Morning Comments

Good morning ! Friends.

What a day. I feel today is pretty much a trend up day. Luckily, I have warned to sell QID once 38 is broken, and warned the end of the market correction starting from May 7, see below the past posts:

1

2

3

The EURO is very bullish, and is almost 1.38 now. Oil has climbed up to 61. oh, man. I am thinking we should worry about inflation now, just kidding.

Asia market last night has a nice consolidation and rest, waiting for US market's signal.

Bank of America Corp. was able to raise billions of dollars in capital and it is on fire now, up more than 8% as I am writing this comments.

Today's market close prediction has been updated. The link is here.

Please notice that 2:00 PM FOMC Minutes
at 5/20/2009 09:50:00 AM

14 comments:

  1. AnonymousMay 20, 2009 at 10:20 AM

    Thanks a lot. Tiger, I have unloaded my QID positions with your help. When should we reload QID again ?

    ReplyDelete
  2. tryittryMay 20, 2009 at 10:20 AM

    Totally missed this rally. Want to join, seems too high without meaning corrections.
    Tiger is it too late now?
    Thaks!

    ReplyDelete
  3. TigerMay 20, 2009 at 10:26 AM

    Try,

    I think for some individual stocks, it is ok to join. The general market is now trying to hit a new higher high, as mentioned in yesterday's close remarks. IF no new higher high is made in this rally, I will buy back my QID.

    Tiger

    ReplyDelete
  4. TigerMay 20, 2009 at 10:42 AM

    It should be very interesting to see if 2:00 PM FOMC Minutes has some effects on the market, and if we can have an intra-day reversal...

    ReplyDelete
  5. TigerMay 20, 2009 at 10:43 AM

    watch and learn. fun day

    ReplyDelete
  6. Ben KevanMay 20, 2009 at 11:18 AM

    I'm bag holding FAZ / QID .. QID right now at 37.00 .. may AVG down for small moves to bring down my break even.

    Tiger.. one thing you should consider when you write and reference is this (here's a re-write of your entry):

    Good morning ! Friends.

    What a day. I feel today is pretty much a trend up day [1]. Luckily, I have warned to sell QID[2] once 38 is broken, and warned the end of the market correction starting from May 7[2], see below the past posts:

    [1] trend
    [2] QID support broken
    [3] market correction completed

    The EURO is very bullish, and is almost 1.38 now. Oil has climbed up to 61. oh, man. I am thinking we should worry about inflation now, just kidding.

    Asia market last night has a nice consolidation and rest, waiting for US market's signal.

    Bank of America Corp. was able to raise billions of dollars in capital and it is on fire now, up more than 8% as I am writing this comments.

    Today's market close prediction has been updated. The link is here.

    Please notice that 2:00 PM FOMC Minutes

    Above shows what each link is referencing, this is similar to how wiki's reference (although they add the links to the very bottom). Just a thought :o)

    ReplyDelete
  7. TigerMay 20, 2009 at 11:35 AM

    Ben,

    Thanks a lot for your sharing and your ideas regarding the links. I will follow your suggestions for later posts. Really appreciate it.

    Sorry to hear that you have some loss on QID and FAZ. Here are something to encourage you, the economy is still suffering, the unemployment rate is still high and will hit double digits soon. So after this rally wave. I do believe the market will be very bearish, and may make a new lower low than last November and this March.

    I am watching FAZ as well if it can drop to below $2, I will gradually buy them. FAZ could easily make us big money if the financial sector sucks again.

    Happy trading and best wishes to you.

    Tiger

    ReplyDelete
  8. AnonymousMay 20, 2009 at 12:03 PM

    Thanks for your sharing. -- yy

    ReplyDelete
  9. UnknownMay 20, 2009 at 1:01 PM

    thanks Tiger for the nice work. Solar is on fire last couple days. As for the gen. mrkt, thought would be a rally but the degree of pull back looks suspicious.

    ReplyDelete
  10. TigerMay 20, 2009 at 1:38 PM

    Wang,

    thanks for sharing. yes. solar is on fire. JASO, one of our watch list, so far gained 20%.. very nice.

    Tiger

    ReplyDelete
  11. AnonymousMay 20, 2009 at 3:15 PM

    jumped in yge this morning and made some $ and now I am in Qid, looks like the turn maybe around corner. Let's c

    -wang

    ReplyDelete
  12. TigerMay 20, 2009 at 4:06 PM

    wang,

    nice move. QID looks good so far. I may review it later.

    Tiger

    ReplyDelete
  13. Ben KevanMay 20, 2009 at 4:10 PM

    QID today .. hit its pivots.. I think it's up tomorrow because of job numbers due out at 8:30 .. markets expect 640k .. but ANYTHING over 500k IMO is horrific.

    Just hope the PPT doesn't screw up over.

    ReplyDelete
  14. TigerMay 20, 2009 at 4:24 PM

    Ben,

    I agree with you, tomorrow the job numbers is very important. Very glad to see you may earn money from QID soon.

    Keep sharing your opinion.

    Tiger

    ReplyDelete

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