Wall Street fell on the last trading day of September
but the indexes still recorded their best performance
of the month in 71 years.
Dow lost 47 points, S&P 500 fell 4 points and
Nasdaq lost 8 points.
We are into the first trading day of October and
Q4 2010, so what can we expect this month.
October is arguably the worst trading month in
history as Mr Market somehow like to crash on
this month, so is "This" the month?
I can only say that I am not comfortable with
the recent rally which left many stocks in an
unfavourable high price and it really shows on
the stock chart that I refer to. A correction will
be just right to at least push the price to a more
reasonably price range and any further rally can
continue from there. The market should be pretty
volatile and aggressive before the start of the
Q3 reporting. If there is any untoward nasty surprises
along the way, the end-result will be a fast and furious
sell-off.
I have started to take some money of the holdings
both for taking profits out of the winners and preparing
the money for the 2 major powerhouse IPOs listing
soon. I will park some money in GIC Logistic and
Mapletree Trust as I believe their mid-long term price
appreciation potential.
Ok, talk about Genting. Like what I mentioned in
yesterday's post, the support level for the stock
is only mere bids away at 1.84 based on the
1.86 closing price yesterday. Upside will be tested
at 1.90
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, October 1, 2010
Thursday, September 30, 2010
Market View 30 September 2010
Wall Street hit the pause button and "took a
breather from a month-long rally on Wednesday,
with investors bracing for higher volatility going
forward as the best quarter in a year nears its end."
Dow lost 23 points, S&P 500 fell 3 points and
Nasdaq lost 3 points.
Today is the last trading day of Q3, so can we expect
a window-dressing session today? A few of readers asked
me the same questions last few days, and I replied them
that even without all the dressing-up, the BBs and the
funds are having strong and healthy performance, so I
expect a more subdued trading today. They just need to
ensure that the market don't crash before today is over.
Yesterday, a handful of readers and me went into Sound
Global at various entry price and all managed to make
money out of the fast and furious surge from the stock.
If you don't know why it surge yesterday, please read
up the SGX annoucement. It is the "best" source of
information and news from the listed companies,
although many time you will likely see a "We are
not aware of any reason or news..." when a stock is
surging high and wild.
Ok, Sound Global is going to be listed in HK through
introduction, and it is likely going to be interesting.
I will seek to enter again into the stock, but this time
without any high expectation like the previous session.
Many readers have been told multiple time that I
believe that it is a permanent >$1 stock, and I continue
to feel this way.
Genting is sitting at the psychological level of 1.90 and
any surge will be capped at the recent high of 1.97
and support will rush in if it is in the 1.84 region.
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
breather from a month-long rally on Wednesday,
with investors bracing for higher volatility going
forward as the best quarter in a year nears its end."
Dow lost 23 points, S&P 500 fell 3 points and
Nasdaq lost 3 points.
Today is the last trading day of Q3, so can we expect
a window-dressing session today? A few of readers asked
me the same questions last few days, and I replied them
that even without all the dressing-up, the BBs and the
funds are having strong and healthy performance, so I
expect a more subdued trading today. They just need to
ensure that the market don't crash before today is over.
Yesterday, a handful of readers and me went into Sound
Global at various entry price and all managed to make
money out of the fast and furious surge from the stock.
If you don't know why it surge yesterday, please read
up the SGX annoucement. It is the "best" source of
information and news from the listed companies,
although many time you will likely see a "We are
not aware of any reason or news..." when a stock is
surging high and wild.
Ok, Sound Global is going to be listed in HK through
introduction, and it is likely going to be interesting.
I will seek to enter again into the stock, but this time
without any high expectation like the previous session.
Many readers have been told multiple time that I
believe that it is a permanent >$1 stock, and I continue
to feel this way.
Genting is sitting at the psychological level of 1.90 and
any surge will be capped at the recent high of 1.97
and support will rush in if it is in the 1.84 region.
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, September 29, 2010
Market View 29 September 2010
Wall Street rebounded to close in the green as
"latecomers jumped onto the September bandwagon,
buying up sectors that have outperformed during the
month." Dow gained 46 points, S&P 500 added 6
points and Nasdaq rose 10 points.
Some responses that I received from skype and emails
yesterday ranged from that I am being too bearish and
I will be right on my view. I have to mention again that
any positive or negative views on the market are purely
my own, derived from my observations or the chart or
even my gut feeling. I believe that the readers can make
his/her judgment and form his/her own opinion of the
market condition and sentiment. To conclude, I am bearish
on the market in October.
