Wall Street fell on the last trading day of September
but the indexes still recorded their best performance
of the month in 71 years.
Dow lost 47 points, S&P 500 fell 4 points and
Nasdaq lost 8 points.
We are into the first trading day of October and
Q4 2010, so what can we expect this month.
October is arguably the worst trading month in
history as Mr Market somehow like to crash on
this month, so is "This" the month?
I can only say that I am not comfortable with
the recent rally which left many stocks in an
unfavourable high price and it really shows on
the stock chart that I refer to. A correction will
be just right to at least push the price to a more
reasonably price range and any further rally can
continue from there. The market should be pretty
volatile and aggressive before the start of the
Q3 reporting. If there is any untoward nasty surprises
along the way, the end-result will be a fast and furious
sell-off.
I have started to take some money of the holdings
both for taking profits out of the winners and preparing
the money for the 2 major powerhouse IPOs listing
soon. I will park some money in GIC Logistic and
Mapletree Trust as I believe their mid-long term price
appreciation potential.
Ok, talk about Genting. Like what I mentioned in
yesterday's post, the support level for the stock
is only mere bids away at 1.84 based on the
1.86 closing price yesterday. Upside will be tested
at 1.90
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, October 1, 2010
Thursday, September 30, 2010
Market View 30 September 2010
Wall Street hit the pause button and "took a
breather from a month-long rally on Wednesday,
with investors bracing for higher volatility going
forward as the best quarter in a year nears its end."
Dow lost 23 points, S&P 500 fell 3 points and
Nasdaq lost 3 points.
Today is the last trading day of Q3, so can we expect
a window-dressing session today? A few of readers asked
me the same questions last few days, and I replied them
that even without all the dressing-up, the BBs and the
funds are having strong and healthy performance, so I
expect a more subdued trading today. They just need to
ensure that the market don't crash before today is over.
Yesterday, a handful of readers and me went into Sound
Global at various entry price and all managed to make
money out of the fast and furious surge from the stock.
If you don't know why it surge yesterday, please read
up the SGX annoucement. It is the "best" source of
information and news from the listed companies,
although many time you will likely see a "We are
not aware of any reason or news..." when a stock is
surging high and wild.
Ok, Sound Global is going to be listed in HK through
introduction, and it is likely going to be interesting.
I will seek to enter again into the stock, but this time
without any high expectation like the previous session.
Many readers have been told multiple time that I
believe that it is a permanent >$1 stock, and I continue
to feel this way.
Genting is sitting at the psychological level of 1.90 and
any surge will be capped at the recent high of 1.97
and support will rush in if it is in the 1.84 region.
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
breather from a month-long rally on Wednesday,
with investors bracing for higher volatility going
forward as the best quarter in a year nears its end."
Dow lost 23 points, S&P 500 fell 3 points and
Nasdaq lost 3 points.
Today is the last trading day of Q3, so can we expect
a window-dressing session today? A few of readers asked
me the same questions last few days, and I replied them
that even without all the dressing-up, the BBs and the
funds are having strong and healthy performance, so I
expect a more subdued trading today. They just need to
ensure that the market don't crash before today is over.
Yesterday, a handful of readers and me went into Sound
Global at various entry price and all managed to make
money out of the fast and furious surge from the stock.
If you don't know why it surge yesterday, please read
up the SGX annoucement. It is the "best" source of
information and news from the listed companies,
although many time you will likely see a "We are
not aware of any reason or news..." when a stock is
surging high and wild.
Ok, Sound Global is going to be listed in HK through
introduction, and it is likely going to be interesting.
I will seek to enter again into the stock, but this time
without any high expectation like the previous session.
Many readers have been told multiple time that I
believe that it is a permanent >$1 stock, and I continue
to feel this way.
Genting is sitting at the psychological level of 1.90 and
any surge will be capped at the recent high of 1.97
and support will rush in if it is in the 1.84 region.
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, September 29, 2010
Market View 29 September 2010
Wall Street rebounded to close in the green as
"latecomers jumped onto the September bandwagon,
buying up sectors that have outperformed during the
month." Dow gained 46 points, S&P 500 added 6
points and Nasdaq rose 10 points.
Some responses that I received from skype and emails
yesterday ranged from that I am being too bearish and
I will be right on my view. I have to mention again that
any positive or negative views on the market are purely
my own, derived from my observations or the chart or
even my gut feeling. I believe that the readers can make
his/her judgment and form his/her own opinion of the
market condition and sentiment. To conclude, I am bearish
on the market in October.
Ok, back to the stocks..
Genting indeed fell to the support level yesterday and
closed at 1.95 The next fragile support level is at the
psychological 1.90 Further upside will be tested at 2.03
With regards to other stocks, I am feeling the strain
of top-heavy positions which will triggered panic
selling if the sentiment changes.
