Wall Street ended in the red again but reversed
well from the day-low as "U.S. stocks fell on
Thursday as manufacturing and labor market data
heightened fears of a double-dip recession before
Friday's key employment report. Major indexes were
lower for a fourth straight day after suffering their
worst quarter since late 2008, but losses eased near
the end of the session." Dow reversed from as low
as -153 to close down 41 points, S&P 500 fell 3 points
and Nasdaq lost 8 points.
I received quite a handful of emails and skype messages
after I posted at the blog yesterday. The main concern
is when will the market correction or selldown happen?
Ok, I have checked about this issue with Mr Market, and he
told me that he also don't know?! Basically, the major action
will come when you least expected it, but it will come.
I can only say that I have expressed my bearish view about
the 2nd half of the years many months ago, and I still maintain
the same view. Frankly, I am quite delighted to have such
a big-scale selling, and I hope that you will feel the same,
as the stocks will be having a belated "Great Singapore Sales".
My negative view maybe negated if I can see a major uplift
in worldwide market, but for the time being, I don't see it yet.
One close skype associate commented that will the
selling cause stocks like Noble and Olam to go below $1
again? I will be very crazy if I say that I don't wish for
such a great bargains, but it is not likely to happen any time soon.
If Noble and Olam is below $1, then the rest of many pennies
will be well below 50cts. Haha... But Genting, Cosco, Broadway
and YZJ will be the victim when the selling occurs.
Seriously speaking, if you ask me what can I trade at the
market this days, I will have very few options for you.
A skype reader asked me about buying some stocks at the
support level, and I replied a "yes" followed with a "cut-loss"
behind. Many stocks are trading at the tight range in the view
of breaking at either side. For Genting, it is likely to meet strong
resistance at 1.22, if it can ever reach there, or else it may fall
back to the 1.11 support level.
One reader asked about Global Palm that I mentioned some sessions
ago. Ok, don't need to see this stock now until it reaches 37cts again.
Sound Global will move along the 73.5cts support/resistance level.
I will be cautious today and wait for any stock upward movements,
but it is likely to be an intra-day trade. Or I may just take a early
break, and prepare for tonight's Crash of the Titan between the
the Orange Army and the Samba.
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
Nicolas Darvas Box Theory Trading Method
Investing Seminar
Timeless You
Friday, July 2, 2010
Thursday, July 1, 2010
Market View 1 July 2010
It is another day of late sell-off in Wall Street as
"U.S. stocks staggered to the end of a dismal second
quarter on Wednesday in another low volume session
as investors found little reason to take on risk after
conflicting economic data". Investor "sold underperforming
stocks in the worst quarter since the market meltdown
triggered by the collapse of Lehman Brothers."
Dow lost 96 points, S&P 500 dropped 10 points and
Nasdaq fell 26 points.
It is a dismal scene in the US but over here, it seems that
the sun is still shinning brightly. STI recovered from as low
as -60 points to close up 5 points, which is a 65 points
reversal. Will it last? My answer is almost a definite NO.
I believe that we will see a major selldown correction pretty
soon and I am glad to have such scale that most stocks will
be back to bargain-hunting level.
Many winner stocks reversed from early losses and closed
at the high or near-high, and I believe that some readers
should have benefited from the rebound play that I mentioned yesterday,
but the music got to stop somehow, and now the issue is who
will be the last one standing and holding the baby?
You can say that I am quite bearish about the 2nd half of the year
as I have already been so since the beginning of the year and
have highlighted numerous time in my blog months ago.
If I am not wrong, the selldown correction will be swift and
deadly, and without any indication from Mr Market (as always),
but don't worry, you will have a few months to collect the bargains
as the market will likely bottom in October or November.
Take note that the above are purely my personal view and it
may or may not materialise, but I am pretty sure we will see a
reasonably scale selldown, and I am waiting eagerly for it to happen
with both hands. :-)
Today is the 1st trading day of the Q3, and we will have a
weak opening, but sticking with the greens and having a
ready cut-loss and trailing stop will be essential.
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
"U.S. stocks staggered to the end of a dismal second
quarter on Wednesday in another low volume session
as investors found little reason to take on risk after
conflicting economic data". Investor "sold underperforming
stocks in the worst quarter since the market meltdown
triggered by the collapse of Lehman Brothers."
Dow lost 96 points, S&P 500 dropped 10 points and
Nasdaq fell 26 points.
It is a dismal scene in the US but over here, it seems that
the sun is still shinning brightly. STI recovered from as low
as -60 points to close up 5 points, which is a 65 points
reversal. Will it last? My answer is almost a definite NO.
I believe that we will see a major selldown correction pretty
soon and I am glad to have such scale that most stocks will
be back to bargain-hunting level.
Many winner stocks reversed from early losses and closed
at the high or near-high, and I believe that some readers
should have benefited from the rebound play that I mentioned yesterday,
but the music got to stop somehow, and now the issue is who
will be the last one standing and holding the baby?
You can say that I am quite bearish about the 2nd half of the year
as I have already been so since the beginning of the year and
have highlighted numerous time in my blog months ago.