Ok, back to the stocks..
Genting indeed fell to the support level yesterday and
closed at 1.95 The next fragile support level is at the
psychological 1.90 Further upside will be tested at 2.03
With regards to other stocks, I am feeling the strain
of top-heavy positions which will triggered panic
selling if the sentiment changes.
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
"latecomers jumped onto the September bandwagon,
buying up sectors that have outperformed during the
month." Dow gained 46 points, S&P 500 added 6
points and Nasdaq rose 10 points.
Some responses that I received from skype and emails
yesterday ranged from that I am being too bearish and
I will be right on my view. I have to mention again that
any positive or negative views on the market are purely
my own, derived from my observations or the chart or
even my gut feeling. I believe that the readers can make
his/her judgment and form his/her own opinion of the
market condition and sentiment. To conclude, I am bearish
on the market in October.
Ok, back to the stocks..
Genting indeed fell to the support level yesterday and
closed at 1.95 The next fragile support level is at the
psychological 1.90 Further upside will be tested at 2.03
With regards to other stocks, I am feeling the strain
of top-heavy positions which will triggered panic
selling if the sentiment changes.
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, September 28, 2010
Market View 28 September 2010
Wall Street closed in the red on Monday "as investors
took a break from a four-week rally, but they remained
optimistic the advance would resume as a flurry of deals
suggested companies were seeing value in the market."
Dow fell 48 points, S&P 500 lost 7 points and Nasdaq
fell 11 points.
I don't wish to paint a gloom and doom picture but
I believe that October will almost definitely not
as rosy as this September in term of the markets
and stocks performance. I see that a correction
selling will surface anytime soon and it should continue
until the Q3 result announcements pre-buying frenzy
start weeks later. Then we will see whether what
kind of "surprises" we get from the major powerhouses
both globally and local blue-chip. Whether the results
are within expectation, out-of-the-blue nasty suprises
or strong corporate results, we shall see.
Our market have been doing very well taking the
cue from the US market, and I believe that many
readers should have made money on a couple
of stocks and/or still holding to winner stocks.
That's good and a reasonably placed trailing stop
is a essential way to protect the winnings.
Many stocks have reached and bounced off
strong resistances, and it is very likely that they will
retrace back to fragile support level which will be
broken one by one as and when the mass selling
comes until the selling slow and falter eventually.
Some people may think that because I missed the
strong run-up during my holiday so I am trying to
talk down the market. This is quite a narrow-minded
view and I certainly don't have such a thinking.
I have stock holdings as well, and they are concentrated
in those heavily traded counters, and if the market continue
to surge, I know that my holding will increase in value.
There is no need for me to talk down the market, and
I don't have that kind of super-natural or celestial ability
to do so. I am just voicing what I see in the market, and
if you don't feel that way or have entirely opposite opinion,
you are welcome to stick to yours while I stick to mine.
Over the weekend, I look through many charts and
the downside risk of many stocks overweight any further
potential upside. Genting is likely to be heading toward
the support level at 1.96 rather than toward the resistance
at 2.12
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
took a break from a four-week rally, but they remained
optimistic the advance would resume as a flurry of deals
suggested companies were seeing value in the market."
Dow fell 48 points, S&P 500 lost 7 points and Nasdaq
fell 11 points.
I don't wish to paint a gloom and doom picture but
I believe that October will almost definitely not
as rosy as this September in term of the markets
and stocks performance. I see that a correction
selling will surface anytime soon and it should continue
until the Q3 result announcements pre-buying frenzy
start weeks later. Then we will see whether what
kind of "surprises" we get from the major powerhouses
both globally and local blue-chip. Whether the results
are within expectation, out-of-the-blue nasty suprises
or strong corporate results, we shall see.
Our market have been doing very well taking the
cue from the US market, and I believe that many
readers should have made money on a couple
of stocks and/or still holding to winner stocks.
That's good and a reasonably placed trailing stop
is a essential way to protect the winnings.
Many stocks have reached and bounced off
strong resistances, and it is very likely that they will
retrace back to fragile support level which will be
broken one by one as and when the mass selling
comes until the selling slow and falter eventually.
Some people may think that because I missed the
strong run-up during my holiday so I am trying to
talk down the market. This is quite a narrow-minded
view and I certainly don't have such a thinking.
I have stock holdings as well, and they are concentrated
in those heavily traded counters, and if the market continue
to surge, I know that my holding will increase in value.
