Friday, December 31, 2010

You have to Be, before you can Do.

Thanks HP for sharing this article on Facebook..

Life Lesson: Be-Do-Have
Why So Many Struggle So Hard
Read the full article here: Staci Stallings

Something interesting I've noticed:
True life lessons work and translate to many different areas of life.

This revelation hit me the other day while I was listening to a cassette on having financial balance in your life. On the tape, the author talked about a goal setting seminar he went to. The lesson he was revealing is that too often when we set goals, we are setting the "have" part of the equation, then "doing" the work of getting to the goal without ever making the effort to "be" anything.

If you're paying attention, there's a math lesson that translates to this message. Any math person will tell you that there is a definite order to life. A + B = C, and if you get it out of that order, even the simplest of ideas can get overwhelmingly confusing. So this equation must begin with "be" not "do" or "have."


The problem is that this is completely senseless when you understand the equation of "be-do-have."

When you truly get this life lesson, it will have a profound impact on every aspect of your life. No longer will you focus solely on the goal-now you will focus on who you must first become, and the attainment of the goals will follow.

"they who have been forced to "be" are now "doing" and "having""
I know, it sounds Pollyanna. It sounds so simple. But it's the simple-sounding things that are often the most difficult to actually do. I see this turmoil in teenagers a lot. They think that their identity is created by who they are with, what they wear, what their outward appearance is. The reality, however, is that identity is based on who you are.

That's why you hear of 10 and 20 year high school reunions in which the popular kids are now struggling and some of the most unpopular kids are now the successful adults. When you understand this equation, it makes perfect sense. Think about it. In high school, the "popular" kids already "have." They have the status, the good looks, the admiration of others. Why work for something you already have?

The unpopular kids on the other hand are forced to find their true identity not in the outer world, but in the inner world. So they work on themselves rather than on what the outside world says is important. Thus, 10 or 20 years down the road, they who have been forced to "be" are now "doing" and "having" in much greater proportion than those who "had" everything.

To be sure, this is a vast generalization. There are popular kids who take time out to work on themselves and "become," and there are unpopular kids who want to "have" so badly that they contort who they are trying to fit in. The exceptions are there, but so is the rule.

You have to Be before you can do, and
you have to Do before you can Have.

If you don't, nothing you ever get will be enough. And
if you do, whatever you have will be plenty.
With this in mind, find some time today to fit a little "being" time into your "to-do" list.
It may just turn out to be the best time investment you could ever make.
© Staci Stallings
Read the full article here: Staci Stallings

Tuesday, December 28, 2010


This thought came into my mind this morning...

Which time frame to trade?
If I am trading for the Day, I look into intraday chart - 30 minutes would be sufficient to get a good entry.
If I am trading for few Days, ditto.
in this case, a weekly chart would help to identify the trend and help to see the big picture.
monthly chart, seldom use, just a peek into it..

What if, I am going to be a 'hourly' trader?
Similarly, I can use Day chart to identify trend, 30 minutes to sharpen entry, and may be, even smaller time frame like 15 minutes?

Should get killed when mentor read this 15 minutes chart thing... >.<

Which style I am most comfortable with? and whether I am ok with it?

I am ok with the Day chart and 30 minutes chart nowadays, I wonder: Is that because I have less time to trade, therefore, I compromise?

Lets frame it with better words...
Ayumi has become flexible, and now trading in a bigger time frame...

What if, when I gain the total freedom again, that I can just sit in front of my Lappy and watch the candle blocks, one by one, every 30 minutes?

No matter what, how, which strategy we use, it must be our strategy, our style.
What is my style?  Flexible is my style.

I have been brought up by my cool mother, disciplined, loyal, business minded, stable, organised, and secured.
I have a even more cool father, he has a golden finger, that he can turn a bottle of red wine into a good money making opportunity, and can turn a broken motorbike into a spare part business...  According to mum, he can see opportunities through his naked eyes... making money from businesses is not a problem for him, networking and connection is just simply a born skill.

I think my father makes a good speculator, Ayumi deem myself a speculator in my blood; a stable, disciplined, organised personality in my mind...

I think this is how and why Ayumi present an unlimited potential... and I believe many others do, we just need to work hard, and polish...

4 days to new year, 1 month + 1 week to Chinese New Year...
work hard everyday, unlimited opportunities awaits...
work 1 step a day, and never stop... we may be slow, we may be fast, we are ''in progress''.

