it is a day trader's dream come true.

Ulic are you one of those traders?:D

I think this rally will soon be over. With FedEx and Texas Instruments forecasted far lower then analysts were expecting and miserable unemployment figures from last Friday.
Don't put additional hope on the "Big 3" bailout cause the market is already priced-in.
With GS reporting earning next Tuesday, this is setting up a massive selloff soon. Take your profit now and go short on financial again!!

Look out! We might see the market testing new low during the 1Q of 2009.

i don't even know whats going on anymore

you would have imagined with the terrible unemployment figures released on friday, that the stock market would drop but it still managed to rally!!

the market hasn't made any sense in ages.. otoh, s&p made a higher high today.

I think the rally will last for a few more days.
Even with all this bad news the market needed a correction to the upside in order to bring more sellers/shorts back into the game.
I can see the DOW heading back to 9000+ or the previous election highs this week before options expiration.
All market direction is pointing to short-term upside.
Best scenario for bulls would be a pullback to test support and then another leg up from there.
Anyways primary downtrend is still down so always have stops in place if your playing the bull side.:)

^tons of money inflow into financials, yet they mostly dropped today.

Financials have led this rally and have been on fire for the past few days.
A pullback and some profit taking was going to happen sooner or later.
Lets see if the DOW can hold it's 8800ish support.
Volume has been low today so most of the action I'm predicting will happen at the end of the day.

SRZ has been good to me the past few days :D

^
But the financial pull backs are coming from mostly shorts covering for the better part of last week, or the profit taking will happen at the 15-20% increase, and profit taking usually goes for more than 3%, typically 3-5% in my past experience

Most of the financials shot up close to 30% and we see drops of 1%ish for MS, GS etc. C is just fucked up with such a crappy portfolio yet it's going up 4%+, almost on a daily basis for the past week.

IMO this market is fucked up and since the earnings are taking such a big hit, the share price will be going down.

A few things on the market right now:
1, wide ranges,
2, buy and hold, and you get fucked in the ass
3, bad news = stock goes up "Oh the worst is over" :D

Don't try to make sense of the market.:haha:
If the big boys want financials to go up then they'll make it go up.
Financials were shorted and sold down like 60-80%. Anyone still short at that level would have been taking a massive gamble.
Financials will still go down further...but nothing ever goes straight down forever.
Just think of this as an opportunity to short more at the tail end of the rally,
Bailout for automakers will probably be done on Wed.
Could this be the catalyst for the next leg up?:D

Broke through support. Could get ugly at the end of the day...

got nothing in the market, got all out this morning.

Big shot is staying in the office for the week, cant let them see me do the victory dance/sad puppy face.

Can not believe I still made a little bit :D

XLF 13.00 is important support for financials.
DOW 8600ish level as well.
If we hold here then the gap from Mon. is filled and we can continue up.

Will be tough for the bulls to get this thing going though.
There's just too much bad news out there.
Companies going bankrupt left and right with debt increasing each day.
I guess their excuse is the Auto bailout and Obama rally. LOL

I kept hoping it will break 8600 today

too sad ,boohoo

What an uneventful day.
Got stopped out left to right because of the choppy action.:mad:
Looks like the Republicans gave a big "FU" to the auto bailout.:haha:

Tomorrow's trend..
 

Hey guys
what do u guys think about tomorrow's session is gonna be like?

830 GS reports their 4th q earings n there is someother report
230 fed's decision on rate cuts?

i personally think GS's report wont be as bad as it seems even thought its their first quaterly loss ever, but i think the feds cut would be the major determinin factor here.

p.s im long tomorrow on the financial sector 15% of my porfolio lol if it tanks some more then i will just avg my way down lol

ne suggestions?

So my speculation was right today
my next delimma is...
now im holding 1k shares of fas @ 20.9
its currently at 25.5.
get ridded of it? or hold till end of week...
keep in mind i've seen it at 31 last week...
maybe trailing stop?

20% up on financials in 1 day? wait for the pull back. Financials are black holes, that has not changed at all.

and the current market is anything but buy and hold. Take your profit and leave.

fuk it..
closed half my position at 26 few mins before closing
have stop loss ready for my other half..
will live to fight another day tomorrow..haha
good luck hunting..!

hey Wouwou
u trade AH?
ne suggestion as to where i can do so?
or if i can trade ah with my current broker??(td)

^^ you can trade AH with TD if you are on active trader account.

^what Sc said

I just got fucked by Questrade for the I dont know how many times, with "unscheduled maintenance" happening 3 times within the last hour.

I am switching. How's TD's fees?

^thxxxxxx

30$ each trade
$9.99 each trade after u do more den 30 in 1 q
n $7 if u do more 150 in a q