Wall Street ended mixed as "U.S. stocks
ended little changed on Thursday as cautious
investors pulled back before expected upheaval
from next week's elections and a likely announcement
of more stimulus from the Federal Reserve.
Next week could bring significant shifts in both monetary
policy and legislative direction, leading investors to largely
disregard earnings and economic reports."
Dow lost 12 points, S&P 500 gained 1 points
and Nasdaq rose 4 points.
Yesterday morning, I was quite shocked when Genting
opened above the 2.18 resistance level, but it only managed
to surge a few bids up and the resistance-turn-support 2.18
managed to hold on while until it was broken again to close
at 2.16 To me, 2.18 is an important support and resistance
level which must be closely watch.
Yesterday also saw the great fall from favour of recent
IPO, Xin Ren Aluminum from the 60s to close at 53cts.
I don't like the stock during application period when I read
the prospectus as it is quite obvious that it is listing
with a high valuation, so I never recommend to the Skype
readers, while I did the otherwise for GLP and MIT.
Looking at the price action yesterday, I can concluded that
many retailers and traders maybe stuck in the 60s and
even the 50s. Sharks will be attracted to such a scenario
and I am also looking for bits and pieces of it.
I believe that the plantation stocks are still ok to watch
but the fruit may not be ripe to be harvest. A breakout lead
by Golden Agri will be followed by the rest of the mid-small
caps of First Resources, Kencana and Global Palm.
Also look up for Sound Global and Longcheer as I believe
may have some action coming right up.
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 29, 2010
Thursday, October 28, 2010
Market View 28 October 2010
Wall Street was in red in overnight trade
as "U.S. stocks fell on Wednesday as investors
dialed back expectations of how aggressively
the Fed would act to stimulate the economy.
With the uncertain outcomes of the U.S. elections
and a Fed meeting next week, traders positioned
themselves for more volatile markets."
Dow recovered 105 points from day-low to close
down 43 points. S&P 500 lost 3 points while
Nasdaq bucked the trend and closed up 6 points.
It is going to be bumpy and volatile trading sessions
all the way to next week.
I told quite a number of readers over Skype recently
that if something bad is going to happen to the
market, it is surely going to be this last few of October.
Yesterday afternoon, when I saw that the US futures
was deeply in the red and together with blood flowing
out from our market as seen in my watchlist, I was
thinking THIS should be the day. Somehow, US indexes
is still showing resilience and a U-shape rebound if you
are looking at the intra-day chart.
It is likely that our market will open weaker today
and further upside and downside will be limited
be tight ranges if my view is correct. I am taking
this opportunity to see how the stocks will react
as they approach important support level.
Genting fell hard yesterday and further upside will
be tested at 2.18 initially and 2.24 as a good resistance.
It should be supported at 2.10 with downside tested
at 2.04 As much as I hope to see Genting below
$2 again, it is not going to be a "easy and smooth" fall.
MIT stands strong during the thunderstorm yesterday
and I do like to see such a stock in action and I
will watch closely on it. Frankly, the plantation stocks
also performed reasonably and maybe staging a comeback.
I have been trading cautiously lately with smaller trade
size and strict cut-loss level and will continue to do so
until I see that the risk-reward ratio is more favourable.
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
as "U.S. stocks fell on Wednesday as investors
dialed back expectations of how aggressively
the Fed would act to stimulate the economy.
With the uncertain outcomes of the U.S. elections
and a Fed meeting next week, traders positioned
themselves for more volatile markets."
Dow recovered 105 points from day-low to close
down 43 points. S&P 500 lost 3 points while
Nasdaq bucked the trend and closed up 6 points.
It is going to be bumpy and volatile trading sessions
all the way to next week.
I told quite a number of readers over Skype recently
that if something bad is going to happen to the
market, it is surely going to be this last few of October.
Yesterday afternoon, when I saw that the US futures
was deeply in the red and together with blood flowing
out from our market as seen in my watchlist, I was
thinking THIS should be the day. Somehow, US indexes
is still showing resilience and a U-shape rebound if you
are looking at the intra-day chart.