Good read, go and read this article from T. Harv Eker's Blog:
The Resolution That Lasts a Lifetime

Saturday, December 25, 2010

GBP/USD on 25-Dec-2010

As Ayumi trader mentioned on 21-Dec-10, if GBP/USD break below 1.5450, next support will be 1.5330.
on 22-Dec-10, GBP/USD broke below 1.5450 and formed a new low 1.5354 without breaking 1.5330.

Expect this market to continue trading in small range bias up.  1st target 1.5530, 2nd target 1.5630 (going to take some time).

Resistance Ayumi looking for short: revised from 1.5680 to 1.5650, forecast: January 2011.

Related Post: GBP/USD on 21-Dec-2010

Thursday, December 23, 2010


To all Readers

We have come to the end of the year and today is the last trading day of the week for US.

I thank all for sharing, and may all be Good, Healthy, Happy and Wealthy.  Special thanks to mentor JC who share the wisdom, knowledge and care.

Hope all enjoy your holiday, take a break, looking forward to another fruitful year 2011!

Tuesday, December 21, 2010

GBP/USD on 21-Dec-2010

Current support 1.5450 shall hold for a while.
Current resistance 1.5550, while I am expecting GBP/USD to 1.5680 for a low-risk short.
Coming week, while GBP/USD break below this support of 1.5450, I believe it will dive to next support @ 1.5330.

Good luck everyone and happy shopping for a meaningful Christmas celebration! :)

DJIA on 21-Dec-10

The high of 11518 will remain a significant resistance the range between 11450 - 11520 will remain the trading range for DJIA before any meaningful breakout is spotted.

However, I still hold the view that DJIA will break out from this small range, and if you observe intraday 60 minutes / 30 minutes chart, you will see a symmetrical triangle formation in which support our view.
Breaking above this channel DJIA will advance to 11600, breaking below will test 1st support at 11330.

Sunday, December 19, 2010

Gold Futures and Silver Futures

Welcome CME products to Bursa Malaysia, we can trade Gold, Silver, Cotton, Coffee, DJIA, e-Mini Dow... :)

Gold Futures
Product Symbol: GC
Venue: CME Globex, CME ClearPort, Open Outcry (New York)

Contract Size = 100 troy ounces
Min Tick Size = 0.10 per troy ounce
Contract Value = $10 per contract

Gold Price @ 1,400 USD, Long
When Gold is trading at 1,400.10 USD = +$1.00
When Gold is trading at 1,401.00 USD = +$10.00

I have created a ticket for quick reference.

Silver Futures
Product Symbol: SI
Venue: CME Globex, CME ClearPort, Open Outcry (New York)

Contract Size = 5,000 troy ounces
Min Tick Size EFP = 0.005 (0.5 cents) per troy ounce
Contract Value = $25 per contract

Silver Price @ 29.115 USD, Long (2911.3 cents)
When Silver is trading at 29.116 USD = +$5.00
When Silver is trading at 29.125 USD = +$50.00

Related: [CME Group] [Time Zone]

What is CT?
In most states in the USA and in most provinces in Canada, Daylight-Saving Time (DST) is observed. During DST CT (or CDT) is 5 hours behind Greenwich Mean Time (GMT-5).

After the Summer months Central Time is shifted back by 1 hour to US Central Standard Time (CST) or (GMT-6).

DJIA and Nasdaq 100

We have a short trading week, US, HK and Singapore market close in observance of Christmas Eve on Friday 24-Dec-2010.
We wish Chinese Happy Dong Zhi, wish all Merry Christmas and Happy New Year!

DJIA on 20-Dec-2010

DJIA has been trading in small range compare to 2 weeks ago.
Day range reduced half from 150 points to 75 points.
DJIA has been marching up inch and inch and my view on this market is neutral.

Current resistance 11518, while I believe DJIA to continue to trade in small range, extend a little bit higher to break above this resistance and form new high possibly to 11570.
Current support 11450-11420.

Only initiate your trade at clear support / resistance.  Practice Fibo Range to short at 11525, or long at 11415 with minimum risk.

Nasdaq 100 on 20-Dec-2010

I am happy for the traders who secured a Long at 2200 this week, our SL is just right and Nasdaq 100 has also hit our target of 2220. Result in a Risk:Reward of 1:4.

Resistance 2: 2240
Resistance 1: 2225
Support 1: 2200
Support 2: 2185

I suspect Nasdaq to trade between 2190-2235 before Christmas.
Would suggest to stay at the sideline because current price of 2,218 is too high for a long position, and there's no reversal sign for a short.

