Since US is on holiday yesterday, so I will dive
into what we have on our market today.
I mentioned yesterday that "Selected stocks will be
pushed up with good volume and rewarding profits.
Expect to see Genting, GLP and Commodities and
Plantation stocks leading the way.", and it was indeed
the case.
Genting will continue to face 2.04 resistance with 2.10
the next to come if breached. Golden Agri and the rest
of the plantation stocks performed reasonably well
although the reward could have been more.
Today's sentiment maybe a rather quiet one being
Friday and lacking of clear trading catalyst. That is
precise the reason that I keep sticking to stock winners,
those that are with me for a while, as their pattern will
be captured and taken advantage of.
Regarding the Sabana Reit that a reader asked me
2 days ago, it will debut today at 2pm and not 9am.
If you got the stock from placement or public offer,
please take note.
For those who feel that they have had enough of this
week's action, there is SITEX at Singapore Expo where
you can pick up the latest gadgets. I enjoy visiting such
tech shows to see the who/what behind the tech products,
and you can gain a lot of insight from such event, if you
have an open mind of a "investor" and/or "trader",
and not plainly browsing. Just for the record, I am still with
the view that the tech stocks are likely to be the
superstar next year. I will write on this in the coming weeks.
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 26, 2010
Thursday, November 25, 2010
Market View 25 November 2010
Wall Street recovered from a low to close in the
green as "stock investors put aside worries about
swirling global problems on Wednesday, turning to
improvement in the labor market and signs consumers
are ready to open their wallets ahead of the biggest
shopping day of the year." Dow gained 151 points,
S&P 500 added 18 points and Nasdaq rose 48 points.
Do take note that US is on holiday tonight and trading'
will resume tomorrow.
When the cat is away, the mouse come out and play.
I believe it will be decent trading for the last 2 days
of the week. Selected stocks will be pushed up with
good volume and rewarding profits. Expect to see
Genting, GLP and Commodities and Plantation stocks
leading the way.
Genting closed at $2 yesterday and as what was mentioned
in blog, it will face 2.04 resistance and 2.10 next. Support
will be at 1.97 and 1.90 GLP will face resistance at 2.25
and supported at 2.17
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
green as "stock investors put aside worries about
swirling global problems on Wednesday, turning to
improvement in the labor market and signs consumers
are ready to open their wallets ahead of the biggest
shopping day of the year." Dow gained 151 points,
S&P 500 added 18 points and Nasdaq rose 48 points.
Do take note that US is on holiday tonight and trading'
will resume tomorrow.
When the cat is away, the mouse come out and play.
I believe it will be decent trading for the last 2 days
of the week. Selected stocks will be pushed up with
good volume and rewarding profits. Expect to see
Genting, GLP and Commodities and Plantation stocks
leading the way.
Genting closed at $2 yesterday and as what was mentioned
in blog, it will face 2.04 resistance and 2.10 next. Support
will be at 1.97 and 1.90 GLP will face resistance at 2.25
and supported at 2.17
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 24, 2010
Market View 24 November 2010
Wall Street slide in overnight trade as "U.S. stocks
tumbled Tuesday as investors fretted over the skirmish
between North Korea and South Korea, lingering euro-zone
debt uncertainty and the Federal Reserve downgrading its
U.S. economic projections."
Dow lost 142 points, S&P 500 dropped 17 points
and Nasdaq fell 37 points.
Yesterday, when the news of the bombardment between
the North Korea and South Korea broke out in the news,
I was thinking how long will the military confrontation lasts.
I don't believe that this will worsen into a full-scale invasion or
continual bombardment as once in a while, the North Korean
strongman just want to let the world knows that he is still
in power and alive. But because the market is already lacking
in good news and catalyst to spur up the market, any unfavourable
news or reports will be 10 times magnified and that created
the sell-off as reported in the papers. In my view, it is just
panic selling and normal profit-taking, a very standard market
practice and behaviour.
Ok, yesterday a readers left a comment asking for my view
on Sabana Reit. My view is that, it is the first Shai'ah compliant
Reit to be listed in Singapore, so it will definitely attract those
Shai'ah compliant funds and investors into putting some money
and getting the stock into their portfolio. It is also expected to be
giving out a generous attractive 8.22-8.25% yield to the investor.
If you are looking for capital gain from this counter, then the
returns may not be impressive. On the other hand, if you are
into stable and reasonable returns, then you can subscribe for the IPO.
Take note that the application will close today 6pm and not the
conventional 12pm, meaning you can even apply it after the
market closed today.
Genting fell 10cts yesterday to close at 1.95 below the support/resistance
level 1.97 It will likely be range-bound between 1.90 to 2.04
for the time being which a break at either side signify
bearish or bullish sentiment on the stock.
The plantation stocks were also badly hit but they are
likely to be stable and consolidating.
Market sentiment will stay cautious for the moment,
so look out for the stronger greens in the pool of reds.
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
tumbled Tuesday as investors fretted over the skirmish
between North Korea and South Korea, lingering euro-zone
debt uncertainty and the Federal Reserve downgrading its
U.S. economic projections."
Dow lost 142 points, S&P 500 dropped 17 points
and Nasdaq fell 37 points.
Yesterday, when the news of the bombardment between
the North Korea and South Korea broke out in the news,
I was thinking how long will the military confrontation lasts.
