Started my options trading

Dear fellow traders,

Recently I have started paper-trading options again. I want to brush up my skills and build up my confidence before I trade with real money. I wish to express my Thanks to Trader Travis from http://www.learn-stock-options-trading.com/ for sharing his precious knowledge with me.

Although I have to admit my trading methodology and trading style are not following exactly what Trader Travis has taught, the tools and the trading psychology that he has shared have helped me immensely in my decision making in these trades.

I truly hope the profits I have obtained from my paper trading can transpire into my live trading soon.

Yours Truly,

Tony Chai

The Next Financial Crisis

Dear Fellow Traders,

This is a great documentary that foretell the next financial crisis after the sub-prime mortgage real estate crisis in 2008.



Yours Truly,

Tony Chai

Greek Election Impact On The Market

Hi fellow traders,



Investors waited with bated breath about the outcome of Greek Election this Sunday on the global market reaction on Monday.

The US CBOE Volatility Index (VIX) has gone up during the past few weeks. Markets were volatile amidst events like : the dismal US non-farm payroll report for May 2012, Spain's banks bailout, speculation of whether Greek's voters will choose the leftist Syriza party who opposes the austerity measures, and how Greek's possible exit from Euro-Zone will affect other members of the European community, the USA economy and of course, how the global markets is going to be affected.

Yours Truly,

Tony Chai

Gold Rose More Than USD60 on 1 June 2012

Dear fellow traders,

Gold has been hovering below the 150 Days Moving Average (DMA) since the beginning of March 2012, a stark difference with the bullish movement that Gold enjoyed back in 2009 to 2011, when Gold even hit USD1900 an ounce in Sep 2011.

But surprisingly (or it has been waiting for this moment), Gold price shot up more than USD60 on 1 June 2012 to end at USD1621.80 an ounce.

This could be largely due to the dismal May US jobs report, where U.S. Economy created only 69,000 jobs in May 2012, the fewest in a year; and the unemployment rate ticked up to 8.2%. There are also other factors involved - Europe's spiraling debt crisis where Spain's bank crisis deepened and confidence waiver with the spike in Italian benchmark bond yields.

The Dow Jones Industrial Average had its worst hit this year on Friday, 1 June 2012, shredding 274.88 points (2.2%) to 12,118.57 points. The DOW has officially dropped below the institutions observed 200 Days Moving Average with this move.

Yours Truly,

Tony Chai

The S&P 500 at 4-Year High

Dear fellow traders,

At the end of the trading day 26 Apr 2012, The Standard & Poor's 500 Index (S & P 500) gained 19.40 points, or 1.39%, to 1,416.51 (19 March 2008 High was 1,414).

The Dow Jones industrial Average (DOW) was up 160.90 points, or 1.23%, to reach 13,241.63. The tech laden Nasdaq Composite Index (NDX) climbed 54.65 points, or 1.78% , to 3,122.57.

Mr Ben Bernanke, Chairman of the Federal Reserve (the Central Bank of USA), spoke to a conference at the National Association for Business Economics, that the FED will consider further, supportive monetary policy aka QE3 (quantitative easing) to faciliate the expansion of production and demand from consumers and businesses.



In his talk, Mr Bernanke said the USA economy needed to grow more quickly if it is to produce enough jobs to lower the high unemployment rate of 8.3%.

The S & P 500 has been up 25% since the end of September last year, mostly on the optimism of the continued economic growth. With stimulus from the Fed and an improving economy, the conditions for the stock market to go up further is hopeful.

Yours truly,

Tony Chai