Wall Street closed red as "U.S. stocks on
Thursday fell for a third session this week
as a disappointing forecast from Cisco Systems
Inc. weighed on the technology sector and as
global leaders tried to agree on a plan to keep
the recovery on track."
Dow fell 74 points, S&P 500 lost 5 points
and Nasdaq dropped 23 points.
Some readers asked in email and skype what
is O&M sector and stocks. My apology for using
short-form and I am referring to Offshore & Marine
sector and stocks. It will be likely to be the
next BIG trading idea with many stocks in this
sector like the big-cap Cosco, Ezra,YZJ, Sembmarine
and the mid-small caps like Ezion, Swiber, Mermaid,
Otto, CH Offshore etc.
Genting is still stuck with range and I do know
that many readers were wondering whether it will
continue to surge pass the recent high of 2.34
I can only say that I prefer it to test again the
support level before resuming its path.
Do you get my message?
As I was writing, the market opens and Genting
opened at 2.10 down 18cts...
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, November 12, 2010
Thursday, November 11, 2010
Market View 11 November 2010
Wall Street managed to edged into the green
region as "Stocks advanced on Wednesday as
investors put the previous day's uncertainty aside
and snapped up some of the week's biggest losers
in renewed optimism the rally remains intact.
Banks, which lost 3 percent over the past two sessions,
rebounded. The S&P 500 Financials index gained 1.4
percent and was the best performer of the S&P 500's
top 10 sectors." Dow closed up 10 points, S&P 500
added 5 points and Nasdaq rose 16 points.
Many stocks suffered a profit-taking selldown yesterday
with Genting and a few of the plantation stocks dropping.
Some readers commented that I talk down Genting in
Skype which is so funny to me. I don't have the power
and ability to talk Genting down, it is purely market action
that is, the profit-taking that caused it to fall.
Is Genting's surge over for now?
This is a million dollar question that I wish I can answer
with confidence, but too bad I can't. Genting will have
strong support at yesterday day-low of 2.22 followed
by even stronger force at 2.18 Further upside will
be tested by yesterday day-high 2.34 I would prefer it
to test the low before any reversal in buying force.
First Resources continued to surge through the roof
but I believe the upside is limited now and it will
be vigorously tested at 1.51 and 1.56 It will be good
if it can cover the gap at 1.38-1.39 before any further
upside.
Market looks pretty weak at the moment and you
certainly can't discount further profit-taking selling.
It is not a time to take a strong stand but a good time
to evaluate the stock portfolio and look for potentials
to add into the watchlist. I am quite sure that the next
play will be on the O&M counters with interests spilling
to the Techs and Water sector.
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
region as "Stocks advanced on Wednesday as
investors put the previous day's uncertainty aside
and snapped up some of the week's biggest losers
in renewed optimism the rally remains intact.
Banks, which lost 3 percent over the past two sessions,
rebounded. The S&P 500 Financials index gained 1.4
percent and was the best performer of the S&P 500's
top 10 sectors." Dow closed up 10 points, S&P 500
added 5 points and Nasdaq rose 16 points.
Many stocks suffered a profit-taking selldown yesterday
with Genting and a few of the plantation stocks dropping.
Some readers commented that I talk down Genting in
Skype which is so funny to me. I don't have the power
and ability to talk Genting down, it is purely market action
that is, the profit-taking that caused it to fall.
Is Genting's surge over for now?
This is a million dollar question that I wish I can answer
with confidence, but too bad I can't. Genting will have
strong support at yesterday day-low of 2.22 followed
by even stronger force at 2.18 Further upside will
be tested by yesterday day-high 2.34 I would prefer it
to test the low before any reversal in buying force.
First Resources continued to surge through the roof
but I believe the upside is limited now and it will
be vigorously tested at 1.51 and 1.56 It will be good
if it can cover the gap at 1.38-1.39 before any further
upside.
Market looks pretty weak at the moment and you
certainly can't discount further profit-taking selling.
It is not a time to take a strong stand but a good time
to evaluate the stock portfolio and look for potentials
to add into the watchlist. I am quite sure that the next
play will be on the O&M counters with interests spilling
to the Techs and Water sector.
