Wall Street continued to climb as "U.S. stocks
ended a volatile session modestly higher on
Wednesday after the Federal Reserve detailed
a plan to breathe new life into the struggling economy.
Both the Dow and Nasdaq closed at levels not seen
since 2008 while the S&P ended at a six-month high.
The gains were preceded by an erratic session in which
equities zigzagged up and down as the Fed announced a
plan to buy $600 billion in Treasuries. The size of the plan
was greater than had been anticipated but less than many hoped."
Dow gained 26 points, S&P 500 advanced 4 points
and Nasdaq rose 7 points.
Am I concern that a correction or sell-off may appear soon?
Yes, but I am prepared for it and I will continue
to be ready for any change of market action with
buying in the stocks that I am familiar and higher
winning percentage.
The plantation stocks continued to surge and it was
a pretty good run and I do know that a handful of
readers benefited heavily from them.
First Resources will face resistance at 1.38 and with
good support at 1.30 Golden Agri, like what I told many
readers at Skype has a target of 74cts before staging
another run-up. Well supported at 68cts.
The much smaller Kencana and Global Palm were
also seeing actions in their stock price but they will
track and trace their big brother's movement at most.
Sound Global is having a break now but further
upside resistance will be tested at 91cts and
supported at 85cts. CWT is still looking fine for
a test of $1. MIT will be on a run if it break 1.11
with strength and it appears that this will be the case.
Lastly, Genting is still below the resistance 2.26 although
it may test it again with range bound play between
2.18-2.26 now.
Today is the last trading day of the week and
profit-taking is well expected although it will be
a much contained one.
To all the readers: Happy Deepavali and Enjoy the
long weekend holiday.
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, November 4, 2010
Wednesday, November 3, 2010
Market View 3 November 2010
Wall Street closed green as "U.S. stocks
ended higher on Tuesday on the expectation
the election and a Federal Reserve decision would
create a more business-friendly environment,
though many traders forecast a sell-off in the days ahead."
Dow gained 64 points, S&P 500 rose 9 points
and Nasdaq advanced 29 points.
Yesterday, Genting hit the 2.26 resistance as what
I have written in the blog and reversed to close
at 2.23 The upside test will still be 2.26 followed
by 2.30 as what I wrote yesterday.
Plantation stocks continued to perform reasonably well
and I don't see why it won't continue to do so.
The resistance and support of Golden Agri and
First Resources were mentioned yesterday and
continue to be this way.
Recently, a few punting stocks have been providing
profits to me and the readers alike. We have Sound
Global and Longcheer as recommended by me, and
it look like we will see Sinotel, CWT and Hi-P in action.
Sinotel will announce result next Monday and CWT
got a fundamental news if you did a read-up.
Before I forget to write again, MIT will be hot-up
if it manage to break the 1.11 resistance and further
upside can be seen.
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
ended higher on Tuesday on the expectation
the election and a Federal Reserve decision would
create a more business-friendly environment,
though many traders forecast a sell-off in the days ahead."
Dow gained 64 points, S&P 500 rose 9 points
and Nasdaq advanced 29 points.
Yesterday, Genting hit the 2.26 resistance as what
I have written in the blog and reversed to close
at 2.23 The upside test will still be 2.26 followed
by 2.30 as what I wrote yesterday.
Plantation stocks continued to perform reasonably well
and I don't see why it won't continue to do so.
The resistance and support of Golden Agri and
First Resources were mentioned yesterday and
continue to be this way.
Recently, a few punting stocks have been providing
profits to me and the readers alike. We have Sound
Global and Longcheer as recommended by me, and
it look like we will see Sinotel, CWT and Hi-P in action.
Sinotel will announce result next Monday and CWT
got a fundamental news if you did a read-up.
Before I forget to write again, MIT will be hot-up
if it manage to break the 1.11 resistance and further
upside can be seen.
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, November 2, 2010
Market View 2 November 2010
Wall Street ended mixed after a very good start
of the trading day as "Investors were reluctant to
make big bets ahead of two events that could dictate
the stock market's direction for the rest of the year and
beyond, leaving shares little changed on Monday."
Dow was up as high as 125 points but closed up only
6 points, S&P 500 added 1 points and Nasdaq lost 3 points.
STI surged about 1.6% or 50 points yesterday
due to strong China manufacturing data, and
good buying volume were seen in numerous stocks
including those that were recommended by me.
