORTING the previous time. Not going to miss this rebound opportunity. Market is still weak and in the down trend. Will be careful.

LONG S&P @ 1128.18.

Preservation of capital before all else. - Warren Buffett

Morning Everyone,
S&P closed at 1131.42.

The major trend is still down-trend.