Monday, January 18, 2010
Monday, January 11, 2010
Trading Plan for Monday (Jan 11, 2009)
This market has presented fantastic opportunities for some decent trades in the past few weeks.
Index traders have not benefited much though...due to a perceived flat market...which is not true.
If given a choice, of course everybody wants to trade the indexes so that they can do less work on stock analysis...lol. Analysing stocks is a tiring and tedious process and can shorten your life....hehe.
I am really suprised that this blog still has a lot of followers despite me purposely not posting a damn thing for weeks....
This week is OpEx week, so be careful out there...just don't be lured into any unnecessary traps...thats all I have to say.... If you like, you can still stick to some of the stocks that I posted....
After all, why open a can of worms if you have a choice not to do so... Trade safe and trade smart...
If you happen to like drinking Coca Cola....keep an eye to see where this dip will lead to....
Index traders have not benefited much though...due to a perceived flat market...which is not true.
If given a choice, of course everybody wants to trade the indexes so that they can do less work on stock analysis...lol. Analysing stocks is a tiring and tedious process and can shorten your life....hehe.
I am really suprised that this blog still has a lot of followers despite me purposely not posting a damn thing for weeks....
This week is OpEx week, so be careful out there...just don't be lured into any unnecessary traps...thats all I have to say.... If you like, you can still stick to some of the stocks that I posted....
After all, why open a can of worms if you have a choice not to do so... Trade safe and trade smart...
If you happen to like drinking Coca Cola....keep an eye to see where this dip will lead to....
Monday, January 4, 2010
Trading Plan for Tuesday (Jan 5, 2009)
GS could retest 176, taking out 180 will path a way for a retest of 190.
MOS is releasing earnings results on Tuesday, will be watching fertilizer names for any side effects.
SPG play could be interesting, at the moment this stock is resting on the 20 EMA on the daily chart. A more prudent buy will be around 74.72, we will see whether 83.83 resistance gets retested soon.
MOS is releasing earnings results on Tuesday, will be watching fertilizer names for any side effects.
SPG play could be interesting, at the moment this stock is resting on the 20 EMA on the daily chart. A more prudent buy will be around 74.72, we will see whether 83.83 resistance gets retested soon.
Sunday, December 27, 2009
Watchlist (Dec 28, 2009)
There are so many interesting potential trades out there, the list just goes on and on.
With the coming new year, I see the first 3 months of trading as risky and it is best to be prepared for any unforeseen profit taking activities by big funds.
So I narrowed my focus to as few items in my watch list as possible:
X is still moving, the target looks like the top of the wedge. On any pullbacks back to the black line, it is still a buy
The bonds yields are still on their way up, on any pullbacks it is still a buy. When stocks begin to sell off, yields should come back down....there is still plenty of time before the FED tightens rates
XOM is setting up for a huge move in either direction, the path with least resistance should win...
With the coming new year, I see the first 3 months of trading as risky and it is best to be prepared for any unforeseen profit taking activities by big funds.
So I narrowed my focus to as few items in my watch list as possible:
X is still moving, the target looks like the top of the wedge. On any pullbacks back to the black line, it is still a buy
The bonds yields are still on their way up, on any pullbacks it is still a buy. When stocks begin to sell off, yields should come back down....there is still plenty of time before the FED tightens rates
XOM is setting up for a huge move in either direction, the path with least resistance should win...
Monday, November 23, 2009
Dow Jones and GLD (Nov 23, 2009)
I am going to focus on the Dow Jones Industrial Average the charts are easier to analyse...SPX is a very big index and overhead resistance proves to be quite heavy...not sure if there are any benefits in trading it.
In the near term, I see the Dow moving towards 10552 - 10600.
I am also looking and GLD which I think still have a lot of potential upside. GLD has never reached this high in history, so there is no overhead resistance to be see....it can go as high as long as there is demand.... At the moment 114.28 is the projected target if we use fibonacci projection.
In the near term, I see the Dow moving towards 10552 - 10600.
I am also looking and GLD which I think still have a lot of potential upside. GLD has never reached this high in history, so there is no overhead resistance to be see....it can go as high as long as there is demand.... At the moment 114.28 is the projected target if we use fibonacci projection.
Friday, November 20, 2009
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