I have to settle some issues this early morning,
and wasn't able to come back on time to publish
the Market View. Since the market is already
up and running, I will not write anything for today.
Skype me if you have any doubts/questions/problems.
Nicolas Darvas Box Theory Trading Method
Investing Seminar
Timeless You
Friday, August 20, 2010
Thursday, August 19, 2010
Market view 19 August 2010
Wall Street ran up slightly "led by gains in consumer
stocks after a sales forecast from discounter Target Corp
temporarily quelled concerns about consumer demand."
Dow rose 10 points, S&P 500 up 2 points
and Nasdaq advanced 6 points.
Yesterday, I was right on the dot with Genting yet again.
I stated that the support for the stock is at 1.51 and the
resistance is at 1.57 and that is exactly the price range
for yesterday. I will be very interested when it surge
pass 1.57 as the next resistance is at 1.63 If 1.51 is
breached, then it can be supported at 1.45
Recently, I can only concentrate my trading on
a handful of selected stocks, but the returns are still
reasonable and decent buoyed by the superb surge
by Genting. Sometimes, you really need not see
a lot of stocks, but can just focus on a few winners,
and it will be enough profits for the trades.
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 after a sales forecast from discounter Target Corp
temporarily quelled concerns about consumer demand."
Dow rose 10 points, S&P 500 up 2 points
and Nasdaq advanced 6 points.
Yesterday, I was right on the dot with Genting yet again.
I stated that the support for the stock is at 1.51 and the
resistance is at 1.57 and that is exactly the price range
for yesterday. I will be very interested when it surge
pass 1.57 as the next resistance is at 1.63 If 1.51 is
breached, then it can be supported at 1.45
Recently, I can only concentrate my trading on
a handful of selected stocks, but the returns are still
reasonable and decent buoyed by the superb surge
by Genting. Sometimes, you really need not see
a lot of stocks, but can just focus on a few winners,
and it will be enough profits for the trades.
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 18, 2010
Market View 18 August 2010
Wall Street rebounded in overnight trade as
"Stocks rose on Tuesday after earnings from
Wal-Mart and Home Depot and a $39 billion
takeover bid in the agriculture sector bolstered
confidence in the corporate outlook.
The two retailing giants reported profit that topped
expectations, buoying the Dow industrials."
Dow gained 104 points, S&P 500 advanced 13
points and Nasdaq surged 28 points.
Yesterday, Genting hit a morning day-high of
1.68 and reversed due to drastic profit-taking
and hit the 1.51 support level that I mentioned
in the blog and closed 1.52 It is in an interesting
situation with the 1.51 support looking weak and the
next support is at 1.45 The resistance stands at
1.57 and 1.63 Just keep to trailing stop if you are
still in the stock.
A readers asked me in skype yesterday about
Informatic which he had bought high and the price
is falling. He wish to know my view on the stock.
I told him that I normally don't look at such speculative
penny stocks other than knowing that it is in the
Top Volume and that Peter Lim bought at at low.
I told him to cut as he was already losing 3-4cts
when he asked for my view. The reply from him
is even more funny, he said that he will "continue
to see". Ok, that is his money and not mine, so I
can do so much.
I read of stories that some people made 10cts or
more from Informatic. Guess what, the opposite
maybe happening now. You may learn of stories
of people losing 10cts on the stock soon.
I prefer to stick to stocks like Genting which can
also make 10cts and much more, and I know that
the movement will continue after the profit-taking
is over. I can't say as much for Informatic, but that
is only because I am not familiar with the stock
and not I am bias against the pennies.
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 rose on Tuesday after earnings from
Wal-Mart and Home Depot and a $39 billion
takeover bid in the agriculture sector bolstered
confidence in the corporate outlook.
The two retailing giants reported profit that topped
expectations, buoying the Dow industrials."
Dow gained 104 points, S&P 500 advanced 13
points and Nasdaq surged 28 points.
Yesterday, Genting hit a morning day-high of
1.68 and reversed due to drastic profit-taking
and hit the 1.51 support level that I mentioned
in the blog and closed 1.52 It is in an interesting
situation with the 1.51 support looking weak and the
next support is at 1.45 The resistance stands at
1.57 and 1.63 Just keep to trailing stop if you are
still in the stock.
A readers asked me in skype yesterday about
Informatic which he had bought high and the price
is falling. He wish to know my view on the stock.
