I wasn't able to write a Market Review yesterday
due to last minute commitment to an unforseen
happening, so I am sorry for any inconvenience
caused by my absence.
Today is the last trading day of the year and I would
say it had been a wonderfully exciting year for me.
I believe many readers will agree with me on this note.
The market had been pretty kind this year and the
rewards and returns from stock trading and investing
had been impressive for some and decent to others.
Will TY(trading year)2011 be equally rewarding or
even more superb returns are waiting for us?
I believe it will be the same if not better next year.
Give me a few more days and I will produce a more
detail view on what 2011 is going to be in my own
personal view and how it will impact you and me.
I will not be doing any trade today as I have close
my book yesterday. Most of my positions will be
carried forward to next year in anticipation of a
succulent January rally if it should happen. And
because I did not trade today I will also not give
any trading analysis to any stocks today.
Anyway, we have just a half trading day today.
In respond to some readers' request, I will launch another
2 blogs next year and they are on IPOs and Stock Investment.
I will provide their website soon when they are ready to
face the readers and the world.
To end, I wish all readers "Happy New Year and
a very Profitable and Rewarding year 2011 to come!!!"
-------------------------------------------------------------------------------------------------------------------------
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Nicolas Darvas Box Theory Trading Method
Investing Seminar
Timeless You
Friday, December 31, 2010
Wednesday, December 29, 2010
Market View 29 December 2010
I will dive into local trading view for today since
I somehow missed my alarm but it's quite OK
as I have done all the homework the previous night.
Trading volume increased yesterday as positions were
taken up in anticipation of a good year-end rally and
a follow-through into the new year. I have also taken
positions in various counters but as what I told the
readers in Skype, it is more for short-mid period
and not necessarily for contra play. Those stocks
that I keep mentioning will be the main focus in
any rally, so if you have them and can hold them
for a while, you will be rewarded with good price
range play-up.
Genting surged past the 2.18 resistance level yesterday
and closed up 7cts at 2.19 My view is that it will
continue to move within the 2.18 level while
storing enough ammunition to launch another charge
toward the 2.25 next resistance level with 2.20
as the initial psychological resistance point. It has move
into the 2.11-2.18-2.25 region currently.
The palm oil counters also did well yesterday with First
Resources adding another 3cts to close at 1.56
The next resistance will be 1.60 and 1.63 with 1.51
as the nearest support level. Golden Agri also
up 2cts at 79.5cts after touching the 80cts mark.
I mentioned that the stocks will be in the 80s last week
and it indeed came true. It will next face 82cts resistance
first and 86cts next if the momentum continues.
Support level will be seen at 77cts
Last week, I mentioned a few Tech stocks and ECS was
one of them. It surged 5.5cts on a reasonably higher volume
after the news that it is going for a dual listing in Taiwan
emerged after the trading halt. From the chart, it is looking
toward the 87cts resistance level next and 92cts as the
major resistance. Watch out for Ezion as well and as long
as it is above the 68cts support, it should be able to move
toward the 74cts target.
The main thing to look for in the current market is Trading
Volume as shown in recent trading days.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
I somehow missed my alarm but it's quite OK
as I have done all the homework the previous night.
Trading volume increased yesterday as positions were
taken up in anticipation of a good year-end rally and
a follow-through into the new year. I have also taken
positions in various counters but as what I told the
readers in Skype, it is more for short-mid period
and not necessarily for contra play. Those stocks
that I keep mentioning will be the main focus in
any rally, so if you have them and can hold them
for a while, you will be rewarded with good price
range play-up.
Genting surged past the 2.18 resistance level yesterday
and closed up 7cts at 2.19 My view is that it will
continue to move within the 2.18 level while
storing enough ammunition to launch another charge
toward the 2.25 next resistance level with 2.20
as the initial psychological resistance point. It has move
into the 2.11-2.18-2.25 region currently.
The palm oil counters also did well yesterday with First
Resources adding another 3cts to close at 1.56
The next resistance will be 1.60 and 1.63 with 1.51
as the nearest support level. Golden Agri also
up 2cts at 79.5cts after touching the 80cts mark.
I mentioned that the stocks will be in the 80s last week
and it indeed came true. It will next face 82cts resistance
first and 86cts next if the momentum continues.
Support level will be seen at 77cts
Last week, I mentioned a few Tech stocks and ECS was
one of them. It surged 5.5cts on a reasonably higher volume
after the news that it is going for a dual listing in Taiwan
emerged after the trading halt. From the chart, it is looking
toward the 87cts resistance level next and 92cts as the
major resistance. Watch out for Ezion as well and as long
as it is above the 68cts support, it should be able to move
toward the 74cts target.
The main thing to look for in the current market is Trading
Volume as shown in recent trading days.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Tuesday, December 28, 2010
Market View 28 December 2010
Wall Street closed mixed as "U.S. stocks ended
mixed in post-holiday trading Monday, with American
International Group Inc. lifting financials, while the
Dow Jones Industrial Average continued its retreat
from a 26-month high."
Dow fell 19 points, S&P 500 added 1 points and
Nasdaq advanced 2 points.
I have been taking easy for the last 2 weeks with
few trades and mostly on stocks which I intended
to hold on till the new year for any Capricorn effect
to take place. We should be able to see the market
moving higher after the New year with the market
players coming back to the trading positions. It will
be volatile in January but somehow in the choppy
water, there are big rewards waiting for those who
dare to the plunge.
Most of the stocks that I mentioned were still hovering
around the price region that I mentioned and with that
I will not comment further. The only thing that can spur
me up again is a sell-off right now this week as it will be
another wonderful time to load up some bargains, but I
doubt it will happen. Volume will continue to be low with
the masses coming from Genting and the commodities stocks.
I will do a write-up on what I see in 2011 trading scene this
weekend while we are having a New Year celebration,
and also do a review on what happen in trading year 2010.
It is going to be another interesting and rewarding 2011
from what I can see in my crystal ball.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
mixed in post-holiday trading Monday, with American
International Group Inc. lifting financials, while the
Dow Jones Industrial Average continued its retreat
from a 26-month high."
Dow fell 19 points, S&P 500 added 1 points and
Nasdaq advanced 2 points.
I have been taking easy for the last 2 weeks with
few trades and mostly on stocks which I intended
to hold on till the new year for any Capricorn effect
to take place. We should be able to see the market
moving higher after the New year with the market
players coming back to the trading positions. It will
be volatile in January but somehow in the choppy
water, there are big rewards waiting for those who
dare to the plunge.
Most of the stocks that I mentioned were still hovering
around the price region that I mentioned and with that
I will not comment further. The only thing that can spur
me up again is a sell-off right now this week as it will be
another wonderful time to load up some bargains, but I
doubt it will happen. Volume will continue to be low with
the masses coming from Genting and the commodities stocks.
I will do a write-up on what I see in 2011 trading scene this
weekend while we are having a New Year celebration,
and also do a review on what happen in trading year 2010.
It is going to be another interesting and rewarding 2011
from what I can see in my crystal ball.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Monday, December 27, 2010
Market View 27 December 2010
After all the party celebration and turkey and logcake
feasting, we are back to stock trading again. On Christmas
day, China gave us a "GREAT" present as it hiked its
lending rate by 0.25% to 5.81%, the second rise in just
over two months. Will this move impact any potential
year-end dressing rally if it happens?
Market is likely to be quiet this final week of 2010, but
we should still be able to see a decent dress-up.
Nevertheless, we should always expect the unexpected
and be prepared for anything.
Those winner stocks that I mentioned are still hovering
around the support and resistance level that I repeated
stated in my postings. Genting in a 2.04-2.11-2.18 trading
range and Golden Agri is always aiming to break above
77cts again. First Resources has its nearest bid of 1.51
as the next resistance which I believe can be easily
broken when the form comes.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
feasting, we are back to stock trading again. On Christmas
day, China gave us a "GREAT" present as it hiked its
lending rate by 0.25% to 5.81%, the second rise in just
over two months. Will this move impact any potential
year-end dressing rally if it happens?
Market is likely to be quiet this final week of 2010, but
we should still be able to see a decent dress-up.
Nevertheless, we should always expect the unexpected
and be prepared for anything.
Those winner stocks that I mentioned are still hovering
around the support and resistance level that I repeated
stated in my postings. Genting in a 2.04-2.11-2.18 trading
range and Golden Agri is always aiming to break above
77cts again. First Resources has its nearest bid of 1.51
as the next resistance which I believe can be easily
broken when the form comes.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Friday, December 24, 2010
Market View 24 December 2010
Wall Street closed mixed as " Stocks racked
up a fourth straight week of gains on Thursday,
as investors expected optimism about the economic
recovery to support equities through year-end.
The S&P 500 ticked lower on Thursday, the close
of a holiday-shortened week, breaking five days of
gains, in the lowest volume in a full-day session this
year. Banks dragged on the market, giving back recent
gains after a strong month."
Dow gained 14 points, S&P 500 lost 2 points
and Nasdaq dipped 6 points.
Today is the Christmas eve and it looks like Santa
had already given out all his presents to the market.
Stock volume was low in recent trading days but at
least it wasn't ugly scene in many stocks.
Look like we will have a quiet trading day and stocks
will move in tight range.
Genting will continue to be supported at 2.11 level
with further downside capped for now. The Palm
oil stocks are also moving within trading range
with Golden Agri staring hard at the 77cts resistance
and and First Resources aiming for the 1.51 resistance
next.
I won't be staying throughout the day and will be out
for a Christmas celebration with my family. I am not
really a party animal and prefer to spend the countdown
with my love ones. Enjoy the precious moments with your
family and love ones if and when possible as you will have
a wonderful memory about it.
Wishing all readers a Merry...Merry Christmas and may
Santa brings you the present(s) that you have been wishing for!
The blog will undergo a major face-lift during this holiday
period and will a new look will be unveil after the New Year.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
up a fourth straight week of gains on Thursday,
as investors expected optimism about the economic
recovery to support equities through year-end.
The S&P 500 ticked lower on Thursday, the close
of a holiday-shortened week, breaking five days of
gains, in the lowest volume in a full-day session this
year. Banks dragged on the market, giving back recent
gains after a strong month."
Dow gained 14 points, S&P 500 lost 2 points
and Nasdaq dipped 6 points.
Today is the Christmas eve and it looks like Santa
had already given out all his presents to the market.
Stock volume was low in recent trading days but at
least it wasn't ugly scene in many stocks.
Look like we will have a quiet trading day and stocks
will move in tight range.
Genting will continue to be supported at 2.11 level
with further downside capped for now. The Palm
oil stocks are also moving within trading range
with Golden Agri staring hard at the 77cts resistance
and and First Resources aiming for the 1.51 resistance
next.
I won't be staying throughout the day and will be out
for a Christmas celebration with my family. I am not
really a party animal and prefer to spend the countdown
with my love ones. Enjoy the precious moments with your
family and love ones if and when possible as you will have
a wonderful memory about it.
Wishing all readers a Merry...Merry Christmas and may
Santa brings you the present(s) that you have been wishing for!
The blog will undergo a major face-lift during this holiday
period and will a new look will be unveil after the New Year.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Thursday, December 23, 2010
Market View 23 December 2010
Wall Street continued to move higher as "U.S.
stocks finished at a two-year high Wednesday,
with the S&P 500 Index up for a fifth straight session,
as investors sorted through varying signals from earnings
and economic data." Dow up 26 points, S&P 500
added 4 points and Nasdaq advanced 4 points.
Some readers commented on Skype that the market
was quite boring this week with little actions if any
on the winner stocks. I have to agree to a certain
degree that this is true but it is quite normal as we
are in a festive season and many are more risk averse
and won't risk big money into the market now.
Frankly, my positions in the stocks that I trade had
also decrease although I won't hesitate if I see a good
bargain with any selloff now.
Many stocks are near or at their support level now.
We have Genting at 2.10 and 2.11 being the next resistance
level. Golden Agri at 76cts facing the 77cts resistance
which is just a stone-throw away.
Look like we are going to have another few quiet sessions
for this week and the next.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
stocks finished at a two-year high Wednesday,
with the S&P 500 Index up for a fifth straight session,
as investors sorted through varying signals from earnings
and economic data." Dow up 26 points, S&P 500
added 4 points and Nasdaq advanced 4 points.
