Wall Street surged in overnight trade as "Earnings
from economic bellwethers 3M, UPS and Caterpillar
catapulted stocks on Thursday as investors shed some
of their fears about the strength of the recovery."
Dow surged 202 points, S&P 500 gained 24 points
and Nasdaq added 59 points. Look like we will have
see-saw trading sessions for the reporting reason.
Yesterday, STI rose 1%, but many pennies were
either unmoved or even ended in the red except for
the mid-caps. Cosco and YZJ did well yesterday
with Cosco surged 10cts to close at 1.61
It will face resistance at 1.63 and will support at
1.57 YZJ gained 4cts yesterday to close at 1.47
and will meet resistance soon at 1.50 and will be
supported at 1.43
Genting will continue to test the 1.22 resistance level
with 1.17 as the supporting hand. PEC and Sound Global
will move along its 81.5cts and 73.5cts support level.
A few readers asked me about Longcheer recently.
I have to say that it needs volume to come in before
any surge can appear, which I believe should be 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.
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 23, 2010
Thursday, July 22, 2010
Market View 22 July 2010
Wall Street fell off the cliff in the final 2 hours
of trading "as investors poured money into safe havens
such as bonds after Federal Reserve Chairman Ben
Bernanke said the U.S. economy faces "unusually uncertain"
prospects, adding to worries about the recovery."
All 3 major indexes fell more than 1%, Dow lost 109 points,
S&P 500 closed down 14 points and Nasdaq fell 35 points.
Another 120 points drop from the Dow and 70 points fall
from S&P 500 will plunge the indexes below the 10000 and
1000 strong psychological level. Will it happen?
I am crossing my fingers.
Last few days of trading was quite standard and boring
and I have to admit that I only done a few transactions
with the rest of the time spent on surfing the web
and reading some articles that I am supposed to read
weeks or months ago. I believe that such trend will
continue until I see a strong signal from Mr Market,
but it is ok as it is the "sitting" that makes money, and
not the rush trades.
Genting, as expected, hit 1.22 resistance and immediately
reverse gear and closed at 1.19 I know of readers who
simply followed what I said about Genting's support and
resistance and buy/see accordingly. This is not fool-proof
trading but as long as you stick to a cut-loss point, I have to
agree that it is quite profitable.
Stocks will definitely open weaker this morning and
are likely to continue throughout the day. Trading volume
has been on a declining path and it is a clear sign that
the stocks are in a resting period and waiting for the
next action. I will see how some stocks can reverse
toward the greens and act accordingly, but it will be
intra and contra trades.
I believe most readers would have read about the news
that SGX is thinking of removing the lunch break to
allow continuous trading in our local market. Personally,
I dislike the idea as normally I will take the 1.5 hours,
and I do sometimes took 2 hours break, to eat my lunch
slow and peacefully, run some errands here and there
and occasionally a forty winks. But, I believe that it is
a global trend now, and it will be put into practice by the
SGX soon, which is always the case when all these
rumours or "news" flow 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
of trading "as investors poured money into safe havens
such as bonds after Federal Reserve Chairman Ben
Bernanke said the U.S. economy faces "unusually uncertain"
prospects, adding to worries about the recovery."
All 3 major indexes fell more than 1%, Dow lost 109 points,
S&P 500 closed down 14 points and Nasdaq fell 35 points.
Another 120 points drop from the Dow and 70 points fall
from S&P 500 will plunge the indexes below the 10000 and
1000 strong psychological level. Will it happen?
I am crossing my fingers.
Last few days of trading was quite standard and boring
and I have to admit that I only done a few transactions
with the rest of the time spent on surfing the web
and reading some articles that I am supposed to read
weeks or months ago. I believe that such trend will
continue until I see a strong signal from Mr Market,
but it is ok as it is the "sitting" that makes money, and
not the rush trades.
Genting, as expected, hit 1.22 resistance and immediately
reverse gear and closed at 1.19 I know of readers who
simply followed what I said about Genting's support and
resistance and buy/see accordingly. This is not fool-proof
trading but as long as you stick to a cut-loss point, I have to
agree that it is quite profitable.
