I'm still a bear

one last post for the moment. I'm still cautiously bearish. But it doesn't mean I won't long if I have a long signal come up. As a trader,we need to be flexible and nimble. Too confident is a danger in trading. That's all for now, I'll be back.

A Sweet YET Ugly Apple

I sold Apple(AAPL) exactly "just in time", which really lead me to crazy. Because Right after I closed out my call position which i bought a day ago, it soared! within less than 10second. i didn't realise it's actually forming a nice ascending triangle pattern.



In the late trading hours, I was able to re-entry a call position after it retraced back to its trendline support(around 125.25) and luckily caught a dollor profit when it soar again(peak at 126.75). I closed out the call before my bed time, and checked this morning it actually came down hard and I sold it at around the peak. Gee...! Damn lucky I still got profit out of it. It's just normal for the up and downs. Nothing unusual.

AAPL is a great candidate meant for Day- trading if anyone out there interested.

Everyone's Gone Bull

Look at the S&pP 500 chart, bears are at danger with the fully-controlled, mad bull attempting to break 880 line.

Oh...Lame

That's why my Olam was barbecued. I entered Olam at 1.73and was stop out within the day with 3 cents loss. it's ok. nvm.

I got two things which buzzed me. The good one is yesterday I longed DBS before Market close and it gapped up this morning on market open, em still holding it. But the bad things is I forgot to cancel my F&N stop loss and it was triggered this morning on mkt open--it's highest price till now, the stupid Marketmaker platform! wooo... I closed it out with a minor loss, overall i'm still profit but i just feel like a loser.

Well, it's normal, nothing unusual.

Short candidats

Good day! Today US market will be a much busy day for me, with S&P 500 futures negative 15points and Down Jones futures negative 127 points now. US is expecting to to open lower. I'm going thru my charts now... there are plenty of shorting opportunities and I'll be full loaded. Last night already shorted SPY and RIMM.

Here I have a stock for singapore short candidates:

Olam with stop loss @1.76, chart yourself.

Nice weekend ahead!

Weekly

This week's action is fully expressed in the candlestick chart shown below. If you've ever wondered what an ideal hanging man pattern looks like, here is a real time example.

Just to note, S&P 500 is seen as market benchmark by most of traders as compare to Dow Jones.

Super Strong Commodities

If you haven't bought a piece of commodities share yet. U probably missed out large part of the easy money. I have stressed this is the only sector which is nice uptrending. Stocks such as IndoAgri, olam, wilamr, Noble all rallied with stunning gain. check the charts yourself...