"Wall Street fell for a second day on Tuesday
as selling accelerated into the close, led by sharp
losses in bank and metal stocks."
Dow dropped 60 points, S&P 500 fell 10 points
and Nasdaq lost 17 points.
STI continued to surge higher despite falls in
regional market and it will be a challenge for
it to record further gain although it is at a
52-week high. Although the index is surging,
not all the stocks are enjoying the succulent fruits.
I received emails from readers asking me why the
stocks that they bought did not move while other
stocks move wildly. This is a very common
occurrence and have been discussed a few times.
If you are in a fair-unknown penny, then you
really need to wait for someone to uncover and
discover its potential before it has the chance to sparkle.
For myself, I stick to stocks that I know will surely
have liquidity and volatility everyday, by hood or by crook.
I also participate in rotational interest play like the
recent palm plantation stocks surge, and the returns
are rewarding. The O&M sector look very likely
the next in play and other potential sector like
the Techs and Water are in the pipeline too.
Some readers asked whether the plantation stocks
rally is over. From what I see from the chart, it is
definitely not over but the reward/risk level is
getting lower. It has been a 20-40% price surge by
some counters and profit-taking is always
likely be such a circumstance as I also
perform the same way. Golden will face resistance
at the recent high 78cts and 81cts and support
at 74cts. First Resources will first face 1.46 resistance
then 1.51 if the momentum continues. The remaining
2 small-cap Kencana and Global Palm will really
depending on what their bigger peer is performing,
although I noticed exceptional higher volume in
Global Palm last few days.
If you notice that I have not been commenting about
Genting lately, then you are absolutely right. I have not
trade this counter recently as the rewards is not that
impressive anymore. In any correction, this counter will
be the leader leading all the falls.It may surge higher
despite all the risks but I prefer to shift the focus to
other potential and rewarding stocks.
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
Wednesday, November 10, 2010
Tuesday, November 9, 2010
Market View 9 November 2010
"Wall Street retreated from a two-year high
on Monday, weighed down by financial stocks
and a stronger dollar." Dow lost 37 points,
S&P 500 lost 3 points while Nasdaq advanced
1 point.
STI surged high yesterday with the index closed
at 3300.40 up 60 points. I expect a catch-up from
the index after missing out on last Thursday and
Friday's rally from regional market, but the scale
of the rally still quite surprised me.
Anyway, putting the index aside, if you expect that
the pennies and mid-caps will all follow the STI
in the surge, then you are wrong.
I mentioned that only selected stocks will have
a run-up and indeed that was the case. The plantation
stocks ran wild, and we have Golden Agri at 78cts
up 8cts, First Resources gained 6cts, and even the
much smaller caps of Kencana and Global Palm also
enjoy the bits-and-pieces of the surge. Will they continue
to reap reward for their followers? Golden Agri will
face strong resistance at 81cts and will have support
at 74cts. First Resources will be capped at $1.45
and supported at $1.39 The remaining 2 small-caps
will follow their big brother up and down.
After a strong surge yesterday, it is looking like we
will have a decent consolidation today or this week
to flush out the weaker players and holders.
Expect profit-taking to surface and be prepared to
take profits along the way. In my previous blog entries,
I expect Golden Agri to hit my target of 74cts when it
was still in the 60s, and I took partial profits at that
price while saving the rest to see how high it can go.
It had been a good ride for me with Golden Agri
and the rest of the plantation stocks, but profit-taking
will only justify the real purpose of stock trading.
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 received numerous emails and skype message on having
a conference group on Skype so that we can have a group
chat together. I am having a poll for this proposal to see the
responses from the readers then decide on the outcome.
on Monday, weighed down by financial stocks
and a stronger dollar." Dow lost 37 points,
S&P 500 lost 3 points while Nasdaq advanced
1 point.
STI surged high yesterday with the index closed
at 3300.40 up 60 points. I expect a catch-up from
the index after missing out on last Thursday and
Friday's rally from regional market, but the scale
of the rally still quite surprised me.
Anyway, putting the index aside, if you expect that
the pennies and mid-caps will all follow the STI
in the surge, then you are wrong.