Some readers commented on Skype that the market
was quite boring this week with little actions if any
on the winner stocks. I have to agree to a certain
degree that this is true but it is quite normal as we
are in a festive season and many are more risk averse
and won't risk big money into the market now.
Frankly, my positions in the stocks that I trade had
also decrease although I won't hesitate if I see a good
bargain with any selloff now.
Many stocks are near or at their support level now.
We have Genting at 2.10 and 2.11 being the next resistance
level. Golden Agri at 76cts facing the 77cts resistance
which is just a stone-throw away.
Look like we are going to have another few quiet sessions
for this week and the next.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Wednesday, December 22, 2010
Market View 22 December 2010
Wall Street ended in the green as "U.S. stocks
caught an updraft from the financial sector
Tuesday after a large banking acquisition heightened
expectations for more deals, and the S&P 500 Index
rose for the fourth straight session."
Dow up 55 points, S&P 500 gained 8 points
and Nasdaq advanced 18 points.
I am late in writing blog for today so I will make
it a short and sweet one.
Expect the market to be still in a joyous mood and
stocks will likely go up in this few days before the
Christmas feasting and celebration.
Genting rested on the 2.11 level again with a day-high
of 2.13 yesterday, I expect it to move toward the
2.18 resistance again, but should it close below
2.11 in this 3 days then it will move within range again.
Golden Agri will try and break the 77cts resistance
in as many tries, I expect it to hit the 80s if the strong
momentum continues.
A readers asked in the comment to what are the
Techs stocks worth a look-up. I will give you a few
example of the good potentials. Techs stocks like
Hi-P, Broadway, Sinotel, ECS, Trek, Innotek and UMS.
The list is not exclusive and conclusive and definitely
not exhaustive, but these are the few that is considered
great potentials to me.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
caught an updraft from the financial sector
Tuesday after a large banking acquisition heightened
expectations for more deals, and the S&P 500 Index
rose for the fourth straight session."
Dow up 55 points, S&P 500 gained 8 points
and Nasdaq advanced 18 points.
I am late in writing blog for today so I will make
it a short and sweet one.
Expect the market to be still in a joyous mood and
stocks will likely go up in this few days before the
Christmas feasting and celebration.
Genting rested on the 2.11 level again with a day-high
of 2.13 yesterday, I expect it to move toward the
2.18 resistance again, but should it close below
2.11 in this 3 days then it will move within range again.
Golden Agri will try and break the 77cts resistance
in as many tries, I expect it to hit the 80s if the strong
momentum continues.
A readers asked in the comment to what are the
Techs stocks worth a look-up. I will give you a few
example of the good potentials. Techs stocks like
Hi-P, Broadway, Sinotel, ECS, Trek, Innotek and UMS.
The list is not exclusive and conclusive and definitely
not exhaustive, but these are the few that is considered
great potentials to me.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Tuesday, December 21, 2010
Market View 21 December 2010
Wall Street closed mixed with Dow in the
negative region as "U.S. stocks tacked on further
gains to push the S&P 500 to a two-year high on
Monday, continuing a steady upward march investors
believe will continue in 2011.
Volume was light, as is expected through the rest of 2010."
Dow off 14 points, S&P 500 gained 3 points and
Nasdaq advanced 7 points.
Yesterday, the market and my watchlist were a pool
of red as profit-taking ruled the day and stocks got
sell-down. Will this trend continues? I believe that
bargain hunters will be lured in and the stocks will
be supported if any selling continues.
Genting is now in the 2.04-2.11 range after hitting day-low
2.05 and closing at 2.08 Expect both side to be tested but
I am still bullish bias on the stock.
For the palm stocks, First Resources will find support
at 1.38 and resistance will be seen at 1.46
Golden Agri will have 77cts as the major resistance
and any downside will be supported at 73cts.
I don't know whether the readers observe something
with the market now, but take note of the Tech stocks
as I noticed that they are still green although the rest
are bleeding.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
negative region as "U.S. stocks tacked on further
gains to push the S&P 500 to a two-year high on
Monday, continuing a steady upward march investors
believe will continue in 2011.
Volume was light, as is expected through the rest of 2010."
Dow off 14 points, S&P 500 gained 3 points and
Nasdaq advanced 7 points.
Yesterday, the market and my watchlist were a pool
of red as profit-taking ruled the day and stocks got
sell-down. Will this trend continues? I believe that
bargain hunters will be lured in and the stocks will
be supported if any selling continues.
Genting is now in the 2.04-2.11 range after hitting day-low
2.05 and closing at 2.08 Expect both side to be tested but
I am still bullish bias on the stock.
For the palm stocks, First Resources will find support
at 1.38 and resistance will be seen at 1.46
Golden Agri will have 77cts as the major resistance
and any downside will be supported at 73cts.
I don't know whether the readers observe something
with the market now, but take note of the Tech stocks
as I noticed that they are still green although the rest
are bleeding.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Monday, December 20, 2010
Market View 20 December 2010
It is the Christmas trading week so will Santa give
us all a great present for this festive trading season?
From what I see from the market sentiment and charts,
it is likely that we will see actions surrounded the winners
stocks and the Blues. I note that some fund traders had
already closed their book and are on holiday, but there are
still enough liquidity left to support the market but not to the
stage that the market will be propelled to a high ground.
There will still have year-end window-dressing but the scale
of the dressing may not be that impressive, it will still come.
I saw the comment made by Cyndi and I thanks her for her
support and encouragement. However, I would like to stress
that I hope I am not making trading tips in my daily market view.
It is what I will do as a trader when I am dealing with the
mentioned stocks. It is a stock recommendation and I hope
it is not considered to be a tip. A bad tip will kick you to Holland
while I hope my recommendation will bring you to Money-land.
Genting is still resting on the support level with the next
important level hanging at 2.04 and 2.18 My view is that the
upside potential is higher than any downside slide. In this last
2 weeks of trading, it will consolidate although trending toward
the 2.18 resistance in as many tests and tries.
Ezion and Swiber are below 70cts and $1 respectively now
and their next support is coincidentally at 68cts and 98cts.
I missed their trading by a bid in its last attempt to surge
to new height but they will be very well-supported at the
current price range.
The palm oil stocks had done marvelously this year and
I hope that the readers had benefited from their surges.
If you did not gain from them this year, they will continue
to be the STAR next year although the winning margin
will be less impressive. First Resources will face very strong
resistance in the 1.50s from what I observed from its
daily action and charts. The consolidation in the 1.40s have
to be steady and firm for it to re-test the 1.50s.
Golden Agri lies at the 77cts level again and I still see it in
the 80s region very soon.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
us all a great present for this festive trading season?
From what I see from the market sentiment and charts,
it is likely that we will see actions surrounded the winners
stocks and the Blues. I note that some fund traders had
already closed their book and are on holiday, but there are
still enough liquidity left to support the market but not to the
stage that the market will be propelled to a high ground.
There will still have year-end window-dressing but the scale
of the dressing may not be that impressive, it will still come.
I saw the comment made by Cyndi and I thanks her for her
support and encouragement. However, I would like to stress
that I hope I am not making trading tips in my daily market view.
It is what I will do as a trader when I am dealing with the
mentioned stocks. It is a stock recommendation and I hope
it is not considered to be a tip. A bad tip will kick you to Holland
while I hope my recommendation will bring you to Money-land.
Genting is still resting on the support level with the next
important level hanging at 2.04 and 2.18 My view is that the
upside potential is higher than any downside slide. In this last
2 weeks of trading, it will consolidate although trending toward
the 2.18 resistance in as many tests and tries.
Ezion and Swiber are below 70cts and $1 respectively now
and their next support is coincidentally at 68cts and 98cts.
I missed their trading by a bid in its last attempt to surge
to new height but they will be very well-supported at the
current price range.
The palm oil stocks had done marvelously this year and
I hope that the readers had benefited from their surges.
If you did not gain from them this year, they will continue
to be the STAR next year although the winning margin
will be less impressive. First Resources will face very strong
resistance in the 1.50s from what I observed from its
daily action and charts. The consolidation in the 1.40s have
to be steady and firm for it to re-test the 1.50s.
Golden Agri lies at the 77cts level again and I still see it in
the 80s region very soon.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Friday, December 17, 2010
Market View 17 December 2010
Wall Street ended higher as "U.S. stocks ended
higher Thursday after fresh U.S. economic reports
fueled optimism and shipping giant FedEx Corp.
offered a brighter forecast." Dow gained 42 points,
S&P 500 added 8 points and Nasdaq advanced 20 points.
Quite a handful of stocks dropped below their support
level yesterday and it will be interesting to see whether
they can re-test it today or next week. Somehow I believe
that the last few trading week of the year is going to be
that quiet as portrayed by the newspapers or some analysts.
It is going to be exciting throughout and not as boring as
expected.
Recent IPOs are likely continue to be chased after but one
really need to see what you are getting into. It is just purely
rotational play and when the music stops, we will see who
is the last one holding the baby. For the winner stocks that I
kept mentioning, Golden Agri dropped below the 77cts support
level to close at 76.5cts. It is going to be re-test that level and
if selling continues, the next meaningful support will be at 73cts.
Genting slided to close at 2.09 below the 2.10 support level and
the same as Golden Agri, it will definitely re-test the level again.
The next support level will be at 2.04
From what I can see, many retailers and traders alike may have
been stuck at high level of certain stocks. If and when the
selling worsen, it will triggered a more "exciting" selloff and
I believe it is a good time to pick up some Christmas bargains
when available.
It is going to be a quiet session today looking at the lack
of push-factor. If you don't want to participate in the market,
then take a early break and head to the Bookfest 2010.
From the feedback that I got from associates and friends,
there are quite a selection and variety of books from multiple
publishers, so head to there if you don't want anything to do
with Mr Market today.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
higher Thursday after fresh U.S. economic reports
fueled optimism and shipping giant FedEx Corp.
offered a brighter forecast." Dow gained 42 points,
S&P 500 added 8 points and Nasdaq advanced 20 points.
Quite a handful of stocks dropped below their support
level yesterday and it will be interesting to see whether
they can re-test it today or next week. Somehow I believe
that the last few trading week of the year is going to be
that quiet as portrayed by the newspapers or some analysts.
It is going to be exciting throughout and not as boring as
expected.
Recent IPOs are likely continue to be chased after but one
really need to see what you are getting into. It is just purely
rotational play and when the music stops, we will see who
is the last one holding the baby. For the winner stocks that I
kept mentioning, Golden Agri dropped below the 77cts support
level to close at 76.5cts. It is going to be re-test that level and
if selling continues, the next meaningful support will be at 73cts.
Genting slided to close at 2.09 below the 2.10 support level and
the same as Golden Agri, it will definitely re-test the level again.
The next support level will be at 2.04
From what I can see, many retailers and traders alike may have
been stuck at high level of certain stocks. If and when the
selling worsen, it will triggered a more "exciting" selloff and
I believe it is a good time to pick up some Christmas bargains
when available.
It is going to be a quiet session today looking at the lack
of push-factor. If you don't want to participate in the market,
then take a early break and head to the Bookfest 2010.
From the feedback that I got from associates and friends,
there are quite a selection and variety of books from multiple
publishers, so head to there if you don't want anything to do
with Mr Market today.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Thursday, December 16, 2010
Market View 16 December 2010
Wall Street ended in the red on late market sell-off as
"U.S. stocks ended lower Wednesday after inflationary
concerns voiced in the bond market helped put a halt to
the S&P 500 Index’s six straight sessions of gains."
Dow lost 19 points, S&P 500 down 6 points and
Nasdaq lost 10 points.
Yesterday afternoon after the lunch break, stocks started
to fall and the pool of reds appeared in many watchlist.
I received inquiries about the reason to the sell-off to
which I replied as normal profit-taking by the funds
and/or traders who have gained from the recent gains
in many stocks. Later, it will revealed that the selling
got something to do with the China policy. I still view
this as a profit-taking and any news now just act as
a catalyst to any selling.
Genting fell to day-low 2.11 and managed to close at
2.13 still way below the 2.18 resistance level. It need to
be able to hold above 2.10 for any upward surge to test
the resistance level again or face the selling toward to the
2.05 level next. Golden Agri closed at the support/resistance
level of 77cts exactly and it will be interesting to see which
way it will now move. I believe it will have heavy downside
selling and will be supported next by 73cts.
A rather interesting stock is Sound Global as it closed in the
green while other were bleeding. I like such a stock and
will pay great attention to it if it continue to surge although
the odds are stack against it in such a market condition now.
