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What I mean is if Obam bulldozes his way,

    the euphoric rally will be real juicy for the weeks that follow...

            This is where the money can be made from the public response.

                      But if Obam does that, that would be an 'ostrichy' move...

Gaecia      ( Date: 29-Jul-2011 21:47) Posted: Where got juicy peaks? Mon opening jump in to  Short imo  is  also  suicidal, how to s when people are running for their lives? One hour later if bbs decides to prop the index up, can also trap short sellers big time. *blur*  This is  really like ->   Go long also dye, go short also  dye. LOL! iPunter      ( Date: 29-Jul-2011 21:34) Posted: Many juicy peaks to look forward to...

 

Where got juicy peaks?

Mon opening jump in to  Short imo  is  also  suicidal, how to s when people are running for their lives? One hour later if bbs decides to prop the index up, can also trap short sellers big time.

*blur*  This is  really like ->   Go long also dye, go short also  dye.

LOL!

iPunter      ( Date: 29-Jul-2011 21:34) Posted: Many juicy peaks to look forward to...

 

I pity the brokers more,

    since they have will  have to be chewing on their

              smartphones or Android tablets during lunch outside...

Gaecia      ( Date: 29-Jul-2011 21:38) Posted: ?? But my Juicy is  on a break. So  will i this Aug.  I promised myself not to fool around with sgx and simply can't bear to go hungry the entire  day. Anyone wants to bring me lunch? iPunter      ( Date: 29-Jul-2011 21:34) Posted: Many juicy peaks to look forward to...

 

 

??

But my Juicy is  on a break. So  will i this Aug.  I promised myself not to fool around with sgx and simply can't bear to go hungry the entire  day.

Anyone wants to bring me lunch?

iPunter      ( Date: 29-Jul-2011 21:34) Posted: Many juicy peaks to look forward to...

 

It is  normal mentality for people to run for their lives right  @opening.

 

Ma_{ny juicy peaks to look forward to...} 

 

 

US GDP figures are out,  broadly disappointing. The media had  played it up before release.

It  is risky to go  long over the weekend. US futures  was  very red this afternoon, so  was Europe's opening.  There's a slew of economic data coming out from the US tonight, next up  is June's ISM data. 

Let's  watch how US  will fare tonight.

 

Gaecia      ( Date: 29-Jul-2011 12:40) Posted: Little rabbit,  believe it or not  i  don't have buying plans  today.  US will be releasing 2 qtr GDP figures tonight, the media says  forecasted to be good by economists. Oh well, what do we know. i bought CDL yesterday just sold it this morning. Likely consolidating this couple of days.  I don't think  this burger & capitaland will  go down the toilet but  just see whether this weekend have interest hike news or not.  Have hike then it might dip and then rise from the grave next day? I thought  Mon can always buy in again this siao market, always a mystery to moi. I do think ocbc will be very  stable  (range bound)  before earnings announcement, if you like can buy  on dip and sell to play the range prior to the big day. Current resistance is 9.95.   rabbitfoot      ( Date: 29-Jul-2011 12:18) Posted: Hi Gaecia-san What'ya buyin today ? Can hitch you for a ride ? Expecting some good news from Uncle Sam soon...

 

(Reuters) - The U.S. economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period as consumer spending barely rose.

The Commerce Department data on Friday also showed the current lull in the economy began earlier than had been thought, with the growth losing steam late last year.

That could raise questions on the long held view by both Federal Reserve officials and independent economists that the slowdown in growth as the year started was largely the result of transitory factors.

Growth in gross domestic product -- a measure of all goods and services produced within U.S. borders - rose at a 1.3 percent annual rate. First-quarter output was sharply revised down to a 0.4 percent pace from a 1.9 percent increase.

Economists had expected the economy to expand at a 1.8 percent rate in the second quarter. Fourth-quarter growth was revised to a 2.3 percent rate from 3.1 percent.

