Wall Street closed mixed in overnight trade as
"Stocks slipped on Thursday as soft retail sales and
a sharp rise in the dollar left investors edgy a day before
December's U.S. employment report. Given a rise of
about 8 percent in the S&P 500 since the start of December,
investors could be looking for an excuse to sell stocks if the jobs
report falls short of forecasts that were raised after Wednesday's
strong private-sector payroll report."
Dow lost 26 points, S&P 500 down 3 points but Nasday
advanced 8 points.
The pennies and mid-caps continued the New Year rally
yesterday and many stocks came to life after a short
break. Some readers asked me on Skype on some
stocks that I really never tracked as they are the so-called
seasonal or news-sensitive stock which just spur to life and got
into the Top Volume or suddenly had some volume and
liquidity in the stock. I still prefer to stick to the stocks
that I know better. I know their chart pattern well, I know
its movement well, those are the stocks that I keep following
and mentioning in the blog. You can still ask me about the
relatively unknown stocks but I may not be able to give you
a good answer and can only provide you with what I see
purely from the chart.
Genting moved in a tight range yesterday and closed at 2.22
up 3 cts. It is moving in the range of 2.18-2.25 now and I
am still relatively bullish on it breaking the upside range with
next target at 2.33
GLP was mentioned by me that I will look at it pass 2.19 so
it is on my close-watch radar now. Take note of the 2.15 support
level if you are setting a trailing stop.
3 days ago, I stated in the blog that " 1. SinoGrandness (I see a
cup-with-handle pattern forming)", and indeed it broke out
yesterday and break the recent high of 44.5cts and look set
to test the historical high of 48.5cts. The broken resistance
of 44.5cts will now be a strong support for the stock which
is also a good sign of where the stock will be heading should
it breaches the support.
I still have readers asking me what are the tech stocks that
are worth a look-up. On 22 December blog, I gave a list of
"Techs stocks like Hi-P, Broadway, Sinotel, ECS, Trek, Innotek
and UMS." It is not an exhaustive list as I saw that Bright World
surged 5cts yesterday. I will give a more detailed list during
my market analysis.
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, January 7, 2011
Thursday, January 6, 2011
Market View 6 January 2011
Wall Street advanced in overnight trade as "The creation
of three times as many private-sector jobs as expected
turned Wall Street's early losses into gains on Wednesday,
extending a rally investors worried had come too far too fast."
Dow up 32 points, S&P 500 added 6 points and Nasdaq
rose 21 points.
Many pennies and mid-caps continued their slide yesterday
on profit-taking to the new year rally. We have Genting falling
to close at 2.19 just a single bid from its important support
level of 2.18 Will the support holds? I believe that it will be
tested and should hold even if intra-day action may fall below it.
Some readers asked me about GLP which surged yesterday
on fundamental news. I like the stock as a long-term holding
but for trading purpose, I will only look at it pass 2.19
For the palm oil counters, it seems that it has fallen out
of favour for the mid-caps like Golden Agri and First Resources
and the focus is now on the much smaller counters like
Global Palm. I mentioned "For those who prefer the laggard,
there are Kencana and Global Palm to choose but I like Global
Palm based on what I see on the chart." 2 days ago in the blog
and Global Palm broke out yesterday although it was initial
coverage by a brokerage with a target price of 51cts. I got the
signal from the chart and not from any insider news whatsoever.
It will face strong resistance next at 44.5cts which is the historical
high for the stock, but with good play behind, it may even stage
a new 52-week high in the making.
Golden Agri will have good support at 78cts and First Resources
will have support around 1.51
A reader asked about the support and resistance of Sinotel and
SinoGrandness. For Sinotel, it will have good support at 33cts
and further upside will be tested at 40cts. SinoGrandness will
see support at at 41cts and resistance is at recent high 44.5cts
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 will start emailing out the brokerage reports this 2 days and
if you did not receive them by this weekend, inform me.
If you still wanted to be in the mailing list, email or skype me.
of three times as many private-sector jobs as expected
turned Wall Street's early losses into gains on Wednesday,
extending a rally investors worried had come too far too fast."
Dow up 32 points, S&P 500 added 6 points and Nasdaq
rose 21 points.
Many pennies and mid-caps continued their slide yesterday
on profit-taking to the new year rally. We have Genting falling
to close at 2.19 just a single bid from its important support
level of 2.18 Will the support holds? I believe that it will be
tested and should hold even if intra-day action may fall below it.
