tag:blogger.com,1999:blog-807911160929230472024-02-19T16:51:29.119+08:00Malaysia Stock Marketmystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.comBlogger115125tag:blogger.com,1999:blog-80791116092923047.post-20811978228900630792023-02-27T14:17:00.002+08:002023-02-27T14:17:08.654+08:00How to use Commodity Channel Index for trading<p> <span style="background-color: #f7f7f8; color: #374151; font-family: Söhne, ui-sans-serif, system-ui, -apple-system, "Segoe UI", Roboto, Ubuntu, Cantarell, "Noto Sans", sans-serif, "Helvetica Neue", Arial, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px; white-space: pre-wrap;">The Commodity Channel Index (CCI) is a popular technical analysis indicator used by traders to identify overbought and oversold levels of an asset. The CCI measures the difference between an asset's current price and its average price over a given period. Traders use the CCI to identify potential trend reversals and trade signals.</span></p><p style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; background-color: #f7f7f8; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; color: #374151; font-family: Söhne, ui-sans-serif, system-ui, -apple-system, "Segoe UI", Roboto, Ubuntu, Cantarell, "Noto Sans", sans-serif, "Helvetica Neue", Arial, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px; margin: 1.25em 0px; white-space: pre-wrap;">Here are some ways you can use the CCI indicator for trading:</p><ol style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; background-color: #f7f7f8; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; color: #374151; counter-reset: item 0; display: flex; flex-direction: column; font-family: Söhne, ui-sans-serif, system-ui, -apple-system, "Segoe UI", Roboto, Ubuntu, Cantarell, "Noto Sans", sans-serif, "Helvetica Neue", Arial, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px; list-style-image: initial; list-style-position: initial; margin: 1.25em 0px; padding: 0px 0px 0px 1rem; white-space: pre-wrap;"><li style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; margin: 0px; padding-left: 0.375em;"><p style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; margin: 0px;">Identifying overbought and oversold levels: When the CCI is above +100, it indicates that an asset is overbought, and when it is below -100, it indicates that the asset is oversold. Traders can use these levels to look for potential trend reversals or entry/exit points.</p></li><li style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; margin: 0px; padding-left: 0.375em;"><p style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; margin: 0px;">Spotting divergences: Traders can look for divergences between the CCI and an asset's price. For example, if an asset is making new highs while the CCI is making lower highs, it could indicate a potential trend reversal.</p></li><li style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; margin: 0px; padding-left: 0.375em;"><p style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; margin: 0px;">Using CCI as a momentum indicator: The CCI can also be used as a momentum indicator. When the CCI is moving up, it suggests that the momentum is positive, and when it is moving down, it suggests that the momentum is negative.</p></li><li style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; margin: 0px; padding-left: 0.375em;"><p style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; margin: 0px;">Combining CCI with other indicators: Traders can also combine the CCI with other technical analysis indicators, such as moving averages, to generate trading signals.</p></li></ol><p style="--tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-ring-color: rgba(59,130,246,0.5); --tw-ring-offset-color: #fff; --tw-ring-offset-shadow: 0 0 transparent; --tw-ring-offset-width: 0px; --tw-ring-shadow: 0 0 transparent; --tw-rotate: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-shadow-colored: 0 0 transparent; --tw-shadow: 0 0 transparent; --tw-skew-x: 0; --tw-skew-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; background-color: #f7f7f8; border: 0px solid rgb(217, 217, 227); box-sizing: border-box; color: #374151; font-family: Söhne, ui-sans-serif, system-ui, -apple-system, "Segoe UI", Roboto, Ubuntu, Cantarell, "Noto Sans", sans-serif, "Helvetica Neue", Arial, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px; margin: 1.25em 0px 0px; white-space: pre-wrap;">It is important to note that no single indicator can guarantee profitable trading outcomes, and traders should always use risk management strategies to limit potential losses. Additionally, traders should conduct thorough research and analysis before making trading decisions based on the CCI indicator.</p>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-36903181349992724622012-10-25T07:08:00.003+08:002012-10-25T07:08:55.649+08:00AirAsia Downtrend To Continue<br />
<div class="MsoNormal">
Lets look at AirAsia today.
