Wall Street closed in the red as "U.S. stocks
sagged in volatile trading on Thursday after
weak outlooks from technology companies and
downbeat comments from a Federal Reserve
official gave investors little reason to buy."
Dow fell 31 points, S&P 500 dropped 5 points
and Nasdaq gave up 13 points.
STI closed on a day-high at 2997.65 up 12 points,
only 3 little points away from the important pyschological
level of 3000 points. Are we heading pass it and
moving higher?
My personal view is that I am still pretty bearish
about 2nd half of 2010 which have just past one
month, but for the time being, I have to just follow
Mr Market in its action and moves. There are still
plenty of rotational interest in the stocks being played
up, and you can see that there are always fresh and
relatively unknown micro-pennies in the Top Volume.
This is not a healthy sign and I saw many pump-and-dump
trades on a number of stocks and the trend will continues
until the music stops and we will see who is the
last one holding the baby.
I believe most readers should have benefited from
the Sound Global surge which I mentioned days ago
as seen in the comment and from the skype conversation
with some readers. Some have already taken profits
while I know of some who are still holding on to
the winner stocks. Just keep a trailing stop and you are
safe. How high will it go? It will have good support at
81.5cts and the upside is likely capped at 86cts.
I will clear out most of the contra trades today unless
for positions who are deep in the money.
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 30, 2010
Thursday, July 29, 2010
Market View 29 July 2010
Wall Street fell in overnight session as "U.S. stocks
fell on Wednesday after weak durable goods figures
and a downbeat assessment of the economy from the
Fed's Beige Book kept the benchmark S&P 500
trapped below its 200-day moving average."
Dow fell 40 points, S&P 500 down 8 points and
Nasdaq gave up 24 points.
In Tuesday's blog, I stated that "I believe Sound Global
will be lively and active very very soon, and the 80s
is coming..." after I saw a good chart formation in the
chart on Monday night. Right on the dot, it started to surge
and yesterday it hit a day-high of 80cts thus fulfilling the
'80' that I stated but what about the 's'? Is there any more
further upside in this surge.
Frankly, when I saw the chart
few days ago, I believe that the move will push it pass the
80cts mark, and I maintain my view. But, if Mr Market had
already played all his cards, then Sound Global may take a
breather and the current surge is over. If it fall below 77.5cts
support level, then its fate maybe the same as PEC and
the surge is temporary over. It will face resistance at 81.5cts
on the upside.
As expected, Genting hit a day-high of 1.27 yesterday early
morning and move into reverse gear and closed at 1.26
It will test again at 1.27 and should it breach the resistance
it will likely be stopped at 1.33 resistance and 1.22 at the
support level. A few readers asked me about CSE Global
in skype yesterday. I believe that its surge is not over,
but it will face resistance at 96.5cts and should it surge
over, it will charge pass $1 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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
fell on Wednesday after weak durable goods figures
and a downbeat assessment of the economy from the
Fed's Beige Book kept the benchmark S&P 500
trapped below its 200-day moving average."
Dow fell 40 points, S&P 500 down 8 points and
Nasdaq gave up 24 points.
In Tuesday's blog, I stated that "I believe Sound Global
will be lively and active very very soon, and the 80s
is coming..." after I saw a good chart formation in the
chart on Monday night. Right on the dot, it started to surge
and yesterday it hit a day-high of 80cts thus fulfilling the
'80' that I stated but what about the 's'? Is there any more
further upside in this surge.
Frankly, when I saw the chart
few days ago, I believe that the move will push it pass the
80cts mark, and I maintain my view. But, if Mr Market had
already played all his cards, then Sound Global may take a
breather and the current surge is over. If it fall below 77.5cts
support level, then its fate maybe the same as PEC and
the surge is temporary over. It will face resistance at 81.5cts
on the upside.
As expected, Genting hit a day-high of 1.27 yesterday early
morning and move into reverse gear and closed at 1.26
It will test again at 1.27 and should it breach the resistance
it will likely be stopped at 1.33 resistance and 1.22 at the
support level. A few readers asked me about CSE Global
in skype yesterday. I believe that its surge is not over,
but it will face resistance at 96.5cts and should it surge
over, it will charge pass $1 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.
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Wednesday, July 28, 2010
Market View 28 July 2010
Wall Street ended mixed in overnight session as
"The S&P snapped a three-day winning streak on
Tuesday after mixed earnings reports and a fall in
consumer confidence, but analysts said U.S. stocks
were taking a breather and the rally could pick back up."
Dow up 12 points, S&P 500 lost 1 points and Nasdaq
fell 8 points.
Yesterday most Hot stocks were in action with
Sound Global surged 2 cts to close at 76.5cts.
I talked about this stock in the blog yesterday and
it is looking to head toward the 80s, but the readers
should still set a trailing stop.
Genting is still heading the 1.27 resistance level, and
the buy/sell action there is likely to be vigorously contested
with 1.22 as the support.
PEC once again hit the 87cts resistance level and reversed
back down to close at 85.5cts I will be very interested when
it break the resistance again.
Yesterday also saw a few techs on the run. We have
Broadway jumping up 7cts to close at 1.26. I will
watch it very closely. The O&M stocks are also waking
up and I noticed that CSE Global is heading toward and
passing the $1 mark, and I will target Cosco and YZJ to
be on a look-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
"The S&P snapped a three-day winning streak on
Tuesday after mixed earnings reports and a fall in
consumer confidence, but analysts said U.S. stocks
were taking a breather and the rally could pick back up."