Plantation stocks did very well and we saw good profits
with First Resources and Golden Agri. First Resources
will face resistance at 1.34 and supported at 1.27
Golden Agri will likely be capped at 74cts and supported
at 65cts. The remaining 2 plantation stocks Kencana and
Global Palm have not really make their move yet.
Longcheer surged on good quarter result and closed
up at 81.5cts and will be good for a test for 52-week
high. Sound Global is also doing reasonably well and
a test of 90cts is likely and the support will be at 86cts.
Genting charged up yesterday after forming a good
support at the 2.18 support level and closed at 2.23
Further upside will be tested at 2.26 and 2.30
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
of the trading day as "Investors were reluctant to
make big bets ahead of two events that could dictate
the stock market's direction for the rest of the year and
beyond, leaving shares little changed on Monday."
Dow was up as high as 125 points but closed up only
6 points, S&P 500 added 1 points and Nasdaq lost 3 points.
STI surged about 1.6% or 50 points yesterday
due to strong China manufacturing data, and
good buying volume were seen in numerous stocks
including those that were recommended by me.
Plantation stocks did very well and we saw good profits
with First Resources and Golden Agri. First Resources
will face resistance at 1.34 and supported at 1.27
Golden Agri will likely be capped at 74cts and supported
at 65cts. The remaining 2 plantation stocks Kencana and
Global Palm have not really make their move yet.
Longcheer surged on good quarter result and closed
up at 81.5cts and will be good for a test for 52-week
high. Sound Global is also doing reasonably well and
a test of 90cts is likely and the support will be at 86cts.
Genting charged up yesterday after forming a good
support at the 2.18 support level and closed at 2.23
Further upside will be tested at 2.26 and 2.30
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, November 1, 2010
Market View 1 November 2010
Another fresh month of stock trading and
another month to spar with Mr Market and
make money from him.
This week, all eyes will be on this Wednesday
when we will have the US congressional mid-term
election and interest rate fixing meeting by the
US central bank. From what I see from my
trading screen now, US futures are deep in the
green, we shall see whether it can continue through
the trading day and how the US market react for
this 2 trading prior to the BIG day.
Last Friday, if you followed GLP for the whole day
then you will notice some "happening" at the end
of the trading day. It was trading at $2.29 at pre-closing
but closed up at $2.32 with about 53 million shares changed
hand on the closing bell. I can only concluded that it
is the doing of some BBs to make the stock closed
more presentable for the month end closing.
I am a long-term investor of the stock but I do trade
contra and intra on the stock and it is not getting
profitable as the first few days of its debut.
Genting is still below the 2.18 major resistance/support
level which will be constantly tested this week and
beyond. The next resistance will be at 2.24 and
supported at 2.10
Regarding the plantation stocks that were mentioned
last week, I believe they are still good trading for
the near term but it will be volatile and erratic.
Sound Global is still hot and the resistance will be
at 91cts. I mentioned about Longcheer last Friday,
which also announced result on the same night.
It will likely make a run for 81cts resistance and
further upside will be tested at new 52-week high.
I am rather cautious this week with Big events from
Uncle Sam, but I do know that there will still be
trading opportunities in the market. One just have to
be vigilant and alert to any untoward sellings.
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
another month to spar with Mr Market and
make money from him.
This week, all eyes will be on this Wednesday
when we will have the US congressional mid-term
election and interest rate fixing meeting by the
US central bank. From what I see from my
trading screen now, US futures are deep in the
green, we shall see whether it can continue through
the trading day and how the US market react for
this 2 trading prior to the BIG day.
Last Friday, if you followed GLP for the whole day
then you will notice some "happening" at the end
of the trading day. It was trading at $2.29 at pre-closing
but closed up at $2.32 with about 53 million shares changed
hand on the closing bell. I can only concluded that it
is the doing of some BBs to make the stock closed
more presentable for the month end closing.
I am a long-term investor of the stock but I do trade
contra and intra on the stock and it is not getting
profitable as the first few days of its debut.
Genting is still below the 2.18 major resistance/support
level which will be constantly tested this week and
beyond. The next resistance will be at 2.24 and
supported at 2.10
Regarding the plantation stocks that were mentioned
last week, I believe they are still good trading for
the near term but it will be volatile and erratic.
Sound Global is still hot and the resistance will be
at 91cts. I mentioned about Longcheer last Friday,
which also announced result on the same night.
It will likely make a run for 81cts resistance and
further upside will be tested at new 52-week high.
I am rather cautious this week with Big events from
Uncle Sam, but I do know that there will still be
trading opportunities in the market. One just have to
be vigilant and alert to any untoward sellings.
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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