This stock was on a downtrend from early July to Sep where a bottom was
formed on 27 Sep 2012. The rebound took
the stock to RM3.19 around the 38.2% retracement level. The
rebound was on a lower volume meaning that investors are not convinced that we
have seen the worst of the downswing.</div>
<div class="MsoNormal">
<o:p><br /></o:p></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOkfxMi1jRNljfJQqhyphenhyphenC9bj5ayQpLgl7tpvq3HcLaHge_Ha9QVFQgZPdo_qPIPHC1fUrREwZdFWR7ePvMs69D8cR6_bshEh8xKGXxqEaHX_l3A_edqhSzGgBzpUoTmLKeqNlu-t9RdVHQJ/s1600/airasia.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="208" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOkfxMi1jRNljfJQqhyphenhyphenC9bj5ayQpLgl7tpvq3HcLaHge_Ha9QVFQgZPdo_qPIPHC1fUrREwZdFWR7ePvMs69D8cR6_bshEh8xKGXxqEaHX_l3A_edqhSzGgBzpUoTmLKeqNlu-t9RdVHQJ/s400/airasia.png" width="400" /></a></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<o:p><br /></o:p></div>
<div class="MsoNormal">
A look at the GMMA indicator shows this picture. The long term investors are not coming in to
support the stock. The separation of the
long term moving averages are well spaced out. With long term investors looking at further
downside, there is only so much that the short term investors can do to prop up
the stock.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
There is a high probability that the stock will re-visit the
RM2.81 level. If this level holds and
the stock is able to clear the resistance of RM3.19, then there is a chance of
a change in trend. Currently, the bears
should still have the upper hand.</div>
mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com1tag:blogger.com,1999:blog-80791116092923047.post-84236379592799835662012-10-24T08:09:00.002+08:002012-10-24T08:09:34.890+08:00KLCI Still Bullish<br />
<div class="MsoNormal">
<st1:country -region="-region" w:st="on">US</st1:country>
market had a bad closing last night. Dow
plunged by 243 points. It seems like we
are seeing more volatility recently. With
earnings starting to disappoint investors it is likely that the volatility will
continue.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The KLCI chart formed an inverted hammer on 19 Oct. This pattern is bearish and the black candle
on 22 Oct confirms the bearish mood. So
where is the support level?</div>
<div class="MsoNormal">
<o:p><br /></o:p></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOjgve1gkfqt0RhFO2MHms61LXdAQgm3sZ0i43DvySxY_xgkZAlrZ5aVeSvgT91tbve03Ujjdt0KLXAyee_w0ea-IYTy3BOe6XS1NZ0T4I3QHITEBPtyDdb19zSp1GhtJbfAky719J8YiW/s1600/klci.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="269" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOjgve1gkfqt0RhFO2MHms61LXdAQgm3sZ0i43DvySxY_xgkZAlrZ5aVeSvgT91tbve03Ujjdt0KLXAyee_w0ea-IYTy3BOe6XS1NZ0T4I3QHITEBPtyDdb19zSp1GhtJbfAky719J8YiW/s320/klci.png" width="320" /></a></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The first support is at 1649 the pivot low made on 15 Oct. The next support will be at the 38.2%
Fibonacci retracement level of 1641. If
1641 fails to stop the sell down, the index is likely to test the 61.8% level
of 1623</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
A look at MACD indicator shows that the trend is still
bullish. ADX indicator is indicating a sideway trading
with value below 20 level indicating that there is no strong trend pattern at
the moment. The +DI is still above –DI indicator
suggesting that any sell down will be a correction under the current bullish
trend.</div>
mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com5tag:blogger.com,1999:blog-80791116092923047.post-13991938390827490702012-02-05T12:18:00.000+08:002012-02-05T12:18:10.281+08:00KLCI in uptrend<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIk-c1cjXqo9VYslpaklSo4WhlsifRmzMQ0amnnvCDB9aPqifD20arxP2NnIzkRmvf7-1Qzc4g1WkXgAnGGxtxeYAFzDC8hZFUtKzpM3bNDnc4utjzwK3tZ3OLcjv4B7dJXeQCo60XFdZR/s1600/klci.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIk-c1cjXqo9VYslpaklSo4WhlsifRmzMQ0amnnvCDB9aPqifD20arxP2NnIzkRmvf7-1Qzc4g1WkXgAnGGxtxeYAFzDC8hZFUtKzpM3bNDnc4utjzwK3tZ3OLcjv4B7dJXeQCo60XFdZR/s320/klci.png" width="320" /></a></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">As with other stock market worldwide, the KLCI index has made impressive gains in recent week making it a great start to the year of the water dragon.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">The bulls have managed to push the index above its 50 day and 200 day moving averages. The bullish move is confirmed in the GMMA chart with the bullish indication in both the short term traders chart and long term investor charts.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">With MACD about to make a bullish crossover pattern, expect the index to show continue strength. Note that ADX indicator is still at below 30 showing that the bullish move is not strong enough for a sustainable trend. So traders do need to be nimble in taking profit and not to be too aggressive to add on to their positions.</div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com2tag:blogger.com,1999:blog-80791116092923047.post-53480700212480522292012-01-15T14:21:00.002+08:002012-01-15T14:21:59.590+08:00KLCI Trading Sideways<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizjI0Z8WsaNHmZjyaJqIkVIZMn3j3GNojHzSv6NSnhygymdm8cmD08Fx4V-ZjMKgKi4OJ_EFcU3QfRJJGF_5MDzR_4F88ytpe0rEUYTdAhBDs42fkx1ROGxD6jdLRJkGj1kO50ZQJH89Zi/s1600/klci.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizjI0Z8WsaNHmZjyaJqIkVIZMn3j3GNojHzSv6NSnhygymdm8cmD08Fx4V-ZjMKgKi4OJ_EFcU3QfRJJGF_5MDzR_4F88ytpe0rEUYTdAhBDs42fkx1ROGxD6jdLRJkGj1kO50ZQJH89Zi/s320/klci.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="MsoNormal">Malaysia stock market remains in sideway trading range since the start of the new year. The KLCI index has moved in an upward fashion since Dec 21 and it looks as if the index is starting to feel lethargic moving forward.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">The index faces resistance at 1550 level and despite the index moving above its 200 day moving average, the market is facing headwinds which should limit the further upside. The index has established a support at 1500 level and judging from its 2 day RSI, the index will face further pullback in the next few trading days.</div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-62375903676319173642011-08-15T08:00:00.002+08:002011-08-15T08:00:51.183+08:00KLCI Downtrend To Continue<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgu5hobuflPPhRVj5vN85_hAxl6DbiUV37HrFreEhb7im0S_mtOIaWT8ZJ_5Fn0SuUHDF3mrnvVIgRecigxEmJXc1N2Q7D76eLFII6pxV9OkEYRnjUa55M8m1O9xNL6gWgFKERUK6CGFHIQ/s1600/klci.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgu5hobuflPPhRVj5vN85_hAxl6DbiUV37HrFreEhb7im0S_mtOIaWT8ZJ_5Fn0SuUHDF3mrnvVIgRecigxEmJXc1N2Q7D76eLFII6pxV9OkEYRnjUa55M8m1O9xNL6gWgFKERUK6CGFHIQ/s320/klci.png" width="320" /></a></div><div class="MsoNormal">The fall in Dow Jones Industrial Average shows a change in market trend and economic conditions.<span> </span>Big money from hedge funds, institution and fund managers withdrew in droves, causing great volatility in the market.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">Looking at the charts of KLCI, it looks very similar to the drop in 2008 when the Lehman Brothers collapse brought about a big drop in stock market worldwide.<span> </span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">The index is trying to find a bottom and it looks like a rebound may materialize.<span> </span>However, it will face resistance at around 1500 level.<span> </span>Judging from the magnitude of the decline, the bears are still in control and the strategy should be sell on strength as the market is poised to move lower.