Taking Profit & cutting loses

Taking some profit off the table for my VMW and cut lose of my AAPL. Month of Sept and Oct has done damage to my account, a prudent money management will be needed in future, leant my lesson.

DOW has seems slow bleeding at 200sma region and  S&P500 seems strong support at 1400 region. Expect some rebound next 2 weeks but seeing storm sandy approaching east cost of america, i have tighten my stop.

 

Tech sector direction

While Tech sector continue hammered by big fund, it seems reach to support area, especially Apple and Amazon going to announce earnings soon... any good or meet expectation result may invite the Bull run .. let monitor.

Retracement done ?

S&P500 has been retrace 2.5 to 3 % from sept top, has the market's retracement done ?
S&P500 has rest on SMA50 line, potential a bounce on next monday. SBUX has been in weak position since Oct and noticed that another break lower may trigger another round of bearishness.

Genting rebound or heading lower

Genting singapore shown a nice uptrend , but meet with resistence at 1.41 region and heading down to the support of uptrend line. Will it follow the uptrend line and break 1.41 by end of this year or heading lower to have tripple bottom ?

Uptrend natural gas

Has been watching natural gas ETF ( UNG) rebound since $15 region and spot double bottom, today UNG up to $22.2 and i didn't increase my position. Will plan to adding position as Winter is coming and natural gas demand seems came back since fall of 2009.
UNG has been swing in the uptrend channel, i will plan accordingly.