Tuesday Wrap--The bullishness mind

Having gone through my core list of stocks. below are some that intrigue me:

The charts

I'm pretty busy work on the US market,it has been a great day so far...just a go-through of singapore market as my last post. Couple of stocks are approaching their resistance after a 35.75 rebound on STI, it's time to find good entry point for shorting. Despite my bullishness view on market short term rebound before further down, market is obviously extremly weak--DOW is negativeby 160point @7200 now. Will post some charts tomorrow, time for bed. good night!

Opportunities In the Chaos

PM Lee Hsien Loong said for the 1st time: This financial crisis is much worse than expected, no one economy would be escaped including China and India. And at the same time, today's market rebounded due to the said of Citi nationalization talk. I think most of us never think of it will be happened to it: from 50 to just 2 bucks in two years time. i want to leave a picture here for the memory of the life of one of the world biggest bank.

The benchmark $SPX

The /ES, futures of $SPX remains to be the best view of the market. AS a subset view of the /ES, The $SPX is the most watchable market benchmark. Looking at its daily chart, I think we've got a pretty good resistance at 800, it wouldn't surprise me if A big countertrend rally started when eveything showing so bearish. The next strong resistance is at 830 if 800 is busted.

It's Shortist Time

STI just broke its important psycological level 1600, it's pretty bearish, Shortist please stay short, longist you may want to tighten up your stop loss depends on what position you are holding. It doesn't matter if you are wrong, you no need to 100% correct, the important is to stick to your plan, cut loss when you are wrong.

Couple of stocks which you may interest. If you want to buy cheap on these stocks, it's simply not the time yet. You can get even better bargain in sometime later( I don't know what exact time it is, I only know when it comes, got it?)






Except capitaland is approaching its support, the rest all broke their important support level.

Failure of Dow on November Low

Better give me a bounce then we can find good entry point, sell low buy high is the mistake often kills the trade.

Answer for questions

Noble ,
you can observe its fib 38.2% @1.25 confluence exactly with its horizontal resistance. i didn't short this stock as I short Olam on that day. It's still an uptrend stock, let's see where it retrace to.



ST Enggy

It was resisted and head down by 100dma, before it reaches its trendline 2.39 area. If it bounced back again to test it, chance to short.

Failure of major support or on the cliff

Had gone through dozens of charts, amazingly, most of them are at quite " meaningful" level-- simply saying something going to happen, either break their support or had a reversal.

牛年为甚么无牛市?

牛头不对马嘴

牛年到了。
一匹马爱慕上了一头俊俏的母牛。
马鼓起勇气对牛说:love u!
牛含羞说:love u 2.
马再接再励说:miss u.
牛低着头说:miss u 2.
马高兴地说:can i kiss u?
牛果断地说:no.
马伤心大吼:why?
牛羞涩说：
因为牛头不对马嘴嘛 !

I'm having class later, so will update you the market afterwards. see ya.

An exception

An exception to the statement" market never be straight line down":



Nice? good night.

Look at it the market way

Just a bit update here as my last post before bed. Now it's US market lunch break time, dow up lightly at 39 points. Showing some bullishness.

As we should know, market never be a straight line down or up, last night(oops should be one day before) when dow down nearly 300 point, many of us would think it should be very good opportunity to short it, however to our disappointment, local market keep quiet in the morning( some already started to move up slightly as my shorts are negative profit)instead of jump off the cliff.

So what's it all about? I'm surely got smart money out there who get the info much faster than us, in fact local market direction before 5pm already anticipating the following US mkt.

We must respect othose support/resistance level, grab profit when it comes. So next i'll look for those stocks rebounding to their resistance.

Wilmar retraced to its gap support

A great move

Friends , I hope you enjoyed yesterday stunning profit. It was a great move. My account up 10.5%, but I missed out few great shorting opportunities, due to i was pretty busy with ChartNexus project...pity on me.

Now Dow is approaching it's all time support level, which is touched in the year of 2008,2003,2002,1998,1997. Do expect some price actions around this area guys.

Guerrilla Attack

These again are for Small and short term trade, I have few positions which I turned around of them, that means to say, long at support, when it goes up and hit resistance, bounce off, I close long position and initiate a short position at the same time. SPC and kepland,olam are these kind of trade i have done. The key to these kind of trade is to find a good entry point and control your risk strictly.

Are you guys doing so far so good? any questions and opinions are welcome to share! aw, your T.A skill improved quite lot, u r well rewarded too, yes? Have a nice day ahead!

Small profit in longevity

I find this rule very useful and want to share with you now especially if you are in full-time trading.