First Resources will have support at 1.44 and should this
level be breached, the next support will be 1.40 but I have
a feeling that I won't see such level.
Expect a volatile session with market trending in both
direction waiting to settle down and proceed with the
year-end rally in my opinion.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
"U.S. stocks ended lower Wednesday after inflationary
concerns voiced in the bond market helped put a halt to
the S&P 500 Index’s six straight sessions of gains."
Dow lost 19 points, S&P 500 down 6 points and
Nasdaq lost 10 points.
Yesterday afternoon after the lunch break, stocks started
to fall and the pool of reds appeared in many watchlist.
I received inquiries about the reason to the sell-off to
which I replied as normal profit-taking by the funds
and/or traders who have gained from the recent gains
in many stocks. Later, it will revealed that the selling
got something to do with the China policy. I still view
this as a profit-taking and any news now just act as
a catalyst to any selling.
Genting fell to day-low 2.11 and managed to close at
2.13 still way below the 2.18 resistance level. It need to
be able to hold above 2.10 for any upward surge to test
the resistance level again or face the selling toward to the
2.05 level next. Golden Agri closed at the support/resistance
level of 77cts exactly and it will be interesting to see which
way it will now move. I believe it will have heavy downside
selling and will be supported next by 73cts.
A rather interesting stock is Sound Global as it closed in the
green while other were bleeding. I like such a stock and
will pay great attention to it if it continue to surge although
the odds are stack against it in such a market condition now.
First Resources will have support at 1.44 and should this
level be breached, the next support will be 1.40 but I have
a feeling that I won't see such level.
Expect a volatile session with market trending in both
direction waiting to settle down and proceed with the
year-end rally in my opinion.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Wednesday, December 15, 2010
Market View 15 December 2010
Wall Street advanced in overnight trade as
"The Dow Jones Industrial Average closed at its
highest level since September 2008, lifted by better
than expected retail sales in November, but a dim
view of the pace of the economy's recovery from
the Federal Reserve led stocks to pare gains in the
final hour of trading." Dow advanced 48 points, S&P
500 gained 1 points and Nasdaq added 3 points.
It seems like the Santa Rally has started with the
pennies already but not the Blues yet. STI fell 5 points
yesterday but if you look at the Top Volume counters,
it was crowded with pennies on the run-up and recent IPOs.
Stocks like Sinotel having a delayed reaction to the news
days ago, and of course, the usual permanent resident
stocks like Genting and Golden Agri.
Genting is below the important 2.18 resistance again and
while I still believe it will be moving up, it is also good to
take a break for the time being. It may move sideways
and consolidate but the 2.18 will be tested again and again
with upward target seen initially at 2.26
Golden Agri hit 80cts yesterday but closed at 79cts up 1.5cts.
It also briefly stay on the support level of 77cts and proceed
to move up. I am with the idea that it will be in 80s with
82cts the nearest resistance and further upside can be seen
till 87cts level. All these targets are valid IF it stay above the
77cts support level.
Ezion and Swiber did not perform yesterday while Sound Global
added 1 cts at 83cts. Sound Global will be a changed-stock once
it surge pass the 83.5cts resistance level.
Yesterday morning, when Sinotel has just started the move, I told
a member at Skype that its target for this surge will be around
37-38cts region. It hit 37cts day-high and closed at 36.5cts. The region
will be tested again and the next resistance will be at 40cts if it
is broken through. A few readers asked for more stocks to look-out
for and have the potential to move on. From what I can see
in my watchlist, I believe that SinoGrandness and United Envirotech
is worth a good look.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
"The Dow Jones Industrial Average closed at its
highest level since September 2008, lifted by better
than expected retail sales in November, but a dim
view of the pace of the economy's recovery from
the Federal Reserve led stocks to pare gains in the
final hour of trading." Dow advanced 48 points, S&P
500 gained 1 points and Nasdaq added 3 points.
It seems like the Santa Rally has started with the
pennies already but not the Blues yet. STI fell 5 points
yesterday but if you look at the Top Volume counters,
it was crowded with pennies on the run-up and recent IPOs.
Stocks like Sinotel having a delayed reaction to the news
days ago, and of course, the usual permanent resident
stocks like Genting and Golden Agri.
Genting is below the important 2.18 resistance again and
while I still believe it will be moving up, it is also good to
take a break for the time being. It may move sideways
and consolidate but the 2.18 will be tested again and again
with upward target seen initially at 2.26
Golden Agri hit 80cts yesterday but closed at 79cts up 1.5cts.
It also briefly stay on the support level of 77cts and proceed
to move up. I am with the idea that it will be in 80s with
82cts the nearest resistance and further upside can be seen
till 87cts level. All these targets are valid IF it stay above the
77cts support level.
Ezion and Swiber did not perform yesterday while Sound Global
added 1 cts at 83cts. Sound Global will be a changed-stock once
it surge pass the 83.5cts resistance level.
Yesterday morning, when Sinotel has just started the move, I told
a member at Skype that its target for this surge will be around
37-38cts region. It hit 37cts day-high and closed at 36.5cts. The region
will be tested again and the next resistance will be at 40cts if it
is broken through. A few readers asked for more stocks to look-out
for and have the potential to move on. From what I can see
in my watchlist, I believe that SinoGrandness and United Envirotech
is worth a good look.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Tuesday, December 14, 2010
Market View 14 December 2010
Wall Street closed mixed in overnight trade after
"Nasdaq closed lower to end eight straight days of gains
on Monday as some large-cap tech stocks slid in a late-day
sell-off.The Dow cut its gains and the S&P 500 ended a
thinly traded session flat as optimism faded over China's move
to tame its growth, and as some technical indicators suggested
a near-term pullback could be in the cards" Dow gained 18
points, S&P 500 added a mere 0.06 points and Nasdaq
lost 13 points.
If you have been watching the Top Volume stocks recently,
you should noticed that the recent IPOs are in play.
Stocks like Mewah, Amtek, STXOSV and even XinRen
helped by broker call and/or fundamental news surged
high in the last few trading days. I can only say that
it is a normal practice and this is just a rotational interest
switching around but watch out for the fundamental of
the company if you are putting money and investing in
the mentioned companies.
Many stocks are hovering around important support/resistance
level based on yesterday closing figures. Genting is below the
2.18 level but it is likely to test it again and again and make
a move toward the 2.20s. The next significant support level
will be at 2.11 Golden Agri and First Resources are just one
bid on top of their respective support level of 1.51 and 77cts.
Their trend is not over yet but the momentum are weaken
at the moment.
Ezion and Swiber are still performing reasonably although it
can be much better if you are in the stocks like myself.
Ezion's resistance of 74cts is just a stone-throw away and
it is likely to be able to test it. Take note of Sound Global
if it can surge pass the 83cts resistance again.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
"Nasdaq closed lower to end eight straight days of gains
on Monday as some large-cap tech stocks slid in a late-day
sell-off.The Dow cut its gains and the S&P 500 ended a
thinly traded session flat as optimism faded over China's move
to tame its growth, and as some technical indicators suggested
a near-term pullback could be in the cards" Dow gained 18
points, S&P 500 added a mere 0.06 points and Nasdaq
lost 13 points.
If you have been watching the Top Volume stocks recently,
you should noticed that the recent IPOs are in play.
Stocks like Mewah, Amtek, STXOSV and even XinRen
helped by broker call and/or fundamental news surged
high in the last few trading days. I can only say that
it is a normal practice and this is just a rotational interest
switching around but watch out for the fundamental of
the company if you are putting money and investing in
the mentioned companies.
Many stocks are hovering around important support/resistance
level based on yesterday closing figures. Genting is below the
2.18 level but it is likely to test it again and again and make
a move toward the 2.20s. The next significant support level
will be at 2.11 Golden Agri and First Resources are just one
bid on top of their respective support level of 1.51 and 77cts.
Their trend is not over yet but the momentum are weaken
at the moment.
Ezion and Swiber are still performing reasonably although it
can be much better if you are in the stocks like myself.
Ezion's resistance of 74cts is just a stone-throw away and
it is likely to be able to test it. Take note of Sound Global
if it can surge pass the 83cts resistance again.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Monday, December 13, 2010
Market View 13 December 2010
Another fresh trading week with lots of action
to look forward. As we approach the year-end,
there are people who are looking for the Santa
rally, year-end rally (Capricorn rally) but are
we going to get it this year.
Seriously, I see no strong reason why we are not
going to see one in the following weeks. Unless
some unforeseen and drastic measures from the US
or China government come through, the market
situation is going to be bright although low volume
throughout. The focus will be on SOME stocks and
not ALL of the stocks as you can see from the
expected trading volumes.
Genting will be a hotly-tracked and pursued stocks for
many years to come. It closed below the 2.18 resistance
last Friday at 2.17 Further upside will be seen at 2.16
with the next support level at 2.11
The palm oil counters will continue to be in the limelight
and I expect Golden Agri to test for the 80s if its 77cts
support/resistance level is maintained. Follow the leaders
like Indo Agri, Golden Agri and First Resources and not the
followers like Kencana and Global Palm although the laggards
may get a re-valuation if the leaders are surging through the roof.
Last week's recommendation of Ezion and Swiber are still
good and valid but Sound Global did not make the move
as expected. Ezion will face the resistance at 74cts and Swiber
will see it at 1.06
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
to look forward. As we approach the year-end,
there are people who are looking for the Santa
rally, year-end rally (Capricorn rally) but are
we going to get it this year.
Seriously, I see no strong reason why we are not
going to see one in the following weeks. Unless
some unforeseen and drastic measures from the US
or China government come through, the market
situation is going to be bright although low volume
throughout. The focus will be on SOME stocks and
not ALL of the stocks as you can see from the
expected trading volumes.
Genting will be a hotly-tracked and pursued stocks for
many years to come. It closed below the 2.18 resistance
last Friday at 2.17 Further upside will be seen at 2.16
with the next support level at 2.11
The palm oil counters will continue to be in the limelight
and I expect Golden Agri to test for the 80s if its 77cts
support/resistance level is maintained. Follow the leaders
like Indo Agri, Golden Agri and First Resources and not the
followers like Kencana and Global Palm although the laggards
may get a re-valuation if the leaders are surging through the roof.
Last week's recommendation of Ezion and Swiber are still
good and valid but Sound Global did not make the move
as expected. Ezion will face the resistance at 74cts and Swiber
will see it at 1.06
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Friday, December 10, 2010
Market View 10 December 2010
Wall Street ended mixed in overnight trade as
"U.S. stocks edged up on Thursday, with the
benchmark S&P 500 closing at a two-year high,
a trend investors expect to continue through the rest
of the year. The Nasdaq finished higher for the
seventh straight day and closed at its highest level since
December 2007. " Dow down 2 points while S&P 500
rose 5 points and Nasdaq advanced 8 points.
The winner stocks continued to rise yesterday and I
believe that the readers should have benefited from
a few of the recommendations if not all.
Only Sound Global did not really make the move
but it is still on a close-watch.
If you are interested in GLP trading, then look at it
when it break the recent high 2.19 barrier.
Swiber and Ezion had done well this 2 days and
glad to see that a member had made money from the
stocks although he had taken the profits too early.
The resistance and support of the stocks were in
previous postings.
Sector to focus on: Plantation, O&M, Water-treatment & Techs.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
"U.S. stocks edged up on Thursday, with the
benchmark S&P 500 closing at a two-year high,
a trend investors expect to continue through the rest
of the year. The Nasdaq finished higher for the
seventh straight day and closed at its highest level since
December 2007. " Dow down 2 points while S&P 500
rose 5 points and Nasdaq advanced 8 points.
The winner stocks continued to rise yesterday and I
believe that the readers should have benefited from
a few of the recommendations if not all.
Only Sound Global did not really make the move
but it is still on a close-watch.
If you are interested in GLP trading, then look at it
when it break the recent high 2.19 barrier.
Swiber and Ezion had done well this 2 days and
glad to see that a member had made money from the
stocks although he had taken the profits too early.
The resistance and support of the stocks were in
previous postings.
Sector to focus on: Plantation, O&M, Water-treatment & Techs.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Thursday, December 9, 2010
Market View 9 December 2010
Wall Street edged up in overnight trade as "U.S. stocks
closed slightly higher Wednesday, as a rally in financial
stocks and hopes over the impact of tax cuts offset
concerns about the deficit and a selloff in government bonds."