</div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-30605659056396899762011-07-09T12:53:00.000+08:002011-07-09T12:53:38.386+08:00KLCI In Bullish Trend<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU224Z1QGaF_kmjruKxvoS6bwKZFlK-E-HAF1R2lo3KI9kWQKDITvGrWZePntR9lZ1nxFp99g8laj4V5LrbnGwz9rjOwdpTQWQWxid4tR5MOX9cnROC5p5YFLBang7j4slShcHnd7ZtrLB/s1600/klci.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="296" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU224Z1QGaF_kmjruKxvoS6bwKZFlK-E-HAF1R2lo3KI9kWQKDITvGrWZePntR9lZ1nxFp99g8laj4V5LrbnGwz9rjOwdpTQWQWxid4tR5MOX9cnROC5p5YFLBang7j4slShcHnd7ZtrLB/s320/klci.png" width="320" /></a></div>KLCI broke out of its resistance level of 1560 level and it is now at the upper channel of the Bollinger band. <br />
<br />
The GAMMA chart is showing strong uptrend with the short term and long term groups of moving averages showing bullish trend.<br />
<br />
This shows that both short term traders and long term investors are supporting the market.<br />
<br />
In the short term, the market may pull back towards its 20 day moving averages. <br />
<br />
If it does so, then it will be a good time to add into your positions.mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-71543860593587539382011-03-07T08:20:00.000+08:002011-03-07T08:20:46.338+08:00KLCI Likely To Be In Trading Range<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeHUW7T7aHIWb-lbt5f5z6Artq26OgvK-obwqbJAxV1DVgZ_Su6k_7OohbhI5uklPYN7qKkG668rvZV3C1flXfGGrWbftYp7fHK7u22Cehg72BjWDeTQ6B0wjNwNues4bPrjDo7mYtlAFi/s1600/klci.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="188" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeHUW7T7aHIWb-lbt5f5z6Artq26OgvK-obwqbJAxV1DVgZ_Su6k_7OohbhI5uklPYN7qKkG668rvZV3C1flXfGGrWbftYp7fHK7u22Cehg72BjWDeTQ6B0wjNwNues4bPrjDo7mYtlAFi/s320/klci.png" width="320" /></a></div><div class="MsoNormal"><span lang="EN-SG" style="mso-ansi-language: EN-SG;">KLCI index rebounded off its lower Bollinger band on 28 Feb.<span style="mso-spacerun: yes;"> </span>The index is now above its 20 day moving average and is set to test its upper Bollinger band at around 1539 level.<o:p></o:p></span></div><div class="MsoNormal"><span lang="EN-SG" style="mso-ansi-language: EN-SG;"><br />
</span></div><div class="MsoNormal"><span lang="EN-SG" style="mso-ansi-language: EN-SG;">Technically the index looks bullish.<span style="mso-spacerun: yes;"> </span>The MACD indicator just made a bullish crossover with its signal line.<span style="mso-spacerun: yes;"> </span>The +DI is now above its –DI line.<span style="mso-spacerun: yes;"> </span>However the ADX indicator is still low at current levels and that means that we do not expect a strong uptrend.<span style="mso-spacerun: yes;"> </span>2 day RSI is reaching overbought levels and we will most likely see a pullback.<span style="mso-spacerun: yes;"> </span>The index looks set to remain in trading range between 1476 and 1539 levels.<o:p></o:p></span></div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-56223676881300256102011-01-29T14:16:00.002+08:002011-01-29T14:16:45.757+08:00KLCI In Correction Mode<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdPQc2FTBSiE-wOq-zdMw6-UOUm7JVCXINKPqnYyb8tbcRxcTdcyjwAZwgpgA6Wrho7m6MKtbpmfWw8f5cGUunt0v6o1jn-HWw1JxTfB9T8YzdwyOVUn6Djkm_Cn9-BFX2GDXfOtoYDaMC/s1600/klci.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdPQc2FTBSiE-wOq-zdMw6-UOUm7JVCXINKPqnYyb8tbcRxcTdcyjwAZwgpgA6Wrho7m6MKtbpmfWw8f5cGUunt0v6o1jn-HWw1JxTfB9T8YzdwyOVUn6Djkm_Cn9-BFX2GDXfOtoYDaMC/s320/klci.png" width="320" /></a></div><div class="MsoNormal">KLCI has been in correction mode for the past week.<span style="mso-spacerun: yes;"> </span>The index hit the upper Bollinger band and has now pulled to the lower boundary.