Wall Street closed unchanged "on Thursday,
recouping losses late in the day, led by a sudden
turnaround in Goldman Sachs and BP. Dow was
down 126 points at a stage but recovered to closed
down 7 points. S&P 500 up 1 points while Nasdaq
dropped 0.76 points.
Yesterday, most stocks took a break and price
retraced after recent surge, but Longcheer which
I mentioned yesterday buck the general market
trend and race forward, although it closed in a
unfavourable fashion.
I see that the stocks are going to be range-bound
today again, and given it is Friday, we may not
see as much actions. PEC will test the 81.5cts
level again, and Genting will try for the 1.22
resistance.......
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 16, 2010
Thursday, July 15, 2010
Market View 15 July 2010
Wall Street ended mixed but Dow continue to
rise for a 7 consecutive days while S&P 500
snapped a 6-day run to close marginally down.
" U.S. stocks broke a six-day winning streak on
Wednesday, with the S&P 500 ending a hair lower
after the Federal Reserve suggested additional
measures may be needed to combat a weakening
economy." Dow reversed from day-low to close
up 3.7 points, Nasdaq gained 8 points while S&P 500
down 0.17 points.
If you were watching the market yesterday, you will
noticed that the market went into a frenzy in the last
1.5 hours and many stocks run wild and high.
Stocks like Sound Global, Broadway "suddenly" become
hyper-active and it was great that I did not take my
eye of the screen or took a early break from the market.
Stocks will open slightly weaker today but I see that
we will still have some greens popping up. PEC crossed
the 81.5cts resistance yesterday with volume and
momentum, and it will be "fun" to watch whether it will
continue its run. The next resistance stands at 86.5cts
and the recent 81.5cts resistance will turn into a
supporting level.
I mentioned Longcheer in the blog days ago but since
then the stock is in a resting period until yesterday late
afternoon. It should make a charge for the recent
52-week high of 78cts but the 73cts support need
to stand. A few readers asked me about Global Palm
yesterday which also moved in late afternoon. It seems
that a handful of readers have since my recommendation
put it into their watchlist and noticed its surge yesterday.
I can only say that although it break the immediate resistance
34cts yesterday but I will only be interested when it
hit or break 37cts. The rest of the stocks as mentioned
yesterday are still in the trading range and I will be
interested when either side is taken out.
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
rise for a 7 consecutive days while S&P 500
snapped a 6-day run to close marginally down.
" U.S. stocks broke a six-day winning streak on
Wednesday, with the S&P 500 ending a hair lower
after the Federal Reserve suggested additional
measures may be needed to combat a weakening
economy." Dow reversed from day-low to close
up 3.7 points, Nasdaq gained 8 points while S&P 500
down 0.17 points.
If you were watching the market yesterday, you will
noticed that the market went into a frenzy in the last
1.5 hours and many stocks run wild and high.
Stocks like Sound Global, Broadway "suddenly" become
hyper-active and it was great that I did not take my
eye of the screen or took a early break from the market.
Stocks will open slightly weaker today but I see that
we will still have some greens popping up. PEC crossed
the 81.5cts resistance yesterday with volume and
momentum, and it will be "fun" to watch whether it will
continue its run. The next resistance stands at 86.5cts
and the recent 81.5cts resistance will turn into a
supporting level.
I mentioned Longcheer in the blog days ago but since
then the stock is in a resting period until yesterday late
afternoon. It should make a charge for the recent
52-week high of 78cts but the 73cts support need
to stand. A few readers asked me about Global Palm
yesterday which also moved in late afternoon. It seems
that a handful of readers have since my recommendation
put it into their watchlist and noticed its surge yesterday.
I can only say that although it break the immediate resistance
34cts yesterday but I will only be interested when it
hit or break 37cts. The rest of the stocks as mentioned
yesterday are still in the trading range and I will be
interested when either side is taken out.
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, July 14, 2010
Market View 14 July 2010
Wall Street is up for 6 consecutive days "after Alcoa's
quarterly results heartened investors that had fled to the
sidelines on jitters about the sustainability of the economic
recovery. Markets looked set to get another earnings-driven
boost Wednesday after Intel Corp reported results that beat
expectations after the market closed. The chipmaker also
gave a stronger-than-expected sales forecast."
Dow surged 147 points, S&P 500 added 17 points
and Nasdaq rose 44 points.
Last few trading sessions had been quite a standard
chore for me, and maybe also for some readers.