It's small profit in longevity, it's extremly useful in sideway market like now, since the general market is sideway, so this strategy is to help me make small profit from each trade in short term, basically I'll trade in small size(2~5 lots), holding 5 to 10 counters at the same time, there are longs and shorts, ( but with more positions in shorts since I believe all should agree market is generally bearish) and prepare to hold it 2 to 3 days on average, I continue find new positions and close those old ones( still got to maintain the total number of positions, don't over trade). By using this strategy, I can make at least 1~300 hundreds bucks per day, without much attention. I can don't look at it for the whole day, because the positions are small, one lose won't hurt me, and my other positions are making money(as u know sideway market most stocks don't move much or even don't move at all ), so overall i still making money. ( of course i got to select my candidates carefully, so usually my direction is right, say today i got 5 positions, only one postion losing money, the rest four are making me money, so i still got $300+ profit), in this way, i can make some $1~ $2k profit per week.

The most important point here is to stay in the market, as long you stay in the market, you got chance, once you out of the market, you are totally out of this game. There are times you can play big, and there are times you can play small. When you have big positions, you can concentrate on it and still keep those small positions with less attention.

Some of charts

Just gone through tens of charts, of which some are near to resistance but still have room to move up. Monday US mkt close, so local market will be affected by Nikkei, HSI and China market.

I'm back

Folks,

It's probably pretty obvious that i've been MIA from the post over the past 2days or so. Hope you had enjoyed ur valentine's day with your loved one. Well...it's not my time yet. i was occupied with seminar for the two whole days. And my brain was just tired to care of any trading matters anymore after my last intraday trade for the week. Anyway, past week was great, my US acct gained 29.36%(it's a cash acct mainly options sometimes with few stocks) and sg stocks acct gained 14.84%. As you know, I could be much better if not the Thurday's last 50mins surge. It was really energy consuming.

I may be disappointed to you for no posts if you have visited my blog during past two days. I'll throw out some charts in the coming posts...However,please please do your own analysis and be responsible for your own trades,my opinion is just my own, it could be wrong. Food for thought okay. coming up soon...

DOW and STI

Dow hit its 3month low and rebounded dramatically last night, now you should know the little US government cause this happened: the government plan, Obama going to help those with mortgages payment difficulties. Dow is just beneath its resistance line, if tonight it close above it, the momentum should be up.



compare to US market, STI makes me feel more comfortable, that's why i prefer singapore market where you can make some cool and steady profit-- My profit still there. since market showing some bullishness after few down days. i closed my stagnant shorts and tightened stop loss price with the rest shorts...oh ya. I closed SPC short and longed it at the same time, so with the initial $100+ loss on open, now it turned to positive already.



going to go through all charts again see got any good candidates at support. Have a great day ahead!

If God giving u something but you don't want, he will take back

US market:
I was up thousands of bucks 50minutes before market close,and left just hundreds of bucks after market close. Believe it or not, it's not the destruction of paper profit bugs me, it's the waste of time and energy.

To trading in this kind of market requires a lot of concentration, energy and emotional control. and if you can score a 4-fiure profit for just one day, it's worthwhile. but if u sacrificed your sleeping time and didn't get anything more than that( or even loss), it's a disappointing waste of time.

Damn lucky i closed half of my puts and locked in some profit if not i will score a $0 pay day. The market doesn't owe a penny to anyone, but this market action really disgusted me:

Roller-coasting Time

US market dived down 245 point in morning session and recovered most of its loss at close. My profit up and down....a wasting of time and energy,emotional...will post again later..got to tighten up my stop loss point for my short positions.

HangSeng(HSI)

I got a short position in HangSeng @13,483 yesterday, it's trading @13,242. target at 13,146 for today. Will post again late tonight, Good luck.

My current positions

market very quiet in the morning...just do a quick summary of my positions.

US options:
APOL +5.88%
DBA +1.28%
DRI +1.45%
GS -4.38%
NSC +57.45%
POT +46.91% ,
overall +16.96% for the day. it was squeezed before market close due to mkt rebound.

Sg stocks currently i'm still holding these, include two US positions AAPL and MAR.

We got Sub-8000 close

US market last night sideway, stone-cold compare to a day before. But did u notice one thing? Dow had sub-8000 close for two days consecutively.this is getting interesting...

It's weird

Asian market didn't drop much actually compare to US market... DBS dropped in the morning and rebounded, UOB rebounded...This market is a bit weird.暴风雨来临前的宁静？ My profit was squeezed in the afternoon. With still holding few positions like SPC and Wilmar, they are quite safe since i short them at high price, I long Kepland before market close with the stop loss at 1.28, will go through charts and post later again...

