Wall Street continued to be in the green as "Stocks
rallied for a second straight day Thursday, with
assurances of support from the European Central
Bank helping ease investor concerns over the region’s
debt, while upbeat U.S. reports on retail and home sales
lifted investor sentiment."
Dow gained 107 points, S&P 500 added 15 points
and Nasdaq advanced 30 points.
Yesterday, many stocks never performed as well
as expected and a handful of them even closed
in the red. With US indexes surging again for the
2nd day, we shall see whether the resistance can be
broken again.
Genting continue to have 2.04 as a good resistance/support
level and any surge will be likely capped at 2.11 initially
before any more meaningful surges. GLP's 2.25 resistance
were broken temporarily yesterday but it reversed and
closed at 2.24 It will test it again and with next 2.32 in sight
when broken convincingly.
The palm oil plantation stocks is still performing well and
I have a few readers gaining and profiting from their
moves lately. I simply like to follow the winner stocks till
the trend ended and nothing done before so. The trick of
adding on position to winner stocks is one that the retailers
need to add to their trading strategy to near-maximum profit
from the surging stocks.
Today is Friday, so history may repeat itself and stocks
may not close as strong as the opening due to sellings
before the weekend. That is what I will do as well if you ask me.
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, December 3, 2010
Thursday, December 2, 2010
Market View 2 December 2010
Wall Street rallied in overnight trade as the major
indexes posted the biggest gain in 3 months
Dow surged 250 points, S&P 500 gained 26 points
and Nasdaq advanced 51 points.
Stock will definitely open higher today but the question
is will it last till the end of the trading day?
I have my doubt whether it will be this way today but
for those Hot stocks, they will. Plantation stocks performed
very well even during last few days, so expect the momentum
to continue with Golden Agri and First Resources leading
the pack of Kencana and Global Palm. Recent IPO Mewah
is expected to have to hit bottom at 89cts and should be heading
toward initial resistance at 96cts and above the $1 mark when broken.
Genting will almost definitely surge pass the 2.04 resistance
today but how high can it go today? I am thinking that
the next 2.11 resistance is a strong one and its movement
will be capped for the time being. I mentioned yesterday that
I will be VERY interested with GLP if it break the 2.25 resistance
and I am still VERY interested today.
Take note that the bullish market sentiment may not last for
the whole day and it will be wise to implement a trailing stop
in case of any change to the wind direction.
If you want to ask me whether the year-end rally has started,
I have to keep my mouth shut now and let Mr Market do all
the talking.
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
indexes posted the biggest gain in 3 months
Dow surged 250 points, S&P 500 gained 26 points
and Nasdaq advanced 51 points.
Stock will definitely open higher today but the question
is will it last till the end of the trading day?
I have my doubt whether it will be this way today but
for those Hot stocks, they will. Plantation stocks performed
very well even during last few days, so expect the momentum
to continue with Golden Agri and First Resources leading
the pack of Kencana and Global Palm. Recent IPO Mewah
is expected to have to hit bottom at 89cts and should be heading
toward initial resistance at 96cts and above the $1 mark when broken.
Genting will almost definitely surge pass the 2.04 resistance
today but how high can it go today? I am thinking that
the next 2.11 resistance is a strong one and its movement
will be capped for the time being. I mentioned yesterday that
I will be VERY interested with GLP if it break the 2.25 resistance
and I am still VERY interested today.
Take note that the bullish market sentiment may not last for
the whole day and it will be wise to implement a trailing stop
in case of any change to the wind direction.
If you want to ask me whether the year-end rally has started,
I have to keep my mouth shut now and let Mr Market do all
the talking.
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, December 1, 2010
Market View 1December 2010
Wall Street closed in the red again as "worries over
European sovereign debt overshadowed some better
U.S. economic data." Dow lost 46 points, S&P 500
fell 7 points and Nasdaq lost 27 points.
Today is the first trading day of December, the last
trading month of the year. A few readers have been asking
whether I foresee a year-end rally, or Capricorn effect (rally)
as it was called. The market had went up pretty nicely this
year but I still believe we will see one coming in the
coming weeks although the scale may not be that powerful.
If the Euro PIGS crisis worsen and/or the mad old man
in North Korea trying to tell the world that he is alive
by showing what he has in his military arsenal, then it will
derail any decent incoming rally. Nonetheless, we should
still have a presentable year-end window-dressing, in my opinion.
Genting is currently being caught in a trading range of 1.97-2.04
and any breakout of either side will push it to the recent high and
low. Next support at 1.90 and resistance at 2.11
GLP, as expected in blog yesterday, hit the 2.25 resistance head-on
and reversed to close 2.22 I will be VERY interested if it surge
pass the resistance again. Next support at 2.19
The plantation stocks never really moved much yesterday
but I don't see their trend dropping either. Refer to my previous
posts for their resistance and support level.
