ShareJunction - Member Posts

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Nikkei also gone ballistic.

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As at time now, intraday already broke above the upper sloping resistance at 0.55

richtan ( Date: 24-Jul-2009 00:14) Posted:

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

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Trade Summary shows more buy-up, it is a matter of time, it will break above 0.19:

BR9 (China Hongx)

WEIGHTED AVG PRICE : 0.1891	LAST DONE PRICE : 0.185
SPREAD/PRICE RATIO : 0.0270	AVG TRADE SIZE : 74.385

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.185

3

170

0

0.190

10

797

0

797

TOTAL

13

967

170

0

797

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Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

x 1

x 0

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

x 0

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

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U.S. Stocks Rally, Dow Tops 9,000 for First Time Since January

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By Matt Townsend

July 23 (Bloomberg) -- U.S. stocks rose, sending the Dow Jones Industrial Average above 9,000 for the first time since January, as EBay Inc., Ford Motor Co. and AT&T Inc. posted better-than-estimated results and home resales increased more than forecast.

EBay rallied 9.7 percent as its earnings signaled consumers’ appetite for online commerce is starting to recover. Ford jumped 9.9 percent after topping analyst estimates by paring expenses and adding market share. AT&T added 3.2 percent as new customers of Apple Inc.’s iPhone bolstered profit. D.R. Horton Inc. led homebuilders higher after sales of existing homes increased for a third straight month.

The S&P 500 advanced 2.3 percent to 975.64 at 11:41 a.m. in New York, the highest intraday level since Nov. 5. The Dow Jones Industrial Average gained 181.98 points, or 2.1 percent, to 9,063.24. The Nasdaq Composite Index surged 2.3 percent for a 12th straight gain, its longest streak since 1992. Benchmark indexes for Asia and Europe also rose.

“It’s been a good earnings season, given the backdrop that was there,” said Sarah Hunt, a money manager who helps oversee about $6 billion for Purchase New York-based Alpine Mutual Funds. “When you look at some of the estimates, they are expecting a better second half.”

The S&P 500 has rallied 10 percent since July 10 as earnings topped analysts’ estimates at 75 percent of the 158 companies in the index that reported results, including Caterpillar Inc., Intel Corp. and JPMorgan Chase & Co. Profits have fallen 25 percent on average from a year ago, according to data compiled by Bloomberg, less than the 33 percent drop forecast by analysts as of July 17.

‘Doing Well’

“Relative to the estimates, it looks like they are doing well,” said Stephen Wood, who helps manage $136 billion as chief market strategist for North America at Russell Investments in New York. “Part of that is an expectations game. Analyst estimates tend to lag, so some of that is a catch-up.”

EBay climbed 9.7 percent to $21.34 as the company forecast revenue in the next three months will be $2.05 billion to $2.15 billion. Analysts had estimated $2 billion.

Ford increased 9.9 percent to $7.01. The only major automaker to shun a U.S. rescue reported a second-quarter loss, excluding some items, of 21 cents a share. The average estimate of analysts surveyed by Bloomberg was for a loss of 50 cents.

“Ford looks like it’s improving its balance sheet, and its cash position looks pretty good,” said Hayes Miller, who helps manage $38 billion at Baring Asset Management Inc. in Boston. “Not only do we not have a potential for bankruptcy, but it looks like it’s improving itself at a quicker pace than Chrysler and GM.”

AT&T Climbs

AT&T added 3.2 percent to $25.64 after reporting second- quarter earnings, excluding some items of 54 cents a share, beating the average analyst estimate by 5.3 percent.

All 13 companies in a gauge of homebuilders advanced after sales of existing U.S. homes rose 3.6 percent in June to an annual rate of 4.89 million, the National Association of Realtors said in Washington. Economists in a survey had forecast an increase of 1.5 percent.

3M Co. gained 6.1 percent to $68.62, the biggest advance in the Dow, after the maker of Post-it Notes and Scotch Tape reported second-quarter profit excluding some items of $1.20 a share, beating the average analyst estimate by 28 percent. The company also raised its 2009 earnings forecast.

Fifth Third Bancorp, Ohio’s largest lender, gained 15 percent to $8.07 after reporting second-quarter earnings of $1.15 a share, compared with a loss of 37 cents a share a year earlier.