Dow up 13 points, S&P 500 added 5 points and
Nasdaq advanced 11 points.
Yesterday was another field day for the winners stocks
as they advanced further. Genting closed at the support/resistance
level of 2.18 with further upside seen at 2.26 and supported
at 2.11 The plantation stocks were doing well too with First
Resources and Golden Agri surging further. Their resistance
and support level were at previous posting.
I specifically mentioned 3 stocks yesterday: Ezion, Swiber and
Sound Global, and out of the 3, 2 of them broke out. Ezion
broke out of tight trading range and if the momentum continues
and with strength, it will be heading toward the 74cts resistance.
Swiber look set to break out of the tight range as well and the
next resistance will be at 1.06 With regards to Sound Global,
it will face 87cts resistance head-on. We can further expect that
the O&M sector will be in play and the water-treatment sectors
will be in hot pursue.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
closed slightly higher Wednesday, as a rally in financial
stocks and hopes over the impact of tax cuts offset
concerns about the deficit and a selloff in government bonds."
Dow up 13 points, S&P 500 added 5 points and
Nasdaq advanced 11 points.
Yesterday was another field day for the winners stocks
as they advanced further. Genting closed at the support/resistance
level of 2.18 with further upside seen at 2.26 and supported
at 2.11 The plantation stocks were doing well too with First
Resources and Golden Agri surging further. Their resistance
and support level were at previous posting.
I specifically mentioned 3 stocks yesterday: Ezion, Swiber and
Sound Global, and out of the 3, 2 of them broke out. Ezion
broke out of tight trading range and if the momentum continues
and with strength, it will be heading toward the 74cts resistance.
Swiber look set to break out of the tight range as well and the
next resistance will be at 1.06 With regards to Sound Global,
it will face 87cts resistance head-on. We can further expect that
the O&M sector will be in play and the water-treatment sectors
will be in hot pursue.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Wednesday, December 8, 2010
Market View 8 December 2010
Wall Street ended mixed as "U.S. stocks lost most of
their gains to end near neutral on Tuesday, as a rise in
the dollar amid deficit worries took the steam out of early
enthusiasm over a U.S. deal to extend tax cuts."
Dow was up nearly 90 points at mid-day but ended the
day down 3 points, S&P 500 gained 1 point and
Nasdaq advanced 4 points.
I am sure that many readers had a good trading
day yesterday with so many stocks surging to the roof.
Genting charged pass the 2.11 again and closed at
2.14, quite a good showing and was rewarding as well.
Resistance is at stronghold 2.18
The plantation stocks also had a field day as they
were the really the main focus of the day.
First Resources rose to high of 1.53 before settling
to close at 1.52 with the 1.51 support level just a bid
away. It will face strong resistance at 1.58 level.
If you were watching Golden Agri at the final hour
of trading yesterday, then you would have witnessed
a very exciting tug-of-war battle at the 77cts resistance level.
Heavy bombardment were shelling at the resistance
but it stood strong and when the dust has settled,
the closing was at 77cts. Expect the same scenario today
but the resistance may be breached and it will become
a good support for the "aggressor". It will have next support
at 74cts and resistance at 82cts.
A few readers asked me for other stocks to watch-out for
potential breakout or movement. I noticed a few and they
are Sound Global, Ezion, Swiber. You don't need that many
stocks to make big in the market. Just follow the winners and
you are in good hand.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
their gains to end near neutral on Tuesday, as a rise in
the dollar amid deficit worries took the steam out of early
enthusiasm over a U.S. deal to extend tax cuts."
Dow was up nearly 90 points at mid-day but ended the
day down 3 points, S&P 500 gained 1 point and
Nasdaq advanced 4 points.
I am sure that many readers had a good trading
day yesterday with so many stocks surging to the roof.
Genting charged pass the 2.11 again and closed at
2.14, quite a good showing and was rewarding as well.
Resistance is at stronghold 2.18
The plantation stocks also had a field day as they
were the really the main focus of the day.
First Resources rose to high of 1.53 before settling
to close at 1.52 with the 1.51 support level just a bid
away. It will face strong resistance at 1.58 level.
If you were watching Golden Agri at the final hour
of trading yesterday, then you would have witnessed
a very exciting tug-of-war battle at the 77cts resistance level.
Heavy bombardment were shelling at the resistance
but it stood strong and when the dust has settled,
the closing was at 77cts. Expect the same scenario today
but the resistance may be breached and it will become
a good support for the "aggressor". It will have next support
at 74cts and resistance at 82cts.
A few readers asked me for other stocks to watch-out for
potential breakout or movement. I noticed a few and they
are Sound Global, Ezion, Swiber. You don't need that many
stocks to make big in the market. Just follow the winners and
you are in good hand.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Tuesday, December 7, 2010
Market View 7 December 2010
Wall Street ended mixed as "stocks on Monday ended
a three-day winning streak, hampered by worries about
Europe’s ability to stem a spreading debt crisis, with losses
limited by strength in tech stocks." Dow lost 20 points,
S&P 500 down 2 points while Nasdaq advanced 3 points.
Yesterday, the main focus had been Genting and the
plantation stocks that I have mentioned numerous times.
Genting closed below the 2.11 resistance again after surging
to high of 2.14 It will test it again today and with so many
positions stuck at higher price on top, it will really require
great volume and buying to propel it to the next resistance
at 2.18
First Resources did remarkably well yesterday and it appears
that 1.51 resistance may be tested soon with supporting forces
gathering at the 1.44 level. Golden Agri is likely to face strong
resistance at 77cts and it is pretty near to the support at 73cts.
I am quite disappointed with GLP's performance and I had
caused readers' losses from the counter. Please have a cut-loss
level if you are not able to weather the storm now. It will once again
be very attractive near the 2.25 level in my opinion.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
a three-day winning streak, hampered by worries about
Europe’s ability to stem a spreading debt crisis, with losses
limited by strength in tech stocks." Dow lost 20 points,
S&P 500 down 2 points while Nasdaq advanced 3 points.
Yesterday, the main focus had been Genting and the
plantation stocks that I have mentioned numerous times.
Genting closed below the 2.11 resistance again after surging
to high of 2.14 It will test it again today and with so many
positions stuck at higher price on top, it will really require
great volume and buying to propel it to the next resistance
at 2.18
First Resources did remarkably well yesterday and it appears
that 1.51 resistance may be tested soon with supporting forces
gathering at the 1.44 level. Golden Agri is likely to face strong
resistance at 77cts and it is pretty near to the support at 73cts.
I am quite disappointed with GLP's performance and I had
caused readers' losses from the counter. Please have a cut-loss
level if you are not able to weather the storm now. It will once again
be very attractive near the 2.25 level in my opinion.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Monday, December 6, 2010
Market View 6 December 2010
Somehow I don't know how did I manage
to spend the weekend without doing anything
productive and rewarding other than spending
quality time with my love ones. I believe that
even if you have all the world fortune in your
palm but you can only enjoy it alone, then it will
be meaningless and useless in my opinion.
To me, a good family relationship is key to rewarding
trading although I do know of some loner traders
performing decently well too, but that is not my
belief and idea to stock trading.
Well...getting back to stock trading now.
Genting had a good run last Friday but still
closed below the resistance of 2.11 It will definitely
test it again and the next resistance stands at the
all-important 2.18
GLP's resistance is still the same as 2.25 although it
will really require a strong volume and strength to
break it.
The palm oil stocks are still doing well and the
resistance level had been much documented in my
previous postings.
Some readers asked me whether I will close my book
and go for holiday in December? No, I am not going anywhere
this month and will sit out the month together with my
trusty computer. :-) Some readers commented that it is
quite boring to trade nowadays but it is not exactly the same
case to me. If you notice, I only stick to stocks that will surely
have liquidity and momentum to be in it.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
to spend the weekend without doing anything
productive and rewarding other than spending
quality time with my love ones. I believe that
even if you have all the world fortune in your
palm but you can only enjoy it alone, then it will
be meaningless and useless in my opinion.
To me, a good family relationship is key to rewarding
trading although I do know of some loner traders
performing decently well too, but that is not my
belief and idea to stock trading.
Well...getting back to stock trading now.
Genting had a good run last Friday but still
closed below the resistance of 2.11 It will definitely
test it again and the next resistance stands at the
all-important 2.18
GLP's resistance is still the same as 2.25 although it
will really require a strong volume and strength to
break it.
The palm oil stocks are still doing well and the
resistance level had been much documented in my
previous postings.
Some readers asked me whether I will close my book
and go for holiday in December? No, I am not going anywhere
this month and will sit out the month together with my
trusty computer. :-) Some readers commented that it is
quite boring to trade nowadays but it is not exactly the same
case to me. If you notice, I only stick to stocks that will surely
have liquidity and momentum to be in it.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Friday, December 3, 2010
Market View 3 December 2010
Wall Street continued to be in the green as "Stocks
rallied for a second straight day Thursday, with
assurances of support from the European Central
Bank helping ease investor concerns over the region’s
debt, while upbeat U.S. reports on retail and home sales
lifted investor sentiment."
Dow gained 107 points, S&P 500 added 15 points
and Nasdaq advanced 30 points.
Yesterday, many stocks never performed as well
as expected and a handful of them even closed
in the red. With US indexes surging again for the
2nd day, we shall see whether the resistance can be
broken again.
Genting continue to have 2.04 as a good resistance/support
level and any surge will be likely capped at 2.11 initially
before any more meaningful surges. GLP's 2.25 resistance
were broken temporarily yesterday but it reversed and
closed at 2.24 It will test it again and with next 2.32 in sight
when broken convincingly.
The palm oil plantation stocks is still performing well and
I have a few readers gaining and profiting from their
moves lately. I simply like to follow the winner stocks till
the trend ended and nothing done before so. The trick of
adding on position to winner stocks is one that the retailers
need to add to their trading strategy to near-maximum profit
from the surging stocks.
Today is Friday, so history may repeat itself and stocks
may not close as strong as the opening due to sellings
before the weekend. That is what I will do as well if you ask me.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
rallied for a second straight day Thursday, with
assurances of support from the European Central
Bank helping ease investor concerns over the region’s
debt, while upbeat U.S. reports on retail and home sales
lifted investor sentiment."
Dow gained 107 points, S&P 500 added 15 points
and Nasdaq advanced 30 points.
Yesterday, many stocks never performed as well
as expected and a handful of them even closed
in the red. With US indexes surging again for the
2nd day, we shall see whether the resistance can be
broken again.
Genting continue to have 2.04 as a good resistance/support
level and any surge will be likely capped at 2.11 initially
before any more meaningful surges. GLP's 2.25 resistance
were broken temporarily yesterday but it reversed and
closed at 2.24 It will test it again and with next 2.32 in sight
when broken convincingly.
The palm oil plantation stocks is still performing well and
I have a few readers gaining and profiting from their
moves lately. I simply like to follow the winner stocks till
the trend ended and nothing done before so. The trick of
adding on position to winner stocks is one that the retailers
need to add to their trading strategy to near-maximum profit
from the surging stocks.
Today is Friday, so history may repeat itself and stocks
may not close as strong as the opening due to sellings
before the weekend. That is what I will do as well if you ask me.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Thursday, December 2, 2010
Market View 2 December 2010
Wall Street rallied in overnight trade as the major
indexes posted the biggest gain in 3 months
Dow surged 250 points, S&P 500 gained 26 points
and Nasdaq advanced 51 points.
Stock will definitely open higher today but the question
is will it last till the end of the trading day?
I have my doubt whether it will be this way today but
for those Hot stocks, they will. Plantation stocks performed
very well even during last few days, so expect the momentum
to continue with Golden Agri and First Resources leading
the pack of Kencana and Global Palm. Recent IPO Mewah
is expected to have to hit bottom at 89cts and should be heading
toward initial resistance at 96cts and above the $1 mark when broken.
Genting will almost definitely surge pass the 2.04 resistance
today but how high can it go today? I am thinking that
the next 2.11 resistance is a strong one and its movement
will be capped for the time being. I mentioned yesterday that
I will be VERY interested with GLP if it break the 2.25 resistance
and I am still VERY interested today.
Take note that the bullish market sentiment may not last for
the whole day and it will be wise to implement a trailing stop
in case of any change to the wind direction.