Some readers asked me about GLP which surged yesterday
on fundamental news. I like the stock as a long-term holding
but for trading purpose, I will only look at it pass 2.19
For the palm oil counters, it seems that it has fallen out
of favour for the mid-caps like Golden Agri and First Resources
and the focus is now on the much smaller counters like
Global Palm. I mentioned "For those who prefer the laggard,
there are Kencana and Global Palm to choose but I like Global
Palm based on what I see on the chart." 2 days ago in the blog
and Global Palm broke out yesterday although it was initial
coverage by a brokerage with a target price of 51cts. I got the
signal from the chart and not from any insider news whatsoever.
It will face strong resistance next at 44.5cts which is the historical
high for the stock, but with good play behind, it may even stage
a new 52-week high in the making.
Golden Agri will have good support at 78cts and First Resources
will have support around 1.51
A reader asked about the support and resistance of Sinotel and
SinoGrandness. For Sinotel, it will have good support at 33cts
and further upside will be tested at 40cts. SinoGrandness will
see support at at 41cts and resistance is at recent high 44.5cts
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 will start emailing out the brokerage reports this 2 days and
if you did not receive them by this weekend, inform me.
If you still wanted to be in the mailing list, email or skype me.
Wednesday, January 5, 2011
Market View 5 January 2011
Wall Street closed mixed on the 2nd trading day of
the New Year as "Commodity prices fell sharply on
Tuesday as investors took advantage of record high
prices to take profits, a move accelerated by a rally
in the U.S. dollar. Wall Street also pulled back after a
strong December boosted equities to two-year highs,
with consumer and energy stocks weaker."
Dow up 20 points, S&P 500 lost 2 points and
Nasdaq dropped 10 points.
The pennies and mid-cap succumbed to profit-taking
yesterday as many were in red at the closing bell.
This is perfectly normal and healthy selling in my
view. I mentioned in blog yesterday that one should have
a trailing stop when trading stocks to protect against
losses and to preserve profits. I am still reasonably
bullish about the current market and expect the buying
to be back very soon.
Genting as expected hit the 2.25 resistance with force and
retreated to close at 2.23 Expect it to re-rest and re-test
the level again and eventually breaking it in due time.
Why am I so bullish about Genting? Because I believe that
history will repeat itself like what happened last year at this
stage. Anyway, the next resistance is at 2.32
The palm oil counters also took a break yesterday but I expect
them to be back in favour again. The resistance and support
level were given in previous blog postings.
Some readers asked me about those "cheaper alternatives" in
the blog yesterday which included stocks like SinoGrandness
& Sinotel... These are the stocks that I feel that will have trading
liquidity and volatility, ie, will have movement and "backing"
for it to move up. The list is not exhaustive but these are some
of the apple of the Mr Market's eye.
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 New Year as "Commodity prices fell sharply on
Tuesday as investors took advantage of record high
prices to take profits, a move accelerated by a rally
in the U.S. dollar. Wall Street also pulled back after a
strong December boosted equities to two-year highs,
with consumer and energy stocks weaker."
Dow up 20 points, S&P 500 lost 2 points and
Nasdaq dropped 10 points.
The pennies and mid-cap succumbed to profit-taking
yesterday as many were in red at the closing bell.
This is perfectly normal and healthy selling in my
view. I mentioned in blog yesterday that one should have
a trailing stop when trading stocks to protect against
losses and to preserve profits. I am still reasonably
bullish about the current market and expect the buying
to be back very soon.
Genting as expected hit the 2.25 resistance with force and
retreated to close at 2.23 Expect it to re-rest and re-test
the level again and eventually breaking it in due time.
Why am I so bullish about Genting? Because I believe that
history will repeat itself like what happened last year at this
stage. Anyway, the next resistance is at 2.32
The palm oil counters also took a break yesterday but I expect
them to be back in favour again. The resistance and support
level were given in previous blog postings.
Some readers asked me about those "cheaper alternatives" in
the blog yesterday which included stocks like SinoGrandness
& Sinotel... These are the stocks that I feel that will have trading
liquidity and volatility, ie, will have movement and "backing"
for it to move up. The list is not exhaustive but these are some
of the apple of the Mr Market's eye.
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, January 4, 2011
Market View 4 January 2011
Wall Street were in a jovial mood as "Stocks posted
strong gains of roughly 1% during 2011's first trading
session as promising manufacturing and construction
data bolstered confidence in the U.S. economy's recovery
prospects. The bullish action in equities was a strong sign
the January Effect is poised to be a factor this year, despite
double-digit percentage gains for all three major U.S. equity
indices in 2010." Dow surged 93 points, S&P 500 gained
14 points and Nasdaq advanced 39 points.
