I am a bit late in writing the Market View this morning
so I will just write on the Singapore market situation.
I was right on the buzzer as MIT hit a high of
1.20 as mentioned in the blog yesterday and reversed
to close at 1.16 As usual, it will be very interesting
if it charge out of either side of the 1.15-1.20
range with strength. Some readers asked about
the potential upside of MIT and how high it will go.
Being an IPO, it can be highly priced due to freshness,
hype and quite plainly speculative action on the stock.
There is no way to say how high it will go or maybe
it will tumble back to the IPO price.
GLP and Genting are still within range with Genting's
support level of 2.18 nearly tested yesterday with
the day-low at 2.19
Today is Friday, so the market maybe in a profit-taking
mood, so be alert to any selling wave.
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 22, 2010
Thursday, October 21, 2010
Market View 21 October 2010
Wall Street rebounded in overnight trade on
Wednesday as "Stocks had their best showing in
more than two weeks on Wednesday, buoyed by
strong earnings and continued expectations that the
Federal Reserve is on board for more quantitative easing."
Dow up 129 points, S&P 500 added 12 points and
Nasdaq gained 20 points.
Genting was finally out of the GLP's shadow as
its volume and price action were back to
"normal". The resistance 2.18 only created slight
blockage and was overwhelmed in a short time.
I was asked in email and Skype that its chart indicators
were showing overbought and toppish for a very long
time and why is it still surging? First and for all, I don't
look at indicators as to me they are useless, unrealiable
and lagging in my view. But I do know that a stock
can stay overbought for a pretty long time and Mr Market
don't need any fundamental "reason" to justify that.
A stock can be push-up base on expectation, hype or
simply the BBs love to make money on it again and again.
Genting is a great trading stock with such an erratic but
rewarding price action, but it is definitely not for the faint-hearted.
GLP is still caught within range and with Mapletree Industrial
Trust debut at 2pm today, the IPO may have more plays ahead.
A few of the Skype readers got MIT and eagerly await its
debut with high expectation. I can only say that judging from
the recent performance from GLP, it should be a decent
debut but further upside is likely capped at about $1.20
I maybe wrong with this, so I will wait till the opening
before having a more concrete point.
Other than GLP, Genting and maybe MIT, what other stocks
am I looking at? I am closely watching the plantation
stocks and also the techs and the water stocks to start
flowing again.
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 as "Stocks had their best showing in
more than two weeks on Wednesday, buoyed by
strong earnings and continued expectations that the
Federal Reserve is on board for more quantitative easing."
Dow up 129 points, S&P 500 added 12 points and
Nasdaq gained 20 points.
Genting was finally out of the GLP's shadow as
its volume and price action were back to
"normal". The resistance 2.18 only created slight
blockage and was overwhelmed in a short time.
I was asked in email and Skype that its chart indicators
were showing overbought and toppish for a very long
time and why is it still surging? First and for all, I don't
look at indicators as to me they are useless, unrealiable
and lagging in my view. But I do know that a stock
can stay overbought for a pretty long time and Mr Market
don't need any fundamental "reason" to justify that.
A stock can be push-up base on expectation, hype or
simply the BBs love to make money on it again and again.
Genting is a great trading stock with such an erratic but
rewarding price action, but it is definitely not for the faint-hearted.
GLP is still caught within range and with Mapletree Industrial
Trust debut at 2pm today, the IPO may have more plays ahead.
A few of the Skype readers got MIT and eagerly await its
debut with high expectation. I can only say that judging from
the recent performance from GLP, it should be a decent
debut but further upside is likely capped at about $1.20
I maybe wrong with this, so I will wait till the opening
before having a more concrete point.
Other than GLP, Genting and maybe MIT, what other stocks
am I looking at? I am closely watching the plantation
stocks and also the techs and the water stocks to start
flowing again.
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, October 20, 2010
Market View 20 October 2010
Wall Street tumbled in overnight trade as
" U.S. stocks posted their biggest loss in two
months on Tuesday on fears banks might be on
the hook for billions of dollars in souring mortgage
bonds." Dow fell 165 points, S&P 500 lost 19
points and Nasdaq dropped 44 points.
Is this the beginning of the DROP that I kept
mentioned?
I can only say that it is looking so, and the next
few day's of market action will determine whether
this is the case. Anyway, any correction at this time
is clearly healthy and much-needed which is like
taking a short break before resuming the journey.
2 days ago, I mentioned that Genting is looking
ready to surge to the resistance at 2.18 and indeed
yesterday it surged to a high of 2.17 before settling
down to close at 2.15 The resistance of 2.18 is still
the immediate target but much will be determined
by the general market action now. Immediate support
stands at 2.10 at the moment.
I also stated that a break of either side of GLP
trading range of 2.13-2.19 will be interesting and
it was indeed the case when it breakout of the
range yesterday. Hit a high of 2.33 before closing
at 2.29. Nearest support level will be at 2.25 and
further upside will be capped at 2.38
Stocks will open in the red this morning and although
I believe that the closing figure will be much better
than the opening, I am staying cautious for the day.
Yes, I will still be looking for bargains but it is only
for intra-day purpose as I maybe able to get them
at a greater discount in the coming days.
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
" U.S. stocks posted their biggest loss in two
months on Tuesday on fears banks might be on
the hook for billions of dollars in souring mortgage
bonds." Dow fell 165 points, S&P 500 lost 19
points and Nasdaq dropped 44 points.