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
"latecomers jumped onto the September bandwagon,
buying up sectors that have outperformed during the
month." Dow gained 46 points, S&P 500 added 6
points and Nasdaq rose 10 points.
Some responses that I received from skype and emails
yesterday ranged from that I am being too bearish and
I will be right on my view. I have to mention again that
any positive or negative views on the market are purely
my own, derived from my observations or the chart or
even my gut feeling. I believe that the readers can make
his/her judgment and form his/her own opinion of the
market condition and sentiment. To conclude, I am bearish
on the market in October.
Ok, back to the stocks..
Genting indeed fell to the support level yesterday and
closed at 1.95 The next fragile support level is at the
psychological 1.90 Further upside will be tested at 2.03
With regards to other stocks, I am feeling the strain
of top-heavy positions which will triggered panic
selling if the sentiment changes.
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, September 28, 2010
Market View 28 September 2010
Wall Street closed in the red on Monday "as investors
took a break from a four-week rally, but they remained
optimistic the advance would resume as a flurry of deals
suggested companies were seeing value in the market."
Dow fell 48 points, S&P 500 lost 7 points and Nasdaq
fell 11 points.
I don't wish to paint a gloom and doom picture but
I believe that October will almost definitely not
as rosy as this September in term of the markets
and stocks performance. I see that a correction
selling will surface anytime soon and it should continue
until the Q3 result announcements pre-buying frenzy
start weeks later. Then we will see whether what
kind of "surprises" we get from the major powerhouses
both globally and local blue-chip. Whether the results
are within expectation, out-of-the-blue nasty suprises
or strong corporate results, we shall see.
Our market have been doing very well taking the
cue from the US market, and I believe that many
readers should have made money on a couple
of stocks and/or still holding to winner stocks.
That's good and a reasonably placed trailing stop
is a essential way to protect the winnings.
Many stocks have reached and bounced off
strong resistances, and it is very likely that they will
retrace back to fragile support level which will be
broken one by one as and when the mass selling
comes until the selling slow and falter eventually.
Some people may think that because I missed the
strong run-up during my holiday so I am trying to
talk down the market. This is quite a narrow-minded
view and I certainly don't have such a thinking.
I have stock holdings as well, and they are concentrated
in those heavily traded counters, and if the market continue
to surge, I know that my holding will increase in value.
There is no need for me to talk down the market, and
I don't have that kind of super-natural or celestial ability
to do so. I am just voicing what I see in the market, and
if you don't feel that way or have entirely opposite opinion,
you are welcome to stick to yours while I stick to mine.
Over the weekend, I look through many charts and
the downside risk of many stocks overweight any further
potential upside. Genting is likely to be heading toward
the support level at 1.96 rather than toward the resistance
at 2.12
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
took a break from a four-week rally, but they remained
optimistic the advance would resume as a flurry of deals
suggested companies were seeing value in the market."
Dow fell 48 points, S&P 500 lost 7 points and Nasdaq
fell 11 points.
I don't wish to paint a gloom and doom picture but
I believe that October will almost definitely not
as rosy as this September in term of the markets
and stocks performance. I see that a correction
selling will surface anytime soon and it should continue
until the Q3 result announcements pre-buying frenzy
start weeks later. Then we will see whether what
kind of "surprises" we get from the major powerhouses
both globally and local blue-chip. Whether the results
are within expectation, out-of-the-blue nasty suprises
or strong corporate results, we shall see.
Our market have been doing very well taking the
cue from the US market, and I believe that many
readers should have made money on a couple
of stocks and/or still holding to winner stocks.
That's good and a reasonably placed trailing stop
is a essential way to protect the winnings.
Many stocks have reached and bounced off
strong resistances, and it is very likely that they will
retrace back to fragile support level which will be
broken one by one as and when the mass selling
comes until the selling slow and falter eventually.
Some people may think that because I missed the
strong run-up during my holiday so I am trying to
talk down the market. This is quite a narrow-minded
view and I certainly don't have such a thinking.
I have stock holdings as well, and they are concentrated
in those heavily traded counters, and if the market continue
to surge, I know that my holding will increase in value.
There is no need for me to talk down the market, and
I don't have that kind of super-natural or celestial ability
to do so. I am just voicing what I see in the market, and
if you don't feel that way or have entirely opposite opinion,
you are welcome to stick to yours while I stick to mine.
Over the weekend, I look through many charts and
the downside risk of many stocks overweight any further
potential upside. Genting is likely to be heading toward
the support level at 1.96 rather than toward the resistance
at 2.12
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, September 27, 2010
Market View will be back tomorrow
I have to run further errands today morning so
the market view can only be back tomorrow.
Sorry for any inconvenience caused.
the market view can only be back tomorrow.
Sorry for any inconvenience caused.
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