Thursday, November 25, 2010

Stocks

Despite the calling of the general trend to come down abit, i still buy stock due to it break out from technical buy point.
I am long on Indoagri ytd at 2.63 right now is trading at 2.71.

Another stock to watch is Genting. Can enter at 2.06.

Tuesday, November 23, 2010

mkt update

The world market still have abit more to drop before a up move.

Crude oil
Using technical my technical analysis, crude oil is going into selling. The selling will continue till about next week.

Stock market
The stock market around the world too will be continue selling. My 5 weeks advance have show rebound and then drop again till early Dec.My technical analysis have also show continuous selling. Common Technical analysis have show weakness too. From these analysis, there maybe another 2% drop.

Nothing is ever 100%. This is just my own opinion.

Nkorea and Skorea exchange artillery fire

http://www.channelnewsasia.com/stories/afp_asiapacific/view/1095109/1/.html
Nkorea and Skorea exchange artillery fire and killed two marines and injured 18 soldiers or civilians on a South Korean border island.

This has caused the regional market to have further bloodshed today. Same for the US market, the futures market of Dow, NASDAQ and S&P have went down 1% so far.

Sunday, November 21, 2010

Mkt update

After taking a look at the weekly and daily chart of major indices, the selling is not over yet.
On last thur 18 Nov, Dow jones went up 174 points, but STI on friday did not response to that. In fact, it went down. HSI too went down. That why i am still not long in the market.

Tuesday, November 16, 2010

US market is going to open in red??

In 1 hr time the US market is opening, I think it will be red and a 1 to 2 % drop maybe seen today.

Monday, November 15, 2010

Market movement

Hey folk

It is rather simple and everyone know that we are in a drop. Let get the general trend right, we are in a up trend.This is a big overall trend. Now we are having pull back.

In normal situation, when the dollar is strong, Gold will go down and the stock will go up. But in situation like now, which is quite irrational, when the dollar is weak, Gold and the stock goes up together. Because there are buyer that wanted a safe heaven that is gold and buyer who want to buy stock. So look at crude to lead the stocks. As economy is growing, the demand of oil will grow too thus the price of crude.

As i said in the last few posting that a big move will lead the way. A big up move have occur and it result a up n up n up move since 1st Nov in STI, the Us indices on the subsequent day. From technical point of view the up move is scary. Almost vertical, that is when i am cautious about it. I did bought stocks (as i said be long at the end of Oct, it came true) but in small quantity. This drop is a healthy drop. As all good bull run would have a drop and continue on the up move. I am still bullish on the overall trend.

Gd luck

Monday, November 8, 2010

Crude, Gold and Dow

Hey folk
Oh boy oh boy...
You seen the explosion of the market. If it dont fall it will blast through.

Right now you see crude oil, Dow jones and Gold hitting double top. It has pass through the double top by alittle, let see if it can stay. If it can stay then up up it will go. If not, then a correction will set in.

I am in Cosco. 1st Nov at 1.9, right now 8th Nov is 2.06..oh yeah baby.