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, November 10, 2010
Market View 10 November 2010
"Wall Street fell for a second day on Tuesday
as selling accelerated into the close, led by sharp
losses in bank and metal stocks."
Dow dropped 60 points, S&P 500 fell 10 points
and Nasdaq lost 17 points.
STI continued to surge higher despite falls in
regional market and it will be a challenge for
it to record further gain although it is at a
52-week high. Although the index is surging,
not all the stocks are enjoying the succulent fruits.
I received emails from readers asking me why the
stocks that they bought did not move while other
stocks move wildly. This is a very common
occurrence and have been discussed a few times.
If you are in a fair-unknown penny, then you
really need to wait for someone to uncover and
discover its potential before it has the chance to sparkle.
For myself, I stick to stocks that I know will surely
have liquidity and volatility everyday, by hood or by crook.
I also participate in rotational interest play like the
recent palm plantation stocks surge, and the returns
are rewarding. The O&M sector look very likely
the next in play and other potential sector like
the Techs and Water are in the pipeline too.
Some readers asked whether the plantation stocks
rally is over. From what I see from the chart, it is
definitely not over but the reward/risk level is
getting lower. It has been a 20-40% price surge by
some counters and profit-taking is always
likely be such a circumstance as I also
perform the same way. Golden will face resistance
at the recent high 78cts and 81cts and support
at 74cts. First Resources will first face 1.46 resistance
then 1.51 if the momentum continues. The remaining
2 small-cap Kencana and Global Palm will really
depending on what their bigger peer is performing,
although I noticed exceptional higher volume in
Global Palm last few days.
If you notice that I have not been commenting about
Genting lately, then you are absolutely right. I have not
trade this counter recently as the rewards is not that
impressive anymore. In any correction, this counter will
be the leader leading all the falls.It may surge higher
despite all the risks but I prefer to shift the focus to
other potential and rewarding stocks.
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 selling accelerated into the close, led by sharp
losses in bank and metal stocks."
Dow dropped 60 points, S&P 500 fell 10 points
and Nasdaq lost 17 points.
STI continued to surge higher despite falls in
regional market and it will be a challenge for
it to record further gain although it is at a
52-week high. Although the index is surging,
not all the stocks are enjoying the succulent fruits.
I received emails from readers asking me why the
stocks that they bought did not move while other
stocks move wildly. This is a very common
occurrence and have been discussed a few times.
If you are in a fair-unknown penny, then you
really need to wait for someone to uncover and
discover its potential before it has the chance to sparkle.
For myself, I stick to stocks that I know will surely
have liquidity and volatility everyday, by hood or by crook.
I also participate in rotational interest play like the
recent palm plantation stocks surge, and the returns
are rewarding. The O&M sector look very likely
the next in play and other potential sector like
the Techs and Water are in the pipeline too.
Some readers asked whether the plantation stocks
rally is over. From what I see from the chart, it is
definitely not over but the reward/risk level is
getting lower. It has been a 20-40% price surge by
some counters and profit-taking is always
likely be such a circumstance as I also
perform the same way. Golden will face resistance
at the recent high 78cts and 81cts and support
at 74cts. First Resources will first face 1.46 resistance
then 1.51 if the momentum continues. The remaining
2 small-cap Kencana and Global Palm will really
depending on what their bigger peer is performing,
although I noticed exceptional higher volume in
Global Palm last few days.
If you notice that I have not been commenting about
Genting lately, then you are absolutely right. I have not
trade this counter recently as the rewards is not that
impressive anymore. In any correction, this counter will
be the leader leading all the falls.It may surge higher
despite all the risks but I prefer to shift the focus to
other potential and rewarding stocks.
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 9, 2010
Market View 9 November 2010
"Wall Street retreated from a two-year high
on Monday, weighed down by financial stocks
and a stronger dollar." Dow lost 37 points,
S&P 500 lost 3 points while Nasdaq advanced
1 point.
STI surged high yesterday with the index closed
at 3300.40 up 60 points. I expect a catch-up from
the index after missing out on last Thursday and
Friday's rally from regional market, but the scale
of the rally still quite surprised me.