Stocks will definitely open weaker this morning and
are likely to continue throughout the day. Trading volume
has been on a declining path and it is a clear sign that
the stocks are in a resting period and waiting for the
next action. I will see how some stocks can reverse
toward the greens and act accordingly, but it will be
intra and contra trades.
I believe most readers would have read about the news
that SGX is thinking of removing the lunch break to
allow continuous trading in our local market. Personally,
I dislike the idea as normally I will take the 1.5 hours,
and I do sometimes took 2 hours break, to eat my lunch
slow and peacefully, run some errands here and there
and occasionally a forty winks. But, I believe that it is
a global trend now, and it will be put into practice by the
SGX soon, which is always the case when all these
rumours or "news" flow 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 21, 2010
Market View 21 July 2010
Wall Street ended in the green as the indexes
reversed from early losses as "U.S. stocks rose
for a second consecutive day on Tuesday, led by
gains in shares of Goldman Sachs and strength in
beaten-down homebuilders and raw materials companies."
Dow was down 147 points at 10008 at one stage but
rebounded to close up 76 points, S&P 500 added
12 points and Nasdaq gained 24 points.
"Stock could extend gains for a third straight day as
futures rose after Apple Inc reported results that
surpassed Wall Street's forecasts."
Yesterday, many stocks were up but you really
need to be selective to win money from Mr Market
in recent days. Genting is looking to re-test the
1.22 resistance again, and should it succeed, it may
face the next resistance at 1.27
My yesterday's view on a number of stocks is
still valid, and I am following them myself.
If you feel that my market view recently is too
simple and short, that is because I wasn't given
any good indications from Mr Market. Volume
has been dropping for a handful of Hot stocks and
I know that the imminent will come, but the
issue is When? Some of the stocks remain to be
trade-able, so I am taking the chance to squeeze
the last few drops of juice out of them. It is quite
risky to trade nowadays, as the margins are not
as profitable as before, but I am staying put.
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
reversed from early losses as "U.S. stocks rose
for a second consecutive day on Tuesday, led by
gains in shares of Goldman Sachs and strength in
beaten-down homebuilders and raw materials companies."
Dow was down 147 points at 10008 at one stage but
rebounded to close up 76 points, S&P 500 added
12 points and Nasdaq gained 24 points.
"Stock could extend gains for a third straight day as
futures rose after Apple Inc reported results that
surpassed Wall Street's forecasts."
Yesterday, many stocks were up but you really
need to be selective to win money from Mr Market
in recent days. Genting is looking to re-test the
1.22 resistance again, and should it succeed, it may
face the next resistance at 1.27
My yesterday's view on a number of stocks is
still valid, and I am following them myself.
If you feel that my market view recently is too
simple and short, that is because I wasn't given
any good indications from Mr Market. Volume
has been dropping for a handful of Hot stocks and
I know that the imminent will come, but the
issue is When? Some of the stocks remain to be
trade-able, so I am taking the chance to squeeze
the last few drops of juice out of them. It is quite
risky to trade nowadays, as the margins are not
as profitable as before, but I am staying put.
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 20, 2010
Market View 20 July 2010
Wall Street rebounded in overnight trade as "U.S.
stocks ended higher on Monday supported by strong
earnings but gains were limited by a drop in U.S. housing
data showing cracks in the recovery of the world's largest
economy." Dow up 57 points, S&P 500 added 6 points
and Nasdaq rose 19 points.
Yesterday most Hot stocks were in red except for a
few green leaves like Swiber. I believe that we will
also have a rebound play today but I will once again
stick to intra and contra trades and will clear out once
I sense blood in the air.
I will be focusing on the Hot stocks that I have mentioned
and in particular Genting (if it break the 1.22 resistance),
PEC (if it break the 81.5cts resistance), Sound Global
(Once it has stop moving along the 73.5cts level),
YZJ (heading toward the 1.50s), Longcheer (heading
toward the 52-week high 78cts). Looking at the pre-opening,
Sinotel seems like is brewing for something impressive
today, so I will look closely at it too.
