Wall Street fell in overnight trade as "Stocks edged
lower on Thursday as an unexpected rise in initial jobless
claims and unimpressive July retail sales dimmed optimism
ahead of the monthly payrolls report. Investors were cautious
before Friday's jobs report, and after a 10 percent rise in the
S&P 500 since July 2. Thursday's data showed initial claims
for jobless benefits rose to 479,000, the highest level since
early April." Dow fell 5 points, S&P 500 lost 1 points and
Nasdaq dropped 10 points.
I am sure that most readers read about the news that
GIC Real Estate is planning for an IPO raising as much
as US$3 Billion. This is going to be the biggest IPO since
Singtel's listing some 17 years ago. I have this audacious
idea which I am sharing with the readers. I am thinking that
why not Government make this IPO into another Singtel whom
sold shares to the citizens' through the CPF investment account
and the public. This will allow Singaporean to enjoy the succulent
fruit reward from GIC and it will also increase the circulation and
market cap. With the election in the pipeline, I believe that anything
is possible, and this will be a wonderfully juicy carrot for the voters.
Anyway, expect some "rewards" during the National Day Rally
at the end of August, and maybe, just only maybe, my brazen
idea will be materialised.
What is your view of this idea? Any comments?
Ok, back to the trading scene...
I mentioned 3 stocks yesterday, and they are PEC, CSE
and Sound Global. All 3 are doing decent well, and I don't see
any "reason" why they aren't continue to move up.
The target was stated in yesterday blog.
Some readers asked me why my stock trading never
cover those in the Top Volume, those relatively unknown
micro-pennies. I answered them straight that I very seldom
will touch on all these stocks as I will achieve the same
result with the stocks I know well. Yes, you may make
100% on a stocks, but that will be only 5cts in real term.
I can clearly do the same thing with Genting, Cosco,
and the rest of the gang. Period.
This will be the last trading day before my Nation's Birthday
on Monday, so I am wishing our Nation " Happy Birthday"!!
And guess what? The lunar seventh month, the so-called
Hungry Ghost Festival starts on 10/08......beware....... :-)
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, August 6, 2010
Thursday, August 5, 2010
Market View 5 August 2010
Wall Street continued to move up as "U.S. stocks
rose in thin trade on Wednesday as retailers' earnings
and a report showing a slight improvement in private
employment boosted optimism ahead of Friday's
payrolls report." Dow advanced 44 points, S&P 500
gained 7 points and Nasdaq added 20 points.
The reporting season is coming to a close as about
80% of the S&P 500 companies have already reported
quarterly result, so we are likely to see volatility to test
any further upside of the indexes.
Genting indeed stopped at the $1.27 resistance that I
mentioned yesterday, and with it closed at the same
level, it will be interesting to see how high it can go today.
Any further upside is likely capped at 1.34 which is
still "far" away.
I continue to like Sound Global, PEC and CSE, and I see them
resuming the surge soon to the 80s, 90s and >$1 respectively.
Sound Global will face resistance at 81cts, PEC at 91cts
and CSE at 1.02
Recently, the volume for some stocks have dropped drastically
but I noticed a few other "colder" stocks having very good
chart formation which points to a wonderful breakout if
it materialised. I will update accordingly in the coming postings.
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
rose in thin trade on Wednesday as retailers' earnings
and a report showing a slight improvement in private
employment boosted optimism ahead of Friday's
payrolls report." Dow advanced 44 points, S&P 500
gained 7 points and Nasdaq added 20 points.
The reporting season is coming to a close as about
80% of the S&P 500 companies have already reported
quarterly result, so we are likely to see volatility to test
any further upside of the indexes.
Genting indeed stopped at the $1.27 resistance that I
mentioned yesterday, and with it closed at the same
level, it will be interesting to see how high it can go today.
Any further upside is likely capped at 1.34 which is
still "far" away.
I continue to like Sound Global, PEC and CSE, and I see them
resuming the surge soon to the 80s, 90s and >$1 respectively.
Sound Global will face resistance at 81cts, PEC at 91cts
and CSE at 1.02
Recently, the volume for some stocks have dropped drastically
but I noticed a few other "colder" stocks having very good
chart formation which points to a wonderful breakout if
it materialised. I will update accordingly in the coming postings.
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, August 4, 2010
Market View 4 August 2010
I just realised that yesterday's blog posting was the 400th!
How time flies since I started this blog back in October 2008.
I still can remembered that I started the blog because I want
to share the trading ideas and views with the readers and
to have them making money against Mr Market and the BBs.