As what was mentioned earlier, our stock market started
the year with a bang with the STI gaining 46 points or 1.4%
yesterday. The mid-caps and pennies were also running wild
and I believe many readers profited from the New year rally.
Last week, I stated that I was buying and keeping stocks
over the New Year for an anticipated rally or what was
called the Capricorn effect and if you have also done so, you
should be sitting on good paper or actual profits if you have taken
them. Will the stocks continue to run high and wild?
For the moment, I don't see why the strength and momentum
will stop, but as usual, be wary for any profit-taking with the
use of a trailing stop and the enjoy the surge.
The Palm oil counters are really a good run despite them already
up considerably. First Resources added 4cts to close at 1.59 and
will face 1.60 resistance head-on and 1.63 next. Golden Agri is
in the 80s now as forecast in my blog weeks ago. The next resistance
will be encountered at 86cts. For those who prefer the laggard,
there are Kencana and Global Palm to choose but I like Global
Palm based on what I see on the chart.
Genting closed at 2.22 and will likely hit the 2.25 resistance and
2.32 next. I like what I see on the chart for stocks like Sound Global,
Ezion, Swiber and Midas. Ezion as highlighted weeks ago is a
safe stock above the 68cts support and it indeed hit 74cts yesterday
and will face resistance at 78cts.
I received emails asking for "cheaper" alternatives to the stocks
that I recommended and I have scanned the stocks and the
following are some of the stocks that I believe there is further
potentials to move up
1. SinoGrandness (I see a cup-with-handle pattern forming)
2. Sinotel (Tech stock of the year)
3. United Envirotech (The usual speculative play by the punters)
4. Li Heng (Potential multi-baggers in my view)
5. Mermaid (Re-valuation in the process)
6. Ausgroup (Previous darling of the market)
7. Yingli (China property counter)
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
strong gains of roughly 1% during 2011's first trading
session as promising manufacturing and construction
data bolstered confidence in the U.S. economy's recovery
prospects. The bullish action in equities was a strong sign
the January Effect is poised to be a factor this year, despite
double-digit percentage gains for all three major U.S. equity
indices in 2010." Dow surged 93 points, S&P 500 gained
14 points and Nasdaq advanced 39 points.
As what was mentioned earlier, our stock market started
the year with a bang with the STI gaining 46 points or 1.4%
yesterday. The mid-caps and pennies were also running wild
and I believe many readers profited from the New year rally.
Last week, I stated that I was buying and keeping stocks
over the New Year for an anticipated rally or what was
called the Capricorn effect and if you have also done so, you
should be sitting on good paper or actual profits if you have taken
them. Will the stocks continue to run high and wild?
For the moment, I don't see why the strength and momentum
will stop, but as usual, be wary for any profit-taking with the
use of a trailing stop and the enjoy the surge.
The Palm oil counters are really a good run despite them already
up considerably. First Resources added 4cts to close at 1.59 and
will face 1.60 resistance head-on and 1.63 next. Golden Agri is
in the 80s now as forecast in my blog weeks ago. The next resistance
will be encountered at 86cts. For those who prefer the laggard,
there are Kencana and Global Palm to choose but I like Global
Palm based on what I see on the chart.
Genting closed at 2.22 and will likely hit the 2.25 resistance and
2.32 next. I like what I see on the chart for stocks like Sound Global,
Ezion, Swiber and Midas. Ezion as highlighted weeks ago is a
safe stock above the 68cts support and it indeed hit 74cts yesterday
and will face resistance at 78cts.
I received emails asking for "cheaper" alternatives to the stocks
that I recommended and I have scanned the stocks and the
following are some of the stocks that I believe there is further
potentials to move up
1. SinoGrandness (I see a cup-with-handle pattern forming)
2. Sinotel (Tech stock of the year)
3. United Envirotech (The usual speculative play by the punters)
4. Li Heng (Potential multi-baggers in my view)
5. Mermaid (Re-valuation in the process)
6. Ausgroup (Previous darling of the market)
7. Yingli (China property counter)
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, January 3, 2011
Market View 3 January 2011
A New Year, A New Beginning and
Another trading day!
Now that all the celebration and feasting is
over (until the CNY), will the market finally
settle down and have another good run this year?
I believe it will be a tale of Dr Jekyll and Mr Hyde
and many things will happen this year but it should
nevertheless be a good one still. I will write more on
this in my Market Analysis for year 2010 soon.