I mentioned that only selected stocks will have
a run-up and indeed that was the case. The plantation
stocks ran wild, and we have Golden Agri at 78cts
up 8cts, First Resources gained 6cts, and even the
much smaller caps of Kencana and Global Palm also
enjoy the bits-and-pieces of the surge. Will they continue
to reap reward for their followers? Golden Agri will
face strong resistance at 81cts and will have support
at 74cts. First Resources will be capped at $1.45
and supported at $1.39 The remaining 2 small-caps
will follow their big brother up and down.
After a strong surge yesterday, it is looking like we
will have a decent consolidation today or this week
to flush out the weaker players and holders.
Expect profit-taking to surface and be prepared to
take profits along the way. In my previous blog entries,
I expect Golden Agri to hit my target of 74cts when it
was still in the 60s, and I took partial profits at that
price while saving the rest to see how high it can go.
It had been a good ride for me with Golden Agri
and the rest of the plantation stocks, but profit-taking
will only justify the real purpose of stock trading.
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 received numerous emails and skype message on having
a conference group on Skype so that we can have a group
chat together. I am having a poll for this proposal to see the
responses from the readers then decide on the outcome.
Monday, November 8, 2010
Market View 8 November 2010
After a long-weekend holiday last week, we are
back to trading today on a strong back-wind
which should provide a rewarding and profitable
trading week.
You must have read about the news on the Fed's
600 Billion bond-buying plan and the positive US
job data last week, and wonder what is the impact
on out local market? Regional market and US
rallied on Thursday night and Friday while we
were on holiday, and it is expect that we will be
playing catch-up today. With so much liquidity in
the market, it will be good in the short-term as
all these $$ need to go to somewhere or maybe
even park at some good potential companies.
Expect to see selected stocks having a run-up, like
the plantation stocks and the punters/traders favourite
stocks like Genting.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
back to trading today on a strong back-wind
which should provide a rewarding and profitable
trading week.
You must have read about the news on the Fed's
600 Billion bond-buying plan and the positive US
job data last week, and wonder what is the impact
on out local market? Regional market and US
rallied on Thursday night and Friday while we
were on holiday, and it is expect that we will be
playing catch-up today. With so much liquidity in
the market, it will be good in the short-term as
all these $$ need to go to somewhere or maybe
even park at some good potential companies.
Expect to see selected stocks having a run-up, like
the plantation stocks and the punters/traders favourite
stocks like Genting.
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
Thursday, November 4, 2010
Market View 4 November 2010
Wall Street continued to climb as "U.S. stocks
ended a volatile session modestly higher on
Wednesday after the Federal Reserve detailed
a plan to breathe new life into the struggling economy.
Both the Dow and Nasdaq closed at levels not seen
since 2008 while the S&P ended at a six-month high.
The gains were preceded by an erratic session in which
equities zigzagged up and down as the Fed announced a
plan to buy $600 billion in Treasuries. The size of the plan
was greater than had been anticipated but less than many hoped."
Dow gained 26 points, S&P 500 advanced 4 points
and Nasdaq rose 7 points.
Am I concern that a correction or sell-off may appear soon?
Yes, but I am prepared for it and I will continue
to be ready for any change of market action with
buying in the stocks that I am familiar and higher
winning percentage.
The plantation stocks continued to surge and it was
a pretty good run and I do know that a handful of
readers benefited heavily from them.
First Resources will face resistance at 1.38 and with
good support at 1.30 Golden Agri, like what I told many
readers at Skype has a target of 74cts before staging
another run-up. Well supported at 68cts.
The much smaller Kencana and Global Palm were
also seeing actions in their stock price but they will
track and trace their big brother's movement at most.
Sound Global is having a break now but further
upside resistance will be tested at 91cts and
supported at 85cts. CWT is still looking fine for
a test of $1. MIT will be on a run if it break 1.11
with strength and it appears that this will be the case.
Lastly, Genting is still below the resistance 2.26 although
it may test it again with range bound play between
2.18-2.26 now.
Today is the last trading day of the week and
profit-taking is well expected although it will be
a much contained one.
To all the readers: Happy Deepavali and Enjoy the
long weekend 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
ended a volatile session modestly higher on
Wednesday after the Federal Reserve detailed
a plan to breathe new life into the struggling economy.
Both the Dow and Nasdaq closed at levels not seen
since 2008 while the S&P ended at a six-month high.