It is likely that our market will open weaker today
and further upside and downside will be limited
be tight ranges if my view is correct. I am taking
this opportunity to see how the stocks will react
as they approach important support level.
Genting fell hard yesterday and further upside will
be tested at 2.18 initially and 2.24 as a good resistance.
It should be supported at 2.10 with downside tested
at 2.04 As much as I hope to see Genting below
$2 again, it is not going to be a "easy and smooth" fall.
MIT stands strong during the thunderstorm yesterday
and I do like to see such a stock in action and I
will watch closely on it. Frankly, the plantation stocks
also performed reasonably and maybe staging a comeback.
I have been trading cautiously lately with smaller trade
size and strict cut-loss level and will continue to do so
until I see that the risk-reward ratio is more favourable.
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 27, 2010
Market View 27 October 2010
Wall Street moved up slightly as "Investors showed
unusual caution on Tuesday, leaving U.S. stocks little
changed before the potential market tumult of next
week's U.S. elections and likely announcement of more
stimulus from the Federal Reserve.
Next week's high-profile events could signal shifts
in both monetary policy and legislative direction,
raising fears that trumped Tuesday's earnings news
and economic reports."
Dow up 5 points, S&P 500 added 0.02 points
while Nasdaq rose 6 points.
In yesterday trading, profit-taking was the main
action of the day but a lot of stocks showed strength
in closing way above the day-low. If you are still
keeping track of MIT, then it rebounded from day-low
to close at 1.10 If this momentum continues, it should
be able to surge higher starting from breaking the
immediate 1.12 resistance. By the way, its "historical"
high was 1.20 if you are interested to know.
The plantation stocks took a beating for the first half
of the trading day but recovered well although still
closing in the red. I continue to view them as good
trading opportunities and the support and resistance
figures given yesterday are still valid until broken
at either side.
Some readers commented that the recent market
is pretty boring and not much fast action. I have to
say that it really depends on what stocks you are
trading and whether you are winning or unfortunately
losing. It is very volatile trading Genting, GLP, MIT
and the plantation stocks to me. Some readers love
to trade those stocks in Top Volume whether they
are strangers who are in it for the first time or a few
days, then they should have fast action as well although
this is simply not my cup of tea. I prefer to stick to
stocks that I know well and traded numerous times
but I do look-up for up-and-coming stocks and seek
quick trading opportunities.
I read about the news that Paul the Octopus had
died in his sleep yesterday and it was quite an
interesting article. Is it because he 泄漏天机
during the June World Cup and was punished?
No, he died of old age of 2.5 years and of natural
causes. RIP.
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
unusual caution on Tuesday, leaving U.S. stocks little
changed before the potential market tumult of next
week's U.S. elections and likely announcement of more
stimulus from the Federal Reserve.
Next week's high-profile events could signal shifts
in both monetary policy and legislative direction,
raising fears that trumped Tuesday's earnings news
and economic reports."
Dow up 5 points, S&P 500 added 0.02 points
while Nasdaq rose 6 points.
In yesterday trading, profit-taking was the main
action of the day but a lot of stocks showed strength
in closing way above the day-low. If you are still
keeping track of MIT, then it rebounded from day-low
to close at 1.10 If this momentum continues, it should
be able to surge higher starting from breaking the
immediate 1.12 resistance. By the way, its "historical"
high was 1.20 if you are interested to know.
The plantation stocks took a beating for the first half
of the trading day but recovered well although still
closing in the red. I continue to view them as good
trading opportunities and the support and resistance
figures given yesterday are still valid until broken
at either side.
Some readers commented that the recent market
is pretty boring and not much fast action. I have to
say that it really depends on what stocks you are
trading and whether you are winning or unfortunately
losing. It is very volatile trading Genting, GLP, MIT
and the plantation stocks to me. Some readers love
to trade those stocks in Top Volume whether they
are strangers who are in it for the first time or a few
days, then they should have fast action as well although
this is simply not my cup of tea. I prefer to stick to
stocks that I know well and traded numerous times
but I do look-up for up-and-coming stocks and seek
quick trading opportunities.
