Wall Street is in red again as "Stocks ended down
for a third straight day on Thursday as an unexpected
rise in jobless claims and a sobering revenue outlook
from Cisco underscored the hurdles to economic recovery.
Thursday's drop comes a day after all three major indexes
posted their worst percentage declines in more than a month,
erasing gains for the year in the aftermath of a gloomier
outlook from the U.S. Federal Reserve."
Dow dropped 58.88 points, S&P 500 down 5.86 points
and Nasdaq slipped 18 points. (So many '8's)
Ok, today is Friday the 13th, so will anything bad to our market?
It is just another trading day to me.
Yesterday, most stocks opened down in the morning but
most managed to close at or near day-high and some greens
popping up to brighten up my trading screen.
We can see that Broadway, Cosco, YZJ, Ezion and our
dearest Genting among the gainers, and it is very
likely they will continue the move today.
Genting just reported a much-expected result and I
will watch it closely.I am also watching PEC and
Sound Global.
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.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
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 13, 2010
Thursday, August 12, 2010
Market View 12 August 2010
Wall Street nose-dived in overnight trade as
"Stocks erased the year's gains in the broadest
selloff in a month-and-a-half on Wednesday as
fears of sustained global economic stagnation
caused investors to flee to safer assets.
All three major indexes posted their worst percentage
drop since July 16 following the Federal Reserve's
bleaker assessment of the economy on Tuesday.
The U.S. central bank said it would take steps to hold
down borrowing costs"
At closing bell, Dow lost 265 points or 2.5%, S&P 500
dived 32 points or 2.8% and Nasdaq down 69 points
or 3 %.
Is this the imminent crash that I had been talking
about since the beginning of the year?
Dow is just a mere 380 points above the psychological
support level 10000 points, and if it continue to
slide down, it can only points to a more serious
crash coming right up.
Our market will definitely open lower and the
pennies and mid-caps may even gap-down today.
But I believe it is a much welcomed scene for many
retailers and traders alike as the stock selection choices
lately have been limited to just a handful of stocks.
With this selldown, hopefully the stocks will retrace
back to a more attractive level, and I believe most will
be more than willing to grab the bargains.
Seriously, I don't know how serious this major correction
will be, if it really materialised, but I will be monitor
the same old stocks for any greens among the reds.
Is it still possible to see greens today? You just never
know what Mr Market is thinking.
I will talk about the issue of 英雄造时势 or 时势造英雄
at another time....
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.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
"Stocks erased the year's gains in the broadest
selloff in a month-and-a-half on Wednesday as
fears of sustained global economic stagnation
caused investors to flee to safer assets.
All three major indexes posted their worst percentage
drop since July 16 following the Federal Reserve's
bleaker assessment of the economy on Tuesday.
The U.S. central bank said it would take steps to hold
down borrowing costs"
At closing bell, Dow lost 265 points or 2.5%, S&P 500
dived 32 points or 2.8% and Nasdaq down 69 points
or 3 %.
Is this the imminent crash that I had been talking
about since the beginning of the year?
Dow is just a mere 380 points above the psychological
support level 10000 points, and if it continue to
slide down, it can only points to a more serious
crash coming right up.
Our market will definitely open lower and the
pennies and mid-caps may even gap-down today.
But I believe it is a much welcomed scene for many
retailers and traders alike as the stock selection choices
lately have been limited to just a handful of stocks.
With this selldown, hopefully the stocks will retrace
back to a more attractive level, and I believe most will
be more than willing to grab the bargains.
Seriously, I don't know how serious this major correction
will be, if it really materialised, but I will be monitor
the same old stocks for any greens among the reds.
Is it still possible to see greens today? You just never
know what Mr Market is thinking.
I will talk about the issue of 英雄造时势 or 时势造英雄
at another time....
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.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Wednesday, August 11, 2010
Market View 11 August 2010
Wall Street ended in the red but recovered
well above day-low as "Stocks fell on Tuesday but
closed off their lows after the Federal Reserve said
it would take new steps to counter a weak recovery.
The Dow, which was down about 100 points before
the Fed's announcement, briefly turned positive, though
buying interest waned on the Fed's more pessimistic
assessment of the economy."
Dow lost 55 points, S&P 500 lost 7 points and
Nasdaq lost 29 points.
Ok, yesterday was a pool of reds for the pennies
and the mid-caps, but it is a much-welcome one
as many stocks gave up recent gains and had
become more "attractive" after this slim-down.
I talked about the commodities stocks yesterday
but I guess it was a wrong timing and they were
down with the major market trend. I believe they will
still make a move to the upside and I will watch
closely over them.
