shadow box

Senate Finance Committee approved 10 year, $829 Bil health-care reform bill. CIT ceo to resign. AIG sold NanShan in Taiwan.

10.14.2009

Happy bulls at work. JPM blew away the numbers, DOW touched 10000 S&P 1088 with oil over $75. with some heavy weights reporting tomorrow.

2.30pm short/ 2.45pm short/ 2.55pm short

Dow: 10016 +145, S&P: 1092 +19 Nasdaq: 2172 +32 Oil: $75.18 Gold: $1065

10.15.2009

1.45pm 2.45pm short

Strong numbers from GS Dow at new high at 10060, GOOG post strong earnings, IBM down.

10.16.2009

BAC posted huge losses, Ken Lewis to give back pay and give up bonuses, GE profit slumped, intraday Dow down 110 at 9940, S&P 1082.

Foreclosures worsening as unemployment continues to deteriorate. weakness in real estate, financials, and retail, oil is holding up better at close to $78.

USD rebounded against major currencies. Dow: 9996 Nasdaq: 2157 S&P: 1088 Oil: $78.67 Gold: $1057, 99 Banks failed so far this year.

10.17.18.2009

Autumn in the air.

10.19.2009

10am short, 2.50pm short.

Oil Future over $80 with AAPL reported nicely. Dow at year high, S&P touched 1100.

Dow: 10092, Nadaq: 2176 S&P: 1098 Oil: $79.78 Gold: $1058

10.20.2009

8.45am covered 9.15am covered 2.50pm buy

10.21.2009

busy day on the street...

8.35am sold 8.45am sold 9am short 9.30am short 10.30am covered 10.40am covered 11am short 11.15am covered 11.30am buy 12.45pm sold 12.45pm buy 1.45 sold 2pm short 2.35pm short 2.59pm covered

dramatic reversal as Dow plunged 130 pts in matter of minutes. Oil hit year high intraday $81.99. gold at $1065 as USD hits new low. FED Beige book showing credit market is still deteriorating and consumers holding back on spending. as the market hit fresh highs concerns of assets inflation on weak dollar and surging oil price could undermine the so called "Recovery". another wave of reports on earnings tomorrow as Q3 earnings so far are filled with mixed signals and smokes.

Correction talks are in the air as the market goes higher, and more people are less likely to stay put, staying put on the faith of Obama administration will fix everything. or not.

10.22.2009

起风了, 天要冷了吧

1.30pm buy 1.45pm buy Dow surged 132 pts with S&P approaching 1100. sector rotations continue with mix signals on earnings and valuation. Chinese ADRs should be on the spotlights again. 1 Euro buys $1.50. 

movie: Law Abiding Citizen--good   

10.23.24.25.2009

FDIC Friday

7 more banks failed, 106 so far this year.

Dow: 9972 -109 Nasdaq: 2154 -11 S&P: 1080 -13 Oil: $79.64 Gold: $1056

10.26.2009

1.30pm traded.

10.27.2009

12pm sold 12.30 short 1pm short

10.28.2009

11am covered 2pm buy

Gold $1031 and Oil down at $77.46, Dow down 120 pts at 9763 S&P down 21 at 1043 Nasdaq down 57 at 2060, USD rebounded.

10.29.2009

9.15am sold 11.30am short 11.45am short 1pm short 2.45pm covered 2.59pm covered

Dow surged 200 pts on Q3 GDP growth. green shoots everywhere, Oil and gold surged. S&P added 23 pts to 1066.

Toady a great start in the morning but in the afternoon was disappointing with another trading mistake wipped out today's gain.  

Don't make expensive mistakes. hedge it you idiot.

10.30.2009

Personal Income, PMI, and Consumer Sentiment numbers in the morning, anything better than expected will further fuel this rally.

starting Tue. next week should have that correction coming, November might be a rough one. 

October got spooked, Correction has now underway with lack of conviction and wide range swings. CIT is ready to fold.

Chicago PMI came in at a healthy 54.2 with m/m consumer spending down 0.5% and y/y income down 2.8%, The bears won't be hibernating this winter.

Dow: 9713 -250

S&P: 1036 -30

Nasdaq: 2045 -52

Oil: $76.99 -$2.87

Gold: $1040 -$7

FDIC Friday: 9 more banks failed this week

10.31.2009 

Trick or Treat!

11.01.2009

Took kids fishing, they caught a lot of nice ones!

CIT filed for Chapter 11. With nearly $60 billion in assets, CIT's bankruptcy will likely mean that the Treasury Department loses the $2.3 billion it invested in the company -- the biggest loss from TARP so far.

