US market closed mixed with the Dow
and S&P 500 fallen in consecutive days.
Dow was up about 80 points at one stage
during the early trading day but reversed
and closed down 62 points.
Initially, I am quite confident that all things
will be well by 2th August and the US debt
ceiling crisis is just a mere wayang show.
To me, the politicians regardless of which side
you are on will not want to incur the ire and
wrath of the citizens and jeopardise their position.
The confidence in me has falter somewhat
although I don't see a major financial catastrophe
coming soon, but it is certainly going to be
THE major event of the year till date.
In the reports that I read, the issue is not going
to be settled by the deadline but temporay
measures will be taken as further discussion
and talks continue. The US market has factored
in the uncertainties and volatility as the indexes
clearly shown, but it seems like the rest of the world
is still basking in the sun. Is this a realistic confidence
or the calm before the storm?
I can say that I have turn cautious and wary of
the market conditions. As what I mentioned to the
members, I am sticking to my trailing stop in
case of any drastic happening or the unforeseen.
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 29, 2011
Thursday, July 28, 2011
Market View 28 July 2011
I mentioned that our market will succumb to
selling pressure pretty soon yesterday and
Uncle Sam delivered a strong blow in overnight
trade as the indexes suffered their worst day
in 8-weeks. Dow closed near to the day-low at
12303 or down 199 points. Nasdaq dropped
2.6% and S&P 500 lost 27 points or 2%.
Our market will definitely open weaker and it
will be a "red-lettered day" at the closing bell.
We have enjoyed a good recent run and I believe
that a slight break will be beneficial for the long run.
The main star for yesterday market action must
be Genting which surged 11cts to close at 1.92
with the day-high at 1.945 Once again, the resistance
level of 1.83 played a major role in yesterday surge.
I know of readers who went into the stock when
it broke the resistance in early morning and never
look back. The psychological support of 1.90 is thus
a major support now and Genting need to be above
this level to have a run at the 1.97 region resistance.
Many readers asked about the "future" of STX OSV.
I have no 100% correction expectation of the counter
now in view of the current market condition. Yesterday,
I mentioned that the the stock is at the peak of this
round of surge and a pullback is expected. It closed
the trade down 1.5cts In my view, the stock should
withdraw till the 1.50 level which is very normal given
that it has surged through the roof lately.
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
selling pressure pretty soon yesterday and
Uncle Sam delivered a strong blow in overnight
trade as the indexes suffered their worst day
in 8-weeks. Dow closed near to the day-low at
12303 or down 199 points. Nasdaq dropped
2.6% and S&P 500 lost 27 points or 2%.
Our market will definitely open weaker and it
will be a "red-lettered day" at the closing bell.
We have enjoyed a good recent run and I believe
that a slight break will be beneficial for the long run.
The main star for yesterday market action must
be Genting which surged 11cts to close at 1.92
with the day-high at 1.945 Once again, the resistance
level of 1.83 played a major role in yesterday surge.
I know of readers who went into the stock when
it broke the resistance in early morning and never
look back. The psychological support of 1.90 is thus
a major support now and Genting need to be above
this level to have a run at the 1.97 region resistance.
Many readers asked about the "future" of STX OSV.
I have no 100% correction expectation of the counter
now in view of the current market condition. Yesterday,
I mentioned that the the stock is at the peak of this
round of surge and a pullback is expected. It closed
the trade down 1.5cts In my view, the stock should
withdraw till the 1.50 level which is very normal given
that it has surged through the roof lately.
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 27, 2011
Market View 27 July 2011
Our market continue to move north while
Uncle had been heading south for the last
3 days. I believe that the our market will
succumb to selling pressure pretty soon
in view of the uncertainties in the US debt
level. It is likely that we will trade weaker
and the blues will suffered the most, while
selected small-mid caps will continue to
defy gravity.
Nothing much to talk about Genting as it still
within range. I got a few members asking about
STX OSV. My view is that it is near its peak
for this round of surge and it will likely take
a break soon and consolidate and awaits the
next upside breakout.
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
Uncle had been heading south for the last
3 days. I believe that the our market will
succumb to selling pressure pretty soon
in view of the uncertainties in the US debt
level. It is likely that we will trade weaker
and the blues will suffered the most, while
selected small-mid caps will continue to
defy gravity.
Nothing much to talk about Genting as it still
within range. I got a few members asking about
STX OSV. My view is that it is near its peak
for this round of surge and it will likely take
a break soon and consolidate and awaits the
next upside breakout.
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 26, 2011
Market View 26 July 2011
If you are still wondering where the wayang
show in US will lead to regarding the US
debt talk, I am only say that all roads lead
to Rome, and it will be dutifully fulfill before
the deadline of 2 August. Just my personal
2cts view.
Genting is now stuck between the 1.76-1.83
range and you can see from the chart that
a break of either side will be followed by many
hyenas waiting at the sideline. I am also waiting
for a breakout and I believe it will arrive pretty soon.
I believe that I mentioned before that the current
market is more suitable for short-term trading
as there are just too many uncertainties and a
slight news can triggered off a selloff or a great
rally. Stick to your cut-loss and trailing stop diligently.
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
show in US will lead to regarding the US
debt talk, I am only say that all roads lead
to Rome, and it will be dutifully fulfill before
the deadline of 2 August. Just my personal
2cts view.
Genting is now stuck between the 1.76-1.83
range and you can see from the chart that
a break of either side will be followed by many
hyenas waiting at the sideline. I am also waiting
for a breakout and I believe it will arrive pretty soon.
I believe that I mentioned before that the current
market is more suitable for short-term trading
as there are just too many uncertainties and a
slight news can triggered off a selloff or a great
rally. Stick to your cut-loss and trailing stop diligently.
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 25, 2011
Unable to write Market Review this morning
Due to unforeseen circumstances, I was unable
to wrote the Market Review this morning.
It will resume tomorrow morning.
to wrote the Market Review this morning.
It will resume tomorrow morning.
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