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Squeeze Breakout Buys
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j3r0m3
Veteran |
10-Jun-2007 13:46
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dean, is your analysis based on bollinger bands alone? as a fellow newbie, you might wanna read up on Technical Analysis online via investopedia.com Just wanna share with all something which i felt kinda apt. "Start each day remembering the basics of technical analysis. Start with recognizing trends and then simple moving averages, and leave the more 'exotic indicators' to last. " |
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harryp
Veteran |
10-Jun-2007 12:22
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Hi Ray, Please include me in your list. Already e-mailed you. Cheers |
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dean88
Member |
10-Jun-2007 12:19
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hi Ray / Mentors, any comment on Nico Steel, looks like a breakout |
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ghlau935
Veteran |
10-Jun-2007 11:58
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A good post for u Ray, mine is ghlau935@yahoo.com.sg. |
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ozone2002
Supreme |
10-Jun-2007 11:14
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tat's a good idea...3 or more heads are better than 1.. my msn is ozone2002sg@hotmail.com |
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j3r0m3
Veteran |
10-Jun-2007 10:40
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Hi Ray, i would be the first to join in this learning group. However, i cannot log on to msn whilst i'm at work, thus its kinda difficult for me. nonetheless, i want to "learn how to fish", so that its a skill which i can use even when i'm retrenched or retired. (not that i am that old la) |
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rayphua
Member |
10-Jun-2007 10:34
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Updates and Fellowship Sorry for the lack of updates, needed to tend to personal matters. Am still actively trading and had passed on some buy calls to forum mates here that I contact on a regular basis. Was thinking, perhaps we could have a closer knit group of technical/fundamental members that we discuss with more regularly. I think it would help in several ways. First, buy calls can be filtered down/screened/collectively bought, etc. Second, forum folks who are not so familiar with technical/fundamental analysis could benefit from this sharing. The problem with sharing on forums is that analysis whether technical or fundamental is not in depth. With this closer knit group, whether you're proficient, or whether you use rumours/herd mentality induced decisions to invest, will stand to benefit. I'm sure everyone's been there before, I know I have. Picture the two scenarios: 1. You hear company X, now trading at 0.13, will soon be traded at 0.20 with a possible rto. You buy, it falls to 0.12, no problem, it will hit 0.20 soon. It falls to 0.11, hey, don't worry about stop losses, it will soon hit target. It falls, to 0.10, 0.09, and you say, uh oh, nah don't sell it, it's not worth the loss, sell when it gets higher. It falls to 0.08, and then 0.07. You've lost half your investments. 2. You read in papers on Satuday that company X, currently traded at 0.50, may be involved in a major project. You tell yourself to look at it closely on Monday. Monday comes and company gets traded in high volume, top 30, at 0.57. You think it's too high since it has gone up by 0.07. At 0.59, you think, wow, better get into the ride or you'll miss it completely. You buy. Counter goes to 0.60, and then falls to 0.57. The next day, counter falls further to 0.55. You're at a loss, not knowing what to do. So if the above, and other similar scenarios is familiar, perhaps this closer knit fellowship may help. I'm not selling anything here, folks familiar with me would know. Just trying to share and learn more from one another. So if you're keen, msn me at 63990898@onemail.com.sg for a start. Cheers. About Dow, borrowed from Reuters. NEW YORK, June 8 (Reuters) - U.S. stocks could move higher next week after a bond market rout led investors to wonder if the threat of inflation was on the horizon or if the economy was actually stronger than expected, and good for stocks. Major stock market gauges recovered on Friday after a bond sell-off pushed the benchmark 10-year U.S. Treasury note's yield up to 5.25 percent -- matching the fed funds rate target at one point -- from levels below 5 percent a week ago. That jump in government bond yields rattled investors who, skittish about a bull market that has lasted longer than most, worry that rising capital costs will cut corporate profits. Around midday on Friday, stocks began rallying as the 10-year note's yield retreated to around 5.11 percent. Friday's recovery after a three-day slide is a good indication of where the market is headed as investors realized they overreacted to a spike in market interest rates, said David Joy, market strategist at RiverSource Investments.
"Interest rates are where they should be, and we haven't had any inflation. This a little adjustment to a new level of rates, a level that the stock market doesn't have a problem with," Joy said. The blue-chip Dow Jones industrial average <.DJI> climbed 157.66 points, or 1.19 percent, to end Friday's session at 13,424.39. The broad Standard & Poor's 500 index <.SPX> gained 16.95 points, or 1.14 percent, to finish at 1,507.67. The Nasdaq Composite Index <.IXIC> advanced 32.16 points, or 1.27 percent, to close at 2,573.54. Falling oil prices on Friday also helped the major U.S. stock indexes rebound. U.S. crude oil for July <CLN7> slid $2.17 to settle at $64.76 a barrel on the New York Mercantile Exchange. For the week, NYMEX July crude fell 32 cents. For the week, though, the effects of the pullback were visible, with the Dow average ending down 1.78 percent, the S&P 500 falling 1.87 percent and the Nasdaq losing 1.54 percent. For the year so far, however, the Dow is still up 7.71 percent, while the S&P 500 is up 6.30 percent and the Nasdaq is up 6.55 percent. With memories of the dot-com bust still fresh, many investors are cautious and trying to identify an inflection point, Joy said. But stronger growth, absent inflationary pressures, is good for stocks, he said. "The bond market has realized rates should be a little higher, given how strong the economy is," he said. Investors will look for any change in language about interest rates when the Federal Reserve releases its Beige Book summary of regional economic conditions on Wednesday. Joy said he didn't expect to see the Fed change its interest-rate stance. Since last June, the Fed has held its fed funds rate for overnight bank loans steady at 5.25 percent.