I really sincerely hope that I have meet the readers' expectation
and I will continue to improve and enhance the blog, but it will
nevertheless be a slow and timely process as I am just a human
being and not a mere trading machine.
You are the fuel and energy that keep me and this blog running,
as without the readers, I am just writing and creating rubbishs
in the cyberspace. Thank you.
Here is to another 400 postings!! Pop the champagne and celebrate!!
===================================================
Ok, back to the ground.
Wall Street were down in overnight trade as "Stocks slipped
on Tuesday as Dow component Procter & Gamble Co.'s
lackluster results, coupled with weaker-than-estimated data on
consumer spending and housing, prompted investors to exercise
caution a day after the market's 2 percent rally."
Dow fell 38 points, S&P dropped 5 points and Nasdaq
lost 12 points.
Yesterday was quite an "unexpected" day for many
market players. Just when you believe that the market
will run wild after overnight rally in the US market, Mr Market
decided to pull the plug and ended the frenzy.
Most stocks were down, with the exception of CSE and PEC
still ending up 1.5cts and 1ct respectively.
I like this type of green stocks in a pool of reds and
I will watch over them closely for any further surges.
Genting finally had a decent correction and fell hard from
the top and closed at 1.25 It will have strong support at 1.21
and it better don't fall through it. The next resistance stands
at 1.27
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
How time flies since I started this blog back in October 2008.
I still can remembered that I started the blog because I want
to share the trading ideas and views with the readers and
to have them making money against Mr Market and the BBs.
I really sincerely hope that I have meet the readers' expectation
and I will continue to improve and enhance the blog, but it will
nevertheless be a slow and timely process as I am just a human
being and not a mere trading machine.
You are the fuel and energy that keep me and this blog running,
as without the readers, I am just writing and creating rubbishs
in the cyberspace. Thank you.
Here is to another 400 postings!! Pop the champagne and celebrate!!
===================================================
Ok, back to the ground.
Wall Street were down in overnight trade as "Stocks slipped
on Tuesday as Dow component Procter & Gamble Co.'s
lackluster results, coupled with weaker-than-estimated data on
consumer spending and housing, prompted investors to exercise
caution a day after the market's 2 percent rally."
Dow fell 38 points, S&P dropped 5 points and Nasdaq
lost 12 points.
Yesterday was quite an "unexpected" day for many
market players. Just when you believe that the market
will run wild after overnight rally in the US market, Mr Market
decided to pull the plug and ended the frenzy.
Most stocks were down, with the exception of CSE and PEC
still ending up 1.5cts and 1ct respectively.
I like this type of green stocks in a pool of reds and
I will watch over them closely for any further surges.
Genting finally had a decent correction and fell hard from
the top and closed at 1.25 It will have strong support at 1.21
and it better don't fall through it. The next resistance stands
at 1.27
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, August 3, 2010
Market View 3 August 2010
Wall Street surged in overnight trade as
"U.S. stocks closed at their highest level in
10 weeks on Monday and the S&P 500 pierced
key technical levels as a weaker U.S. dollar lifted
the energy and raw materials sectors.
Strong results in Europe from BNP Paribas SA and
HSBC Plc added to the upbeat tone and lifted U.S.
bank stocks. JPMorgan Chase & Co rose 3.4 percent to
$41.64 and the KBW Bank index .BKX gained 3.2 percent."
Dow surged 208 points, S&P gained 24 points and Nasdaq
advanced 41 points.
Yesterday some readers asked me about Sound Global's
fall and when they can buy it again. It is very normal
that after such recent surge that a profit-taking surfaced.
In fact, I also took profits when my trailing stop was triggered.
I may not have sold it at a day-high, but at least I enjoyed
much of the surge's range. I will only be interested when
it come back near 81cts. It will be well-supported at 77cts
and if the support is breached, it will be back to square-one
hanging around the 73.5cts level.
Most stocks will opened strongly today, but only
selected stocks will keep moving up throughout the
day. We got a few stocks that are heading towards
the $1 and they are CSE Global, CWT, but they are
of a higher risk. Genting looks good to continue upside
but it will face resistance around the 1.34 region.
I mentioned that I will be interested with PEC when it
is near 87cts level, and at current price, the radar is on.
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 closed at their highest level in
10 weeks on Monday and the S&P 500 pierced
key technical levels as a weaker U.S. dollar lifted
the energy and raw materials sectors.