I don't believe that this will worsen into a full-scale invasion or
continual bombardment as once in a while, the North Korean
strongman just want to let the world knows that he is still
in power and alive. But because the market is already lacking
in good news and catalyst to spur up the market, any unfavourable
news or reports will be 10 times magnified and that created
the sell-off as reported in the papers. In my view, it is just
panic selling and normal profit-taking, a very standard market
practice and behaviour.
Ok, yesterday a readers left a comment asking for my view
on Sabana Reit. My view is that, it is the first Shai'ah compliant
Reit to be listed in Singapore, so it will definitely attract those
Shai'ah compliant funds and investors into putting some money
and getting the stock into their portfolio. It is also expected to be
giving out a generous attractive 8.22-8.25% yield to the investor.
If you are looking for capital gain from this counter, then the
returns may not be impressive. On the other hand, if you are
into stable and reasonable returns, then you can subscribe for the IPO.
Take note that the application will close today 6pm and not the
conventional 12pm, meaning you can even apply it after the
market closed today.
Genting fell 10cts yesterday to close at 1.95 below the support/resistance
level 1.97 It will likely be range-bound between 1.90 to 2.04
for the time being which a break at either side signify
bearish or bullish sentiment on the stock.
The plantation stocks were also badly hit but they are
likely to be stable and consolidating.
Market sentiment will stay cautious for the moment,
so look out for the stronger greens in the pool of reds.
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 23, 2010
Market View 23 November 2010
Wall Street closed in the mixed as "Bank shares
weighed on Wall Street on Monday as Europe's
smoldering debt crisis and fears of an insider trading
probe in the United States sapped buying interest for
most of the session." Dow lost 25 points, S&P 500
fell 2 points while Nasdaq advanced 14 points.
If you feel bored during the last couple of trading
days with the lack of trading targets, then you are
not alone. Several readers told me the same thing
and ask what can they do during such a time?
For me, I take this opportunity to do some read-up
on the brokerage reports/articles that I keep saying
wanted to read and open out more stock charts to
look for formations and patterns that meet my trading
view and strategy. You can either do the same or
just staring at the screen and waiting for something
to happen.
I actually expected some actions this week and
it is still early to say that it won't happen.
Look for the leaders in any surge, like Genting,
Golden Agri, Sound Global, GLP...
Genting is still sitting on the 2.04 support waiting
for the next move.
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
weighed on Wall Street on Monday as Europe's
smoldering debt crisis and fears of an insider trading
probe in the United States sapped buying interest for
most of the session." Dow lost 25 points, S&P 500
fell 2 points while Nasdaq advanced 14 points.
If you feel bored during the last couple of trading
days with the lack of trading targets, then you are
not alone. Several readers told me the same thing
and ask what can they do during such a time?
For me, I take this opportunity to do some read-up
on the brokerage reports/articles that I keep saying
wanted to read and open out more stock charts to
look for formations and patterns that meet my trading
view and strategy. You can either do the same or
just staring at the screen and waiting for something
to happen.
I actually expected some actions this week and
it is still early to say that it won't happen.
Look for the leaders in any surge, like Genting,
Golden Agri, Sound Global, GLP...
Genting is still sitting on the 2.04 support waiting
for the next move.
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 22, 2010
Market View 22 November 2010
We only have another 6 more weeks before this
year ends, and that means that the year-end rally
is brewing its strength in my opinion. Stock should
have better showing this week but expect all to
follow suit. The main action will be concentrated
on the selected stocks and definitely not all.
Genting is sitting on the 2.04 support/resistance level
now, and a number of readers asked me for the
"divine" view of its next move. I have to say that
at the current state, it should consolidate for a short
time before staging another surge. The pyschological
support level of $2 and 1.97 will be crucial at this time.
GLP suddenly became a high-volume stock again
last Friday, and I was asked about this from readers.
If you want to know stories, then I can tell you that
a few foreign brokerage house initial coverage with
"Buy" and "Overweight"on the stock with price target
from 2.58-2.90 This will create some play in the stock
with initial resistance at 2.26 then 2.32
I believe that the commodity and plantation stocks
will have action this week given that palm oil refiner
and reseller Mewah IPO will debut this week.
Watch for the palm oil counters, like Golden Agri,
First Resources, Kencana and Global Palm.
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
year ends, and that means that the year-end rally
is brewing its strength in my opinion. Stock should
have better showing this week but expect all to
follow suit. The main action will be concentrated
on the selected stocks and definitely not all.
Genting is sitting on the 2.04 support/resistance level
now, and a number of readers asked me for the
"divine" view of its next move. I have to say that
at the current state, it should consolidate for a short
time before staging another surge. The pyschological
support level of $2 and 1.97 will be crucial at this time.
GLP suddenly became a high-volume stock again
last Friday, and I was asked about this from readers.
If you want to know stories, then I can tell you that
a few foreign brokerage house initial coverage with
"Buy" and "Overweight"on the stock with price target
from 2.58-2.90 This will create some play in the stock
with initial resistance at 2.26 then 2.32
I believe that the commodity and plantation stocks
will have action this week given that palm oil refiner
and reseller Mewah IPO will debut this week.
Watch for the palm oil counters, like Golden Agri,
First Resources, Kencana and Global Palm.
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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