If you want to ask me whether the year-end rally has started,
I have to keep my mouth shut now and let Mr Market do all
the talking.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
indexes posted the biggest gain in 3 months
Dow surged 250 points, S&P 500 gained 26 points
and Nasdaq advanced 51 points.
Stock will definitely open higher today but the question
is will it last till the end of the trading day?
I have my doubt whether it will be this way today but
for those Hot stocks, they will. Plantation stocks performed
very well even during last few days, so expect the momentum
to continue with Golden Agri and First Resources leading
the pack of Kencana and Global Palm. Recent IPO Mewah
is expected to have to hit bottom at 89cts and should be heading
toward initial resistance at 96cts and above the $1 mark when broken.
Genting will almost definitely surge pass the 2.04 resistance
today but how high can it go today? I am thinking that
the next 2.11 resistance is a strong one and its movement
will be capped for the time being. I mentioned yesterday that
I will be VERY interested with GLP if it break the 2.25 resistance
and I am still VERY interested today.
Take note that the bullish market sentiment may not last for
the whole day and it will be wise to implement a trailing stop
in case of any change to the wind direction.
If you want to ask me whether the year-end rally has started,
I have to keep my mouth shut now and let Mr Market do all
the talking.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Wednesday, December 1, 2010
Market View 1December 2010
Wall Street closed in the red again as "worries over
European sovereign debt overshadowed some better
U.S. economic data." Dow lost 46 points, S&P 500
fell 7 points and Nasdaq lost 27 points.
Today is the first trading day of December, the last
trading month of the year. A few readers have been asking
whether I foresee a year-end rally, or Capricorn effect (rally)
as it was called. The market had went up pretty nicely this
year but I still believe we will see one coming in the
coming weeks although the scale may not be that powerful.
If the Euro PIGS crisis worsen and/or the mad old man
in North Korea trying to tell the world that he is alive
by showing what he has in his military arsenal, then it will
derail any decent incoming rally. Nonetheless, we should
still have a presentable year-end window-dressing, in my opinion.
Genting is currently being caught in a trading range of 1.97-2.04
and any breakout of either side will push it to the recent high and
low. Next support at 1.90 and resistance at 2.11
GLP, as expected in blog yesterday, hit the 2.25 resistance head-on
and reversed to close 2.22 I will be VERY interested if it surge
pass the resistance again. Next support at 2.19
The plantation stocks never really moved much yesterday
but I don't see their trend dropping either. Refer to my previous
posts for their resistance and support level.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
European sovereign debt overshadowed some better
U.S. economic data." Dow lost 46 points, S&P 500
fell 7 points and Nasdaq lost 27 points.
Today is the first trading day of December, the last
trading month of the year. A few readers have been asking
whether I foresee a year-end rally, or Capricorn effect (rally)
as it was called. The market had went up pretty nicely this
year but I still believe we will see one coming in the
coming weeks although the scale may not be that powerful.
If the Euro PIGS crisis worsen and/or the mad old man
in North Korea trying to tell the world that he is alive
by showing what he has in his military arsenal, then it will
derail any decent incoming rally. Nonetheless, we should
still have a presentable year-end window-dressing, in my opinion.
Genting is currently being caught in a trading range of 1.97-2.04
and any breakout of either side will push it to the recent high and
low. Next support at 1.90 and resistance at 2.11
GLP, as expected in blog yesterday, hit the 2.25 resistance head-on
and reversed to close 2.22 I will be VERY interested if it surge
pass the resistance again. Next support at 2.19
The plantation stocks never really moved much yesterday
but I don't see their trend dropping either. Refer to my previous
posts for their resistance and support level.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Tuesday, November 30, 2010
Market View 30 November 2010
Wall Street ended in the red as "strong weekend retail
sales failed to offset concerns over the European economy
following Ireland's multibillion-dollar bailout."
Dow lost 40 points, S&P 500 fell 1.6 points and
Nasdaq lost 9 points.
I was back in Singapore looking at the market in the
afternoon yesterday, and from what I saw, I was
expecting a mini-rally for today. Many stocks managed
to rebound from the day-low and near-to or closed at
day-high. The plantation stocks especially show a strong
performance and we have Indoagri and First Resources
closing the green, while Golden Agri and Kencana were
neutral and Global Palm the only counters in the red.
The plantation counters are still bullish in my view,
and any market revival will be lead by them and
others like Genting and GLP. First Resources will face
resistance at 1.45 and supported at 1.38
Golden Agri will face resistance at 78cts and will be
supported at 70cts in my view. This is to the reader,
Harry, who emailed me yesterday: You got the stock
at a good price, and you should be pretty safe with a
trailing stop, and ride up the stock to the resistance
level. If you should desire, you can seek to add
position of the stock, as that is really how you will make
big $ in stock trading.
Genting continues to have 2.04 as a resistance and
the next one will be at 2.10. It will be supported at
1.97 level. GLP reported an impressive result yesterday,
and its stock may have some activity today.
Last week, numerous brokerage house started stock
coverage on the stock with Buy and Outperform calls,
but its stock price were dragged down by weak market
sentiment. Now that it has a good fundamental news backing
the stock, it is interesting to see whether the price has
factored in the news already or the stock will do
a price discovery today. It will face initial resistance at
2.25 and then it is 2.32 next. Support will be at 2.19
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
sales failed to offset concerns over the European economy
following Ireland's multibillion-dollar bailout."
Dow lost 40 points, S&P 500 fell 1.6 points and
Nasdaq lost 9 points.
I was back in Singapore looking at the market in the
afternoon yesterday, and from what I saw, I was
expecting a mini-rally for today. Many stocks managed
to rebound from the day-low and near-to or closed at
day-high. The plantation stocks especially show a strong
performance and we have Indoagri and First Resources
closing the green, while Golden Agri and Kencana were
neutral and Global Palm the only counters in the red.
The plantation counters are still bullish in my view,
and any market revival will be lead by them and
others like Genting and GLP. First Resources will face
resistance at 1.45 and supported at 1.38
Golden Agri will face resistance at 78cts and will be
supported at 70cts in my view. This is to the reader,
Harry, who emailed me yesterday: You got the stock
at a good price, and you should be pretty safe with a
trailing stop, and ride up the stock to the resistance
level. If you should desire, you can seek to add
position of the stock, as that is really how you will make
big $ in stock trading.
Genting continues to have 2.04 as a resistance and
the next one will be at 2.10. It will be supported at
1.97 level. GLP reported an impressive result yesterday,
and its stock may have some activity today.
Last week, numerous brokerage house started stock
coverage on the stock with Buy and Outperform calls,
but its stock price were dragged down by weak market
sentiment. Now that it has a good fundamental news backing
the stock, it is interesting to see whether the price has
factored in the news already or the stock will do
a price discovery today. It will face initial resistance at
2.25 and then it is 2.32 next. Support will be at 2.19
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Monday, November 29, 2010
No Market View for today
I have to settle some personal matters across
the causeway so can only rush back this morning
therefore unable to provide a Market View today.
It will be resumed tomorrow.
Sorry for any inconvenience caused.
the causeway so can only rush back this morning
therefore unable to provide a Market View today.
It will be resumed tomorrow.
Sorry for any inconvenience caused.
Friday, November 26, 2010
Market View 26 November 2010
Since US is on holiday yesterday, so I will dive
into what we have on our market today.
I mentioned yesterday that "Selected stocks will be
pushed up with good volume and rewarding profits.
Expect to see Genting, GLP and Commodities and
Plantation stocks leading the way.", and it was indeed
the case.
Genting will continue to face 2.04 resistance with 2.10
the next to come if breached. Golden Agri and the rest
of the plantation stocks performed reasonably well
although the reward could have been more.
Today's sentiment maybe a rather quiet one being
Friday and lacking of clear trading catalyst. That is
precise the reason that I keep sticking to stock winners,
those that are with me for a while, as their pattern will
be captured and taken advantage of.
Regarding the Sabana Reit that a reader asked me
2 days ago, it will debut today at 2pm and not 9am.
If you got the stock from placement or public offer,
please take note.
For those who feel that they have had enough of this
week's action, there is SITEX at Singapore Expo where
you can pick up the latest gadgets. I enjoy visiting such
tech shows to see the who/what behind the tech products,
and you can gain a lot of insight from such event, if you
have an open mind of a "investor" and/or "trader",
and not plainly browsing. Just for the record, I am still with
the view that the tech stocks are likely to be the
superstar next year. I will write on this in the coming weeks.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
into what we have on our market today.
I mentioned yesterday that "Selected stocks will be
pushed up with good volume and rewarding profits.
Expect to see Genting, GLP and Commodities and
Plantation stocks leading the way.", and it was indeed
the case.
Genting will continue to face 2.04 resistance with 2.10
the next to come if breached. Golden Agri and the rest
of the plantation stocks performed reasonably well
although the reward could have been more.
Today's sentiment maybe a rather quiet one being
Friday and lacking of clear trading catalyst. That is
precise the reason that I keep sticking to stock winners,
those that are with me for a while, as their pattern will
be captured and taken advantage of.
Regarding the Sabana Reit that a reader asked me
2 days ago, it will debut today at 2pm and not 9am.
If you got the stock from placement or public offer,
please take note.
For those who feel that they have had enough of this
week's action, there is SITEX at Singapore Expo where
you can pick up the latest gadgets. I enjoy visiting such
tech shows to see the who/what behind the tech products,
and you can gain a lot of insight from such event, if you
have an open mind of a "investor" and/or "trader",
and not plainly browsing. Just for the record, I am still with
the view that the tech stocks are likely to be the
superstar next year. I will write on this in the coming weeks.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Thursday, November 25, 2010
Market View 25 November 2010
Wall Street recovered from a low to close in the
green as "stock investors put aside worries about
swirling global problems on Wednesday, turning to
improvement in the labor market and signs consumers
are ready to open their wallets ahead of the biggest
shopping day of the year." Dow gained 151 points,
S&P 500 added 18 points and Nasdaq rose 48 points.
Do take note that US is on holiday tonight and trading'
will resume tomorrow.
When the cat is away, the mouse come out and play.
I believe it will be decent trading for the last 2 days
of the week. Selected stocks will be pushed up with
good volume and rewarding profits. Expect to see
Genting, GLP and Commodities and Plantation stocks
leading the way.
Genting closed at $2 yesterday and as what was mentioned
in blog, it will face 2.04 resistance and 2.10 next. Support
will be at 1.97 and 1.90 GLP will face resistance at 2.25
and supported at 2.17
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
green as "stock investors put aside worries about
swirling global problems on Wednesday, turning to
improvement in the labor market and signs consumers
are ready to open their wallets ahead of the biggest
shopping day of the year." Dow gained 151 points,
S&P 500 added 18 points and Nasdaq rose 48 points.
Do take note that US is on holiday tonight and trading'
will resume tomorrow.
When the cat is away, the mouse come out and play.
I believe it will be decent trading for the last 2 days
of the week. Selected stocks will be pushed up with
good volume and rewarding profits. Expect to see
Genting, GLP and Commodities and Plantation stocks
leading the way.
Genting closed at $2 yesterday and as what was mentioned
in blog, it will face 2.04 resistance and 2.10 next. Support
will be at 1.97 and 1.90 GLP will face resistance at 2.25
and supported at 2.17
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Wednesday, November 24, 2010
Market View 24 November 2010
Wall Street slide in overnight trade as "U.S. stocks
tumbled Tuesday as investors fretted over the skirmish
between North Korea and South Korea, lingering euro-zone
debt uncertainty and the Federal Reserve downgrading its
U.S. economic projections."
Dow lost 142 points, S&P 500 dropped 17 points
and Nasdaq fell 37 points.
Yesterday, when the news of the bombardment between
the North Korea and South Korea broke out in the news,
I was thinking how long will the military confrontation lasts.
I don't believe that this will worsen into a full-scale invasion or
continual bombardment as once in a while, the North Korean
strongman just want to let the world knows that he is still
in power and alive. But because the market is already lacking
in good news and catalyst to spur up the market, any unfavourable
news or reports will be 10 times magnified and that created
the sell-off as reported in the papers. In my view, it is just
panic selling and normal profit-taking, a very standard market
practice and behaviour.
Ok, yesterday a readers left a comment asking for my view
on Sabana Reit. My view is that, it is the first Shai'ah compliant
Reit to be listed in Singapore, so it will definitely attract those
Shai'ah compliant funds and investors into putting some money
and getting the stock into their portfolio. It is also expected to be
giving out a generous attractive 8.22-8.25% yield to the investor.