" The second quarter disappointed, but the first-quarter downward revision is more disturbing. It advances the pangs of concern. The debt ceiling nonsense is not going to help us. We're already in an economy that is subpar," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

" Gasoline price increasing from $3 to $4, that really slapped the consumer back considerably."

U.S. stock index futures added to losses and government debt prices extended gains after the weak GDP data. The dollar fell to a four-month low against the yen, while the Swiss franc hit a record high against the greenback.

FUNDAMENTAL SLOWDOWN?

Economists had expected the economy would show signs of perking up by now with Japan supply constraints easing and gasoline prices off their high, but data has disappointed.

This and the sharp downward revisions to the prior quarters suggest a more troubling and fundamental slowdown might be underway.

There is also heightened uncertainty over the outlook because of the impasse in talks to raise the nation's borrowing limit and avoid a damaging government debt default.

The Treasury says the government will soon run out of money to pay all its bills.

Economists have warned that a debt default could push the fragile economy over the edge.

" Clearly this is evidence of a mid-cycle slowdown. The only question now is do we see a pick up in the second half and so far the economic data to date doesn't suggest that," said Tim Ghriskey, chief investment officer at Solaris Asset Management in Bedford Hills, New York.

Data released on Friday showed the 2007-2009 recession was much more severe than prior measures had found, with economic output declining a cumulative of 5.1 percent instead of 4.1 percent.

The annual revisions of GDP data from the Commerce Department showed the economy contracted at an annual average rate of 0.3 percent between 2007 and 2010. Output over that stretch had previously been estimated to have been flat.

The economy needs to grow at a rate of 2.5 percent or better on a sustained basis to chip away at the nation's 9.2 percent unemployment rate.

CONSUMER SPENDING BRAKED SHARPLY

The March earthquake in Japan severely disrupted U.S. auto production. The resulting shortage of motor vehicles weighed on retail sales as consumers were unable to find the models they wanted. That combined with high gasoline costs to curb spending.

Consumer spending, which accounts for about 70 percent of U.S. economic activity, decelerated sharply to a 0.1 percent rate -- the weakest since the recession ended two years ago.

Spending grew at a 2.1 percent pace in the first quarter.

Motor vehicle production subtracted 0.12 percentage point from gross domestic product growth in the second quarter, after adding 1.08 percentage points to first-quarter GDP growth.

The composition of growth in the April-June quarter was weak and could prompt economists to dial down their expectations for a quick and solid rebound in the third quarter.

A smaller trade deficit, as imports slowed, was one of the main contributors to the rise in second-quarter growth, with businesses spending and inventory investment also adding to output.

Government spending declined again in the second quarter as state and local authorities continued to pare their budgets, even though defense expenditures rebounded at 7.3 percent rate after contracting at a 12.6 percent rate in the first three months of the year.

Home building rose at a 3.8 percent pace, while investment in nonresidential structures increased at an 8.1 percent rate.

The easing of the auto parts disruptions and a drop in gasoline prices could be a tail wind to third-quarter growth, but economists are concerned that June data was rather weak.

The report also showed a moderation in inflation pressures, with the personal consumption expenditure price index rising at a 3.1 percent rate after rising 3.9 percent in the first quarter. Excluding food and energy, the core PCE index rose 2.1 percent, the fastest since the fourth quarter of 2009, after rising 1.6 percent in the first quarter. It overshot the Federal Reserve's preferred 2.0 percent level.

 

Funds are definitely back in Asia. Thailand reached all time high in 15years and also in Indonesia. Look at south east Asia, all very resilient this week...

muifan      ( Date: 29-Jul-2011 15:27) Posted: Indeed, so how to be devoidofemotions like you leh ipunter sifu? Europe big pengsan again ... but then i mus say our STI is quite strong for the pass few days.... is this the sign that manny pple anticipating funds flowing back to asia? iPunter      ( Date: 29-Jul-2011 15:18) Posted: It is easy to make a lot of intricate plans...     But when the time comes, all the plans will                 be discarded in an instant...                           This is why trading is                                     such a difficult game...