CPI ON THE BRAIN The headline to watch for next week is inflation data that comes out on Friday, and possible inflationary signs in an industrial output and capacity utilization report later that day, Joy said. Investors will be a little bit wary of Friday's inflation data, leading to a drop in trading the day before, he said. But inflationary pressures are unlikely to appear for another six months or more, he said. A Labor Department report is expected to show that the overall U.S. Consumer Price Index rose 0.6 percent in May from 0.4 percent a month earlier. Stripping out food and energy, the core CPI likely rose 0.2 percent in May, the same as in April, according to economists polled by Reuters. U.S. industrial production probably increased in May, up 0.2 percent after April's rise of 0.7 percent, according to the Reuters poll. Capacity utilization at factories likely stayed the same at 81.6 percent in May. Friday's CPI data will be preceded on Thursday by a look at prices at the wholesale level. The forecast for the overall U.S. Producer Price Index calls for a gain of 0.6 percent in May, following an increase of 0.4 percent in April, according to the Reuters poll. Core PPI, excluding volatile food and energy prices, probably rose 0.2 percent in May, in comparison with no change in April. Among other data expected on Friday will be a preliminary reading on U.S. consumer sentiment in June from the Reuters/University of Michigan Surveys of Consumers. The June consumer sentiment index is forecast at 88.0, down from 88.3 in May. Manufacturing activity in New York state, as seen by the New York Fed's "Empire State" general business conditions index, likely rose to 10.8 in June from 8.03 in May.
WHAT THE BANKERS SEE Investors will get a taste of second-quarter earnings next week when chip maker Texas Instruments (TXN.N: Quote, Profile , Research) provides a mid-quarter financial update on Monday, and three of Wall Street's largest investment banks release fiscal quarter results. Lehman Brothers (LEH.N: Quote, Profile , Research) reports on Tuesday, while Bear Stearns (BSC.N: Quote, Profile , Research) and Goldman Sachs (GS.N: Quote, Profile , Research) report on Thursday. All three investment banks will release their quarterly scorecards before the opening bell on those respective days. "People will look to the brokerage comments about the markets in general and their outlook for their own companies," said Mark Bronzo, managing director at Gartmore Separate Accounts in Irvington, New York. (Wall St Week Ahead runs weekly. Questions or comments on this column can be e-mailed to: herbert.lash(at)reuters.com) |
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j3r0m3
Veteran |
10-Jun-2007 09:49
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Ray, would Federal's support be at 65c? Also what would its resistance be now that its reached blue sky high... Actually, what do you look out for in general to decide on an impending breakout potential? (Now at work, so no msn or email access ) |
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cyjjerry85
Elite |
09-Jun-2007 01:50
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i got into Federal at $0.655...but this ride will be short right? |
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rayphua
Member |
08-Jun-2007 16:41
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Agatha, when I call, I always enter. Btw, I've mentioned it twice already. Good luck. |
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Agatha
Member |
08-Jun-2007 16:40
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Ray Federal now 675 still can enter??? ray, I told you I will enter china sun on friday hor. BTW are you in the "tu-tu" train with us??? |
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ck2236
Member |
08-Jun-2007 16:31
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Agatha, welcome onboard China Sun "tu-tu" train Ray, Is that a call ??? Federal |
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rayphua
Member |
08-Jun-2007 16:28
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Federal |
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Agatha
Member |
08-Jun-2007 16:19
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Yes got in the train too, @715 this morning |
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ck2236
Member |
08-Jun-2007 16:13
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Hi Agatha, Got in to China Sun train ? oredi @ 0.715 I got in too early @ 0.730... No worries anyway... ck_2236@hotmail.com |
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Agatha
Member |
08-Jun-2007 16:09
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but i didnt see you online hor |
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K.H.Neo
Member |
08-Jun-2007 15:57
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try to send to u but cannot reject. |
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Agatha
Member |
08-Jun-2007 15:52
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yes i am KH |
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K.H.Neo
Member |
08-Jun-2007 15:42
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Agatha u still on MSN? |
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Agatha
Member |
08-Jun-2007 15:33
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OOOOOOOOOOOOOh ray #^%&*^ hope monday will be a better day. cashiertan, is correction coming?????????? |
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