Spooky~

11.02.03.2009

Anticipation of FOMC meeting on Wed. waiting on the sideline. Warren Buffett of Berkeshire Hathaway buys Burlington Northern Santa Fe Corp for $44 Billion, biggest of his life. Like everyone else, I guess no change on rates. USD weak to Euro and strong against Yen. ups and downs in a trading range, a bit narrow.

11.04.2009

Fed Left rates unchanged as street expected, Gold hit all time high at $1087, Oil over $80 and sharp reversal on Dow from 9927 to close at 9802 in the last trading hour, S&P at 1047 and Nasdaq 2056. Real estates turned weak before close. 

11.05.2009

Dow surged 200pts above 10k with gold near $1100, Job data tomorrow with AIG, C, BX reporting. FNM Q3 loss $19.8 bil and ask for $15 bil more for aid..

Tech issues strong with Nasdaq surged 2.5% above 2100. oil above $80. Can't touch this.

11.06.2009

Job data: Nonfarm payroll adjusted loss at 190000, unemployment rate at 10.2%, hourly average wage m/m at +0.3% with average weekly work hours at 33.

USD weak oil dropped 2.75% while gold at all time high intraday $1101 closed at $1096, market indexes up slightly Dow to close up 3% for the week.

11.09.2009

Continuing market rally with optimism on quatitative easing with Dow extended 204 pts at 10227 year high S&P 1097 up 24 and Nasaq 2154 up 42, Gold closed above $1100 and oil $79.

2.58pm short

11.10.2009

MBI reported heavy loss and ABK warns of Chapter 11.

11.11.12.2009

Gold making new highs and oil retreated, USD at 15 months lows and all seemed quiet at eastern front. Dow made intraday highs briefly and M&A all over charts with HPQ buying COMS and INTC to pay AMD in settlements.

11.13.2009

Trading range narrowing. staying put.

123 banks failed so far in 2009.

11.16.2009

Dow made another year high with S&P over 1100, Gold touched 1141 intraday and oil moved up.

Dow: 11407 Nasdaq: 2198 S&P: 1109 Oil: $78.97 gold: $1139

11.17.2009

12.45 short 2pm short

CPI and Housing Starts tomorrow. Dow 10437 and S&P 1110. 

11.18.2009

10am short 10.20am short

11.19.2009

8.45am 9am covered

Markets plunged as USD strengthens and global economic outlooks are less optimistic.

11.20.2009

11.23.2009

Dow intraday high 10495 closed at 10451, S&P 1106 with gold $1165 intraday all-time high at $1174.  

11.27.2009

The day after Thanksgiving.

AM Oil tumbled over 6% with Dow futures down over 300pts over banks' exposures on Dubai World's debt. 

HK lost over 5% and heavy losses on world markets abroad. 

After serving turkey, now pork is served. 

12.01.2009

Gold in fresh highs above $1200, Dow climbed to 14 months high intraday closed at 10472 S&P 1109 and Nasdaq 2176, oil steady at $78.29

12.02.2009

Rally continues on USD weakness, with some minor pull backs but oversea's markets are showing strength. gold topped $1225. BAC to pay back tarp, raising $19 bil.

12.03.2009

Minor pull backs in the markets on job loss, gold retreated a tap. nothing excited....

Dow: 9789 Nasdaq: 2131 S&P: 1063 Oil: $66.95 Gold: $994

09.29.2009

9am short, 12.15pm short.

天啊, 原来天才与白痴只不过是一线一念之差.

昨夜起风, 今天凉.  

09.30.2009

9am covered/ 9.15am covered

Spectacular day in the market with wild swings on disappointing PMI, oil back to 70 bucks and gold above $1000, Ken Lewis to retire from BofA on Dec 31. 

CIT is ready to fold.

10.01.2009

中国国庆60周年

10.01.2009

yup, the infamous October is here. Dow: 9509 Nasdaq: 2057 S&P: 1030 , employment data tomorrow will be the key to set the trend.

Seems like the market has given a down note ahead of this one, will be watching out for a rebound on this drop as bad news might have already been baked in.

To see James getting his all-powerful Alienware---Priceless.

10.02.2009

Job losses accelerated in Sept. with unemployment rate at 9.8%, nonfarm payrolls fell by 263,000. it marks the 21st consecutive month of job losses. 

2.45pm covered, 2.45pm buy 

Rio to host 2016 Olympics, London 2012. 

10.03.04.05.2009

9am sold, 2pm short 2.15pm short

GS upgraded big banks as the earning season begins on Wed.

10.06.2009

8.30 covered

Gold over $1040 on USD weakness on Aussie central bank quarter pt rate hike and possible dollar replacement currency on oil. Aussie lifted rate 25 basis pts.

10.07.2009 

To give grandma back massage for 15 minutes: $5

Vacuum all the rooms at home: $10

Dusting furnitures and appliances: $10

Empty trash cans in the rooms and take out garbages: $10

Weekly allowance per kid: $20 

To save up a long time and buy mom a nice LV handbag for her birthday:  Priceless.