If I am not wrong, the selldown correction will be swift and
deadly, and without any indication from Mr Market (as always),
but don't worry, you will have a few months to collect the bargains
as the market will likely bottom in October or November.
Take note that the above are purely my personal view and it
may or may not materialise, but I am pretty sure we will see a
reasonably scale selldown, and I am waiting eagerly for it to happen
with both hands. :-)
Today is the 1st trading day of the Q3, and we will have a
weak opening, but sticking with the greens and having a
ready cut-loss and trailing stop will be essential.
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, June 30, 2010
Market View 30 June 2010
Wall Street tumbled in overnight trade as "Investors
fled the U.S. stock market on Tuesday and the
S&P 500 tumbled to its lowest level in eight months
in a sell-off triggered by a wave of increasing alarm
over the global economic outlook." Dow dropped
268 points or 2.7%, S&P 500 lost 33 points or 3.1%
and Nasdaq fell 85 points or 3.9%. Anyway, all this
"official" reports just got to blame the fall on something.
Yesterday most pennies were in the red, except for a
few in-the-news stocks like PEC & Sound Global.
I mentioned that I am turning cautious because most
stocks were trading at tight range and it just got to break
at either side of the range. Indeed, look like the lower range
will be broken. It is like 逆水行舟， 不进则退.
Stocks will open lower and weaker and I certainly hope that
the selloff can be fast and furious, as that will make the stocks
attractive for a rebound play. Take note that I am still pretty
cautious about the market and you will notice that from my blogs
last week and yesterday. Now is not the time to be gung ho, but
you can still make money from intra and contra rebound trades.
As usual, lookout for the greens among the pool of reds if
you want to trade. I am waiting for a good reasonable selling
from the retailers or the BBs. Come on, sell all you want....
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
fled the U.S. stock market on Tuesday and the
S&P 500 tumbled to its lowest level in eight months
in a sell-off triggered by a wave of increasing alarm
over the global economic outlook." Dow dropped
268 points or 2.7%, S&P 500 lost 33 points or 3.1%
and Nasdaq fell 85 points or 3.9%. Anyway, all this
"official" reports just got to blame the fall on something.
Yesterday most pennies were in the red, except for a
few in-the-news stocks like PEC & Sound Global.
I mentioned that I am turning cautious because most
stocks were trading at tight range and it just got to break
at either side of the range. Indeed, look like the lower range
will be broken. It is like 逆水行舟， 不进则退.
Stocks will open lower and weaker and I certainly hope that
the selloff can be fast and furious, as that will make the stocks
attractive for a rebound play. Take note that I am still pretty
cautious about the market and you will notice that from my blogs
last week and yesterday. Now is not the time to be gung ho, but
you can still make money from intra and contra rebound trades.
As usual, lookout for the greens among the pool of reds if
you want to trade. I am waiting for a good reasonable selling
from the retailers or the BBs. Come on, sell all you want....
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, June 29, 2010
Market View 29 June 2010
Wall Street ended slightly in the red as "U.S. stocks
ended slightly lower on Monday as gains in consumer-related
stocks, including tobacco shares, were offset by losses in
the energy sector." Dow lost 5 points, S&P 500 dropped
2 points and Nasdaq down 3 points.
Yesterday market superstar should be Sound Global,
except that it was leading the losers. If you want to know the
"official" reason of the fall, then please read up the announcements
in SGX. Will it go back to the 90cts and even $1 again?
Your guess is my guess, but my view is that it will once
again be the darling of the traders when the selling is over.
Recently, the winner stocks have been trading in a
tight range, and I am turning cautious too. I am pretty
Ok with the market situation now and just sit and wait
for the next breakout on either side of the range.
Not many stocks is worth a close look now, but I am
particularly interested in YZJ, Broadway, Cosco,
Sound Global and Mermaid. Why no Genting?
Because its trading range is still intact.
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
ended slightly lower on Monday as gains in consumer-related
stocks, including tobacco shares, were offset by losses in
the energy sector." Dow lost 5 points, S&P 500 dropped
2 points and Nasdaq down 3 points.
Yesterday market superstar should be Sound Global,
except that it was leading the losers. If you want to know the
"official" reason of the fall, then please read up the announcements
in SGX. Will it go back to the 90cts and even $1 again?
Your guess is my guess, but my view is that it will once
again be the darling of the traders when the selling is over.
Recently, the winner stocks have been trading in a
tight range, and I am turning cautious too. I am pretty
Ok with the market situation now and just sit and wait
for the next breakout on either side of the range.
Not many stocks is worth a close look now, but I am
particularly interested in YZJ, Broadway, Cosco,
Sound Global and Mermaid. Why no Genting?
Because its trading range is still intact.
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, June 28, 2010
Why there is no Market View today?
I tried posting the Market View this morning, but somehow
I can't despite posting numerous time due to technical issues
from Blogger. Since the market have already started, I will
not post any Market View today in case of comments stating
that I am just copying what is happening to the market right now.
The Market View will definitely resume tomorrow....
I can't despite posting numerous time due to technical issues
from Blogger. Since the market have already started, I will
not post any Market View today in case of comments stating
that I am just copying what is happening to the market right now.
The Market View will definitely resume tomorrow....
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