 

The act of averaging can make many " pokai" in the long run... 

 

TA and fundmentals analysis are rather

      easy for any diligent person to master.

        But it is the psychological part that is so difficult.

                      Can you, for instance, overcome the natural human

                                urge to average down or average up when in the

                                          troes of tossing by the market's dynamics?

                                                    Few can do that... 

muifan      ( Date: 29-Jul-2011 15:47) Posted: as long as I can learn how to master myself to the highest level of being a robot   iPunter      ( Date: 29-Jul-2011 15:44) Posted: Starbucks is rather compact and crowded...

 

as long as I can learn how to master myself to the highest level of being a robot

 

iPunter      ( Date: 29-Jul-2011 15:44) Posted: Starbucks is rather compact and crowded...  muifan      ( Date: 29-Jul-2011 15:41) Posted: ipunter sifu , can i come into your trading room?

 

Starbucks is rather compact and crowded... 

muifan      ( Date: 29-Jul-2011 15:41) Posted: ipunter sifu , can i come into your trading room?   iPunter      ( Date: 29-Jul-2011 15:34) Posted: A robotic but natural disposition (second nature)       can only come with years and years of practice...

 

ipunter sifu ,

can i come into your trading room?

 

iPunter      ( Date: 29-Jul-2011 15:34) Posted: A robotic but natural disposition (second nature)       can only come with years and years of practice...

 

A robotic but natural disposition (second nature)

      can only come with years and years of practice...  

 

Indeed,

so how to be devoidofemotions like you leh ipunter sifu?

Europe big pengsan again ...

but then i mus say our STI is quite strong for the pass few days....

is this the sign that manny pple anticipating funds flowing back to asia?

iPunter      ( Date: 29-Jul-2011 15:18) Posted: It is easy to make a lot of intricate plans...     But when the time comes, all the plans will                 be discarded in an instant...                           This is why trading is                                     such a difficult game... rotijai      ( Date: 29-Jul-2011 14:48) Posted: i think a better way is.. set 3 prices 1 for  stop loss - to minimise loss 1 for profit taking - to stop profit from becoming loss 1 for target price - to max the profit i always believe closing a position is a lot more important than opening a position always be strict when it comes to opening a position.. but always be lenient when it comes to profit takin

 

It is easy to make a lot of intricate plans...

    But when the time comes, all the plans will

                be discarded in an instant...

                          This is why trading is

                                    such a difficult game...

rotijai      ( Date: 29-Jul-2011 14:48) Posted: i think a better way is.. set 3 prices 1 for  stop loss - to minimise loss 1 for profit taking - to stop profit from becoming loss 1 for target price - to max the profit i always believe closing a position is a lot more important than opening a position always be strict when it comes to opening a position.. but always be lenient when it comes to profit taking muifan      ( Date: 29-Jul-2011 10:42) Posted: In this scenario of my GSP case... i notice I got discipline in cutting loss, but  no discipline in taking profit :

 

i think a better way is.. set 3 prices

1 for  stop loss - to minimise loss

1 for profit taking - to stop profit from becoming loss

1 for target price - to max the profit

i always believe closing a position is a lot more important than opening a position

always be strict when it comes to opening a position.. but always be lenient when it comes to profit taking

muifan      ( Date: 29-Jul-2011 10:42) Posted: In this scenario of my GSP case... i notice I got discipline in cutting loss, but  no discipline in taking profit :( iPunter      ( Date: 29-Jul-2011 10:39) Posted: The first thing to avoid is being " gian-gian" to make money...     The second thing is to master oneself...           Stocks playing is not about mastering the market...                             It is all about mastering one's self...

 

Only people can be crazy...

    The stock market is a neutral entity

              in which crazy people can learn much... .          


 

rotijai      ( Date: 29-Jul-2011 14:17) Posted: well.. the market is normally crazy? :P iPunter      ( Date: 29-Jul-2011 14:14) Posted: How can we say the market is " going crazy" ?       The market has always been its normal self...