If you are looking for capital gain from this counter, then the
returns may not be impressive. On the other hand, if you are
into stable and reasonable returns, then you can subscribe for the IPO.
Take note that the application will close today 6pm and not the
conventional 12pm, meaning you can even apply it after the
market closed today.
Genting fell 10cts yesterday to close at 1.95 below the support/resistance
level 1.97 It will likely be range-bound between 1.90 to 2.04
for the time being which a break at either side signify
bearish or bullish sentiment on the stock.
The plantation stocks were also badly hit but they are
likely to be stable and consolidating.
Market sentiment will stay cautious for the moment,
so look out for the stronger greens in the pool of reds.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
tumbled Tuesday as investors fretted over the skirmish
between North Korea and South Korea, lingering euro-zone
debt uncertainty and the Federal Reserve downgrading its
U.S. economic projections."
Dow lost 142 points, S&P 500 dropped 17 points
and Nasdaq fell 37 points.
Yesterday, when the news of the bombardment between
the North Korea and South Korea broke out in the news,
I was thinking how long will the military confrontation lasts.
I don't believe that this will worsen into a full-scale invasion or
continual bombardment as once in a while, the North Korean
strongman just want to let the world knows that he is still
in power and alive. But because the market is already lacking
in good news and catalyst to spur up the market, any unfavourable
news or reports will be 10 times magnified and that created
the sell-off as reported in the papers. In my view, it is just
panic selling and normal profit-taking, a very standard market
practice and behaviour.
Ok, yesterday a readers left a comment asking for my view
on Sabana Reit. My view is that, it is the first Shai'ah compliant
Reit to be listed in Singapore, so it will definitely attract those
Shai'ah compliant funds and investors into putting some money
and getting the stock into their portfolio. It is also expected to be
giving out a generous attractive 8.22-8.25% yield to the investor.
If you are looking for capital gain from this counter, then the
returns may not be impressive. On the other hand, if you are
into stable and reasonable returns, then you can subscribe for the IPO.
Take note that the application will close today 6pm and not the
conventional 12pm, meaning you can even apply it after the
market closed today.
Genting fell 10cts yesterday to close at 1.95 below the support/resistance
level 1.97 It will likely be range-bound between 1.90 to 2.04
for the time being which a break at either side signify
bearish or bullish sentiment on the stock.
The plantation stocks were also badly hit but they are
likely to be stable and consolidating.
Market sentiment will stay cautious for the moment,
so look out for the stronger greens in the pool of reds.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Tuesday, November 23, 2010
Market View 23 November 2010
Wall Street closed in the mixed as "Bank shares
weighed on Wall Street on Monday as Europe's
smoldering debt crisis and fears of an insider trading
probe in the United States sapped buying interest for
most of the session." Dow lost 25 points, S&P 500
fell 2 points while Nasdaq advanced 14 points.
If you feel bored during the last couple of trading
days with the lack of trading targets, then you are
not alone. Several readers told me the same thing
and ask what can they do during such a time?
For me, I take this opportunity to do some read-up
on the brokerage reports/articles that I keep saying
wanted to read and open out more stock charts to
look for formations and patterns that meet my trading
view and strategy. You can either do the same or
just staring at the screen and waiting for something
to happen.
I actually expected some actions this week and
it is still early to say that it won't happen.
Look for the leaders in any surge, like Genting,
Golden Agri, Sound Global, GLP...
Genting is still sitting on the 2.04 support waiting
for the next move.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
weighed on Wall Street on Monday as Europe's
smoldering debt crisis and fears of an insider trading
probe in the United States sapped buying interest for
most of the session." Dow lost 25 points, S&P 500
fell 2 points while Nasdaq advanced 14 points.
If you feel bored during the last couple of trading
days with the lack of trading targets, then you are
not alone. Several readers told me the same thing
and ask what can they do during such a time?
For me, I take this opportunity to do some read-up
on the brokerage reports/articles that I keep saying
wanted to read and open out more stock charts to
look for formations and patterns that meet my trading
view and strategy. You can either do the same or
just staring at the screen and waiting for something
to happen.
I actually expected some actions this week and
it is still early to say that it won't happen.
Look for the leaders in any surge, like Genting,
Golden Agri, Sound Global, GLP...
Genting is still sitting on the 2.04 support waiting
for the next move.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Monday, November 22, 2010
Market View 22 November 2010
We only have another 6 more weeks before this
year ends, and that means that the year-end rally
is brewing its strength in my opinion. Stock should
have better showing this week but expect all to
follow suit. The main action will be concentrated
on the selected stocks and definitely not all.
Genting is sitting on the 2.04 support/resistance level
now, and a number of readers asked me for the
"divine" view of its next move. I have to say that
at the current state, it should consolidate for a short
time before staging another surge. The pyschological
support level of $2 and 1.97 will be crucial at this time.
GLP suddenly became a high-volume stock again
last Friday, and I was asked about this from readers.
If you want to know stories, then I can tell you that
a few foreign brokerage house initial coverage with
"Buy" and "Overweight"on the stock with price target
from 2.58-2.90 This will create some play in the stock
with initial resistance at 2.26 then 2.32
I believe that the commodity and plantation stocks
will have action this week given that palm oil refiner
and reseller Mewah IPO will debut this week.
Watch for the palm oil counters, like Golden Agri,
First Resources, Kencana and Global Palm.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
year ends, and that means that the year-end rally
is brewing its strength in my opinion. Stock should
have better showing this week but expect all to
follow suit. The main action will be concentrated
on the selected stocks and definitely not all.
Genting is sitting on the 2.04 support/resistance level
now, and a number of readers asked me for the
"divine" view of its next move. I have to say that
at the current state, it should consolidate for a short
time before staging another surge. The pyschological
support level of $2 and 1.97 will be crucial at this time.
GLP suddenly became a high-volume stock again
last Friday, and I was asked about this from readers.
If you want to know stories, then I can tell you that
a few foreign brokerage house initial coverage with
"Buy" and "Overweight"on the stock with price target
from 2.58-2.90 This will create some play in the stock
with initial resistance at 2.26 then 2.32
I believe that the commodity and plantation stocks
will have action this week given that palm oil refiner
and reseller Mewah IPO will debut this week.
Watch for the palm oil counters, like Golden Agri,
First Resources, Kencana and Global Palm.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Friday, November 19, 2010
Market View 19 November 2010
Wall Street rallied in overnight trade as
"Stocks jumped on Thursday on expectations
of a resolution of Ireland's banking crisis, but
the S&P 500's inability to break through resistance
suggests stocks could be in a tight range through
the end of the year." Dow surged 173 points,
S&P 500 added 18 points and Nasdaq gained 38 points.
After 2 days of trading, we got a holiday break
and after another 2 days of trading, we will have a
weekend break again. This is a pretty quiet trading
week for me as my trading activities are at a low.
If you think I can have my revenge today as US indexes
surged, then think again. Stocks will started off nicely
but I don't believe the strength can last till the closing bell.
Genting breached the 2.04 support line briefly yesterday
before staging a rebound and closed above at 2.05
It will have 2.04 as support again and failing so will
be facing the next support at below $2, that is 1.97
The nearest resistance is at 2.10 and the major resistance
will be at 2.18 It is likely Genting will surge today
but the strength may not be enough.
I have to say that the plantation stocks have a high chance
of staging a comeback as from the chart and sentiment,
they are still a good trading potential with their strength intact.
Take note that today is not the day to show-hand as
I foresee a much weaker closing. I may be wrong but
that is how I see.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
"Stocks jumped on Thursday on expectations
of a resolution of Ireland's banking crisis, but
the S&P 500's inability to break through resistance
suggests stocks could be in a tight range through
the end of the year." Dow surged 173 points,
S&P 500 added 18 points and Nasdaq gained 38 points.
After 2 days of trading, we got a holiday break
and after another 2 days of trading, we will have a
weekend break again. This is a pretty quiet trading
week for me as my trading activities are at a low.
If you think I can have my revenge today as US indexes
surged, then think again. Stocks will started off nicely
but I don't believe the strength can last till the closing bell.
Genting breached the 2.04 support line briefly yesterday
before staging a rebound and closed above at 2.05
It will have 2.04 as support again and failing so will
be facing the next support at below $2, that is 1.97
The nearest resistance is at 2.10 and the major resistance
will be at 2.18 It is likely Genting will surge today
but the strength may not be enough.
I have to say that the plantation stocks have a high chance
of staging a comeback as from the chart and sentiment,
they are still a good trading potential with their strength intact.
Take note that today is not the day to show-hand as
I foresee a much weaker closing. I may be wrong but
that is how I see.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Thursday, November 18, 2010
Market View 18 November 2010
After a short holiday break and it was a
prompt one in my opinion but anyhow,
we are back in trading again.
Wall Street closed mixed in what was a
choppy session as "Investors were unable to
recoup recent losses in the market on Wednesday,
suggesting the struggles recently experienced by
stocks are far from over.
A late-day selloff did not inspire confidence.
Volume was light and early buying faded, as financials
led the market downward. The S&P 500 is down nearly
4 percent since November 5 after rallying nearly 13
percent in September and October."
Dow lost 16 points, S&P 500 edged up 0.25 point
and Nasdaq advanced 6 points.
It was a somewhat boring session on Tuesday
and many stocks are having a hard time with
the rampant profit-taking, but it was nevertheless
a much-need and welcome one in my view.
If you are asking when will the selling stops and
how deep the selling will be, then I have to take
a back seat and allow Mr Market to show me the
clear path. From what I see from chart and sentiment
the selling is not over yet, and it may worsen and
continue for some time.
A few Skype readers asked me whether they can
enter the market on Tuesday afternoon, I told them
only 2 words "Don't Touch" which can be verify by
the readers if they choose to comment on it.
Stocks are likely to play "catch-down" today, and
we are expected to open lower but closing firmer.
Genting closed at the 2.10 support/resistance level
as what I mentioned 2 days ago. Which side of
2.04 and 2.18 will it go? I believe the possibility
of further downside certainly outweigh the upside
potential, but this is Genting that we are talking now,
and I won't discount a surprise wild charge run by it
but 2.18 will be a worthy resistance for now.
I am still cautious at the moment and will sit-out
and watch for bargains and the still-green in such
a circumstance.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
P.S.: I was so bored with the market on Tuesday that I
switched on my TV to watch the Asian Game table-tennis
final between China and Singapore. To my disappointment,
Singapore lost the game, but it was the way that we lost that
triggered to do a write-up on CNA forum about the match.
Below is my write-up:
"新加坡女乒兵败如山倒，惨败。
中国女乒势如破竹，轻松取胜。
虽说中国队占有主场之利，但我队以 3-0 落败也输得太难看了。
或许是之前的对手太弱， 不至于造成威胁， 整支队在面对
逆境时，被打得无招架之力，中国队得以报一箭之仇。
王越古在第一盘的比赛中输的可惜，尤其是第二局的关键时刻。
如果当时侥幸获胜，结局还难于预测。冯天薇表现差劲， 反常，
整场比赛被对手压着打， 败的糊里糊途。李佳薇状态不佳，在
第一局该胜不胜，最后栽在比她小很多的对手的手下， 显然她
已难复当年勇。
各位看官如果有观看直播， 就会发觉我队女将在面对比分落后
时， 就摆出一副认输， 放弃的表情，怎可不败? 反观中国男人婆
女将在主场观众的助威，呐喊下越战越勇， 一举摘下胜果。
有些人会说我队虽败犹荣， 但这些都是安慰落败者的无聊废话，
心存此侥幸，消极心态，应有此败。"
prompt one in my opinion but anyhow,
we are back in trading again.
Wall Street closed mixed in what was a
choppy session as "Investors were unable to
recoup recent losses in the market on Wednesday,
suggesting the struggles recently experienced by
stocks are far from over.
A late-day selloff did not inspire confidence.
Volume was light and early buying faded, as financials
led the market downward. The S&P 500 is down nearly
4 percent since November 5 after rallying nearly 13
percent in September and October."
Dow lost 16 points, S&P 500 edged up 0.25 point
and Nasdaq advanced 6 points.
It was a somewhat boring session on Tuesday
and many stocks are having a hard time with
the rampant profit-taking, but it was nevertheless
a much-need and welcome one in my view.
