Wall Street ended higher as "U.S. stocks ended
higher Thursday after fresh U.S. economic reports
fueled optimism and shipping giant FedEx Corp.
offered a brighter forecast." Dow gained 42 points,
S&P 500 added 8 points and Nasdaq advanced 20 points.
Quite a handful of stocks dropped below their support
level yesterday and it will be interesting to see whether
they can re-test it today or next week. Somehow I believe
that the last few trading week of the year is going to be
that quiet as portrayed by the newspapers or some analysts.
It is going to be exciting throughout and not as boring as
expected.
Recent IPOs are likely continue to be chased after but one
really need to see what you are getting into. It is just purely
rotational play and when the music stops, we will see who
is the last one holding the baby. For the winner stocks that I
kept mentioning, Golden Agri dropped below the 77cts support
level to close at 76.5cts. It is going to be re-test that level and
if selling continues, the next meaningful support will be at 73cts.
Genting slided to close at 2.09 below the 2.10 support level and
the same as Golden Agri, it will definitely re-test the level again.
The next support level will be at 2.04
From what I can see, many retailers and traders alike may have
been stuck at high level of certain stocks. If and when the
selling worsen, it will triggered a more "exciting" selloff and
I believe it is a good time to pick up some Christmas bargains
when available.
It is going to be a quiet session today looking at the lack
of push-factor. If you don't want to participate in the market,
then take a early break and head to the Bookfest 2010.
From the feedback that I got from associates and friends,
there are quite a selection and variety of books from multiple
publishers, so head to there if you don't want anything to do
with Mr Market today.
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 17, 2010
Thursday, December 16, 2010
Market View 16 December 2010
Wall Street ended in the red on late market sell-off as
"U.S. stocks ended lower Wednesday after inflationary
concerns voiced in the bond market helped put a halt to
the S&P 500 Index’s six straight sessions of gains."
Dow lost 19 points, S&P 500 down 6 points and
Nasdaq lost 10 points.
Yesterday afternoon after the lunch break, stocks started
to fall and the pool of reds appeared in many watchlist.
I received inquiries about the reason to the sell-off to
which I replied as normal profit-taking by the funds
and/or traders who have gained from the recent gains
in many stocks. Later, it will revealed that the selling
got something to do with the China policy. I still view
this as a profit-taking and any news now just act as
a catalyst to any selling.
Genting fell to day-low 2.11 and managed to close at
2.13 still way below the 2.18 resistance level. It need to
be able to hold above 2.10 for any upward surge to test
the resistance level again or face the selling toward to the
2.05 level next. Golden Agri closed at the support/resistance
level of 77cts exactly and it will be interesting to see which
way it will now move. I believe it will have heavy downside
selling and will be supported next by 73cts.
A rather interesting stock is Sound Global as it closed in the
green while other were bleeding. I like such a stock and
will pay great attention to it if it continue to surge although
the odds are stack against it in such a market condition now.
First Resources will have support at 1.44 and should this
level be breached, the next support will be 1.40 but I have
a feeling that I won't see such level.
Expect a volatile session with market trending in both
direction waiting to settle down and proceed with the
year-end rally in my opinion.
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
"U.S. stocks ended lower Wednesday after inflationary
concerns voiced in the bond market helped put a halt to
the S&P 500 Index’s six straight sessions of gains."
Dow lost 19 points, S&P 500 down 6 points and
Nasdaq lost 10 points.
Yesterday afternoon after the lunch break, stocks started
to fall and the pool of reds appeared in many watchlist.
I received inquiries about the reason to the sell-off to
which I replied as normal profit-taking by the funds
and/or traders who have gained from the recent gains
in many stocks. Later, it will revealed that the selling
got something to do with the China policy. I still view
this as a profit-taking and any news now just act as
a catalyst to any selling.
Genting fell to day-low 2.11 and managed to close at
2.13 still way below the 2.18 resistance level. It need to
be able to hold above 2.10 for any upward surge to test
the resistance level again or face the selling toward to the
2.05 level next. Golden Agri closed at the support/resistance
level of 77cts exactly and it will be interesting to see which
way it will now move. I believe it will have heavy downside
selling and will be supported next by 73cts.
A rather interesting stock is Sound Global as it closed in the
green while other were bleeding. I like such a stock and
will pay great attention to it if it continue to surge although
the odds are stack against it in such a market condition now.
First Resources will have support at 1.44 and should this
level be breached, the next support will be 1.40 but I have
a feeling that I won't see such level.