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
European sovereign debt overshadowed some better
U.S. economic data." Dow lost 46 points, S&P 500
fell 7 points and Nasdaq lost 27 points.
Today is the first trading day of December, the last
trading month of the year. A few readers have been asking
whether I foresee a year-end rally, or Capricorn effect (rally)
as it was called. The market had went up pretty nicely this
year but I still believe we will see one coming in the
coming weeks although the scale may not be that powerful.
If the Euro PIGS crisis worsen and/or the mad old man
in North Korea trying to tell the world that he is alive
by showing what he has in his military arsenal, then it will
derail any decent incoming rally. Nonetheless, we should
still have a presentable year-end window-dressing, in my opinion.
Genting is currently being caught in a trading range of 1.97-2.04
and any breakout of either side will push it to the recent high and
low. Next support at 1.90 and resistance at 2.11
GLP, as expected in blog yesterday, hit the 2.25 resistance head-on
and reversed to close 2.22 I will be VERY interested if it surge
pass the resistance again. Next support at 2.19
The plantation stocks never really moved much yesterday
but I don't see their trend dropping either. Refer to my previous
posts for their resistance and support level.
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 30, 2010
Market View 30 November 2010
Wall Street ended in the red as "strong weekend retail
sales failed to offset concerns over the European economy
following Ireland's multibillion-dollar bailout."
Dow lost 40 points, S&P 500 fell 1.6 points and
Nasdaq lost 9 points.
I was back in Singapore looking at the market in the
afternoon yesterday, and from what I saw, I was
expecting a mini-rally for today. Many stocks managed
to rebound from the day-low and near-to or closed at
day-high. The plantation stocks especially show a strong
performance and we have Indoagri and First Resources
closing the green, while Golden Agri and Kencana were
neutral and Global Palm the only counters in the red.
The plantation counters are still bullish in my view,
and any market revival will be lead by them and
others like Genting and GLP. First Resources will face
resistance at 1.45 and supported at 1.38
Golden Agri will face resistance at 78cts and will be
supported at 70cts in my view. This is to the reader,
Harry, who emailed me yesterday: You got the stock
at a good price, and you should be pretty safe with a
trailing stop, and ride up the stock to the resistance
level. If you should desire, you can seek to add
position of the stock, as that is really how you will make
big $ in stock trading.
Genting continues to have 2.04 as a resistance and
the next one will be at 2.10. It will be supported at
1.97 level. GLP reported an impressive result yesterday,
and its stock may have some activity today.
Last week, numerous brokerage house started stock
coverage on the stock with Buy and Outperform calls,
but its stock price were dragged down by weak market
sentiment. Now that it has a good fundamental news backing
the stock, it is interesting to see whether the price has
factored in the news already or the stock will do
a price discovery today. It will face initial resistance at
2.25 and then it is 2.32 next. Support will be at 2.19
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
sales failed to offset concerns over the European economy
following Ireland's multibillion-dollar bailout."
Dow lost 40 points, S&P 500 fell 1.6 points and
Nasdaq lost 9 points.
I was back in Singapore looking at the market in the
afternoon yesterday, and from what I saw, I was
expecting a mini-rally for today. Many stocks managed
to rebound from the day-low and near-to or closed at
day-high. The plantation stocks especially show a strong
performance and we have Indoagri and First Resources
closing the green, while Golden Agri and Kencana were
neutral and Global Palm the only counters in the red.
The plantation counters are still bullish in my view,
and any market revival will be lead by them and
others like Genting and GLP. First Resources will face
resistance at 1.45 and supported at 1.38
Golden Agri will face resistance at 78cts and will be
supported at 70cts in my view. This is to the reader,
Harry, who emailed me yesterday: You got the stock
at a good price, and you should be pretty safe with a
trailing stop, and ride up the stock to the resistance
level. If you should desire, you can seek to add
position of the stock, as that is really how you will make
big $ in stock trading.
Genting continues to have 2.04 as a resistance and
the next one will be at 2.10. It will be supported at
1.97 level. GLP reported an impressive result yesterday,
and its stock may have some activity today.
Last week, numerous brokerage house started stock
coverage on the stock with Buy and Outperform calls,
but its stock price were dragged down by weak market
sentiment. Now that it has a good fundamental news backing
the stock, it is interesting to see whether the price has
factored in the news already or the stock will do
a price discovery today. It will face initial resistance at
2.25 and then it is 2.32 next. Support will be at 2.19
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 29, 2010
No Market View for today
I have to settle some personal matters across
the causeway so can only rush back this morning
therefore unable to provide a Market View today.
It will be resumed tomorrow.
Sorry for any inconvenience caused.
the causeway so can only rush back this morning
therefore unable to provide a Market View today.
It will be resumed tomorrow.
Sorry for any inconvenience caused.
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