After coming back from holiday, I was
greeted with a gloomy picture in our stock
market by a few members. Fortunately,
Mr Market was kind to me and it was quite
a good run from Tuesday to Thursday with
many stocks charging up. Today is Friday,
and although Uncle Sam continued to surge
in overnight, I am not looking at a bright trading
day. Profit-taking will be the main "attraction"
of the day and it is very normal with many
sitting on decent profits on various stocks.
A few readers still asked about how Genting will
move in the coming days. I have to say again
that it is still in the 1.76-1.83 range and it is
likely to be range-bound in as many days.
I am not saying that it won't breakout either side
but I believe it to be that way in my way.
A break below the support level of 1.76 will be
disastrous again as it will likely dropped down
further to test the 1.70 support level. It is once
again in a cross-road and if any unfavourable
news, like its result or the greater economic
news disappoints, then we should see how
resilient it is against the odds.
STX OSV continues to break new height and
if you have put in money into the stock when
I strongly recommended during the 1.18-1.20
period, you are sitting on a 30% profits now.
My target is a 50% gain and that means that it
still have about 20% further upside. This is only
my personal expectation and although I am quite
bullish on the stock, I do have a trailing stop on the
counter as well. The current market sentiment
and condition is only suitable to do short-term
trades and taking profits along the way.
This is to the reader who wrote in the comment
asking for my view on Cosco : Can you either contact
me through Skype or email me for further discussion
as I can't give a detail view on the stock without
knowing your trading perspective.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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
别人笑我太疯颠，我笑别人看不穿
Nicolas Darvas Box Theory Trading Method
Investing Seminar
Timeless You
Friday, July 22, 2011
Thursday, July 21, 2011
Market View 21 July 2011
It was a pool of green yesterday and I believe
that the readers should have made some
profits. But take note that the rosy picture will
not last long and a well-placed trailing stop
will be essential to protect the profits earned.
Yesterday, I specifically mentioned that Genting
NEED to stay at or above the 1.83 level, and a
break of the level will triggered a fall to the
next support level at 1.76 Guess what, it actully
happened, and the lowest the stock went was
just a single bid apart at 1.755 A reader asked
me in the comment as to how did I do it?
I can only say that it is all from and in the chart
if only you can decipher what Mr Market is trying
to deliver in the charts. Where will the stock go now?
It will be trading in the 1.76-1.83 range for the
time being and a break of the recent low will
triggered another downfall to the psychological
level at 1.70
STX OSV also performed very well recently and
hit a day-high of 1.52 before closing at 1.49, which
is about 6-bid from the high. It should consolidate
around the region and further upside is expected
above the 1.52 level
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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
别人笑我太疯颠，我笑别人看不穿
that the readers should have made some
profits. But take note that the rosy picture will
not last long and a well-placed trailing stop
will be essential to protect the profits earned.
Yesterday, I specifically mentioned that Genting
NEED to stay at or above the 1.83 level, and a
break of the level will triggered a fall to the
next support level at 1.76 Guess what, it actully
happened, and the lowest the stock went was
just a single bid apart at 1.755 A reader asked
me in the comment as to how did I do it?
I can only say that it is all from and in the chart
if only you can decipher what Mr Market is trying
to deliver in the charts. Where will the stock go now?
It will be trading in the 1.76-1.83 range for the
time being and a break of the recent low will
triggered another downfall to the psychological
level at 1.70
STX OSV also performed very well recently and
hit a day-high of 1.52 before closing at 1.49, which
is about 6-bid from the high. It should consolidate
around the region and further upside is expected
above the 1.52 level
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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
别人笑我太疯颠，我笑别人看不穿
Wednesday, July 20, 2011
Market View 20 July 2011
In case that you are not aware, US market
surged through the roof in overnight trade.
Dow surged 1.63% or 202 points and Nasdaq
delivered an amazing 2.2% or 61 points gain
due mainly to the much-better-than-expectation
result from Apple.
Back to our market, how will we likely perform
today? We already pre-moved yesterday in
anticipation of a good night-out in US market.
Our market will open brightly but I don't believe
we will close as good as the opening.
A few members asked about the "Market Leaders"
that I mentioned yesterday. They represented the
leaders in each sector and they will be the first
to move up and down in reaction to the market
condition. For example, for the commodities,
Noble and Straits Asia will lead, and for the shipping,
Cosco and YZJ are among the leaders.
For the palm oil counters, I like to look at Indo Agri
and First Resources. The main leader stock
that I look at is Genting, which is like the market
leader for the mid-small caps. I hope that I have
answered the members' question well.
Genting is sitting on the cross-road now at 1.83
being an important support/resistance level.
It NEED to stay above this level in order to test
the next resistance at the psychological 1.90 mark.
Further downside pass the yesterday low of
1.81 will be disastrous and it will likely fall below
the 1.80 level to meet the next support at 1.76
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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
别人笑我太疯颠，我笑别人看不穿
surged through the roof in overnight trade.