There is no need for me to talk down the market, and
I don't have that kind of super-natural or celestial ability
to do so. I am just voicing what I see in the market, and
if you don't feel that way or have entirely opposite opinion,
you are welcome to stick to yours while I stick to mine.
Over the weekend, I look through many charts and
the downside risk of many stocks overweight any further
potential upside. Genting is likely to be heading toward
the support level at 1.96 rather than toward the resistance
at 2.12
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, September 27, 2010
Market View will be back tomorrow
I have to run further errands today morning so
the market view can only be back tomorrow.
Sorry for any inconvenience caused.
the market view can only be back tomorrow.
Sorry for any inconvenience caused.
Thursday, September 9, 2010
No Market View today but I got something to say
Hi blog readers, there will not be any Market View
today since I will be on holiday next week and I
don't want to tell you to buy/sell then I myself go
missing for the next 2 weeks. But those 90s stocks
that I recommended this week have performed really
well and hit the $1 within days, for the like of PEC,
CSE, Swiber.... did you profited from them?
Anyway, I have received numerous questions from
email and skype on how exactly to trade in the
market and profited from it. I am a believer of
before you can Earn, you need to Learn, so I will
recommend some books for the readers to read
and hopefully they will have better and clearer
understanding of Mr Market.
For a start, our own National Library has many
many books on stock investing, trading, speculating
and those boringly useless financial theory books.
If you are free and willing to improve your knowledge
on Mr Market, then please pay Mr Library many visits.
You will benefit greatly from it.
I would recommend the readers to read up a book
by a local author who is a senior trading representative
titled "Why Am I Always Losing In The Stock Market".
Don't tell me that you simply have no time to read any
books as you can finish this book within 2 hours or less.
Read it a few times if you want, and read it again.
Another few books that you may be interested are
Nicolas Darvas' "How I Made $2 Million In The
Stock Market". It is another thin book that can be
completed in 2 hours.
William O'Neal's "How To Make Money In Stocks"
and his other publications are also good read but it will
take you longer to read them.
Alexander Elder, Warren Buffett, Larry William,
Ari Kiev and even George Soros' books are worthy read
as well, and if possible, read as much as possible, and grab
the gists and essences of each books and when you have
read well enough, you will see repeating patterns and that is
when you know you are on your way......
Oh ya, by the way, if you think only the Americans or
the British know how to trade the market, then you
are pretty outdated and bias. The Chinese from China,
HK, Taiwan know Mr Market equally well, if not better,
so if you do understand Chinese language, read the books
too and I am sure that you will change your view completely.
I read a lots of books and publications on stock market
and trading methodologies, style and "secret" in search
of the "Holy Grail", and I only realised there isn't such
thing after numerous trial and error practical sessions
with Mr Market. To me alone, I know what is simply
rubbish and bullshit in some of the books and what
works in the market. Trend following/reversal, Support/Resistance,
Trading patterns, Volume analysis and Reversal play works,
and Indicators analysis simply don't. I am an advocate/supporter
of the KISS principle, and trading is actually quite straight-forward
and simple if you cut away the perception that you need to have
a business degree and using astronomical complex mathematics
formulae or methods to win in the market. Just KISS will do.
If you have been in the market for long, and have sparred
enough encounters with Mr Market for long, I am sure you
will agree with me. But I welcome any differing views and
comments and you are welcome to post them as comment
on the blog or email me if you preferred. We can discuss it further.
Over several conversations last few days, some readers
asked me whether I know that the market is going
for a tailspin during my holiday. I have a great laugh and
tell them that if I knew such thing will happen then
I will be richer than Buffett and Soros. Hehe...
If the market really goes down during my absence
then it is purely coincidental and unpredictable although
there are several signs that the 4th quarter is going to
be rough and drastic and anything and everything may
well happen.
Ok, I will leave it here for today. I may post one
or two more at the blog before I head off to the
holiday.
=====================================================
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
today since I will be on holiday next week and I
don't want to tell you to buy/sell then I myself go
missing for the next 2 weeks. But those 90s stocks
that I recommended this week have performed really
well and hit the $1 within days, for the like of PEC,
CSE, Swiber.... did you profited from them?
Anyway, I have received numerous questions from
email and skype on how exactly to trade in the
market and profited from it. I am a believer of
before you can Earn, you need to Learn, so I will
recommend some books for the readers to read
and hopefully they will have better and clearer
understanding of Mr Market.
