Wall Street reversed from red to close in
the green as "stocks staged a comeback on
Wednesday, breaking a four-day losing streak
by major indexes, as key technical support triggered
bargain hunting that offset weak economic data."
Dow went as low as 9937 but closed at 10060
up 20 points, S&P 500 added 3 points and
Nasdaq gained 18 points.
Is this purely a technical dead cat rebounce or
is the worst is over? I believe that it is only
the peace before the storm.
Nothing has changed for my last few trading
sessions. The same old stocks are still in my
horizon although now the concentration is
narrowed down even lesser stocks.
Genting continue to be the stock most traded,
but I am taking 50% profits out everytime it
surges, and ride up the profits with the rest
of the positions.
I continue to trade lightly on stocks like CSE,
PEC and Sound Global while waiting for that
defining moment, a breakout of either side for
me to add on or reduce exposure to the market
conditions.
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
Thursday, August 26, 2010
Wednesday, August 25, 2010
Market View 25 August 2010
Wall Street plunged in overnight trade as "Stocks fell
to their lowest level in seven weeks on Tuesday as
an unexpectedly large drop in home sales ratcheted
up concerns that the economic recovery is even
weaker than had been feared. The Dow and S&P 500
racked up their fourth day of losses in a row after an
industry group reported that sales of U.S. existing homes
in July fell to their slowest pace in 15 years."
Dow lost 134 points, S&P 500 fell 15 points and
Nasdaq lost 36 points.
Don't worry, this is not the KO punch YET, but it is coming....
Yesterday, Genting fell to low of 1.52 a bid shy of
the support level and rebound to close at 1.54
It is still within the range of 1.51-1.57 and may test
the support level again today. If the support is breached,
we will see the next support at 1.45
Although I don't expect to see a total meltdown in the
pennies and mid-cap today, but it isn't going to be
pretty today. Stock will open weak and will likely
remain so except for a few "selected" stocks.
There is not many trading choices around so I will
stick to stocks that are still green today and are
on the verge of breakout. I will be looking at PEC,
Sound Global and CSE.
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
to their lowest level in seven weeks on Tuesday as
an unexpectedly large drop in home sales ratcheted
up concerns that the economic recovery is even
weaker than had been feared. The Dow and S&P 500
racked up their fourth day of losses in a row after an
industry group reported that sales of U.S. existing homes
in July fell to their slowest pace in 15 years."
Dow lost 134 points, S&P 500 fell 15 points and
Nasdaq lost 36 points.
Don't worry, this is not the KO punch YET, but it is coming....
Yesterday, Genting fell to low of 1.52 a bid shy of
the support level and rebound to close at 1.54
It is still within the range of 1.51-1.57 and may test
the support level again today. If the support is breached,
we will see the next support at 1.45
Although I don't expect to see a total meltdown in the
pennies and mid-cap today, but it isn't going to be
pretty today. Stock will open weak and will likely
remain so except for a few "selected" stocks.
There is not many trading choices around so I will
stick to stocks that are still green today and are
on the verge of breakout. I will be looking at PEC,
Sound Global and CSE.
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 24, 2010
Market View 24 August 2010
Wall Street continued to slip although no killer-blow
yet as "investors took refuge in defensive shares
after the latest corporate M&A failed to soothe
concerns the recovery is stalling."
Dow lost 39 points, S&P 500 slipped 4 points
and Nasdaq down 20 points.
Yesterday main star of attraction was Genting as
it surge across the resistance 1.51 and 1.57 to close
up at 1.59 It will face 1.64 and 1.71 next if it continue
to rise. Keep a trailing stop and enjoy the surge.
Some readers commented on skype that my blog's market
view seems to be shorter and shorter. Well, that is a fact
as there isn't much to trade anyway. The main actions
are concentrated on a few stocks which I kept mentioning.
Anyway, watch for further movement in Sound Global
and Longcheer.
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
P.S.: I have been sending out reports out lately and if any reader
who is in my list but never receive reports by tomorrow, please
inform me.
yet as "investors took refuge in defensive shares
after the latest corporate M&A failed to soothe
concerns the recovery is stalling."
Dow lost 39 points, S&P 500 slipped 4 points
and Nasdaq down 20 points.
Yesterday main star of attraction was Genting as
it surge across the resistance 1.51 and 1.57 to close
up at 1.59 It will face 1.64 and 1.71 next if it continue
to rise. Keep a trailing stop and enjoy the surge.
Some readers commented on skype that my blog's market
view seems to be shorter and shorter. Well, that is a fact
as there isn't much to trade anyway. The main actions
are concentrated on a few stocks which I kept mentioning.
Anyway, watch for further movement in Sound Global
and Longcheer.
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
P.S.: I have been sending out reports out lately and if any reader
who is in my list but never receive reports by tomorrow, please
inform me.
Monday, August 23, 2010
Market View 23 August 2010
This is getting interesting!
Wall Street continued to fall for the second
week on recovery woe. Dow down 58 points,
S&P 500 lost 4 points while Nasdaq advanced
0.81 points. Are we going to see the indexes
heading further down? It seems like the beginning
of the end is coming....
On our local shore, I receive multiple enquiries on
Genting asking for its movement for the weeks
and beyond. I have no look-into-the-future eye,
but from what I can see from chart, it is in a
1.45-1.51-1.57 range and it is likely to stick between
this range for some time until it breakout from either
side of the support/resistance.
Last Friday, some readers asked me about Sound Global,
and I specifically told them to go in at 73.5cts. I hope that
they have bought it as it will continue to climb unless it fall
below the day-low. I am optimistic of the stock but I do still
have a cut-loss and stop ready.
Tech stock Longcheer will be announcing result on 27th
and I am watching VERY closely on it.
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
Wall Street continued to fall for the second
week on recovery woe. Dow down 58 points,
S&P 500 lost 4 points while Nasdaq advanced
0.81 points. Are we going to see the indexes
heading further down? It seems like the beginning
of the end is coming....
On our local shore, I receive multiple enquiries on
Genting asking for its movement for the weeks
and beyond. I have no look-into-the-future eye,
but from what I can see from chart, it is in a
1.45-1.51-1.57 range and it is likely to stick between
this range for some time until it breakout from either
side of the support/resistance.
Last Friday, some readers asked me about Sound Global,
and I specifically told them to go in at 73.5cts. I hope that
they have bought it as it will continue to climb unless it fall
below the day-low. I am optimistic of the stock but I do still
have a cut-loss and stop ready.
Tech stock Longcheer will be announcing result on 27th
and I am watching VERY closely on it.
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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