Dow surged 1.63% or 202 points and Nasdaq
delivered an amazing 2.2% or 61 points gain
due mainly to the much-better-than-expectation
result from Apple.
Back to our market, how will we likely perform
today? We already pre-moved yesterday in
anticipation of a good night-out in US market.
Our market will open brightly but I don't believe
we will close as good as the opening.
A few members asked about the "Market Leaders"
that I mentioned yesterday. They represented the
leaders in each sector and they will be the first
to move up and down in reaction to the market
condition. For example, for the commodities,
Noble and Straits Asia will lead, and for the shipping,
Cosco and YZJ are among the leaders.
For the palm oil counters, I like to look at Indo Agri
and First Resources. The main leader stock
that I look at is Genting, which is like the market
leader for the mid-small caps. I hope that I have
answered the members' question well.
Genting is sitting on the cross-road now at 1.83
being an important support/resistance level.
It NEED to stay above this level in order to test
the next resistance at the psychological 1.90 mark.
Further downside pass the yesterday low of
1.81 will be disastrous and it will likely fall below
the 1.80 level to meet the next support at 1.76
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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
别人笑我太疯颠，我笑别人看不穿
Tuesday, July 19, 2011
Market View 19 July 2011
Interestingly, history repeated itself as like
one of the readers told me before I went for
holiday that the market will normally fall when
I am away. Scary, but it really happened again.
Frankly, I don't really keep track with all these
but when you were being told of before going
away, it really leaves quite a bitter after-taste.
Now that I am back, I hope that the market will
be back to the right track again.
I went through the charts of many stocks that
I followed yesterday and quite many closed at
or near the day-low. Dow Jone closed down about
94 points although it recovered remarkably from
the day-low of minus 185 points, it is looking
to be a rough day ahead. But if you are worry
about the wayang show happening in the US
right now, my personal view is that you should not.
It always almost happened this way in the US
with the politics structure down there and everything
will be settled before the deadline of 2nd August.
Some readers asked me how low the stock can
go this time. This is a One-Million question that I
believe everyone wish that they knew the answer
before-hand and can cruise safely pass this period.
Look for reversal signals and signs from the market
and the stocks like trading volume and daily action
sticks, and you will still observe some greens among
the bloody reds and they will be market leaders who
will be the first to move when the buying comes.
After such long time writing the blog, you should know
who will be the market leader that will lead the
market action and move up (and down) the fastest.
Seriously, if you want to hear the real truth, this is just
an occasional headwind that we will be facing times and
time again in such a volatile and somewhat fragile
environment. To me, I will look out for bargains like
STX OSV which quite a handful of readers had got in
with a good price and sitting on reasonably good paper
profits now. If the selling continues, then the bargains will
be cheaper and the Great Singapore Sales continues in
the stock market with Mr Market giving us a good discount.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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
别人笑我太疯颠，我笑别人看不穿
one of the readers told me before I went for
holiday that the market will normally fall when
I am away. Scary, but it really happened again.
Frankly, I don't really keep track with all these
but when you were being told of before going
away, it really leaves quite a bitter after-taste.
Now that I am back, I hope that the market will
be back to the right track again.
I went through the charts of many stocks that
I followed yesterday and quite many closed at
or near the day-low. Dow Jone closed down about
94 points although it recovered remarkably from
the day-low of minus 185 points, it is looking
to be a rough day ahead. But if you are worry
about the wayang show happening in the US
right now, my personal view is that you should not.
It always almost happened this way in the US
with the politics structure down there and everything
will be settled before the deadline of 2nd August.
Some readers asked me how low the stock can
go this time. This is a One-Million question that I
believe everyone wish that they knew the answer
before-hand and can cruise safely pass this period.
Look for reversal signals and signs from the market
and the stocks like trading volume and daily action
sticks, and you will still observe some greens among
the bloody reds and they will be market leaders who
will be the first to move when the buying comes.
After such long time writing the blog, you should know
who will be the market leader that will lead the
market action and move up (and down) the fastest.
Seriously, if you want to hear the real truth, this is just
an occasional headwind that we will be facing times and
time again in such a volatile and somewhat fragile
environment. To me, I will look out for bargains like
STX OSV which quite a handful of readers had got in
with a good price and sitting on reasonably good paper
profits now. If the selling continues, then the bargains will
be cheaper and the Great Singapore Sales continues in
the stock market with Mr Market giving us a good discount.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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
别人笑我太疯颠，我笑别人看不穿
Monday, July 18, 2011
No Market View today
I am back to Singapore last night after a
great "adventure" in a "exotic" country.
But I am too tired to wake up this morning
to write a market view, in fact, I just woke up
minutes ago. Give me another day to look at
what exactly happened during my holiday and
I will write a market view the next day.
(Still yawning big time........yawn...yawn....)
great "adventure" in a "exotic" country.
But I am too tired to wake up this morning
to write a market view, in fact, I just woke up
minutes ago. Give me another day to look at
what exactly happened during my holiday and
I will write a market view the next day.
(Still yawning big time........yawn...yawn....)
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