Expect a volatile session with market trending in both
direction waiting to settle down and proceed with the
year-end rally in my opinion.
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 15, 2010
Market View 15 December 2010
Wall Street advanced in overnight trade as
"The Dow Jones Industrial Average closed at its
highest level since September 2008, lifted by better
than expected retail sales in November, but a dim
view of the pace of the economy's recovery from
the Federal Reserve led stocks to pare gains in the
final hour of trading." Dow advanced 48 points, S&P
500 gained 1 points and Nasdaq added 3 points.
It seems like the Santa Rally has started with the
pennies already but not the Blues yet. STI fell 5 points
yesterday but if you look at the Top Volume counters,
it was crowded with pennies on the run-up and recent IPOs.
Stocks like Sinotel having a delayed reaction to the news
days ago, and of course, the usual permanent resident
stocks like Genting and Golden Agri.
Genting is below the important 2.18 resistance again and
while I still believe it will be moving up, it is also good to
take a break for the time being. It may move sideways
and consolidate but the 2.18 will be tested again and again
with upward target seen initially at 2.26
Golden Agri hit 80cts yesterday but closed at 79cts up 1.5cts.
It also briefly stay on the support level of 77cts and proceed
to move up. I am with the idea that it will be in 80s with
82cts the nearest resistance and further upside can be seen
till 87cts level. All these targets are valid IF it stay above the
77cts support level.
Ezion and Swiber did not perform yesterday while Sound Global
added 1 cts at 83cts. Sound Global will be a changed-stock once
it surge pass the 83.5cts resistance level.
Yesterday morning, when Sinotel has just started the move, I told
a member at Skype that its target for this surge will be around
37-38cts region. It hit 37cts day-high and closed at 36.5cts. The region
will be tested again and the next resistance will be at 40cts if it
is broken through. A few readers asked for more stocks to look-out
for and have the potential to move on. From what I can see
in my watchlist, I believe that SinoGrandness and United Envirotech
is worth a good look.
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
"The Dow Jones Industrial Average closed at its
highest level since September 2008, lifted by better
than expected retail sales in November, but a dim
view of the pace of the economy's recovery from
the Federal Reserve led stocks to pare gains in the
final hour of trading." Dow advanced 48 points, S&P
500 gained 1 points and Nasdaq added 3 points.
It seems like the Santa Rally has started with the
pennies already but not the Blues yet. STI fell 5 points
yesterday but if you look at the Top Volume counters,
it was crowded with pennies on the run-up and recent IPOs.
Stocks like Sinotel having a delayed reaction to the news
days ago, and of course, the usual permanent resident
stocks like Genting and Golden Agri.
Genting is below the important 2.18 resistance again and
while I still believe it will be moving up, it is also good to
take a break for the time being. It may move sideways
and consolidate but the 2.18 will be tested again and again
with upward target seen initially at 2.26
Golden Agri hit 80cts yesterday but closed at 79cts up 1.5cts.
It also briefly stay on the support level of 77cts and proceed
to move up. I am with the idea that it will be in 80s with
82cts the nearest resistance and further upside can be seen
till 87cts level. All these targets are valid IF it stay above the
77cts support level.
Ezion and Swiber did not perform yesterday while Sound Global
added 1 cts at 83cts. Sound Global will be a changed-stock once
it surge pass the 83.5cts resistance level.
Yesterday morning, when Sinotel has just started the move, I told
a member at Skype that its target for this surge will be around
37-38cts region. It hit 37cts day-high and closed at 36.5cts. The region
will be tested again and the next resistance will be at 40cts if it
is broken through. A few readers asked for more stocks to look-out
for and have the potential to move on. From what I can see
in my watchlist, I believe that SinoGrandness and United Envirotech
is worth a good look.
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, December 14, 2010
Market View 14 December 2010
Wall Street closed mixed in overnight trade after
"Nasdaq closed lower to end eight straight days of gains
on Monday as some large-cap tech stocks slid in a late-day
sell-off.The Dow cut its gains and the S&P 500 ended a
thinly traded session flat as optimism faded over China's move
to tame its growth, and as some technical indicators suggested
a near-term pullback could be in the cards" Dow gained 18
points, S&P 500 added a mere 0.06 points and Nasdaq
lost 13 points.
If you have been watching the Top Volume stocks recently,
you should noticed that the recent IPOs are in play.
Stocks like Mewah, Amtek, STXOSV and even XinRen
helped by broker call and/or fundamental news surged
high in the last few trading days. I can only say that
it is a normal practice and this is just a rotational interest
switching around but watch out for the fundamental of
the company if you are putting money and investing in
the mentioned companies.
