There will be no Market View today as I am
preparing my stuffs for the vacation next week.
Market View will return on 6 May Thursday.
"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."
Nicolas Darvas Box Theory Trading Method
Investing Seminar
Timeless You
Friday, April 23, 2010
Thursday, April 22, 2010
Market View 22 April 2010 - Earth Day
Wall Street closed mixed as disappointing outlooks
from healthcare companies offset strong earnings from
Morgan Stanley and Apple Inc. Dow added 8 points,
Nasdaq gained 4 points while S&P 500 dropped
1 points. Volatile sessions ahead as "U.S. President
Barack Obama is scheduled to visit New York and
expected to urge Wall Street to get behind financial
regulatory reform."
Yes, it was quite a boring session yesterday as my trailing
stops were hit in a couple of stocks, but that is OK with
me as the profits was rewarding for these few days of "work".
Now is back to the "sitting" part, which is the most important
aspect of trading, if you know what I meant.
Will Cosco & YZJ be up again?
I am not sure now, but I certainly hope that they are
just taking a short break, and will resume their surges again.
Their peers in the sector are also worth a look as the
rotational play spills over to them. Did you see the surge
by Mermaid yesterday? Look like we will see many more
sector stocks doing the same feat.
Some members asked me why there is no comment on
Genting last few days. Because there isn't much to say about
it. I mentioned that its support level is at 86.5cts, so guess what
is the lowest point it reached before closing a bid up at 87cts.
Should 86.5cts be breached, the next support is at 81-82cts level
which will trigger a buying frenzy by the strong hands.
I am interested at that level too, but let see how it perform now.
Maybe it will move up from now, and head toward the 92cts
resistance again?
Many stocks need a good rest after a wonderful surge, but
they should still perform till June. After that, I will do an
in-depth evaluation of the market. At the moment, I am
pretty bearish about the 2nd half of the year. I would like
to be proven wrong, but at least that is how I look at the
market now.
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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
from healthcare companies offset strong earnings from
Morgan Stanley and Apple Inc. Dow added 8 points,
Nasdaq gained 4 points while S&P 500 dropped
1 points. Volatile sessions ahead as "U.S. President
Barack Obama is scheduled to visit New York and
expected to urge Wall Street to get behind financial
regulatory reform."
Yes, it was quite a boring session yesterday as my trailing
stops were hit in a couple of stocks, but that is OK with
me as the profits was rewarding for these few days of "work".
Now is back to the "sitting" part, which is the most important
aspect of trading, if you know what I meant.
Will Cosco & YZJ be up again?
I am not sure now, but I certainly hope that they are
just taking a short break, and will resume their surges again.
Their peers in the sector are also worth a look as the
rotational play spills over to them. Did you see the surge
by Mermaid yesterday? Look like we will see many more
sector stocks doing the same feat.
Some members asked me why there is no comment on
Genting last few days. Because there isn't much to say about
it. I mentioned that its support level is at 86.5cts, so guess what
is the lowest point it reached before closing a bid up at 87cts.
Should 86.5cts be breached, the next support is at 81-82cts level
which will trigger a buying frenzy by the strong hands.
I am interested at that level too, but let see how it perform now.
Maybe it will move up from now, and head toward the 92cts
resistance again?
Many stocks need a good rest after a wonderful surge, but
they should still perform till June. After that, I will do an
in-depth evaluation of the market. At the moment, I am
pretty bearish about the 2nd half of the year. I would like
to be proven wrong, but at least that is how I look at the
market now.
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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Wednesday, April 21, 2010
Market View 21 April 2010
Wall Street is once again back in the greens "as oil
prices lifted energy shares and investors were upbeat
about the overall profits recovery, even as some
high-profile results fell short of lofty expectations."
Dow gained 25 points, S&P added 10 points and
Nasdaq surged up 20 points. It is going to be same
volatile sessions for the next few trading days and weeks.
It has been a really good ride with several shipping counters
like Cosco and YZJ, and lately with CAO, although I was
hoping that my positions can be bigger. Greed and Greed again....
Nevertheless, I told some members last few days that
if the stock is not losing momentum then just keep holding
them as it surge through the roof. Yes, you can take profits
along the way, but do not take all profits too soon.
Many retailers like to take quick profits and cut their losses
too late which should be the opposite situation.
I am still sticking with the winners, but I will clear them out
by Friday, as I am on vacation next week.
Nothing much more to say but keep a trailing stop and
enjoy the ride without fear.
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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
prices lifted energy shares and investors were upbeat
about the overall profits recovery, even as some
high-profile results fell short of lofty expectations."
Dow gained 25 points, S&P added 10 points and
Nasdaq surged up 20 points. It is going to be same
volatile sessions for the next few trading days and weeks.
It has been a really good ride with several shipping counters
like Cosco and YZJ, and lately with CAO, although I was
hoping that my positions can be bigger. Greed and Greed again....
Nevertheless, I told some members last few days that
if the stock is not losing momentum then just keep holding
them as it surge through the roof. Yes, you can take profits
along the way, but do not take all profits too soon.