Anyway, putting the index aside, if you expect that
the pennies and mid-caps will all follow the STI
in the surge, then you are wrong.
I mentioned that only selected stocks will have
a run-up and indeed that was the case. The plantation
stocks ran wild, and we have Golden Agri at 78cts
up 8cts, First Resources gained 6cts, and even the
much smaller caps of Kencana and Global Palm also
enjoy the bits-and-pieces of the surge. Will they continue
to reap reward for their followers? Golden Agri will
face strong resistance at 81cts and will have support
at 74cts. First Resources will be capped at $1.45
and supported at $1.39 The remaining 2 small-caps
will follow their big brother up and down.
After a strong surge yesterday, it is looking like we
will have a decent consolidation today or this week
to flush out the weaker players and holders.
Expect profit-taking to surface and be prepared to
take profits along the way. In my previous blog entries,
I expect Golden Agri to hit my target of 74cts when it
was still in the 60s, and I took partial profits at that
price while saving the rest to see how high it can go.
It had been a good ride for me with Golden Agri
and the rest of the plantation stocks, but profit-taking
will only justify the real purpose of stock trading.
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 received numerous emails and skype message on having
a conference group on Skype so that we can have a group
chat together. I am having a poll for this proposal to see the
responses from the readers then decide on the outcome.
on Monday, weighed down by financial stocks
and a stronger dollar." Dow lost 37 points,
S&P 500 lost 3 points while Nasdaq advanced
1 point.
STI surged high yesterday with the index closed
at 3300.40 up 60 points. I expect a catch-up from
the index after missing out on last Thursday and
Friday's rally from regional market, but the scale
of the rally still quite surprised me.
Anyway, putting the index aside, if you expect that
the pennies and mid-caps will all follow the STI
in the surge, then you are wrong.
I mentioned that only selected stocks will have
a run-up and indeed that was the case. The plantation
stocks ran wild, and we have Golden Agri at 78cts
up 8cts, First Resources gained 6cts, and even the
much smaller caps of Kencana and Global Palm also
enjoy the bits-and-pieces of the surge. Will they continue
to reap reward for their followers? Golden Agri will
face strong resistance at 81cts and will have support
at 74cts. First Resources will be capped at $1.45
and supported at $1.39 The remaining 2 small-caps
will follow their big brother up and down.
After a strong surge yesterday, it is looking like we
will have a decent consolidation today or this week
to flush out the weaker players and holders.
Expect profit-taking to surface and be prepared to
take profits along the way. In my previous blog entries,
I expect Golden Agri to hit my target of 74cts when it
was still in the 60s, and I took partial profits at that
price while saving the rest to see how high it can go.
It had been a good ride for me with Golden Agri
and the rest of the plantation stocks, but profit-taking
will only justify the real purpose of stock trading.
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 received numerous emails and skype message on having
a conference group on Skype so that we can have a group
chat together. I am having a poll for this proposal to see the
responses from the readers then decide on the outcome.
Monday, November 8, 2010
Market View 8 November 2010
After a long-weekend holiday last week, we are
back to trading today on a strong back-wind
which should provide a rewarding and profitable
trading week.
You must have read about the news on the Fed's
600 Billion bond-buying plan and the positive US
job data last week, and wonder what is the impact
on out local market? Regional market and US
rallied on Thursday night and Friday while we
were on holiday, and it is expect that we will be
playing catch-up today. With so much liquidity in
the market, it will be good in the short-term as
all these $$ need to go to somewhere or maybe
even park at some good potential companies.
Expect to see selected stocks having a run-up, like
the plantation stocks and the punters/traders favourite
stocks like Genting.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
back to trading today on a strong back-wind
which should provide a rewarding and profitable
trading week.
You must have read about the news on the Fed's
600 Billion bond-buying plan and the positive US
job data last week, and wonder what is the impact
on out local market? Regional market and US
rallied on Thursday night and Friday while we
were on holiday, and it is expect that we will be
playing catch-up today. With so much liquidity in
the market, it will be good in the short-term as
all these $$ need to go to somewhere or maybe
even park at some good potential companies.
Expect to see selected stocks having a run-up, like
the plantation stocks and the punters/traders favourite
stocks like Genting.
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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