Mason, Justin, James, my lovely kids, first birthday present bought for mom.

10.08.2009 

DXY to test new lows, gold over $1050 on futures trading. AA posted positve and the Q3 earnings begin, trend is up and back to stock picking.

10.09.2009

Obama won 2009 Nobel Peace Prize. I am a fairly peaceful guy, why didn't I get it?

Dow: 9865 S&P: 1071 Nasdaq: 2139 Gold: $1049 Oil: $72.29

10.10.2009

 Jen's Birthday

09.02.03.04.05.06.07.2009

Labor Day weekend and an extra day for kids to play!

With this week ended as unemployment came in at 9.7% and job loss at 216,000, but I guess that's better than expected as Dow surged 97 pts, gold approaching $1000 mark again. This recession so far has claimed 7.4 million jobs.

5 more banks failed this week and total of 89 in 2009. As the summer is offically over next week, things should get busy on Wall St., but I doubt the volatility will heat up as poeple are still gaming on which direction we will go forward from here in the near term. Correction or not, that's a million dollar question.   

On the gay side, and I mean GAY as in boys like boys, Southern Decadence Party in the French Quarter is on. After been cancelled for the past two years on the hurricane fears, this year plenty of peple are in the Quarter for the event, and I am somehow relieved that poeple, gays or not, are still coming to Nawlins for a fun and wild weekend.

09.04.2009 Dow: 9441 Nasdaq: 2019 S&P: 1016 Oil: $67.79 Gold: $997

09.08.2009

decisions decisions...yawn......

energy real estates and precious metals on the spotlight, weakness in USD and financials. tomorrow on volume should pick up and volatility returns.

09.09.2009

Pres. Obama speaks before Congress, mainly on health-care reform and the state of economy.

Basically, health-care for all without raising a dime in deficit.

one Republican. rep screamed-out "you lied" during his speech on the part of no health care insurance benefits for illegals.

well, he's lying or not no matter, but tax hikes soon i am sure of, can't think of any other ways. 

09.10.2009

8.30am short/8.45am covered/2.40pm short/2.59pm covered. lucky day.

Nothing can stop this raging bull...sort of.

Dow closed at 2009 high at 9627 +80, S&P: 1044 +11, Nasdaq: 2084, Oil: $72.10, Gold: $997...MS changes CEO.

09.11.2009

remember 9.11.2001

09.11.12.13.2009

Obama to set 35% punitive tariff on Chinese tire imports. For three long years 35% the first year 30% the second and 25% the third that's on top of 4%.

It will be interesting to see the market's action on Monday as this might create a chain reaction of over-reactions and imaginations running wild, such as China's retaliations and Treasurys auctions going without it's strongest backer, and similar actions imposed on import products other than tires...so on and so forth. 

BBQ and dim sum, love it~ rainy and a bit windy this weekend but beat the heck out of the hot and sweaty summer days!  

Looking ahead Monday Obama speaks on banking reform, Tue marks one yr after Lehman and Aug retail sales, PPI and biz inventory, Wed CPI and industrial production, Thur housing starts and weekly jobless claims, Fri quadruple witching and state-by-state employment reports.

Now the expectations are up and with protectionism and trade wars in the air, correction should begin tomorrow.

if not, what will? yea, what will??

09.14.2009

10.40am short/11.30am covered/1.40pm short/2.50pm covered

tier one traders at work.

09.15.2009

8.40am buy, 9am sold, 9.15am short, 2.15pm short. 

2.30pm liquidated 100% longs.

Dow: 9683, Nasdaq: 2103, S&P: 1053 Oil: $ 70.15, Gold: $1006

Ben says : Recession is over! (I think he is kidding)

let's party people!!  

09.16.2009

8.45am covered/9am covered /9.15am covered /10.30am covered. Running like hell and what a bad day.

Sold and shorted too early. intraday Dow surged over 100 pts S&P up nearly 15, Oil close to $72, gold over $1018 all sectors are strong.

 
09.17.2009

Volatile day on the street, some profit-taking and sector rotations after this run-up but market is very resilient and simply refuses to go down. Congress to extend unemployment benefits in some states with high unemployment rates yet in fairness why not extend these benefits to all and save some controversies? Housing rebate, cash for clunkers, and massive bank bail-outs will likely raise serious problems on stellar national deficit looking forward. high unemployment rates and costly health-care reform and weak dollar are the keys to this economic recovery and funtamental changes in consumer spending post even higher threats to main street abroad. 94 banks failed so far this year.

Dow: 9820, Nasdaq: 2133, S&P: 1068 Oil: $71.85 Gold: $1010