However, if Nasdaq 100 break below 2200 and come down to 2185, the market may hold and rebound. This would be a good level to observe for opportunity to Long (but I don't think this will happen before Christmas..)

Merry Christmas to all and have fun with your Love One, Friends, and Family.







现在是,你,我从新加坡带回来的Dark Chocolate Mocha Frappuccino,我要喝你了。。

Demo Feedback

After 2 weeks on Demo, I find myself trading at my comfort level again.

And I come to realize, the following:
1. I thought my analysis turned bad, but it is not.  I am better.
It is because I have shifted my focus to money.
What I wanted from trading, is money only, and I am just too focus on that, and I become addicted to trading.
2. Habitual Losses?
it is because i tried too hard to find a trade everyday, however, this everyday trading, is not my style.
3. How Long?  How Often?
I know my trade, but I do not know my personal style... and in fact, I thought I know myself well, but I don't.
and it turns out to be better trade, better days, nowadays...
4. How many?
I thought I need more market and more work so that I can practice and become better.  I started with 3 major, then I fall into AUD, NZD, Crude, DJIA, Gold... I believe the professional traders would know the answer.
2 weeks after my Demo, I concentrate on my favorite market, I find less mess, less opinions, less contradiction.  More time for other activities.  More clarity.

No reversal, no trade, no support, no resistance, no trade.
No price action, no pattern, no trade.
No familiar market, no trade.
and.. generally I prefer to Short, than to Long.

Related: [Demo Begins], [The Process]

Gold on 20-12-2010

Gold Weekly Forecast - 20 Dec 2010

My view on Gold is bearish, next week, Gold can only go highest at 1385.
Gold will possibly extend its bearish trend until end of the week before showing consolidation.
Support at 1350 region, or if we take 1:1 correction from 1430, potential to hit 1346, if Gold break below this support, strong support at 1330.

So my trading plan for Gold next week, would to short Gold at 1385 resistance, 1392 SL, looking at TG 1350.

Saturday, December 18, 2010

Workstation 2012

This is going to burn a hole...
I will setup a 3-screen desktop, thus for year 2011, I need to re-model my room and workstation so that a 3-screen can come in on my birthday 2012.  I only have around 14 months to prepare for it by the way....

For those who is also planning for your workstation, it is good to check this out:

I have got mine...

New Chair, New Table, M&E works... cable management, AVR, UPS... and work out to this. :)

Looking forward to 2011, completion of 1st year journey with PW Trading Concept, completion of 2nd Phase Demo, improve my trading setup and consistency.
Certification in May-2011.
Closing of 1st Case by March-2011.
Freedom 31st July-2011.


Doesn't Like to Be Told

We choose what we want....
While we are choosing the path, I often get confused when there's someone telling me to do this, or to choose that.

Is that because I simply do not like to be told what to do?
My decision, my life.  I know what I want, deep down.

and if, you just happen to tell me, before I hit the 'go', I am gonna think twice.
This type of comment from others, act like a pop-up, kind of a prompt, always delayed the process.  Why would you have the same opinion like I do?  Although I didn't say out loud... but somehow I would think: Why don't you just do it?  Who are you to tell me what to do?
Very bad Ayumi... arrogant... confident.

Cuz I always do better... I do it so much better nowadays.... and I read from "Project Runway" this morning on TV, "I am not sad (to be out), I have already given my best (I made it to the Top5).  We are just gonna begin over and over again."

Wierd-ooooo Ayumi....


Related: [Project Runway]
Listening: David Guetta - One Love (Special Edition)

Friday, December 17, 2010


Ayumi went to gym and brought my own bath gel, the scent simply remind me of a wonderful experience and I'm immediately feeling great and relaxed.

What scent and which aroma would remind you of a wonderful experience?

Wonderful GBP/USD from 1.5880 to 1.5650. I believe A also made good trade on her EUR/GBP?

Wish all do great and be well.

Wednesday, December 15, 2010

GBP/USD on 15-Dec-2010 (Wed)

Looking forward to GBP/USD correct to 1st support 1.5630 (EMA200).

GBP/USD on 15-Dec-2010 (Wed)

While i recall the conversation with A, we both believe the bullishness of GBP/USD and I am looking at GBP/USD to go to at least 1.5880 before the correction.

Who knows after Monday long white candle, it break to as high as 1.5909, and started to form antenna in 30 minutes, and correction.


See how the amazing fibonacci numbers play in this scene...