Is this the beginning of the DROP that I kept
mentioned?
I can only say that it is looking so, and the next
few day's of market action will determine whether
this is the case. Anyway, any correction at this time
is clearly healthy and much-needed which is like
taking a short break before resuming the journey.
2 days ago, I mentioned that Genting is looking
ready to surge to the resistance at 2.18 and indeed
yesterday it surged to a high of 2.17 before settling
down to close at 2.15 The resistance of 2.18 is still
the immediate target but much will be determined
by the general market action now. Immediate support
stands at 2.10 at the moment.
I also stated that a break of either side of GLP
trading range of 2.13-2.19 will be interesting and
it was indeed the case when it breakout of the
range yesterday. Hit a high of 2.33 before closing
at 2.29. Nearest support level will be at 2.25 and
further upside will be capped at 2.38
Stocks will open in the red this morning and although
I believe that the closing figure will be much better
than the opening, I am staying cautious for the day.
Yes, I will still be looking for bargains but it is only
for intra-day purpose as I maybe able to get them
at a greater discount in the coming days.
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, October 19, 2010
Market View 19 October 2010
Wall Street was in the green as the 3 major indexes
posted gain in overnight trade. Dow added 81 points,
S&P 500 gained 9 points and Nasdaq up 12 points.
The corporate reporting season has started and
it will determine how far and high the indexes will
go. I just have that tiny feeling that this may be
the last leg in a short time.
Everything went through according to the script
yesterday and all eyes were focus on the GLC
heavyweight debut. It closed at 2.17, a 21cts gain
from the IPO price of 1.96 or about 11%. The price
range was 2.13-2.19, and it will be interesting if either
side got taken out. In 2 days, another heavyweight
Mapletree Industrial Trust will make its debut and
it is going to be equally exciting with so much liquidity
in the market.
My view for Genting is still the same as what was
posted in yesterday blog. I told a few readers at Skype
that the plantation stocks are worthy of a look-at,
and Golden Agri is obviously leading the laggard pack.
The rest of the mid-small cap stocks in the sector are
First Resources, Kencana Agri, and recent IPO
Global Palm. If you prefer the high-end stock, then
Indo Agri and Wilmar will suit your taste.
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
posted gain in overnight trade. Dow added 81 points,
S&P 500 gained 9 points and Nasdaq up 12 points.
The corporate reporting season has started and
it will determine how far and high the indexes will
go. I just have that tiny feeling that this may be
the last leg in a short time.
Everything went through according to the script
yesterday and all eyes were focus on the GLC
heavyweight debut. It closed at 2.17, a 21cts gain
from the IPO price of 1.96 or about 11%. The price
range was 2.13-2.19, and it will be interesting if either
side got taken out. In 2 days, another heavyweight
Mapletree Industrial Trust will make its debut and
it is going to be equally exciting with so much liquidity
in the market.
My view for Genting is still the same as what was
posted in yesterday blog. I told a few readers at Skype
that the plantation stocks are worthy of a look-at,
and Golden Agri is obviously leading the laggard pack.
The rest of the mid-small cap stocks in the sector are
First Resources, Kencana Agri, and recent IPO
Global Palm. If you prefer the high-end stock, then
Indo Agri and Wilmar will suit your taste.
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, October 18, 2010
Market View 18 October 2010
I am feeling 100% OK after a good long
rest and raring to make more $$ from Mr Market
because of my absence recently.
Needless to say, the main focus for today will
be falling on GIC Global Logistic IPO debut.
Liquidity and volatility will be on this stock and
from what I can see from my trading screen,
it may be opening about 2.1 I am obviously
vested in this stock and will seek to enter and
add positions in appropriate time.
I believe that the Techs should be Hot for
today and this week given the strong performance
by Nasdaq last week. The main focus is on
Broadway and Hi-P, the mid-small cap leaders.
Genting look ready for another surge which mayl
see resistance 2.18 being tested and the support will
be at 2.03 Sound Global appears to have woken up
from recent break, and it may be testing to reach the
$1 mark again. Resistance at 92cts and support will be seen
at 83cts.
If you are asking whether my rather negative view
about an imminent correction in October has changed,
then the answer is still a big "No". I am still cautious of'
such an event, but I won't miss any opportunity to make
some $$ for myself. The keypoint is to stay vigilant and
be aware of any tide-turning with cut-loss and trailing stops.
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
rest and raring to make more $$ from Mr Market
because of my absence recently.
Needless to say, the main focus for today will
be falling on GIC Global Logistic IPO debut.
Liquidity and volatility will be on this stock and
from what I can see from my trading screen,
it may be opening about 2.1 I am obviously
vested in this stock and will seek to enter and
add positions in appropriate time.
I believe that the Techs should be Hot for
today and this week given the strong performance
by Nasdaq last week. The main focus is on
Broadway and Hi-P, the mid-small cap leaders.
Genting look ready for another surge which mayl
see resistance 2.18 being tested and the support will
be at 2.03 Sound Global appears to have woken up
from recent break, and it may be testing to reach the
$1 mark again. Resistance at 92cts and support will be seen
at 83cts.
If you are asking whether my rather negative view
about an imminent correction in October has changed,
then the answer is still a big "No". I am still cautious of'
such an event, but I won't miss any opportunity to make
some $$ for myself. The keypoint is to stay vigilant and
be aware of any tide-turning with cut-loss and trailing stops.
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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