If you are asking when will the selling stops and
how deep the selling will be, then I have to take
a back seat and allow Mr Market to show me the
clear path. From what I see from chart and sentiment
the selling is not over yet, and it may worsen and
continue for some time.
A few Skype readers asked me whether they can
enter the market on Tuesday afternoon, I told them
only 2 words "Don't Touch" which can be verify by
the readers if they choose to comment on it.
Stocks are likely to play "catch-down" today, and
we are expected to open lower but closing firmer.
Genting closed at the 2.10 support/resistance level
as what I mentioned 2 days ago. Which side of
2.04 and 2.18 will it go? I believe the possibility
of further downside certainly outweigh the upside
potential, but this is Genting that we are talking now,
and I won't discount a surprise wild charge run by it
but 2.18 will be a worthy resistance for now.
I am still cautious at the moment and will sit-out
and watch for bargains and the still-green in such
a circumstance.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
P.S.: I was so bored with the market on Tuesday that I
switched on my TV to watch the Asian Game table-tennis
final between China and Singapore. To my disappointment,
Singapore lost the game, but it was the way that we lost that
triggered to do a write-up on CNA forum about the match.
Below is my write-up:
"新加坡女乒兵败如山倒，惨败。
中国女乒势如破竹，轻松取胜。
虽说中国队占有主场之利，但我队以 3-0 落败也输得太难看了。
或许是之前的对手太弱， 不至于造成威胁， 整支队在面对
逆境时，被打得无招架之力，中国队得以报一箭之仇。
王越古在第一盘的比赛中输的可惜，尤其是第二局的关键时刻。
如果当时侥幸获胜，结局还难于预测。冯天薇表现差劲， 反常，
整场比赛被对手压着打， 败的糊里糊途。李佳薇状态不佳，在
第一局该胜不胜，最后栽在比她小很多的对手的手下， 显然她
已难复当年勇。
各位看官如果有观看直播， 就会发觉我队女将在面对比分落后
时， 就摆出一副认输， 放弃的表情，怎可不败? 反观中国男人婆
女将在主场观众的助威，呐喊下越战越勇， 一举摘下胜果。
有些人会说我队虽败犹荣， 但这些都是安慰落败者的无聊废话，
心存此侥幸，消极心态，应有此败。"
Tuesday, November 16, 2010
Market View 16 November 2010
Wall Street closed mixed as "Stocks slipped on
Monday as concerns the Federal Reserve may
scale back its efforts to stimulate the economy
muted optimism over two big takeover bids.
The S&P 500 held above its 20-day moving average,
now near 1,196 and marking a potential support level,
though the index closed slightly lower."
Dow added 9 points, S&P 500 lost 1 points and
Nasdaq down 4 points.
Yesterday's market was "boring" as complained
by a handful of Skype readers, but it is in this
type of market that bargains are spotted and act upon.
I will share a trading tip today that will surely
be rewarding to the readers for many years to come
who understand the meaning behind it.
During a selldown or profit-taking or boring low volume
session, look out for stocks that still closed in the
green and with reasonable trading volume.
They will be the main attraction when the selling
is over or when their volume pick-up. While others
are in the red, they are in the green for a "reason",
such as fundamental news coming out soon, BBs
are still in the stock for the short-run, etc.
You will benefit if you truly understand and realise
the idea behind it.
Genting hit the major resistance level 2.18 as expected
but reverse down to close 2.09 As mentioned in yesterday
blog, it will now face resistance at 2.10 and 2.18 while
the support is at 2.04 and 1.97 Technically, the selling is
not over yet and may continue for the coming days.
Although I wish to see Genting below $2 again, but the
readers should note that this is a wild horse and it may
just spring up against all odds.
We will have a public holiday tomorrow and it is
likely we will have a cautious but firmer session today.
If you are not uncomfortable in taking positions in
such market sentiment today, then have a good break.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
P.S.: Last week, I received a very encouraging email from
a reader, Harry Cho. After seeking his permission in producing
the email in the blog, I am glad to put his email here.
It is such email that propel me to continue to blog and
feel appreciated, and knowing that I am not creating
cyber rubbish. Thank you, Harry.
Monday as concerns the Federal Reserve may
scale back its efforts to stimulate the economy
muted optimism over two big takeover bids.
The S&P 500 held above its 20-day moving average,
now near 1,196 and marking a potential support level,
though the index closed slightly lower."
Dow added 9 points, S&P 500 lost 1 points and
Nasdaq down 4 points.
Yesterday's market was "boring" as complained
by a handful of Skype readers, but it is in this
type of market that bargains are spotted and act upon.
I will share a trading tip today that will surely
be rewarding to the readers for many years to come
who understand the meaning behind it.
During a selldown or profit-taking or boring low volume
session, look out for stocks that still closed in the
green and with reasonable trading volume.
They will be the main attraction when the selling
is over or when their volume pick-up. While others
are in the red, they are in the green for a "reason",
such as fundamental news coming out soon, BBs
are still in the stock for the short-run, etc.
You will benefit if you truly understand and realise
the idea behind it.
Genting hit the major resistance level 2.18 as expected
but reverse down to close 2.09 As mentioned in yesterday
blog, it will now face resistance at 2.10 and 2.18 while
the support is at 2.04 and 1.97 Technically, the selling is
not over yet and may continue for the coming days.
Although I wish to see Genting below $2 again, but the
readers should note that this is a wild horse and it may
just spring up against all odds.
We will have a public holiday tomorrow and it is
likely we will have a cautious but firmer session today.
If you are not uncomfortable in taking positions in
such market sentiment today, then have a good break.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
P.S.: Last week, I received a very encouraging email from
a reader, Harry Cho. After seeking his permission in producing
the email in the blog, I am glad to put his email here.
It is such email that propel me to continue to blog and
feel appreciated, and knowing that I am not creating
cyber rubbish. Thank you, Harry.
"Hello SL
After following you for a week, I have come to realise you are no ordinary blogger. You are an extraordinary blogger.
To use an analogy, it seems like I had been running around for some time trying to learn karate from a good teacher and some years later, I bump into a gentleman who has a black belt in karate.
I wonder what was your initial motivation to start the blog but it looks lke it comes from a good heart.
A thousand thanks for your amazing posts and guidance,
Harry""Hello SL
It is a pleasant surprise to receive your request.
Certainly, please go ahead if you feel you would like to publish my email on your blog. If you would like to include my name, it is fine with me as well.
My email was written in honest appreciation, after a week-long, highly objective evaluation.
I gradually became filled with astonishment that a heavyweight is writing the blog. And it is both for the education and benefit of retail players, the so-called dumb money.
Expressing a thousand thanks,
Harry"
Monday, November 15, 2010
Market View 15 November 2010
It was a pool of reds in our market last Friday
as profit-taking took centre-stage and sellings
can be seen in the blues and pennies.
Genting suffered the selling badly but it still
managed to hit a high of 2.17, that is 1 bid from
the major resistance level 2.18 It will have supporting
forces at 2.10 and 2.04
Last Friday, SSE crashed 5.2% and alll eyes will be
on whether the SSE will continue to slide down or
consolidate this week.
The plantation stocks have a great run lately but
to me their surge is not over as yet, but their upside
will be seriously tested at recent highs.
Watch for the O&M sector closely...
It is going to be cautious holiday-shorten trading
week, and it will be smart to take some money out
of recent winners. This is not to time to play
show-hand but a time to observe the bargains among
the hard-beaten stocks, and to move in when a
sector's stocks are moving, like Plantation, O&M...
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
as profit-taking took centre-stage and sellings
can be seen in the blues and pennies.
Genting suffered the selling badly but it still
managed to hit a high of 2.17, that is 1 bid from
the major resistance level 2.18 It will have supporting
forces at 2.10 and 2.04
Last Friday, SSE crashed 5.2% and alll eyes will be
on whether the SSE will continue to slide down or
consolidate this week.
The plantation stocks have a great run lately but
to me their surge is not over as yet, but their upside
will be seriously tested at recent highs.
Watch for the O&M sector closely...
It is going to be cautious holiday-shorten trading
week, and it will be smart to take some money out
of recent winners. This is not to time to play
show-hand but a time to observe the bargains among
the hard-beaten stocks, and to move in when a
sector's stocks are moving, like Plantation, O&M...
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Friday, November 12, 2010
Market View 12 November 2010
Wall Street closed red as "U.S. stocks on
Thursday fell for a third session this week
as a disappointing forecast from Cisco Systems
Inc. weighed on the technology sector and as
global leaders tried to agree on a plan to keep
the recovery on track."
Dow fell 74 points, S&P 500 lost 5 points
and Nasdaq dropped 23 points.
Some readers asked in email and skype what
is O&M sector and stocks. My apology for using
short-form and I am referring to Offshore & Marine
sector and stocks. It will be likely to be the
next BIG trading idea with many stocks in this
sector like the big-cap Cosco, Ezra,YZJ, Sembmarine
and the mid-small caps like Ezion, Swiber, Mermaid,
Otto, CH Offshore etc.
Genting is still stuck with range and I do know
that many readers were wondering whether it will
continue to surge pass the recent high of 2.34
I can only say that I prefer it to test again the
support level before resuming its path.
Do you get my message?
As I was writing, the market opens and Genting
opened at 2.10 down 18cts...
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Thursday fell for a third session this week
as a disappointing forecast from Cisco Systems
Inc. weighed on the technology sector and as
global leaders tried to agree on a plan to keep
the recovery on track."
Dow fell 74 points, S&P 500 lost 5 points
and Nasdaq dropped 23 points.
Some readers asked in email and skype what
is O&M sector and stocks. My apology for using
short-form and I am referring to Offshore & Marine
sector and stocks. It will be likely to be the
next BIG trading idea with many stocks in this
sector like the big-cap Cosco, Ezra,YZJ, Sembmarine
and the mid-small caps like Ezion, Swiber, Mermaid,
Otto, CH Offshore etc.
Genting is still stuck with range and I do know
that many readers were wondering whether it will
continue to surge pass the recent high of 2.34
I can only say that I prefer it to test again the
support level before resuming its path.
Do you get my message?
As I was writing, the market opens and Genting
opened at 2.10 down 18cts...
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Thursday, November 11, 2010
Market View 11 November 2010
Wall Street managed to edged into the green
region as "Stocks advanced on Wednesday as
investors put the previous day's uncertainty aside
and snapped up some of the week's biggest losers
in renewed optimism the rally remains intact.
Banks, which lost 3 percent over the past two sessions,
rebounded. The S&P 500 Financials index gained 1.4
percent and was the best performer of the S&P 500's
top 10 sectors." Dow closed up 10 points, S&P 500
added 5 points and Nasdaq rose 16 points.
Many stocks suffered a profit-taking selldown yesterday
with Genting and a few of the plantation stocks dropping.
Some readers commented that I talk down Genting in
Skype which is so funny to me. I don't have the power
and ability to talk Genting down, it is purely market action
that is, the profit-taking that caused it to fall.
Is Genting's surge over for now?
This is a million dollar question that I wish I can answer
with confidence, but too bad I can't. Genting will have
strong support at yesterday day-low of 2.22 followed
by even stronger force at 2.18 Further upside will
be tested by yesterday day-high 2.34 I would prefer it
to test the low before any reversal in buying force.
First Resources continued to surge through the roof
but I believe the upside is limited now and it will
be vigorously tested at 1.51 and 1.56 It will be good
if it can cover the gap at 1.38-1.39 before any further
upside.
Market looks pretty weak at the moment and you
certainly can't discount further profit-taking selling.
It is not a time to take a strong stand but a good time
to evaluate the stock portfolio and look for potentials
to add into the watchlist. I am quite sure that the next
play will be on the O&M counters with interests spilling
to the Techs and Water sector.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
region as "Stocks advanced on Wednesday as
investors put the previous day's uncertainty aside
and snapped up some of the week's biggest losers
in renewed optimism the rally remains intact.
Banks, which lost 3 percent over the past two sessions,
rebounded. The S&P 500 Financials index gained 1.4
percent and was the best performer of the S&P 500's
top 10 sectors." Dow closed up 10 points, S&P 500
added 5 points and Nasdaq rose 16 points.
Many stocks suffered a profit-taking selldown yesterday
with Genting and a few of the plantation stocks dropping.