I told him that I normally don't look at such speculative
penny stocks other than knowing that it is in the
Top Volume and that Peter Lim bought at at low.
I told him to cut as he was already losing 3-4cts
when he asked for my view. The reply from him
is even more funny, he said that he will "continue
to see". Ok, that is his money and not mine, so I
can do so much.
I read of stories that some people made 10cts or
more from Informatic. Guess what, the opposite
maybe happening now. You may learn of stories
of people losing 10cts on the stock soon.
I prefer to stick to stocks like Genting which can
also make 10cts and much more, and I know that
the movement will continue after the profit-taking
is over. I can't say as much for Informatic, but that
is only because I am not familiar with the stock
and not I am bias against the pennies.
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 17, 2010
Market View 17 August 2010
Wall Street ended mixed as "Investors found little
reason to buy stocks on Monday as the Dow and
S&P 500 ended barely changed, suggesting that
even several days of losses have not convinced
institutions share prices are attractive."
Dow lost 1 points, S&P 500 gained 0.13 points,
and Nasdaq advanced 8 points.
Genting continued to defy gravity and surged to
a 1.60 high before closing at 1.58
Will it go up again or will a correction be coming?
If you have it at low price, like when I started recommendating
it at below $1, then just continue to keep it.
If you have just bought in the last few days, you
are still sitting on a decent profits, and just keep
to a trailing stop, and take the profits when the selling
comes. The next resistance after the yesterday 1.60
high is at 1.63, and the support is at 1.51
I continue to like and trade PEC and Sound Global.
I have been only concentrating my trading on just
a few stocks lately, and it is for pretty obvious reason
that the rest simply have no volume and formation
to back up my trading decisions, so being less is more
now.
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
reason to buy stocks on Monday as the Dow and
S&P 500 ended barely changed, suggesting that
even several days of losses have not convinced
institutions share prices are attractive."
Dow lost 1 points, S&P 500 gained 0.13 points,
and Nasdaq advanced 8 points.
Genting continued to defy gravity and surged to
a 1.60 high before closing at 1.58
Will it go up again or will a correction be coming?
If you have it at low price, like when I started recommendating
it at below $1, then just continue to keep it.
If you have just bought in the last few days, you
are still sitting on a decent profits, and just keep
to a trailing stop, and take the profits when the selling
comes. The next resistance after the yesterday 1.60
high is at 1.63, and the support is at 1.51
I continue to like and trade PEC and Sound Global.
I have been only concentrating my trading on just
a few stocks lately, and it is for pretty obvious reason
that the rest simply have no volume and formation
to back up my trading decisions, so being less is more
now.
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
Monday, August 16, 2010
Market View 16 August 2010
Wall Street dropped further as " Stocks closed out
their worst week in six with a whimper on Friday,
slumping toward the close as economic data gave
little reason to reverse a string of sell-offs."
For the week, the Dow fell 3.3 percent, while the
S&P slid 3.8 percent and the Nasdaq lost 5 percent.
Dow dropped 17 points, S&P 500 down 4 points
and Nasdaq slide 17 points.
The main star of attraction in last Friday was
undoubtedly Genting. Gapping up on opening,
surge to $1.45 high in early trading before taking
a break and resuming the surge to close at day-high
$1.46 What an "incredible" run! I managed to grab
hold a few cents of this monster stock and further
upside will be seen till next resistance 1.50 and supported
at 1.39
I continue to like and trade PEC and Sound Global, and
frankly, just by trading the above-mentioned 3 stocks is
enough to make profits and the efforts are all worthwhile.
I shall provide further views as the week progresses.
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
their worst week in six with a whimper on Friday,
slumping toward the close as economic data gave
little reason to reverse a string of sell-offs."
For the week, the Dow fell 3.3 percent, while the
S&P slid 3.8 percent and the Nasdaq lost 5 percent.
Dow dropped 17 points, S&P 500 down 4 points
and Nasdaq slide 17 points.
The main star of attraction in last Friday was
undoubtedly Genting. Gapping up on opening,
surge to $1.45 high in early trading before taking
a break and resuming the surge to close at day-high
$1.46 What an "incredible" run! I managed to grab
hold a few cents of this monster stock and further
upside will be seen till next resistance 1.50 and supported
at 1.39
I continue to like and trade PEC and Sound Global, and
frankly, just by trading the above-mentioned 3 stocks is
enough to make profits and the efforts are all worthwhile.
I shall provide further views as the week progresses.
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
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