Many stocks are stuck in the trading range and are
capped by the resistance level that I have given.
Genting still cannot break above 1.22 yet, Sound Global
will be supported at 73.5cts and like what I said,
will move along it.The rest of the stocks' opinion
is in yesterday's blog and the stocks are likely to be capped
even for today and maybe this week.
I noticed 2 stocks, a C and S stocks that are under
accumulation stage, and the chart is pointing to a
good decent breakout soon. I will keep watch at it
for the time being and hope that the formation is turning
out fine, and we will have a good time with its surge.
No point guessing what the stock is, and it is not
those stocks that I already watching like CSE, CWT,
Sinotel, Swiber. It will be revealed in due time only when
the breakout is imminent and the market condition is
behind 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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
quarterly results heartened investors that had fled to the
sidelines on jitters about the sustainability of the economic
recovery. Markets looked set to get another earnings-driven
boost Wednesday after Intel Corp reported results that beat
expectations after the market closed. The chipmaker also
gave a stronger-than-expected sales forecast."
Dow surged 147 points, S&P 500 added 17 points
and Nasdaq rose 44 points.
Last few trading sessions had been quite a standard
chore for me, and maybe also for some readers.
Many stocks are stuck in the trading range and are
capped by the resistance level that I have given.
Genting still cannot break above 1.22 yet, Sound Global
will be supported at 73.5cts and like what I said,
will move along it.The rest of the stocks' opinion
is in yesterday's blog and the stocks are likely to be capped
even for today and maybe this week.
I noticed 2 stocks, a C and S stocks that are under
accumulation stage, and the chart is pointing to a
good decent breakout soon. I will keep watch at it
for the time being and hope that the formation is turning
out fine, and we will have a good time with its surge.
No point guessing what the stock is, and it is not
those stocks that I already watching like CSE, CWT,
Sinotel, Swiber. It will be revealed in due time only when
the breakout is imminent and the market condition is
behind 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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Tuesday, July 13, 2010
Market View 13 July 2010
I have to admit that I missed posting yesterday's market
view because I overslept after watching the World Cup
final. Sorry for any inconvenience caused. I then took the
day off to head to town to do some shopping and see-look
around as I believe it will be a quiet scene after all the
excitement die-off. It is good to see that I did not miss
much market action yesterday as the stocks hardly moved.
=============================================
Wall Street ended in the green prior to the
beginning of the reporting season. Dow gained
18 points, S&P 500 added 0.79 point and Nasdaq
up 1.9 points. "Volume was among the lightest of the
year with investors wanting to see if corporate outlooks
validate last week's surge, the strongest week in a year.
Earnings are "going to be the test to the durability of the
bounce that started last week."
For today, I will give the support and resistance level
of some hot stocks, and hope that the readers will
benefited from it.
I believe most readers are interested in Genting but
my view on it is the same as last week as it is still
trading in a tight range. Resistance will be seen at
1.22 and support is at 1.15
Cosco will meet resistance at 1.58 and is supported
at 1.50
Sound Global like what I said will move along 73.5cts
and it has been proven the case for the last few sessions.
Resistance is at 77.5cts YZJ will likely be capped at 1.47
with support at 1.39 PEC's resistance is the same at 81.5cts
and supported at 77cts
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
view because I overslept after watching the World Cup
final. Sorry for any inconvenience caused. I then took the
day off to head to town to do some shopping and see-look
around as I believe it will be a quiet scene after all the
excitement die-off. It is good to see that I did not miss
much market action yesterday as the stocks hardly moved.
=============================================
Wall Street ended in the green prior to the
beginning of the reporting season. Dow gained
18 points, S&P 500 added 0.79 point and Nasdaq
up 1.9 points. "Volume was among the lightest of the
year with investors wanting to see if corporate outlooks
validate last week's surge, the strongest week in a year.
Earnings are "going to be the test to the durability of the
bounce that started last week."
For today, I will give the support and resistance level
of some hot stocks, and hope that the readers will
benefited from it.
I believe most readers are interested in Genting but
my view on it is the same as last week as it is still
trading in a tight range. Resistance will be seen at
1.22 and support is at 1.15
Cosco will meet resistance at 1.58 and is supported
at 1.50
Sound Global like what I said will move along 73.5cts
and it has been proven the case for the last few sessions.
Resistance is at 77.5cts YZJ will likely be capped at 1.47
with support at 1.39 PEC's resistance is the same at 81.5cts
and supported at 77cts
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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