Related Post: Weekly Forecast on GBP/USD on 6-Dec-2010
Related Post: Weekly forecast on GBP/USD on 27-Nov-2010

Monday, December 13, 2010

What I like about this year...

We are just 2 weeks away before Santa rings the midnight bell...
and I skipped work today :)
I skipped work this weekend.

For those who regularly visits... I skipped the weekend forecast for FX. :) Ops!

I took the whole weekend to finally complete my project.
I have finally completed the 'abandoned' the top part of my dance costume.
And I can't believe that I can make it, and it just look beautiful~

I have also sewed the veil piece...
I have repaired my first jumper, the checkered print, black and white jumper that is broken over last public holiday..
Repaired 1 pants...
Yes, all done by 10 fingers, and I broke 2 needles, and almost the needles almost pierced into my fingers when they break!

I spend the whole weekend without spending more than 4 hours in front of the PC, but I have so much of fun, spent wonderful time with my family, and my best friend E and her lovely husband.

And... I spend a night reading...

So long... Ayumi didn't read.
And... I spend time meditating....
So long... stillness.
Clouded with too much of want, desire and hunger...

And Ayumi just throw away 2 bouquet of flowers this morning~ they are dried and died.
Let them be with the earth again~ :)

Ayumi lost 2 phones this year, and so Ayumi got a replacement phone last month~ Apple iPhone4.
Ayumi broken her Samsonite backpack in October, and Ayumi got a new one~
next... to my surprise, my neighbour repaired my broken Samsonite for me... and mama just got it washed, and now it smell and look like new~

Ayumi killed her desktop, and also broken a Western Digital external harddisk, and successfully transferred all data to her new Seagate FreeAgent Go 500 GB....

Ayumi learned Adobe Illustrator CS4, designed her namecard, designed a few leaflet...

Written 3 books of trading journal, removed Ayumi the Novice Trader Blog since 2008 and refreshed.

Ayumi participated in a public forum, focus on DJIA and Nasdaq 100 and learn with a team of experienced trader.

Been through some suffering and also showered with a lot of blessing~
Mentor, Sifu, E... and many many....

Family, Dance, Love, Trading, Money~
Thanks to all.

Sunday, December 12, 2010

Gold on 13-12-2010 (Mon)

I suspect Gold to be trading in the range of 1370-1400 on Monday.
In case Gold has break below 1370, next support 1350.

While we can observe a pincer bottom at 1369, this shows a good support level for Long position.
Prefer to Long Gold at support level 1370, SL 1365, TG 1400.

For shorts, observe reversal, or a inverted "V" near resistance 1400-10 for a short entry.
In case Gold break above 1410, next resistance is the recent high @ 1430.

DJIA and Nasdaq 100

DJIA on 13-Dec-2010 (Monday)

We are only 2 weeks before we close the trading book of 2010, is the rally already reaching its climax?  DJIA has been trading in small range + diminished volume, the resistance is still well kept below 11451.
If DJIA manage to break above 11450 convincingly, it will travel north towards 11550 (15-Aug-2008 High).

If this market is well capped below 11451, and started to fall from 11410, we can see the first minor support at 11330, followed by 11200, strong support at 11000.

We suspect this small trading range to continue on Monday as Inflation data for November will dominate next week's economic calendar, with the U.S. Producer Price Index due on Tuesday and the U.S. Consumer Price Index set for Wednesday.

For shorties, plant your shorts near the resistance level but must put a stop loss to protect yourself in case DJIA break this resistance.
I have no recommendation for Long as the support level seems too far from the current price of 11410.
For myself I will prefer to plant my shorts at 11430, add another position when DJIA trade below 11330 and aim for 11200 as my target.

Nasdaq 100

Nasdaq 100 has been bullish with a good support at 2185 and now 2200.
Nasdaq has break above 2200 convincingly last Friday, mean Nasdaq 100 will go towards 2007 high 2239 again.

Aggressive trader can Long at 2200, SL -5 pts, with initial target 2220.
For shorties, be patient and wait for reversal sign on Daily Chart near its resistance level of 2220-40.