Some readers commented that I talk down Genting in
Skype which is so funny to me. I don't have the power
and ability to talk Genting down, it is purely market action
that is, the profit-taking that caused it to fall.
Is Genting's surge over for now?
This is a million dollar question that I wish I can answer
with confidence, but too bad I can't. Genting will have
strong support at yesterday day-low of 2.22 followed
by even stronger force at 2.18 Further upside will
be tested by yesterday day-high 2.34 I would prefer it
to test the low before any reversal in buying force.
First Resources continued to surge through the roof
but I believe the upside is limited now and it will
be vigorously tested at 1.51 and 1.56 It will be good
if it can cover the gap at 1.38-1.39 before any further
upside.
Market looks pretty weak at the moment and you
certainly can't discount further profit-taking selling.
It is not a time to take a strong stand but a good time
to evaluate the stock portfolio and look for potentials
to add into the watchlist. I am quite sure that the next
play will be on the O&M counters with interests spilling
to the Techs and Water sector.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Wednesday, November 10, 2010
Market View 10 November 2010
"Wall Street fell for a second day on Tuesday
as selling accelerated into the close, led by sharp
losses in bank and metal stocks."
Dow dropped 60 points, S&P 500 fell 10 points
and Nasdaq lost 17 points.
STI continued to surge higher despite falls in
regional market and it will be a challenge for
it to record further gain although it is at a
52-week high. Although the index is surging,
not all the stocks are enjoying the succulent fruits.
I received emails from readers asking me why the
stocks that they bought did not move while other
stocks move wildly. This is a very common
occurrence and have been discussed a few times.
If you are in a fair-unknown penny, then you
really need to wait for someone to uncover and
discover its potential before it has the chance to sparkle.
For myself, I stick to stocks that I know will surely
have liquidity and volatility everyday, by hood or by crook.
I also participate in rotational interest play like the
recent palm plantation stocks surge, and the returns
are rewarding. The O&M sector look very likely
the next in play and other potential sector like
the Techs and Water are in the pipeline too.
Some readers asked whether the plantation stocks
rally is over. From what I see from the chart, it is
definitely not over but the reward/risk level is
getting lower. It has been a 20-40% price surge by
some counters and profit-taking is always
likely be such a circumstance as I also
perform the same way. Golden will face resistance
at the recent high 78cts and 81cts and support
at 74cts. First Resources will first face 1.46 resistance
then 1.51 if the momentum continues. The remaining
2 small-cap Kencana and Global Palm will really
depending on what their bigger peer is performing,
although I noticed exceptional higher volume in
Global Palm last few days.
If you notice that I have not been commenting about
Genting lately, then you are absolutely right. I have not
trade this counter recently as the rewards is not that
impressive anymore. In any correction, this counter will
be the leader leading all the falls.It may surge higher
despite all the risks but I prefer to shift the focus to
other potential and rewarding stocks.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
as selling accelerated into the close, led by sharp
losses in bank and metal stocks."
Dow dropped 60 points, S&P 500 fell 10 points
and Nasdaq lost 17 points.
STI continued to surge higher despite falls in
regional market and it will be a challenge for
it to record further gain although it is at a
52-week high. Although the index is surging,
not all the stocks are enjoying the succulent fruits.
I received emails from readers asking me why the
stocks that they bought did not move while other
stocks move wildly. This is a very common
occurrence and have been discussed a few times.
If you are in a fair-unknown penny, then you
really need to wait for someone to uncover and
discover its potential before it has the chance to sparkle.
For myself, I stick to stocks that I know will surely
have liquidity and volatility everyday, by hood or by crook.
I also participate in rotational interest play like the
recent palm plantation stocks surge, and the returns
are rewarding. The O&M sector look very likely
the next in play and other potential sector like
the Techs and Water are in the pipeline too.
Some readers asked whether the plantation stocks
rally is over. From what I see from the chart, it is
definitely not over but the reward/risk level is
getting lower. It has been a 20-40% price surge by
some counters and profit-taking is always
likely be such a circumstance as I also
perform the same way. Golden will face resistance
at the recent high 78cts and 81cts and support
at 74cts. First Resources will first face 1.46 resistance
then 1.51 if the momentum continues. The remaining
2 small-cap Kencana and Global Palm will really
depending on what their bigger peer is performing,
although I noticed exceptional higher volume in
Global Palm last few days.
If you notice that I have not been commenting about
Genting lately, then you are absolutely right. I have not
trade this counter recently as the rewards is not that
impressive anymore. In any correction, this counter will
be the leader leading all the falls.It may surge higher
despite all the risks but I prefer to shift the focus to
other potential and rewarding stocks.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Tuesday, November 9, 2010
Market View 9 November 2010
"Wall Street retreated from a two-year high
on Monday, weighed down by financial stocks
and a stronger dollar." Dow lost 37 points,
S&P 500 lost 3 points while Nasdaq advanced
1 point.
STI surged high yesterday with the index closed
at 3300.40 up 60 points. I expect a catch-up from
the index after missing out on last Thursday and
Friday's rally from regional market, but the scale
of the rally still quite surprised me.
Anyway, putting the index aside, if you expect that
the pennies and mid-caps will all follow the STI
in the surge, then you are wrong.
I mentioned that only selected stocks will have
a run-up and indeed that was the case. The plantation
stocks ran wild, and we have Golden Agri at 78cts
up 8cts, First Resources gained 6cts, and even the
much smaller caps of Kencana and Global Palm also
enjoy the bits-and-pieces of the surge. Will they continue
to reap reward for their followers? Golden Agri will
face strong resistance at 81cts and will have support
at 74cts. First Resources will be capped at $1.45
and supported at $1.39 The remaining 2 small-caps
will follow their big brother up and down.
After a strong surge yesterday, it is looking like we
will have a decent consolidation today or this week
to flush out the weaker players and holders.
Expect profit-taking to surface and be prepared to
take profits along the way. In my previous blog entries,
I expect Golden Agri to hit my target of 74cts when it
was still in the 60s, and I took partial profits at that
price while saving the rest to see how high it can go.
It had been a good ride for me with Golden Agri
and the rest of the plantation stocks, but profit-taking
will only justify the real purpose of stock trading.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
P.S.: I received numerous emails and skype message on having
a conference group on Skype so that we can have a group
chat together. I am having a poll for this proposal to see the
responses from the readers then decide on the outcome.
on Monday, weighed down by financial stocks
and a stronger dollar." Dow lost 37 points,
S&P 500 lost 3 points while Nasdaq advanced
1 point.
STI surged high yesterday with the index closed
at 3300.40 up 60 points. I expect a catch-up from
the index after missing out on last Thursday and
Friday's rally from regional market, but the scale
of the rally still quite surprised me.
Anyway, putting the index aside, if you expect that
the pennies and mid-caps will all follow the STI
in the surge, then you are wrong.
I mentioned that only selected stocks will have
a run-up and indeed that was the case. The plantation
stocks ran wild, and we have Golden Agri at 78cts
up 8cts, First Resources gained 6cts, and even the
much smaller caps of Kencana and Global Palm also
enjoy the bits-and-pieces of the surge. Will they continue
to reap reward for their followers? Golden Agri will
face strong resistance at 81cts and will have support
at 74cts. First Resources will be capped at $1.45
and supported at $1.39 The remaining 2 small-caps
will follow their big brother up and down.
After a strong surge yesterday, it is looking like we
will have a decent consolidation today or this week
to flush out the weaker players and holders.
Expect profit-taking to surface and be prepared to
take profits along the way. In my previous blog entries,
I expect Golden Agri to hit my target of 74cts when it
was still in the 60s, and I took partial profits at that
price while saving the rest to see how high it can go.
It had been a good ride for me with Golden Agri
and the rest of the plantation stocks, but profit-taking
will only justify the real purpose of stock trading.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
P.S.: I received numerous emails and skype message on having
a conference group on Skype so that we can have a group
chat together. I am having a poll for this proposal to see the
responses from the readers then decide on the outcome.
Monday, November 8, 2010
Market View 8 November 2010
After a long-weekend holiday last week, we are
back to trading today on a strong back-wind
which should provide a rewarding and profitable
trading week.
You must have read about the news on the Fed's
600 Billion bond-buying plan and the positive US
job data last week, and wonder what is the impact
on out local market? Regional market and US
rallied on Thursday night and Friday while we
were on holiday, and it is expect that we will be
playing catch-up today. With so much liquidity in
the market, it will be good in the short-term as
all these $$ need to go to somewhere or maybe
even park at some good potential companies.
Expect to see selected stocks having a run-up, like
the plantation stocks and the punters/traders favourite
stocks like Genting.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
back to trading today on a strong back-wind
which should provide a rewarding and profitable
trading week.
You must have read about the news on the Fed's
600 Billion bond-buying plan and the positive US
job data last week, and wonder what is the impact
on out local market? Regional market and US
rallied on Thursday night and Friday while we
were on holiday, and it is expect that we will be
playing catch-up today. With so much liquidity in
the market, it will be good in the short-term as
all these $$ need to go to somewhere or maybe
even park at some good potential companies.
Expect to see selected stocks having a run-up, like
the plantation stocks and the punters/traders favourite
stocks like Genting.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Thursday, November 4, 2010
Market View 4 November 2010
Wall Street continued to climb as "U.S. stocks
ended a volatile session modestly higher on
Wednesday after the Federal Reserve detailed
a plan to breathe new life into the struggling economy.
Both the Dow and Nasdaq closed at levels not seen
since 2008 while the S&P ended at a six-month high.
The gains were preceded by an erratic session in which
equities zigzagged up and down as the Fed announced a
plan to buy $600 billion in Treasuries. The size of the plan
was greater than had been anticipated but less than many hoped."
Dow gained 26 points, S&P 500 advanced 4 points
and Nasdaq rose 7 points.
Am I concern that a correction or sell-off may appear soon?
Yes, but I am prepared for it and I will continue
to be ready for any change of market action with
buying in the stocks that I am familiar and higher
winning percentage.
The plantation stocks continued to surge and it was
a pretty good run and I do know that a handful of
readers benefited heavily from them.
First Resources will face resistance at 1.38 and with
good support at 1.30 Golden Agri, like what I told many
readers at Skype has a target of 74cts before staging
another run-up. Well supported at 68cts.
The much smaller Kencana and Global Palm were
also seeing actions in their stock price but they will
track and trace their big brother's movement at most.
Sound Global is having a break now but further
upside resistance will be tested at 91cts and
supported at 85cts. CWT is still looking fine for
a test of $1. MIT will be on a run if it break 1.11
with strength and it appears that this will be the case.
Lastly, Genting is still below the resistance 2.26 although
it may test it again with range bound play between
2.18-2.26 now.
Today is the last trading day of the week and
profit-taking is well expected although it will be
a much contained one.
To all the readers: Happy Deepavali and Enjoy the
long weekend holiday.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
ended a volatile session modestly higher on
Wednesday after the Federal Reserve detailed
a plan to breathe new life into the struggling economy.
Both the Dow and Nasdaq closed at levels not seen
since 2008 while the S&P ended at a six-month high.
The gains were preceded by an erratic session in which
equities zigzagged up and down as the Fed announced a
plan to buy $600 billion in Treasuries. The size of the plan
was greater than had been anticipated but less than many hoped."
Dow gained 26 points, S&P 500 advanced 4 points
and Nasdaq rose 7 points.
Am I concern that a correction or sell-off may appear soon?
Yes, but I am prepared for it and I will continue
to be ready for any change of market action with
buying in the stocks that I am familiar and higher
winning percentage.
The plantation stocks continued to surge and it was
a pretty good run and I do know that a handful of
readers benefited heavily from them.
First Resources will face resistance at 1.38 and with
good support at 1.30 Golden Agri, like what I told many
readers at Skype has a target of 74cts before staging
another run-up. Well supported at 68cts.
The much smaller Kencana and Global Palm were
also seeing actions in their stock price but they will
track and trace their big brother's movement at most.
Sound Global is having a break now but further
upside resistance will be tested at 91cts and
supported at 85cts. CWT is still looking fine for
a test of $1. MIT will be on a run if it break 1.11
with strength and it appears that this will be the case.
Lastly, Genting is still below the resistance 2.26 although
it may test it again with range bound play between
2.18-2.26 now.
Today is the last trading day of the week and
profit-taking is well expected although it will be
a much contained one.
To all the readers: Happy Deepavali and Enjoy the
long weekend holiday.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
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