The gains were preceded by an erratic session in which
equities zigzagged up and down as the Fed announced a
plan to buy $600 billion in Treasuries. The size of the plan
was greater than had been anticipated but less than many hoped."
Dow gained 26 points, S&P 500 advanced 4 points
and Nasdaq rose 7 points.
Am I concern that a correction or sell-off may appear soon?
Yes, but I am prepared for it and I will continue
to be ready for any change of market action with
buying in the stocks that I am familiar and higher
winning percentage.
The plantation stocks continued to surge and it was
a pretty good run and I do know that a handful of
readers benefited heavily from them.
First Resources will face resistance at 1.38 and with
good support at 1.30 Golden Agri, like what I told many
readers at Skype has a target of 74cts before staging
another run-up. Well supported at 68cts.
The much smaller Kencana and Global Palm were
also seeing actions in their stock price but they will
track and trace their big brother's movement at most.
Sound Global is having a break now but further
upside resistance will be tested at 91cts and
supported at 85cts. CWT is still looking fine for
a test of $1. MIT will be on a run if it break 1.11
with strength and it appears that this will be the case.
Lastly, Genting is still below the resistance 2.26 although
it may test it again with range bound play between
2.18-2.26 now.
Today is the last trading day of the week and
profit-taking is well expected although it will be
a much contained one.
To all the readers: Happy Deepavali and Enjoy the
long weekend 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, November 3, 2010
Market View 3 November 2010
Wall Street closed green as "U.S. stocks
ended higher on Tuesday on the expectation
the election and a Federal Reserve decision would
create a more business-friendly environment,
though many traders forecast a sell-off in the days ahead."
Dow gained 64 points, S&P 500 rose 9 points
and Nasdaq advanced 29 points.
Yesterday, Genting hit the 2.26 resistance as what
I have written in the blog and reversed to close
at 2.23 The upside test will still be 2.26 followed
by 2.30 as what I wrote yesterday.
Plantation stocks continued to perform reasonably well
and I don't see why it won't continue to do so.
The resistance and support of Golden Agri and
First Resources were mentioned yesterday and
continue to be this way.
Recently, a few punting stocks have been providing
profits to me and the readers alike. We have Sound
Global and Longcheer as recommended by me, and
it look like we will see Sinotel, CWT and Hi-P in action.
Sinotel will announce result next Monday and CWT
got a fundamental news if you did a read-up.
Before I forget to write again, MIT will be hot-up
if it manage to break the 1.11 resistance and further
upside can be seen.
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
ended higher on Tuesday on the expectation
the election and a Federal Reserve decision would
create a more business-friendly environment,
though many traders forecast a sell-off in the days ahead."
Dow gained 64 points, S&P 500 rose 9 points
and Nasdaq advanced 29 points.
Yesterday, Genting hit the 2.26 resistance as what
I have written in the blog and reversed to close
at 2.23 The upside test will still be 2.26 followed
by 2.30 as what I wrote yesterday.
Plantation stocks continued to perform reasonably well
and I don't see why it won't continue to do so.
The resistance and support of Golden Agri and
First Resources were mentioned yesterday and
continue to be this way.
Recently, a few punting stocks have been providing
profits to me and the readers alike. We have Sound
Global and Longcheer as recommended by me, and
it look like we will see Sinotel, CWT and Hi-P in action.
Sinotel will announce result next Monday and CWT
got a fundamental news if you did a read-up.
Before I forget to write again, MIT will be hot-up
if it manage to break the 1.11 resistance and further
upside can be seen.
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, November 2, 2010
Market View 2 November 2010
Wall Street ended mixed after a very good start
of the trading day as "Investors were reluctant to
make big bets ahead of two events that could dictate
the stock market's direction for the rest of the year and
beyond, leaving shares little changed on Monday."
Dow was up as high as 125 points but closed up only
6 points, S&P 500 added 1 points and Nasdaq lost 3 points.
STI surged about 1.6% or 50 points yesterday
due to strong China manufacturing data, and
good buying volume were seen in numerous stocks
including those that were recommended by me.
Plantation stocks did very well and we saw good profits
with First Resources and Golden Agri. First Resources
will face resistance at 1.34 and supported at 1.27
Golden Agri will likely be capped at 74cts and supported
at 65cts. The remaining 2 plantation stocks Kencana and
Global Palm have not really make their move yet.
