just look at the tremendous volume on the S&P 500, its volume is almost as huge as the drop from bear stearns!

US markets opened on 1st july gapping down after europe closed with an almost 3% drop and suddenly started to rally. Funds are buying for window dressing. however whether this rise will continue is not confirmed yet.. the market needs close above the SPX 1298 level for a continued rally.

Gold rallied again today finishing the session higher by 16.20 to 944.50. Gold has resistance at 950.00. The support levels for gold are 900.00, and 880.00. Continue to watch the U.S. Dollar as gold and the dollar generally trade inverse to each other.

the big one should come.. latest by next tuesday..

Bought

SingTel DBeCW080908 $0.065

Sold on 7/7/08 at $0.045 (-30.77%)

Critical support of 1329 broken on the S&P 500, next major support will be 1298.

Oil rebounded after yesterday's sell off as geopolitical rumors circled on wall street.

Now when everyone says oil is going to go up up up, i'll say oil is coming down in the near term. The mega money will be pulled out from commodities and waiting to go into the stock market.

Lets see what happens on monday, i'm feeling a rise in the markets real soon.

Goldman sachs

Second-quarter net income declined to $2.09 billion, in the three months ended May 30 from $2.33 billion a year earlier, the New York-based company said in a statement on Business Wire 17th june 08.

Goldman shares were the only one of the world's 10 biggest investment banks to advance in 2007, when the company reported a fourth consecutive year of record profits.

while the rest of the gang reported record losses.. haha! At least its gd news for the market, if even goldman were to report losses the whole world should be worrying..

Morgan Stanley is scheduled to report earnings tomorrow. The average estimate of analysts surveyed by Bloomberg is for a 59 percent drop in net income.

i have a bad feeling about this.. anyways

Bought some..

Bio-treat at $0.265,   Avg price holding $0.28

Another roller coaster ride in the market on thursday as major volatility continued.

Oil finished higher by 0.36 to 136.74. Oil was down on the session before rallying back to finish the session positive. Oil has resistance at 140.00 and 150.00. Crude is sensitive to the US dollar currently at USD - JPY 107.8000

Gold finished lower by 10.90 to 872.00. Gold has support at 850.00. The resistance levels for gold are 900.00, 920.00, and 950.00.

the market continues to remain very volatile, Watch the critical 1329 support level on the SPX.

Cut

SingTel DBeCW080908 at 0.13 (-3.85%, current theta decay @1.41%)

When there was complacency, be worried and be a seller.

When there is panic, be a buyer.

Sometimes we realise what is hard to do is usually the correct thing to do. Our natural instincts may sometimes be wrong - when you perceive there is danger ahead, perhaps there is no danger...when you think everything is safe, perhaps danger lurks around the corner.

the companies we invest in are as good as the day we bought them. Nothing has changed, only the sentiment of investors.

ok enough bullshit.

The market continues to be very volatile as expected. Continue to watch the key SPX support levels 1349 and 1329. The market is short term oversold and a bounce is possible.

Bought

more Bio-treat at $0.295

SingTel DBeCW080908 at @0.135

rally rally.. comon baby..

sold

Star Cruise $0.235 (+/- 0%,  brokerage loss)

sold off yesterday due to weak sentiments in the market.

Oil finished the session lower by 1.06 to 126.76. Oil has support at 125.00, 120.00, 115.00, and 110.00. The resistance level for oil is 130.00, and 135.00.

This week may be the last push down the market, better to stay sidelines still till the plunge bottoms out.

Hold

Bio-treat

Star Cruise

support line at $0.225 broken, increased volume today. This counter will benefit from the genting news. resistance at 200day MA

despite weak market sentiments at the dow later tonight or the next few days, this counter may be speculated.

Bought

Star Cruise $0.235

phew ! havent logged in for a while..

nice run up on mercator lines, managed to sell it at $0.46 on 9th May for a 50% profit 

sold Darco water today at $0.27 for 58% profit

Market on Vesak day

Oil finished the session higher by 2.17 to 126.29. Crude is very extended at this level and should correct shortly. The next resistance level for oil is at US130.00 per barrel.

the market rallied off the daily 20 moving average this week to finish above the May 2^nd high. I feel a correction is coming and have decided stay sidelines.

Looking at Bio-treat very closely

suspect play-ups on this counter, might fly soon

sold

Mercator Lines $0.46 (+ $0.155)

Darco $0.27 (+ $0.10)

Buy

Bio-treat $0.295 - $0.30

sell mercator lines , $0.38 - $0.40

many bad news were released past few days and yet the dow ended sidelines.

Friday announcement of job data reflected that it was the worse in 5 years with a loss of approximately 80,000 jobs in the US.

should have dropped deep, but it did not.. wht does this tell us?

the charts show dow in a consolidating mode after a 4% blast off on april fools day

i foresee a few more days of consolidation before another push up

looking forward for the dow to hit 12,800 soon, then sti may follow the rally

looking forward to this short rally soon.

Buy

Mercator lines $0.305