McDonald’s, Qualcomm Slump

McDonald’s Corp., the world’s largest restaurant company, sank 4.3 percent to $56.33, the biggest drop in four months. Second-quarter revenue declined more than analysts projected on slowing consumer demand and a stronger U.S. dollar.

Qualcomm Inc. declined 4.2 percent to $46.41 after the company forecast fourth-quarter sales that fell short of some analysts’ estimates, raising concern that handset demand is still slowing. Separately, South Korea’s antitrust regulator said it plans to fine the world’s biggest maker of mobile-phone chips a record 260 billion won ($208 million) for anti- competitive practices.

CIT Group Inc. slid 17 percent to 72 cents. Advisers to bondholders that rescued CIT with a $3 billion loan said creditors should push the company into Chapter 11 bankruptcy after a debt swap next month, according to a person familiar with the matter.

To contact the reporter on this story: Matt Townsend in New York at mtownsend9@bloomberg.net. Last Updated: July 23, 2009 11:44 EDT

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My favorite counters at this point in time: Hongxin, Ausgroup, Midas, Straits Asia - but dyodd.

petertan4949 ( Date: 24-Jul-2009 00:03) Posted:

richies tan, can ask what are your counter, can share or not?

richtan ( Date: 24-Jul-2009 00:00) Posted:

WOW!!!!! DOW go ballistic.

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Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

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WOW!!!!! DOW go ballistic.

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Nah... better dun thks me, this is just my view n I may be wrong too. Dyodd

jojoyeo ( Date: 23-Jul-2009 13:51) Posted:

Just sold my at 1.88 yesterday and thinking of loading it again.

Thanks for your timely warning!

richtan ( Date: 23-Jul-2009 11:49) Posted:

This is just my opinion, I may be right or wrong. Dyodd

Just a caution, dun chase after stock. Now up on very weak volume, yesterday shooting star (bearish),

may formed double top n pullback to the 15ema or 25ema or 65ema.

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Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

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x 0

des_khor ( Date: 23-Jul-2009 12:12) Posted:

What happen if HSI break 20000 ??

richtan ( Date: 23-Jul-2009 12:00) Posted:

Wow!! Nikkei going ballistic, to the moon...

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x 0

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

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x 0

This is just my view n opinion, dyodd.

Trade Summary shows heavy buying up:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.5472	LAST DONE PRICE : 0.555
SPREAD/PRICE RATIO : 0.0090	AVG TRADE SIZE : 70.168

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.535	1	52	52	0	0
0.540	27	1,603	608	0	995
0.545	68	2,951	1,235	0	1,716
0.550	3	2,043	1	0	2,042
0.555	20	1,701	0	0	1,701
TOTAL	119	8,350	1,896	0	6,454

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Wow!! Nikkei going ballistic, to the moon...

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This is just my opinion, I may be right or wrong. Dyodd

Just a caution, dun chase after stock. Now up on very weak volume, yesterday shooting star (bearish),

may formed double top n pullback to the 15ema or 25ema or 65ema.

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Most Asian Stocks Rise; Funai Gains, National Australia Falls

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By Masaki Kondo and Patrick Rial

July 23 (Bloomberg) -- Most Asian stocks rose, led by manufacturers that rely on U.S. demand as American housing prices unexpectedly gained. Financial companies declined after National Australia Bank Ltd. set the price for a share sale.

Funai Electric Co., which gets 71 percent of its revenue in North America, added 3.4 percent in Osaka. National Australia Bank, the nation’s top lender by assets, slumped 5.1 percent after pricing its stock sale at a discount. Woolworths Ltd., Australia’s biggest retailer, sank 2.8 percent as Royal Bank of Scotland Group Plc downgraded the stock on valuations.

“The sentiment is one of cautious optimism,” said Stephen Halmarick, Sydney-based head of investment markets research at Colonial First State, which holds about $110 billion. “The economy and markets are not likely to continue to recover in a straight line. There are going to be ebbs and flows.”

Almost five stocks gained for every three that declined on the MSCI Asia Pacific Index, which added 0.2 percent to 106.86 as of 11:53 a.m. in Tokyo. The gauge has gained 9 percent in the past eight days, the longest winning streak since January.