<span style="mso-spacerun: yes;"> </span>It looks set for a rebound on 26 Jan but the bulls could not overcome the selling pressure.<span style="mso-spacerun: yes;"> </span>With the Dow Jones dropping more than 100 points on Friday, the index should drop below the lower boundary soon.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">The force index is also showing that the bears are having the upper hand.<span style="mso-spacerun: yes;"> </span>Buying could only start when the force index goes above the zero line. <span style="mso-spacerun: yes;"> </span>The MACD indicator is way below its signal line, giving more reasons for traders to go for a short position.<span style="mso-spacerun: yes;"> </span>The RSI rebounded from the oversold region but it did not manage to go above the 50% line.<span style="mso-spacerun: yes;"> </span>This is also a negative sign.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">All in, the index is likely to go lower next week. </div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-21319291563280202092011-01-19T11:54:00.000+08:002011-01-19T11:54:45.219+08:00OSK Holdings Berhad - Weakness ahead<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVxZ8DP0hAB0ExpEULP17EZQ2g7IOdkcyJstLUEzoiEdag7Fu3SCLmI-owgRmPIBD7QBAk9ZKtiAon_RwDc2nA2nKnRHWNTz6UPF1_F-QXSg-kzobLA7y69jvc4a6fphTb-twk_hdBq7XL/s1600/osk1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="189" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVxZ8DP0hAB0ExpEULP17EZQ2g7IOdkcyJstLUEzoiEdag7Fu3SCLmI-owgRmPIBD7QBAk9ZKtiAon_RwDc2nA2nKnRHWNTz6UPF1_F-QXSg-kzobLA7y69jvc4a6fphTb-twk_hdBq7XL/s320/osk1.png" width="320" /></a></div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlZH2M9h812B8Kfjf1KDE1H_R2H69hyphenhyphenOSLy7hyphenhyphenvoQecsL7eUSyOhKC-hovxgEAU5Dq2I6QhFncE0cq1Cp7qiOgSpuY7YgiwWHiHNqbL6ia7jgqAa7zIw2VONknIWTHbkTetSPXm6OpoBTc/s1600/osk2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="189" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlZH2M9h812B8Kfjf1KDE1H_R2H69hyphenhyphenOSLy7hyphenhyphenvoQecsL7eUSyOhKC-hovxgEAU5Dq2I6QhFncE0cq1Cp7qiOgSpuY7YgiwWHiHNqbL6ia7jgqAa7zIw2VONknIWTHbkTetSPXm6OpoBTc/s320/osk2.png" width="320" /></a></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">OKS Holdings Bhd made a double top formation and the share price has broken the support of RM1.97 which is the mid point of the “M” formation.<span style="mso-spacerun: yes;"> </span>This usually mean that the stock price is on its way down.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">The next support level is near RM1.70 which is the point at which the stock price rebounded from its previous uptrend channel line.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">MACD line is way beneath its signal line indicating that the bears are in firmly in control. RSI has not reached oversold levels so expect the selling to continue today.</div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com1tag:blogger.com,1999:blog-80791116092923047.post-90901684028404100572011-01-16T20:30:00.000+08:002011-01-16T20:30:20.965+08:00Tan Chong Motor Holdings Bhd<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlTl-jAiA-Y8hhuOwsSj_GXdG6Uvyl0Le3PuPwS_e8BX6V8b6iCjlA2KBc2DSZ00aPTtAftDJBSQRvEL6F8hjqHpI2H5w1yiJH0Mc0bECjbGMPwhE5B0hPt4Iz2aXH6xKJJdEPKU0kzXC5/s1600/tanchong.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="196" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlTl-jAiA-Y8hhuOwsSj_GXdG6Uvyl0Le3PuPwS_e8BX6V8b6iCjlA2KBc2DSZ00aPTtAftDJBSQRvEL6F8hjqHpI2H5w1yiJH0Mc0bECjbGMPwhE5B0hPt4Iz2aXH6xKJJdEPKU0kzXC5/s320/tanchong.png" width="320" /></a></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">Tan Chong Motor Hodings Bhd broke out of its down trend line on Thursday 13 Jan 2011 and it has managed to stay above the down trend for the Friday session.