Strong results in Europe from BNP Paribas SA and
HSBC Plc added to the upbeat tone and lifted U.S.
bank stocks. JPMorgan Chase & Co rose 3.4 percent to
$41.64 and the KBW Bank index .BKX gained 3.2 percent."
Dow surged 208 points, S&P gained 24 points and Nasdaq
advanced 41 points.
Yesterday some readers asked me about Sound Global's
fall and when they can buy it again. It is very normal
that after such recent surge that a profit-taking surfaced.
In fact, I also took profits when my trailing stop was triggered.
I may not have sold it at a day-high, but at least I enjoyed
much of the surge's range. I will only be interested when
it come back near 81cts. It will be well-supported at 77cts
and if the support is breached, it will be back to square-one
hanging around the 73.5cts level.
Most stocks will opened strongly today, but only
selected stocks will keep moving up throughout the
day. We got a few stocks that are heading towards
the $1 and they are CSE Global, CWT, but they are
of a higher risk. Genting looks good to continue upside
but it will face resistance around the 1.34 region.
I mentioned that I will be interested with PEC when it
is near 87cts level, and at current price, the radar is on.
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, August 2, 2010
Market View 2 August 2010
Just a small recap from last Friday's US market:
"U.S. stocks closed little changed on Friday, but
Wall Street wrapped up its best month in a year
after the earnings season rounded the final turn
with a group of strong results that offset the impact
of poor economic data." Dow down 1.22 points,
S&P 500 added 0.05 points and Nasdaq up 3 points.
Today is the first trading day of August and some
readers asked me last week whether they can expect
to see a pre-National Day rally this week.
I am quite indifferent to such a view as I believe that
even if there is one, the upside is likely capped.
My concern is how will the market react after the
jovial National Day celebration? Mr Market has a
"bad" habit of dishing out "surprises" pre and post
public holiday trading, and I think this time it may be
a negative surprise.
Last Friday, I stated in my blog that I am selling and
clearing out most of my contra trades except for those
positions deep in the money and I am glad that I
did so as most stocks turn weaker as the trading
day goes on.
Some readers told me that they have "strange" occurances
that while the market and the Hot stocks are moving up
strongly, the stocks that they hold or bought seems to be
stagnant or move slightly and they have profited from the surge.
It is down to stock selection again, and I asked what are
the stocks that they have. And to no surprise at all, they
are either those loss-making micro-pennies or no-low volume
stocks, thus that explain the "strange" occurrence is really
not "strange" at all.
Yes, you can make 100-500% from the
micro-pennies stocks if they are being push-up and in the
limelight, but what if it is not selected at all?
I prefer to look at those stocks that I know is liquid, volatile
and still have reasonable upside potential, and last but not
least, I know them well. The last factor is major, but I guess
it will only comes with year of experiences sparring with Mr Market.
I will be cautious today and this week and will only
trade those counter in my close-watch and with liqudity.
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 closed little changed on Friday, but
Wall Street wrapped up its best month in a year
after the earnings season rounded the final turn
with a group of strong results that offset the impact
of poor economic data." Dow down 1.22 points,
S&P 500 added 0.05 points and Nasdaq up 3 points.
Today is the first trading day of August and some
readers asked me last week whether they can expect
to see a pre-National Day rally this week.
I am quite indifferent to such a view as I believe that
even if there is one, the upside is likely capped.
My concern is how will the market react after the
jovial National Day celebration? Mr Market has a
"bad" habit of dishing out "surprises" pre and post
public holiday trading, and I think this time it may be
a negative surprise.
Last Friday, I stated in my blog that I am selling and
clearing out most of my contra trades except for those
positions deep in the money and I am glad that I
did so as most stocks turn weaker as the trading
day goes on.
Some readers told me that they have "strange" occurances
that while the market and the Hot stocks are moving up
strongly, the stocks that they hold or bought seems to be
stagnant or move slightly and they have profited from the surge.
It is down to stock selection again, and I asked what are
the stocks that they have. And to no surprise at all, they
are either those loss-making micro-pennies or no-low volume
stocks, thus that explain the "strange" occurrence is really
not "strange" at all.
Yes, you can make 100-500% from the
micro-pennies stocks if they are being push-up and in the
limelight, but what if it is not selected at all?
I prefer to look at those stocks that I know is liquid, volatile
and still have reasonable upside potential, and last but not
least, I know them well. The last factor is major, but I guess
it will only comes with year of experiences sparring with Mr Market.
I will be cautious today and this week and will only
trade those counter in my close-watch and with liqudity.
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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