Hong Kong’s Hang Seng Index climbed 2.2 percent. Japan’s Nikkei 225 Stock Average added 0.1 percent, while Australia’s S&P/ASX 200 Index lost 0.2 percent.

South Korea’s Kospi Index dropped 0.3 percent. STX Pan Ocean Co., the country’s biggest bulk carrier, lost 1.3 percent after shipping fees slid for a third day.

Futures on the U.S. Standard & Poor’s 500 Index gained 0.3 percent. The gauge was little changed yesterday.

U.S. Housing

Average U.S. home prices rose 0.9 percent in May from April, the Federal Housing Finance Agency said yesterday. Prices were estimated to drop 0.2 percent, according to an economist survey.

Funai climbed 3.4 percent to 3,990 yen in Osaka trading. James Hardie Industries NV, the biggest seller of home siding in the U.S., rose 2.1 percent to A$4.85 in Sydney. Toyota Motor Corp., the world’s biggest automaker by market value, added 1.7 percent to 3,660 yen.

“Housing is no longer the drag on the market that kept pulling everything down,” said Mitsushige Akino, who oversees the equivalent of $522 million at Ichiyoshi Investment Management Co. in Tokyo. “Volumes remain light though, so shares are likely to remain range-bound until we can get some new sense of direction.”

National Australia Bank slumped 5.1 percent to A$22.39. The bank said it will sell shares at A$21.50 each ($18), a discount of 8.8 percent from the previous closing price. Rival Suncorp- Metway Ltd. lost 1.5 percent to A$6.80 and Bank of Queensland Ltd. slid 1.6 percent to A$10.33.

Broker Downgrade

Woolworths slumped 2.8 percent to A$26.80. Royal Bank of Scotland Group Plc slashed the rating on the stock to “hold” from “buy,” citing valuations.

The MSCI Asia Pacific Index’s eight-day rally has come amid better-than-expected earnings from U.S. companies including Apple Inc. and International Business Machines Corp. Shares in the gauge are valued at 24 times estimated net income, near the highest in almost four months.

“The market has really run ahead of itself in the last week or so,” Arjuna Mahendran, Singapore-based chief investment strategist for Asia at HSBC Private Bank, which oversees $494 billion in assets, said on Bloomberg Television. “We have reasonable optimism that the spate of above-expectation earnings that have been coming out will continue.”

STX dropped 1.3 percent to 11,650 won, while Korea Line Corp., South Korea’s No. 2 shipping line, sank 2.9 percent to 60,300 won. The Baltic Dry Index, a measure of shipping costs for commodities, slid 1.4 percent in London yesterday, bringing its three-day slump to 3.8 percent.

Oil Prices

Inpex Corp., Japan’s top oil explorer, sank 2.1 percent to 714,000 yen, while closest domestic rival Japan Petroleum Exploration Co. fell 2.5 percent to 4,650 yen. Mitsui & Co., a trading company that gets more than half its profit from commodities, sagged 1.6 percent to 1,121 yen.

Crude oil futures in New York dropped as much as 0.6 percent in electronic trading today, extending yesterday’s 0.3 percent decline.

Disco Corp., a Japanese maker of precision machinery, rose 3.6 percent to 4,330 yen. First-quarter revenue jumped 42 percent from the previous three months as demand recovered, the company said yesterday in a preliminary report.

To contact the reporter for this story: Masaki Kondo in Tokyo at mkondo3@bloomberg.net; Shani Raja in Sydney at sraja4@bloomberg.net. Last Updated: July 22, 2009 23:03 EDT

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Wow!!

Volume overtook yesterday's volume within 2 hours trading, could be breaking the high of 0.835 anytime soon.

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14 day RSI is at 50%, still neutral

richtan ( Date: 23-Jul-2009 10:52) Posted:

Alwaays remember, wat is overbot can be even more overbot n wat is oversold can be more oversold, the key (general rule) is to see cut-up above 30% line to buy n cut-down below 70% to sell

ozone2002 ( Date: 23-Jul-2009 10:07) Posted:

past 2 days down bar on low vol..indicating no sellin pressure

however technicals looking over bought..