I read about the news that Paul the Octopus had
died in his sleep yesterday and it was quite an
interesting article. Is it because he 泄漏天机
during the June World Cup and was punished?
No, he died of old age of 2.5 years and of natural
causes. RIP.
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 26, 2010
Market View 26 October 2010
Wall Street rose on Monday as "U.S. stocks
rose to a five-and-a-half month high on Monday
as a falling dollar, partly driven by expectations
of further stimulus by the Federal Reserve,
prompted investors to buy riskier assets."
Dow up 31 points, S&P 500 gained 3 points
and Nasdaq added 11 points.
Yesterday, the plantation stocks finally woke
up after a short break with Golden Agri and
First Resources leading the way. I have been
recommending the plantation stocks for a while
now and I do know that a few readers were
rewarded handsomely. First Resources will
face resistance initially at 1.34 and if the momentum
charges on, the next test will be at 1.39 and
supported at 1.28 Golden Agri's next resistance
will be at 74cts with support at 65cts.
Some readers asked about any laggards in the
sector to take note, and I did notice 2 stocks:
Kencana Agri and Global Palm.
Kencana immediate resistance will be at 43.5cts
and the next will be at 46cts. Global Palm
was listed this year, if I am not wrong, and
the resistance will be at 37cts and the next
is at 40cts.
Genting is still stuck within range with support
at 2.18 and the resistance will be at 2.27
Recently the interest is with the plantations
and commodities, and it will be rotated to other
sector like Water and O&M as well.
Watch out for Sound Global to lead the way
if it breakout with strength pass the 87cts mark.
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
rose to a five-and-a-half month high on Monday
as a falling dollar, partly driven by expectations
of further stimulus by the Federal Reserve,
prompted investors to buy riskier assets."
Dow up 31 points, S&P 500 gained 3 points
and Nasdaq added 11 points.
Yesterday, the plantation stocks finally woke
up after a short break with Golden Agri and
First Resources leading the way. I have been
recommending the plantation stocks for a while
now and I do know that a few readers were
rewarded handsomely. First Resources will
face resistance initially at 1.34 and if the momentum
charges on, the next test will be at 1.39 and
supported at 1.28 Golden Agri's next resistance
will be at 74cts with support at 65cts.
Some readers asked about any laggards in the
sector to take note, and I did notice 2 stocks:
Kencana Agri and Global Palm.
Kencana immediate resistance will be at 43.5cts
and the next will be at 46cts. Global Palm
was listed this year, if I am not wrong, and
the resistance will be at 37cts and the next
is at 40cts.
Genting is still stuck within range with support
at 2.18 and the resistance will be at 2.27
Recently the interest is with the plantations
and commodities, and it will be rotated to other
sector like Water and O&M as well.
Watch out for Sound Global to lead the way
if it breakout with strength pass the 87cts mark.
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 25, 2010
Market View 25 October 2010
Another fresh trading week and a major news
awaits us as SGX is planning a merger with
ASX and I do receive a couple of emails on
the impact of such large-scale deal.
In fact, I like such a merger and I do hope that
it will materialised after the regulatory and
government approval. It will create an US$1.9 trillion
exchange with about 3000 companies, 2000+ from
Australia and 800+ from Singapore. It will definitely
be good for traders as there will be more liquidity
and more trading opportunities ahead, and I do
thrive in such an vibrant environment. Look out for
the announcement from SGX and ASX soon.
Recently, many stocks were stuck in a tight
trading range and the margin is not that impressive
although you can't complain as most stocks had
risen to a high and thus need a break as well.
If you are asking whether GLP, MIT will
continue to go higher, then I can only say that
MIT will have good support at 1.10 and if it is
taken out, the next support will be at 1.06
GLP will be supported at 2.19 and resistance
at 2.33
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: In case some readers were wondering about the Chinese
post 随笔一则 that I made yesterday night, it was just a casual
writing on how I felt about money and what I see people dealing
with $$ and how $$ impact the people. Just a any-how write-up.
awaits us as SGX is planning a merger with
ASX and I do receive a couple of emails on
the impact of such large-scale deal.