Money not enough 2, 钱不够用2 (你吃饱了没 ？)

HA hahaha... MUST watch!!!




One more!!!

The"power" of speech?

Because of Timothy Geithnei's short on detail speech, market disappointed,market slumped. He's going to provide more details, but is it too late?

US mkt Heavy Selling Off

Guys, dow fell 300 points, if it stayed til mkt closed, our bias is to the downside, no more long please. Don't care what i said few posts back, it is what it is, no matter how bullish it seems to be, sometimes mkt just don't behave the way it should be...and u got to follow it. so for those stocks at support we might consider to short it if the support broken. my last post for today...nite.

Bias downside

My citibank(c) and Bank of America(BAC)stopped out with a minor gain 2 bucks/share in total(+47.2% Avg), closed AAPL straddle with minor gain 3 bucks/contract(18.2%only), it's disappointed, haven't hit my target but i don't want to give back the profit since mkt going to turn down. my puts doing pretty well.

See this toto stock!

Take a look at this stock...jump up 100% on mkt open. absolutely kinda of toto stock

comment and questions please

Hi friends, Do you see a comment tab under each post? nobody use it so far, this place is for you, just post ur comment and questions or any other ideas there, i'll reply you once i see it, within a day. or you can discuss among urself there too. Will be glad to see ur post there.

Buy on rumours, sell on news, again?

Market is watching and waiting on today's bank bailout plan, and stimulus package result... the old saying pop up my mind again: buy on rumous, sell on news. I less worried for my positions on US market as they are "well" hedged. after all, my bias is bearish. in fact most of ppl said to me they are bearished too, then i start to a bit worried in my mind--if most of time market just doesn't follow what we think, then what it should be this time, going up? what a contrarian thinking...tired. let's see it.

When do we dance again?

I got one word for today's market--boring. Shortist disappointed, and longist disappointed too. of course some of u maybe very happy if u bought capitaland.

US market is set to a retreat on open. but I'm just "gut" feeling market might be having a final rebound. some of charts are very promising if it does rebound,these are very low risk stocks which at their support and with bullish reversal candle pattern, so get ur self prepared, they are:

1. CityDev
2. Kepland
3. Suntec
4. UOB
5. F&N






Did u notice that cityDev, suntec, kepland are property stocks? their big brother capitaland today run up already...

SPC

oh..ya, haven't update sg stocks for tomorrow. US mkt flat now, kinda of inside day trading, with slight gain,23 pts on Dow($INDU),likely tmr sg mkt more towards downside.

ok, I found out this SPC is a very good example to show what kind of stock i prefer when to short.



UOL and Wing tai, place stop at recent high

AAPL, Citi and BAC

My Apple(AAPL) doing really great today. it already uped by 3 bucks at 102.79 now, just 5 days before when it was 90 bucks, fellow trader told me it's impossible for APPL to move up to 100 bucks by front month expiration(which it left 17days then)...US mkt is really huge and amazing...whenever always there are plenty of up and down stocks out there...there are different sectors in rotation--one up another down. i just moved my stop loss long position citigroup(C) and Bank of America(BAC)from 3.11& 4.01 up to 3.86 & 6.30 respectively. Keep your stop fresh everyday, don't give back your hard-earned profit. it's time for bed...

Shooting? Yes!

just went through all my charts, and I was astonished how many great shorting opportunities there are, the STI just simply lost its strenghth, dragged down by banking stocks and blue chips. will post some charts after my exercising, probably during US market hours.

A balance life and a healthy body is really important...our body is our temple. Friday night music+ drinking really relaxed me... see you later

Never say can't

Did you see these two dancers one without one arm, another short one leg? Really amazing...never say can't, only want or don't want.

美国单月裁员人数34年来最多

Read detail here: 如果工作都没了，消费者信心如何能够恢复? Are we ready for one more round jump down?

Now it's really crunch Time

Read detail here. US president Obama will give speech on his bank bailout plan and stimulus package on Monday, it's going to impact singapore mkt on tue..if it does. I'm holding rather small stocks long positions on Bank of America(BAC) and City group(C)as from TA point of view, they are so cheap and showing bullish divergence, and on Friday they are doing quite well, currently i'm holding:

BAC: Entry=4.66, Fri @6.13, up 1.47;
C: Entry=3.76, Fri@3.91,up 0.15 only, hope Monday Obama don't be disappointed

at same time i'm also holding options:
AAPL-- APR90 stranddle@16.4 Fri@18.4
DRI--Mar30 put@3.30 Fri entered
LLL--Mar80 put@4.6 Fri entered
NSC--Mar45 put@4.7 Fri entered, if market down, they should make me profit