<span style="mso-spacerun: yes;"> </span>This is a good sign. <span style="mso-spacerun: yes;"> </span>The MACD indicator made a bullish crossover above its signal line indicating further strength may be possible.<span style="mso-spacerun: yes;"> </span>On the GAMMA charts, you can see that the shorter term moving averages are beginning to swing up meaning that short term traders are starting to push the prices up.<span style="mso-spacerun: yes;"> </span>The long term players have not joined in the party yet as shown by the longer term averages.<span style="mso-spacerun: yes;"> </span>The RM5.26 level is acting as a resistance for further up move.<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>Support is at the down trend line and subsequently at RM4.94 level.</div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-67139210327507922272011-01-08T11:15:00.002+08:002011-01-08T11:15:54.159+08:00KLCI Still Bullish<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimQQnKqSgJJInSeNXnvHE2NgohipoCd_Eotp8TuQfFRA8vRAUDAg2UXDv-_9kay07rHWQ0NhFYn_VmGsezIfgiZPgQYc1pr5Lyyq7UUtVyjcuAPj1R_zm21AzymFCyaCuDqqMsBDacnLn-/s1600/klci.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="184" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimQQnKqSgJJInSeNXnvHE2NgohipoCd_Eotp8TuQfFRA8vRAUDAg2UXDv-_9kay07rHWQ0NhFYn_VmGsezIfgiZPgQYc1pr5Lyyq7UUtVyjcuAPj1R_zm21AzymFCyaCuDqqMsBDacnLn-/s320/klci.png" width="320" /></a></div><div class="MsoNormal">The stock market made a great start for 2011.<span style="mso-spacerun: yes;"> </span>The KLCI index is up 54 points for the point, a move of 3.5%.<span style="mso-spacerun: yes;"> </span>The question is whether this is just the Capricorn effect or is it an indication of better times.<span style="mso-spacerun: yes;"> </span></div><div class="MsoNormal"><span style="mso-spacerun: yes;"><br />
</span></div><div class="MsoNormal">The index is now clinging onto the upper band of the Bollinger charts.<span style="mso-spacerun: yes;"> </span>And the last 2 days we see 2 black candles and the last black candle looked like a hammer.<span style="mso-spacerun: yes;"> </span>The appearance of a hammer in an uptrend is usually dangerous as it will point towards short term correction depending on whether the price can stay above the low of the hammer which is in our case at 1572.<span style="mso-spacerun: yes;"> </span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">Trend wise, the market still has positive momentum.<span style="mso-spacerun: yes;"> </span>The MACD indicator is safely above its signal line and the ADX indicator is approaching 40 level with +DI above –DI.<span style="mso-spacerun: yes;"> </span>All these points to a high probability of a continuing uptrend.<span style="mso-spacerun: yes;"> </span>The Force index is also favouring the bullish investors and traders.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">With indicators pointing towards further strength, it will be wise to load up during pull back phase.<span style="mso-spacerun: yes;"> </span>The support is at 1530 and any pullback towards this region is a good time to pick up some index stocks.<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-64521180981460128152011-01-02T13:07:00.002+08:002011-01-02T13:07:37.048+08:00Double Top and Head & Shoulder Pattern<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqNmdUCLrK9OqJleGvWczdzfxRuAFqjlpUYajL8RGbcz1nhRmCoMp0k3uBSbL5FUERGJ5Yp9iVPib75oNHTB_PER6SoEe0uQzZzysq3LOf2NixBhRTsOkDI_Gq-yzpHYdYuASRmhpUkRhP/s1600/pattern1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="167" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqNmdUCLrK9OqJleGvWczdzfxRuAFqjlpUYajL8RGbcz1nhRmCoMp0k3uBSbL5FUERGJ5Yp9iVPib75oNHTB_PER6SoEe0uQzZzysq3LOf2NixBhRTsOkDI_Gq-yzpHYdYuASRmhpUkRhP/s320/pattern1.png" width="320" /></a></div><div class="MsoNormal">Chart pattern is used extensively by traders to identify candidates that are likely to make a big move either upwards or downwards.