Longcheer surged on good quarter result and closed
up at 81.5cts and will be good for a test for 52-week
high. Sound Global is also doing reasonably well and
a test of 90cts is likely and the support will be at 86cts.
Genting charged up yesterday after forming a good
support at the 2.18 support level and closed at 2.23
Further upside will be tested at 2.26 and 2.30
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
of the trading day as "Investors were reluctant to
make big bets ahead of two events that could dictate
the stock market's direction for the rest of the year and
beyond, leaving shares little changed on Monday."
Dow was up as high as 125 points but closed up only
6 points, S&P 500 added 1 points and Nasdaq lost 3 points.
STI surged about 1.6% or 50 points yesterday
due to strong China manufacturing data, and
good buying volume were seen in numerous stocks
including those that were recommended by me.
Plantation stocks did very well and we saw good profits
with First Resources and Golden Agri. First Resources
will face resistance at 1.34 and supported at 1.27
Golden Agri will likely be capped at 74cts and supported
at 65cts. The remaining 2 plantation stocks Kencana and
Global Palm have not really make their move yet.
Longcheer surged on good quarter result and closed
up at 81.5cts and will be good for a test for 52-week
high. Sound Global is also doing reasonably well and
a test of 90cts is likely and the support will be at 86cts.
Genting charged up yesterday after forming a good
support at the 2.18 support level and closed at 2.23
Further upside will be tested at 2.26 and 2.30
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, November 1, 2010
Market View 1 November 2010
Another fresh month of stock trading and
another month to spar with Mr Market and
make money from him.
This week, all eyes will be on this Wednesday
when we will have the US congressional mid-term
election and interest rate fixing meeting by the
US central bank. From what I see from my
trading screen now, US futures are deep in the
green, we shall see whether it can continue through
the trading day and how the US market react for
this 2 trading prior to the BIG day.
Last Friday, if you followed GLP for the whole day
then you will notice some "happening" at the end
of the trading day. It was trading at $2.29 at pre-closing
but closed up at $2.32 with about 53 million shares changed
hand on the closing bell. I can only concluded that it
is the doing of some BBs to make the stock closed
more presentable for the month end closing.
I am a long-term investor of the stock but I do trade
contra and intra on the stock and it is not getting
profitable as the first few days of its debut.
Genting is still below the 2.18 major resistance/support
level which will be constantly tested this week and
beyond. The next resistance will be at 2.24 and
supported at 2.10
Regarding the plantation stocks that were mentioned
last week, I believe they are still good trading for
the near term but it will be volatile and erratic.
Sound Global is still hot and the resistance will be
at 91cts. I mentioned about Longcheer last Friday,
which also announced result on the same night.
It will likely make a run for 81cts resistance and
further upside will be tested at new 52-week high.
I am rather cautious this week with Big events from
Uncle Sam, but I do know that there will still be
trading opportunities in the market. One just have to
be vigilant and alert to any untoward sellings.
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 month to spar with Mr Market and
make money from him.
This week, all eyes will be on this Wednesday
when we will have the US congressional mid-term
election and interest rate fixing meeting by the
US central bank. From what I see from my
trading screen now, US futures are deep in the
green, we shall see whether it can continue through
the trading day and how the US market react for
this 2 trading prior to the BIG day.
Last Friday, if you followed GLP for the whole day
then you will notice some "happening" at the end
of the trading day. It was trading at $2.29 at pre-closing
but closed up at $2.32 with about 53 million shares changed
hand on the closing bell. I can only concluded that it
is the doing of some BBs to make the stock closed
more presentable for the month end closing.
I am a long-term investor of the stock but I do trade
contra and intra on the stock and it is not getting
profitable as the first few days of its debut.
Genting is still below the 2.18 major resistance/support
level which will be constantly tested this week and
beyond. The next resistance will be at 2.24 and
supported at 2.10
Regarding the plantation stocks that were mentioned
last week, I believe they are still good trading for
the near term but it will be volatile and erratic.
Sound Global is still hot and the resistance will be
at 91cts. I mentioned about Longcheer last Friday,
which also announced result on the same night.
It will likely make a run for 81cts resistance and
further upside will be tested at new 52-week high.
I am rather cautious this week with Big events from
Uncle Sam, but I do know that there will still be
trading opportunities in the market. One just have to
be vigilant and alert to any untoward sellings.
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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