In case you never notice, Genting can be considered
as a seasonal stock or a situational stock in view of its
movement pre and during the CNY period. I am quite
optimistic that it will have a good show in this 3-4 weeks
prior to the CNY. It should be able to move toward the
2.25 resistance with good support at 2.18 and 2.11
I am still bullish about the Commodities and the Palm
Oil counters although they have surged high last year.
They will remain as the main focus for some time as
there are enough exciting stories (demand and supply)
to fuel the interests in them. Golden Agri is in the 80s now
and 77cts will be a good support if it consolidates.
First Resources will face 1.60 resistance first and 1.64 next.
If you don't have Tech counters in your watchlist or portfolio
then it is a good time to look at them closely as they may
shine and glow this year, in my own view.
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 trading day!
Now that all the celebration and feasting is
over (until the CNY), will the market finally
settle down and have another good run this year?
I believe it will be a tale of Dr Jekyll and Mr Hyde
and many things will happen this year but it should
nevertheless be a good one still. I will write more on
this in my Market Analysis for year 2010 soon.
In case you never notice, Genting can be considered
as a seasonal stock or a situational stock in view of its
movement pre and during the CNY period. I am quite
optimistic that it will have a good show in this 3-4 weeks
prior to the CNY. It should be able to move toward the
2.25 resistance with good support at 2.18 and 2.11
I am still bullish about the Commodities and the Palm
Oil counters although they have surged high last year.
They will remain as the main focus for some time as
there are enough exciting stories (demand and supply)
to fuel the interests in them. Golden Agri is in the 80s now
and 77cts will be a good support if it consolidates.
First Resources will face 1.60 resistance first and 1.64 next.
If you don't have Tech counters in your watchlist or portfolio
then it is a good time to look at them closely as they may
shine and glow this year, in my own view.
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
Sunday, January 2, 2011
Just something on the 2nd day of New Year
I realised that I am overwhelmed by the amount of things to do
and deliver in such a short time. I simply cannot complete them
to the speed and standard I wanted so please give me another
1 week till 10 January to deliver the following:
1. Email out to the member the various brokerage reports and
analysis of Trading year 2011 with STI prediction and stocks to watch for.
(If you are not in my mailing list, email me)
2. Give a new look to the Stock Lobang blog
3. Start 2 new blog on Stock Investment and IPO
4. Write an analysis of year 2011 and giving some stock recommendations
based on my own view on the Stock Lobang blog
5. Resume the Facebook and Twitter connection to the members and readers
6. Many little things to tweak and do to the blogs and others ......
The above-mentioned things are in the work-in-process state and
I have to pick up my pace and get them done by 10 January.
In the meantime, the Market View will continue to run daily and
the Skype connection will also be always to ready to answer any
members question.
If you have anything that you wish to see in the blogs and/or
complain and improvement suggestions, just skype me or email me.
All comments, complains and suggestions will be regarded as
constructive and not like some who only like to listen to nice words.
In fact, I like to hear nasty words about my blogs and stock
recommendations then I will know what I am lacking and can
seek to enhance or improve.
Ok, consider that I am vain at times. If you have any nice and
beautiful words to say about my blog or stock recommendations,
email me, skype me or leave a comment at the blog. It is like fuel,
food and energy source to me to receive such a encouragement.
Keep the emails, skypes and blog comments coming in 2011..
and deliver in such a short time. I simply cannot complete them
to the speed and standard I wanted so please give me another
1 week till 10 January to deliver the following:
1. Email out to the member the various brokerage reports and
analysis of Trading year 2011 with STI prediction and stocks to watch for.
(If you are not in my mailing list, email me)
2. Give a new look to the Stock Lobang blog
3. Start 2 new blog on Stock Investment and IPO
4. Write an analysis of year 2011 and giving some stock recommendations
based on my own view on the Stock Lobang blog
5. Resume the Facebook and Twitter connection to the members and readers
6. Many little things to tweak and do to the blogs and others ......
The above-mentioned things are in the work-in-process state and
I have to pick up my pace and get them done by 10 January.
In the meantime, the Market View will continue to run daily and
the Skype connection will also be always to ready to answer any
members question.
If you have anything that you wish to see in the blogs and/or
complain and improvement suggestions, just skype me or email me.
All comments, complains and suggestions will be regarded as
constructive and not like some who only like to listen to nice words.
In fact, I like to hear nasty words about my blogs and stock
recommendations then I will know what I am lacking and can
seek to enhance or improve.
Ok, consider that I am vain at times. If you have any nice and
beautiful words to say about my blog or stock recommendations,
email me, skype me or leave a comment at the blog. It is like fuel,
food and energy source to me to receive such a encouragement.
Keep the emails, skypes and blog comments coming in 2011..
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