Visit APSRI Forum here:
Visit APSRI DJIA Forum here:

Back to Ayumi Trader Blog, click here:

Wednesday, December 8, 2010

Transactions (FX)

Short GBP/USD at 1.5800
SL 1.5840 (moved to entry) trading at 1.5736 now
TG 1.5720 (+120 pips)

Note: Average Day Range ≈ 120 pips

Tuesday, December 7, 2010

DJIA and Nasdaq 100

Suspect DJIA to test 11500 (recent top 5-Nov 11451)
Nasdaq 100 to test 2200 (recent top 9-Nov 2200)

Quick one, and a Good one:
I have a trader friend - PP, PP has made some profit from US stocks (I personally would like to say it is WONDERFUL profit), and PP thanks to QE2. :)

and this Handsome profit means 2x of the Annual Income of an ordinary Malaysian executive.
And PP made it in less than 2 months (do not wish to sound to exaggerative... but actually PP revealed that the whole trade is done in 2 weeks).

And PP still have some QQQQ contracts at US1250 (Gold at 1420 now).

Bravo~! ^__^

And trading means, you can work, 2 feet in front of your bed, 20 feet from the kitchen, next to your kid, watch CNBC news on TV - on the couch, and you life - focus on opportunities - with the exchange of security from a 9-6pm job.

Initial shadow entry

Hiya~ the start of my Demo account, today is day two, so far, the result as follow:

triggered SL.
Damage: -80 pips

Long EUR/USD - 1.3270 didn't get entry.
Long GBP/USD - 1.5690 didn't get entry.
Market moves in favour.
Damange: -

From backtest, this method works very well, generally human are focused on wining, but hate losing... most new traders would have said that this method don't work.... Wining and Losing is a package, Risk and Reward is a package.

Learn to accept total responsibilities of my own trading, learn the advantage, and the limitation of this setup, there's a lot of searching to be done.

and my objective is to find a system that suits me, and deliver consistent result.

Looking forward to consistency

Monday, December 6, 2010

Weekly Forecast (FX)


Long view, target to reach 1.5888.
Entry: 1.5740
SL: 1.5700 (-40 pips)
TG: 1.5880 (140 pips)

Note: Average Day Range ≈ 120 pips


Long view, target to reach 1.3625.
Entry: 1.3370
SL: 1.3330 (-40 pips)
TG: 1.3625 (+255 pips)

Note: Average Day Range ≈ 160 pips

Sunday, December 5, 2010

the Process

"I have tried my very best, but it just don't work out".
Don't be disappointed with the result, be happy for yourself for being your very best.
Focus on the Process, not the destination.
Bcz you gave it your BEST.

How you become successful if you didn't pursue excellence?

Caring for the process, the process, the process.

I have some disappointment over this trading week.
I did a few queue to long GBP/USD, at initial shadow, combined with the reversal pattern on Day Chart, signals the market turning up.. but I have missed it, Long the 1st day, the 2nd day..
I missed the entry, with only 4 pips, 5 pips...

I watch the market rebounded, and continue to escalate.

Day 2, I watch the market rebounded, turn up, and formed a reversal sign at top and come down, but i didn't removed my entry to Long and got killed with a loss of 50 pips.

I feel disappointed, for being unhappy bcz I didn't get an entry when I am right.
I feel disappointed, for not willing to remove my order when market signals the opposite and kill my trade.

I am disappointed with myself, bcz, I know what I see, but not trading the same.

And I start to see myself after some time to think about my trades...
I start to learn that I am too focused on the result, the money, making $$$, losing $$, to measure my success.

The process, the process, the process... is the only thing that I should monitor.
and I start to learn, the reason of my shrinking trading account size, is myself not doing the right thing.

How can a novice trader, with only 4 months Demo + 4 months Live swim in the high and low tide of the sea?

And I learn the questions mentor JC has asked:
1) Which trading setup brings the most consistent result?
2) Which trading setup you feel most comfortable with?

Ignorant.  Me.  Ah-you-Me (Ayumi).

I do not know the answers of the above.
Just like master Bryan said, "you have some work to do...."


I agree, I am only going to trade on Demo, for the next 6 months.
There's something, more things that I am gonna fix.


That I will be kind to myself, to allow myself to learn, to try to be my very best, to find out, which setup suits me, and to craft the setup, the set of rules, for myself, to myself.

I will focus on the Process, the process, not the result.

I will work at my best, I will find out the rules and find out the most consistent setup for myself.
I will put a lot of energy, effort, and I will care, for every bit of the trading decision.
Think twice, and observe myself, during the whole process.

Demo Begins.
the Search, has just begun.
Answers to be revealed, no earlier than 4-June-2011..

Saturday, December 4, 2010

Gold on 4-12-2010

Pressure of H/S has been successfully taken out as we seen last Friday long white candle on Gold daily chart.