Dow up 12 points, S&P 500 lost 1 points and Nasdaq
fell 8 points.
Yesterday most Hot stocks were in action with
Sound Global surged 2 cts to close at 76.5cts.
I talked about this stock in the blog yesterday and
it is looking to head toward the 80s, but the readers
should still set a trailing stop.
Genting is still heading the 1.27 resistance level, and
the buy/sell action there is likely to be vigorously contested
with 1.22 as the support.
PEC once again hit the 87cts resistance level and reversed
back down to close at 85.5cts I will be very interested when
it break the resistance again.
Yesterday also saw a few techs on the run. We have
Broadway jumping up 7cts to close at 1.26. I will
watch it very closely. The O&M stocks are also waking
up and I noticed that CSE Global is heading toward and
passing the $1 mark, and I will target Cosco and YZJ to
be on a look-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
Tuesday, July 27, 2010
Market View 27 July 2010
Wall Street ended the trading day in the green as
"An upbeat outlook from FedEx, coupled with
encouraging home sales, lifted U.S. stocks on Monday,
keeping the S&P 500 above 1,100 for a second day and
suggesting the rally could last." Dow rose 101 points,
S&P 500 added 12 points and Nasdaq gained 27 points.
I believe the market will be strongly re-evaluate when the
reporting season is near its end, and we will see how
high the market can go before the correction.
In yesterday's blog, I never mentioned a lot about many
trading stocks, but I did talked on Genting and PEC's
trading strategy, and it is good that I know that some
readers did make some money from the 2 stocks.
PEC surged past the resistance 87cts and reached
a day-high of 88.5cts but it still closed below the
87cts resistance level at 86cts. It will try again
at the resistance but I see it being capped at 88.5cts,
that is yesterday's day-high.
Genting will have 1.22 as the support now and
should it fell below that, we will see 1.17 as the
next support, but its near-term target is still 1.27
which is few bids away. I believe Sound Global
will be lively and active very very soon, and the 80s
is coming...
Enjoy the bullish sentiment and momentum for the
time being as it won't last forever.
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
"An upbeat outlook from FedEx, coupled with
encouraging home sales, lifted U.S. stocks on Monday,
keeping the S&P 500 above 1,100 for a second day and
suggesting the rally could last." Dow rose 101 points,
S&P 500 added 12 points and Nasdaq gained 27 points.
I believe the market will be strongly re-evaluate when the
reporting season is near its end, and we will see how
high the market can go before the correction.
In yesterday's blog, I never mentioned a lot about many
trading stocks, but I did talked on Genting and PEC's
trading strategy, and it is good that I know that some
readers did make some money from the 2 stocks.
PEC surged past the resistance 87cts and reached
a day-high of 88.5cts but it still closed below the
87cts resistance level at 86cts. It will try again
at the resistance but I see it being capped at 88.5cts,
that is yesterday's day-high.
Genting will have 1.22 as the support now and
should it fell below that, we will see 1.17 as the
next support, but its near-term target is still 1.27
which is few bids away. I believe Sound Global
will be lively and active very very soon, and the 80s
is coming...
Enjoy the bullish sentiment and momentum for the
time being as it won't last forever.
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 26, 2010
Market View 26 July 2010
Just a recap of last Friday and look forward to
this week's market action:
Wall Street ended in the green last Friday as
"General Electric delivered a shot of confidence to
U.S. investors when it raised its dividend on Friday,
pushing the S&P 500 through the key 1,100 level."
Dow up 102 points, S&P gained 9 points and Nasdaq
added 24 points. "Wall Street enters this week on the
cusp of a breakout in U.S. stocks, but it will need
another spate of convincing earnings reports to feed the
rally that sprouted at the end of last week."
On our local front, the mood is equal vibrant but the
trading volume is mostly concentrated on a few ever-Hot
stocks and the rotational interest in the unknown pennies
suddenly appearing in the Top Volume.
Genting's 1.22 resistance will be tested again this week
and looking at the backing momentum, it should break it
and head toward the next 1.27 resistance level.
Cosco as what I mentioned in last Friday has a resistance
level at 1.63, and although it gapped-up but it still closed
below the level. Any further upside is likely capped by
last friday day-high.
PEC will have a good run this week with 81.5 as a strong
support and heading toward 87cts resistance. Sound Global
will see resistance at 77.5cts and well-supported at 73.5cts
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
this week's market action:
Wall Street ended in the green last Friday as
"General Electric delivered a shot of confidence to
U.S. investors when it raised its dividend on Friday,
pushing the S&P 500 through the key 1,100 level."
Dow up 102 points, S&P gained 9 points and Nasdaq
added 24 points. "Wall Street enters this week on the
cusp of a breakout in U.S. stocks, but it will need
another spate of convincing earnings reports to feed the
rally that sprouted at the end of last week."
On our local front, the mood is equal vibrant but the
trading volume is mostly concentrated on a few ever-Hot
stocks and the rotational interest in the unknown pennies
suddenly appearing in the Top Volume.
Genting's 1.22 resistance will be tested again this week
and looking at the backing momentum, it should break it
and head toward the next 1.27 resistance level.
Cosco as what I mentioned in last Friday has a resistance
level at 1.63, and although it gapped-up but it still closed
below the level. Any further upside is likely capped by
last friday day-high.
PEC will have a good run this week with 81.5 as a strong
support and heading toward 87cts resistance. Sound Global
will see resistance at 77.5cts and well-supported at 73.5cts
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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