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
stocks ended higher on Monday supported by strong
earnings but gains were limited by a drop in U.S. housing
data showing cracks in the recovery of the world's largest
economy." Dow up 57 points, S&P 500 added 6 points
and Nasdaq rose 19 points.
Yesterday most Hot stocks were in red except for a
few green leaves like Swiber. I believe that we will
also have a rebound play today but I will once again
stick to intra and contra trades and will clear out once
I sense blood in the air.
I will be focusing on the Hot stocks that I have mentioned
and in particular Genting (if it break the 1.22 resistance),
PEC (if it break the 81.5cts resistance), Sound Global
(Once it has stop moving along the 73.5cts level),
YZJ (heading toward the 1.50s), Longcheer (heading
toward the 52-week high 78cts). Looking at the pre-opening,
Sinotel seems like is brewing for something impressive
today, so I will look closely at it too.
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, July 19, 2010
Market View 19 July 2010
Just a short recap.
Wall Street closed deep in the red last Friday as
"Dismal consumer sentiment data and anemic revenues
from GE and two big banks slammed U.S. stocks on Friday,
driving down major indexes more than 2 percent.
The slide in the S&P 500 was a decisive break of an 8 percent
rise over the last two weeks as investors lost hope that strong
earnings could overcome doubts about the economic outlook."
Dow plunged 261 points or 2.52 percent, S&P 500 dropped
32 points or 2.88 percent and Nasdaq slid 70 points or 3.1
percent. Is this the beginning of a major fall? We shall see
how the market turn out in the next few days.
Obviously, the market and majority of the stocks are going
to open weak in the red, so is this a great shorting opportunity?
Frankly, I do shorting once in a while, but I don't today
is the day. On the contrary, I will be sitting on my
comfortable chair, watching the horror movie unveiled,
and waiting for green leaf or leaves to pop-up among the
reds in a pool of blood. Realistically, will any stock be
green today? I believe we will see some.
Recently, from what I understand, many retailers are still
on the sideline, and the major movement plays are done
by the BBs and the traders and a handful of daring and
willing retailers. If the stocks open deep in the red, then
I am very interested to grab hold of some goodies but I
doubt I will be seeing a Great Singapore Sales today.
As the day proceed, if there is no further deteriorating
of the US futures, then the market will have a steadier
closing. If not, then we will have a nasty and "beautiful"
closing to the liking of the traders.
Watch from the sideline if you want but when a green
pop-up, be prepare for the unexpected that more greens
may be in the pipeline.
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
Wall Street closed deep in the red last Friday as
"Dismal consumer sentiment data and anemic revenues
from GE and two big banks slammed U.S. stocks on Friday,
driving down major indexes more than 2 percent.
The slide in the S&P 500 was a decisive break of an 8 percent
rise over the last two weeks as investors lost hope that strong
earnings could overcome doubts about the economic outlook."
Dow plunged 261 points or 2.52 percent, S&P 500 dropped
32 points or 2.88 percent and Nasdaq slid 70 points or 3.1
percent. Is this the beginning of a major fall? We shall see
how the market turn out in the next few days.
Obviously, the market and majority of the stocks are going
to open weak in the red, so is this a great shorting opportunity?
Frankly, I do shorting once in a while, but I don't today
is the day. On the contrary, I will be sitting on my
comfortable chair, watching the horror movie unveiled,
and waiting for green leaf or leaves to pop-up among the
reds in a pool of blood. Realistically, will any stock be
green today? I believe we will see some.
Recently, from what I understand, many retailers are still
on the sideline, and the major movement plays are done
by the BBs and the traders and a handful of daring and
willing retailers. If the stocks open deep in the red, then
I am very interested to grab hold of some goodies but I
doubt I will be seeing a Great Singapore Sales today.
As the day proceed, if there is no further deteriorating
of the US futures, then the market will have a steadier
closing. If not, then we will have a nasty and "beautiful"
closing to the liking of the traders.
Watch from the sideline if you want but when a green
pop-up, be prepare for the unexpected that more greens
may be in the pipeline.
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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