Many retailers like to take quick profits and cut their losses
too late which should be the opposite situation.
I am still sticking with the winners, but I will clear them out
by Friday, as I am on vacation next week.
Nothing much more to say but keep a trailing stop and
enjoy the ride without fear.
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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Tuesday, April 20, 2010
Market View 20 April 2010
It is so interesting what is happening now in US.
The 3 major indexes closed mixed as "U.S. stocks
rebounded on Monday after investors reassessed the
potential fallout from the fraud charges against Goldman
Sachs while the dollar rose on safe-haven demand spurred
by delayed Greece debt talks." Dow rebounced up 73 points,
S&P 500 up 5 points while Nasdaq dropped 1 point.
The market is going to be volatile in the next few sessions
as the news are absorbed and assessed. My personal view
is that we still will see the index being selldown, just an excuse
for profit-taking, but the market will still stay up till June.
Back to our local market...
STI fell 46 points yesterday but there are still multiple green winners
in the Top Volume, so did you benefit from them?
YZJ & Cosco were the big winners yesterday, and I even see
the former darling, CAO coming to life.
Market will still be unexpected today, so as usual, stick to the
winners is the best strategy right now. Stocks will definitely
rebound today, but to what extent, and will it last through the
whole trading day. I have my doubts, so I just stick to good
old winners.
Stick to the marine, offshore, commodities and techs.
Look at my previous blogs for the stocks worth looking-at.
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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
The 3 major indexes closed mixed as "U.S. stocks
rebounded on Monday after investors reassessed the
potential fallout from the fraud charges against Goldman
Sachs while the dollar rose on safe-haven demand spurred
by delayed Greece debt talks." Dow rebounced up 73 points,
S&P 500 up 5 points while Nasdaq dropped 1 point.
The market is going to be volatile in the next few sessions
as the news are absorbed and assessed. My personal view
is that we still will see the index being selldown, just an excuse
for profit-taking, but the market will still stay up till June.
Back to our local market...
STI fell 46 points yesterday but there are still multiple green winners
in the Top Volume, so did you benefit from them?
YZJ & Cosco were the big winners yesterday, and I even see
the former darling, CAO coming to life.
Market will still be unexpected today, so as usual, stick to the
winners is the best strategy right now. Stocks will definitely
rebound today, but to what extent, and will it last through the
whole trading day. I have my doubts, so I just stick to good
old winners.
Stick to the marine, offshore, commodities and techs.
Look at my previous blogs for the stocks worth looking-at.
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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Monday, April 19, 2010
Market View 19 April 2010
Ok, if you have not been hiding in a cave for the
last few days, you will know that "U.S. securities regulators
charged Goldman Sachs Group Inc with fraud in the
structuring and marketing of a debt product tied to
subprime mortgages." This is going to trigger a event-driven
selldown and correction to the market, but I don't
think it will have a great impact to the market as a whole.
I expected the Dow to hit a major speed bump at strong
resistance 11100 points, and it only managed to get to a
high of 11189 and get push down hard. You may think
that it is a coincidence, well, think again. This market is
still going to recover from this correction to move up again
at least till the first-half of the year, and I am certainly bearish
bias for the second-half which I have been stating so for quite
some time. I certainly hope that I am wrong, but the imminent
sign is there yet again...
It will be perfectly normal to open weaker for our local
market today, but I don't foresee an entire pool of reds
all around. After the initial selldown, we may even see
bits of greens popping up, and that is when I take action.
Several members asked me before as to why did I not
take action when I see market weakness, but only take
action when it is at certain price or reverse back with
momentum behind it. I have to conclude that they are
not TA-trained and have not seen enough of Mr Market's
habits. I can't comment much more as this method
is how I deal and wrestle with Mr Market. :-)
I will watch the market for the greens and joining the action
with light positions. Stick to the recent winners: Offshore Marine
& Tech 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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
last few days, you will know that "U.S. securities regulators
charged Goldman Sachs Group Inc with fraud in the
structuring and marketing of a debt product tied to
subprime mortgages." This is going to trigger a event-driven
selldown and correction to the market, but I don't
think it will have a great impact to the market as a whole.
I expected the Dow to hit a major speed bump at strong
resistance 11100 points, and it only managed to get to a
high of 11189 and get push down hard. You may think
that it is a coincidence, well, think again. This market is
still going to recover from this correction to move up again
at least till the first-half of the year, and I am certainly bearish
bias for the second-half which I have been stating so for quite
some time. I certainly hope that I am wrong, but the imminent
sign is there yet again...
It will be perfectly normal to open weaker for our local
market today, but I don't foresee an entire pool of reds
all around. After the initial selldown, we may even see
bits of greens popping up, and that is when I take action.
Several members asked me before as to why did I not
take action when I see market weakness, but only take
action when it is at certain price or reverse back with
momentum behind it. I have to conclude that they are
not TA-trained and have not seen enough of Mr Market's
habits. I can't comment much more as this method
is how I deal and wrestle with Mr Market. :-)
I will watch the market for the greens and joining the action
with light positions. Stick to the recent winners: Offshore Marine
& Tech 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.
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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