In fact, I like such a merger and I do hope that
it will materialised after the regulatory and
government approval. It will create an US$1.9 trillion
exchange with about 3000 companies, 2000+ from
Australia and 800+ from Singapore. It will definitely
be good for traders as there will be more liquidity
and more trading opportunities ahead, and I do
thrive in such an vibrant environment. Look out for
the announcement from SGX and ASX soon.
Recently, many stocks were stuck in a tight
trading range and the margin is not that impressive
although you can't complain as most stocks had
risen to a high and thus need a break as well.
If you are asking whether GLP, MIT will
continue to go higher, then I can only say that
MIT will have good support at 1.10 and if it is
taken out, the next support will be at 1.06
GLP will be supported at 2.19 and resistance
at 2.33
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: In case some readers were wondering about the Chinese
post 随笔一则 that I made yesterday night, it was just a casual
writing on how I felt about money and what I see people dealing
with $$ and how $$ impact the people. Just a any-how write-up.
Sunday, October 24, 2010
随笔一则
问世间钱为何物，
直教人一生追求!
闻有钱能使鬼推磨，
然钱乃罪恶之根源。
纵使家财万贯， 呼风唤雨，
然而恶贯满盈， 为富不仁，
终究疏而不漏， 必遭天遣。
又闻"富着甚富， 贫者甚贫"
有者视财， 爱不释手，
有者鄙财，臭如粪土，
智者见智， 仁者见仁。
有人劳其一生， 终两袖清风，家徒四壁，可怜之
有人一朝得志， 乌鸦变凤凰，目中无人，可恶之
有人一念之差， 堕入深断崖，含恨而终，可悲之
有人铤而走险， 陷入苦囹圄，悔不当初，可泣之
常言道"钱非万能， 但没钱万万不能"，
但"君子爱财， 取之有道"
且"贪既是贫" 宜慎之
"朱门酒肉臭，路有冻死骨"
倘若因贫穷， 而遭人白眼， 冷嘲热讽，
则人心已变， 世间冷暖事， 烟消云散。
在世就是数十载，何必计较得与失，
锦衣华服过一生， 破烂布衣也数载，
来去都是臭皮囊，得失有如水中月，
莫道万般皆是命，务需珍惜眼前人。
如终日怨天忧人， 悲天悯人， 不思进取， 坐井观天，
则怨恨， 忌妒， 不平等之心将"一江春水向东流"永随您左右!
酩酊拙作， 不吝赐教，
笔者无心，看官无意，
切勿对号入座， 实乃随笔一则。
直教人一生追求!
闻有钱能使鬼推磨，
然钱乃罪恶之根源。
纵使家财万贯， 呼风唤雨，
然而恶贯满盈， 为富不仁，
终究疏而不漏， 必遭天遣。
又闻"富着甚富， 贫者甚贫"
有者视财， 爱不释手，
有者鄙财，臭如粪土，
智者见智， 仁者见仁。
有人劳其一生， 终两袖清风，家徒四壁，可怜之
有人一朝得志， 乌鸦变凤凰，目中无人，可恶之
有人一念之差， 堕入深断崖，含恨而终，可悲之
有人铤而走险， 陷入苦囹圄，悔不当初，可泣之
常言道"钱非万能， 但没钱万万不能"，
但"君子爱财， 取之有道"
且"贪既是贫" 宜慎之
"朱门酒肉臭，路有冻死骨"
倘若因贫穷， 而遭人白眼， 冷嘲热讽，
则人心已变， 世间冷暖事， 烟消云散。
在世就是数十载，何必计较得与失，
锦衣华服过一生， 破烂布衣也数载，
来去都是臭皮囊，得失有如水中月，
莫道万般皆是命，务需珍惜眼前人。
如终日怨天忧人， 悲天悯人， 不思进取， 坐井观天，
则怨恨， 忌妒， 不平等之心将"一江春水向东流"永随您左右!
酩酊拙作， 不吝赐教，
笔者无心，看官无意，
切勿对号入座， 实乃随笔一则。
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