2nd favorite pattern has developed, for short, patiently waiting for entry.

For Long, resistance 1,423 would be the 1st target,
enter at daily initial shadow of 1408, this is also the pincer top in 30 minutes chart.  Support at 1398.
judging by this risk : reward ratio of 3:2, aggressive trader can enter.. but I prefer not to trade.

Thursday, December 2, 2010

Transactions (FX)

Day Chart: Spotted Reversal
GBP trading at 1.5615 now.
Enter Long for today at 1.5580
SL 1.5540 (ytd Low)
Target 1.5800.

Remember my weekly forecast still favour to short this pair when it approaches 1.5880 region.

related: Weekly Forecast 29-Nov-2010 (FX)

Wednesday, December 1, 2010

US Stocks Slip As Euro-Zone Woes Continue To Weigh; DJIA Off 16

By Donna Kardos Yesalavich and Kristina Peterson

NEW YORK -- U.S. stocks fell Tuesday as investors continued to worry about the European sovereign-debt crisis, but better-than-expected data on U.S. manufacturing and consumer confidence helped limit the drop.

The Dow Jones Industrial Average declined 16 points, or 0.2%, to 11036. Bank of America was the measure's worst performer, off 2%, while Procter & Gamble shed 1.5% and Cisco Systems dropped 1.2%.

Keeping the declines in check, Caterpillar climbed 1.2%, boosted by a better-than-expected reading on Chicago-area manufacturing. Wal-Mart Stores also rose, up 0.6%, and Walt Disney added 0.6%, after the Conference Board's measure of consumer confidence topped estimates.

The blue-chip measure is on pace to end November in negative territory, down 0.9% on the month recently. That would mark its first down month since August.

The Nasdaq Composite Index shed 0.9% to 2502, hurt by a 4.4% drop in Google following reports that the online-search giant is offering to buy Groupon, a social-network site geared toward discount shoppers, in a deal worth $6 billion. Separately, the European Commission opened an antitrust investigation into allegations that Google has abused a dominant position in online search.

The Standard & Poor's 500-stock index slipped 0.4% to 1183, with its technology sector leading to the downside while the materials and consumer-discretionary stocks rose. The S&P 500's month-to-date return wavered between positive and negative territory, putting the measure at risk of breaking a three-month winning streak.

Investors were encouraged by the Chicago Purchasing Managers' Index, which came in at 62.5 in November, better than the 60.0 reading economists were expecting. In addition, the Conference Board's November reading of consumer confidence came in at 54.1, better than the mean economists' forecast of 52.5.

"The indication here is you are seeing a recovery, but it is a sluggish one and it's really going to take a rally in employment in order for it to become more aggressive," said Edmund Hyland, managing director and a global investment specialist at J.P. Morgan Private Bank's southeastern region.

Meanwhile, investors continue to fret that Europe's sovereign-debt crisis could widen to Portugal, Spain or Italy. The premium demanded by investors to hold 10-year Spanish bonds over German bunds hit more than three full percentage points, the largest gap since the launch of the euro.

"The theme that really strikes me is this tug of war in the information we're receiving," said Stephen Wood, chief market strategist at Russell Investments. He noted that while the euro-zone debt crisis has produced "very headline-worthy negative news, [it] has kind of masked some untrivial improvement in some U.S. economic data."

Wood added that the euro-zone issues are "something the market is pricing in now and it is just going to have to get accustomed to dealing with some of these rolling solvency issues in Europe."

Global risk appetite was also undermined by talk of higher Chinese interest rates as well as disappointing Japanese jobless figures, encouraging investors back into safe havens, such as the dollar and Treasurys.

The U.S. Dollar Index, which tracks the currency against a basket of six others, rose 0.5%. The euro dipped below $1.30 to a two-month low earlier in the session, but was recently trading at $1.3009, down from $1.3123 late Monday in New York. Increased demand for Treasurys sent the yield on the 10-year note down to 2.80%.

Crude-oil prices slipped below $85 a barrel while gold futures were also lower.

Among stocks in focus, Seagate Technology dropped 3.1% after the maker of computer disk drives cut off talks with private-equity firms about taking it private because potential suitors didn't value the company highly enough.

Barnes & Noble fell 3.3%. The book retailer's fiscal second quarter loss narrowed, but it gave a muted outlook, projecting a wider-than-anticipated loss for the year and third-quarter earnings below analysts' expectations.

---By Donna Kardos Yesalavich, Dow Jones Newswires; 212-416-2188;