Sound Global announced result during the lunch-break
yesterday and did not have any post-result run or
sell-off, but I see a push-up for the stock. Next resistance
stands at 81cts. I am pretty bullish on another few stocks
like PEC and CSE Global. By the way, CSE Global will
be announcing result after market-hour today.
Last but not least, I would like to ask the readers whether
they believe it is 英雄造时势 or is it 时势造英雄.
Or on a simpler note, is the cup half-full or is it half-empty?
It can really reveals your inner beliefs and character,
and it will surface when you are dealing with stocks
be it investing or trading.
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.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
well above day-low as "Stocks fell on Tuesday but
closed off their lows after the Federal Reserve said
it would take new steps to counter a weak recovery.
The Dow, which was down about 100 points before
the Fed's announcement, briefly turned positive, though
buying interest waned on the Fed's more pessimistic
assessment of the economy."
Dow lost 55 points, S&P 500 lost 7 points and
Nasdaq lost 29 points.
Ok, yesterday was a pool of reds for the pennies
and the mid-caps, but it is a much-welcome one
as many stocks gave up recent gains and had
become more "attractive" after this slim-down.
I talked about the commodities stocks yesterday
but I guess it was a wrong timing and they were
down with the major market trend. I believe they will
still make a move to the upside and I will watch
closely over them.
Sound Global announced result during the lunch-break
yesterday and did not have any post-result run or
sell-off, but I see a push-up for the stock. Next resistance
stands at 81cts. I am pretty bullish on another few stocks
like PEC and CSE Global. By the way, CSE Global will
be announcing result after market-hour today.
Last but not least, I would like to ask the readers whether
they believe it is 英雄造时势 or is it 时势造英雄.
Or on a simpler note, is the cup half-full or is it half-empty?
It can really reveals your inner beliefs and character,
and it will surface when you are dealing with stocks
be it investing or trading.
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.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
Tuesday, August 10, 2010
Market View 10 August 2010
After a 3 days rest, it is so good to be back in
trading feeling so much refresh and energised.
So let's get on with things happening in the US first..
Wall Street continued to climb higher as "stocks rose
and the dollar edged higher on Monday on growing
expectations the U.S.Federal Reserve will signal this
week it is ready to renew its stimulus efforts to prop up
a weakening U.S. economy." Look like Uncle Sam is
doing what he does so well, printing a lot of money again.
Dow up 45 points, S&P 500 added6 points and Nasdaq
gained 17 points.
If you have look closely at last Friday's market close,
you will noticed that the Commodities are back in the
play. Golden Agri was the highest traded volume stock,
and Wilamr and even Kencana Agri were in the Top 15
volume and Indoagri was in the Top 20. The other 2
peers First Resources and Global Palm also rose on
reasonable volume.
Interestingly, Global Palm hitted the 37cts resistance and
retraced to close at 36cts. I mentioned about this 37cts
resistance before in previous numerous postings and it is
still standing firm but I believe not for long. It also reported
its financial result on Friday night, so if you are interested,
just check it out. Out of the few mentioned stocks, I will
focus my bullet on Global Palm to break the 37cts resistance,
Kencana Agri is current on trading halt pending announcement
which should be its financial result, and First Resources to hit
the 1.22 resistance first and then....
Other stocks that I will watch very very closely are PEC,
Sinomem, Sound Global. They should be announcing the
result this week, and I will play on the pre and post result
announcement. The support/resistance for Genting is still
valid.
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
trading feeling so much refresh and energised.
So let's get on with things happening in the US first..
Wall Street continued to climb higher as "stocks rose
and the dollar edged higher on Monday on growing
expectations the U.S.Federal Reserve will signal this
week it is ready to renew its stimulus efforts to prop up
a weakening U.S. economy." Look like Uncle Sam is
doing what he does so well, printing a lot of money again.
Dow up 45 points, S&P 500 added6 points and Nasdaq
gained 17 points.
If you have look closely at last Friday's market close,
you will noticed that the Commodities are back in the
play. Golden Agri was the highest traded volume stock,
and Wilamr and even Kencana Agri were in the Top 15
volume and Indoagri was in the Top 20. The other 2
peers First Resources and Global Palm also rose on
reasonable volume.
Interestingly, Global Palm hitted the 37cts resistance and
retraced to close at 36cts. I mentioned about this 37cts
resistance before in previous numerous postings and it is
still standing firm but I believe not for long. It also reported
its financial result on Friday night, so if you are interested,
just check it out. Out of the few mentioned stocks, I will
focus my bullet on Global Palm to break the 37cts resistance,
Kencana Agri is current on trading halt pending announcement
which should be its financial result, and First Resources to hit
the 1.22 resistance first and then....
Other stocks that I will watch very very closely are PEC,
Sinomem, Sound Global. They should be announcing the
result this week, and I will play on the pre and post result
announcement. The support/resistance for Genting is still
valid.
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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