Many stocks are hovering around important support/resistance
level based on yesterday closing figures. Genting is below the
2.18 level but it is likely to test it again and again and make
a move toward the 2.20s. The next significant support level
will be at 2.11 Golden Agri and First Resources are just one
bid on top of their respective support level of 1.51 and 77cts.
Their trend is not over yet but the momentum are weaken
at the moment.
Ezion and Swiber are still performing reasonably although it
can be much better if you are in the stocks like myself.
Ezion's resistance of 74cts is just a stone-throw away and
it is likely to be able to test it. Take note of Sound Global
if it can surge pass the 83cts resistance again.
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
"Nasdaq closed lower to end eight straight days of gains
on Monday as some large-cap tech stocks slid in a late-day
sell-off.The Dow cut its gains and the S&P 500 ended a
thinly traded session flat as optimism faded over China's move
to tame its growth, and as some technical indicators suggested
a near-term pullback could be in the cards" Dow gained 18
points, S&P 500 added a mere 0.06 points and Nasdaq
lost 13 points.
If you have been watching the Top Volume stocks recently,
you should noticed that the recent IPOs are in play.
Stocks like Mewah, Amtek, STXOSV and even XinRen
helped by broker call and/or fundamental news surged
high in the last few trading days. I can only say that
it is a normal practice and this is just a rotational interest
switching around but watch out for the fundamental of
the company if you are putting money and investing in
the mentioned companies.
Many stocks are hovering around important support/resistance
level based on yesterday closing figures. Genting is below the
2.18 level but it is likely to test it again and again and make
a move toward the 2.20s. The next significant support level
will be at 2.11 Golden Agri and First Resources are just one
bid on top of their respective support level of 1.51 and 77cts.
Their trend is not over yet but the momentum are weaken
at the moment.
Ezion and Swiber are still performing reasonably although it
can be much better if you are in the stocks like myself.
Ezion's resistance of 74cts is just a stone-throw away and
it is likely to be able to test it. Take note of Sound Global
if it can surge pass the 83cts resistance again.
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, December 13, 2010
Market View 13 December 2010
Another fresh trading week with lots of action
to look forward. As we approach the year-end,
there are people who are looking for the Santa
rally, year-end rally (Capricorn rally) but are
we going to get it this year.
Seriously, I see no strong reason why we are not
going to see one in the following weeks. Unless
some unforeseen and drastic measures from the US
or China government come through, the market
situation is going to be bright although low volume
throughout. The focus will be on SOME stocks and
not ALL of the stocks as you can see from the
expected trading volumes.
Genting will be a hotly-tracked and pursued stocks for
many years to come. It closed below the 2.18 resistance
last Friday at 2.17 Further upside will be seen at 2.16
with the next support level at 2.11
The palm oil counters will continue to be in the limelight
and I expect Golden Agri to test for the 80s if its 77cts
support/resistance level is maintained. Follow the leaders
like Indo Agri, Golden Agri and First Resources and not the
followers like Kencana and Global Palm although the laggards
may get a re-valuation if the leaders are surging through the roof.
Last week's recommendation of Ezion and Swiber are still
good and valid but Sound Global did not make the move
as expected. Ezion will face the resistance at 74cts and Swiber
will see it at 1.06
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
to look forward. As we approach the year-end,
there are people who are looking for the Santa
rally, year-end rally (Capricorn rally) but are
we going to get it this year.
Seriously, I see no strong reason why we are not
going to see one in the following weeks. Unless
some unforeseen and drastic measures from the US
or China government come through, the market
situation is going to be bright although low volume
throughout. The focus will be on SOME stocks and
not ALL of the stocks as you can see from the
expected trading volumes.
Genting will be a hotly-tracked and pursued stocks for
many years to come. It closed below the 2.18 resistance
last Friday at 2.17 Further upside will be seen at 2.16
with the next support level at 2.11
The palm oil counters will continue to be in the limelight
and I expect Golden Agri to test for the 80s if its 77cts
support/resistance level is maintained. Follow the leaders
like Indo Agri, Golden Agri and First Resources and not the
followers like Kencana and Global Palm although the laggards
may get a re-valuation if the leaders are surging through the roof.
Last week's recommendation of Ezion and Swiber are still
good and valid but Sound Global did not make the move
as expected. Ezion will face the resistance at 74cts and Swiber
will see it at 1.06
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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