For a start, our own National Library has many
many books on stock investing, trading, speculating
and those boringly useless financial theory books.
If you are free and willing to improve your knowledge
on Mr Market, then please pay Mr Library many visits.
You will benefit greatly from it.
I would recommend the readers to read up a book
by a local author who is a senior trading representative
titled "Why Am I Always Losing In The Stock Market".
Don't tell me that you simply have no time to read any
books as you can finish this book within 2 hours or less.
Read it a few times if you want, and read it again.
Another few books that you may be interested are
Nicolas Darvas' "How I Made $2 Million In The
Stock Market". It is another thin book that can be
completed in 2 hours.
William O'Neal's "How To Make Money In Stocks"
and his other publications are also good read but it will
take you longer to read them.
Alexander Elder, Warren Buffett, Larry William,
Ari Kiev and even George Soros' books are worthy read
as well, and if possible, read as much as possible, and grab
the gists and essences of each books and when you have
read well enough, you will see repeating patterns and that is
when you know you are on your way......
Oh ya, by the way, if you think only the Americans or
the British know how to trade the market, then you
are pretty outdated and bias. The Chinese from China,
HK, Taiwan know Mr Market equally well, if not better,
so if you do understand Chinese language, read the books
too and I am sure that you will change your view completely.
I read a lots of books and publications on stock market
and trading methodologies, style and "secret" in search
of the "Holy Grail", and I only realised there isn't such
thing after numerous trial and error practical sessions
with Mr Market. To me alone, I know what is simply
rubbish and bullshit in some of the books and what
works in the market. Trend following/reversal, Support/Resistance,
Trading patterns, Volume analysis and Reversal play works,
and Indicators analysis simply don't. I am an advocate/supporter
of the KISS principle, and trading is actually quite straight-forward
and simple if you cut away the perception that you need to have
a business degree and using astronomical complex mathematics
formulae or methods to win in the market. Just KISS will do.
If you have been in the market for long, and have sparred
enough encounters with Mr Market for long, I am sure you
will agree with me. But I welcome any differing views and
comments and you are welcome to post them as comment
on the blog or email me if you preferred. We can discuss it further.
Over several conversations last few days, some readers
asked me whether I know that the market is going
for a tailspin during my holiday. I have a great laugh and
tell them that if I knew such thing will happen then
I will be richer than Buffett and Soros. Hehe...
If the market really goes down during my absence
then it is purely coincidental and unpredictable although
there are several signs that the 4th quarter is going to
be rough and drastic and anything and everything may
well happen.
Ok, I will leave it here for today. I may post one
or two more at the blog before I head off to the
holiday.
=====================================================
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, September 8, 2010
Market View 8 September 2010
Wall Street fell in overnight trade as
"stocks fell in very light volume on Tuesday as
investors seized on renewed concerns about
European banks as a reason to sell shares after
strong gains last week. Banks, energy companies
and chipmakers were the biggest decliners.
Some analysts said the drop after Wall Street's
best week in the past two months shows the market
is likely to remain range-bound."
In my own view, I feel that the chances of Dow fall
below 10000 again is very high, and it is a matter
of when and not whether it will happen.
Genting surged high yesterday and it is looking
to test recent high and resistance 1.83 with the
next resistance standing at 1.89. It will be well
supported at 1.76
Sound Global as expected hit the resistance
73.5cts with force but still unable to break it.
It will run wild after breaking this resistance
with 77cts in sight and supported at 70cts.
The volume with many stocks have been
pretty low these days and if you want to
trade, it will be wise to stick to those in
the play-up and with volume and momentum
backing it up with power.
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
"stocks fell in very light volume on Tuesday as
investors seized on renewed concerns about
European banks as a reason to sell shares after
strong gains last week. Banks, energy companies
and chipmakers were the biggest decliners.
Some analysts said the drop after Wall Street's
best week in the past two months shows the market
is likely to remain range-bound."
In my own view, I feel that the chances of Dow fall
below 10000 again is very high, and it is a matter
of when and not whether it will happen.
Genting surged high yesterday and it is looking
to test recent high and resistance 1.83 with the
next resistance standing at 1.89. It will be well
supported at 1.76
Sound Global as expected hit the resistance
73.5cts with force but still unable to break it.
It will run wild after breaking this resistance
with 77cts in sight and supported at 70cts.
The volume with many stocks have been
pretty low these days and if you want to
trade, it will be wise to stick to those in
the play-up and with volume and momentum
backing it up with power.
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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