<span style="mso-spacerun: yes;"> </span>Traders need to look out for two important patterns in 2011 in order to avoid being hit by a sell down.<span style="mso-spacerun: yes;"> </span>These two patterns are the double top formation and the head and shoulder formation</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">Conditions for double top formation</div><ol start="1" style="margin-top: 0in;" type="1"><li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;">Stock is in an uptrend</li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;">Forms a high that is lower than the previous high</li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;">Drops below the valley between the two highs</li>
</ol><div class="MsoNormal">Conditions for head and shoulder formation</div><ol start="1" style="margin-top: 0in;" type="1"><li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in;">Stock is in an uptrend</li>
<li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in;">Stock makes a lower high compared to the previous high</li>
<li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in;">Stock drops below the neckline between the two shoulders pattern</li>
</ol><div class="MsoNormal">Note that for these two patterns, the stock price needs to drop below the valley or neckline in order for the pattern to be valid.<span style="mso-spacerun: yes;"> </span>Once the formation is complete, the price will usually go down dramatically as these two patterns are closely watched by the bears to identify candidates to short.<span style="mso-spacerun: yes;"> </span></div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-83893889480027758022010-12-31T08:27:00.000+08:002010-12-31T08:27:11.839+08:00EURUSD Warning Signs<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvSznscH_W_oUmv-i6HBsKdg02UUe4FjgwWKjhLtfKZ6ok5NMzbIF6oe74D_Oj6-qKUuejVzRUoXoh0gRf3cu8Tt3ichqHB5vN5lwTWqk04cYNVXjAKUuFdNDAvxlHHDE_7AKBLF-LD-5B/s1600/eurusd.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="204" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvSznscH_W_oUmv-i6HBsKdg02UUe4FjgwWKjhLtfKZ6ok5NMzbIF6oe74D_Oj6-qKUuejVzRUoXoh0gRf3cu8Tt3ichqHB5vN5lwTWqk04cYNVXjAKUuFdNDAvxlHHDE_7AKBLF-LD-5B/s320/eurusd.png" width="320" /></a></div><div class="MsoNormal">EURUSD is making a comeback for the past few trading days.<span style="mso-spacerun: yes;"> </span>It has risen above its 20 day moving average which is a positive indication.<span style="mso-spacerun: yes;"> </span>The MACD indicator is still above its signal line showing that bulls still have the upper hand.<span style="mso-spacerun: yes;"> </span>But we should not lose sight of the big picture.<span style="mso-spacerun: yes;"> </span>If you look at the down swing from 25 Nov 2009 to 7 Jun 2010, the currency pair traded from its low in Jun 2010 to re-trace around 61.8% of the complete down swing.<span style="mso-spacerun: yes;"> </span>This coincides with the Fibnoacci Retracement rule and it still shows that the long term trend for this currency is still to the downside.<span style="mso-spacerun: yes;"> </span>However, we cannot ignore the fact that the currency is making higher lows and higher highs for the past few months.<span style="mso-spacerun: yes;"> </span>The danger is for the currency pair to fall below 1.30 level.<span style="mso-spacerun: yes;"> </span>This will violate the higher high and higher pattern.<span style="mso-spacerun: yes;"> </span>The 2 day RSI is approaching overbought levels and we will likely see the price testing its 20 day moving average in the next few trading days.<span style="mso-spacerun: yes;"> </span></div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com1tag:blogger.com,1999:blog-80791116092923047.post-64097252667000355372010-12-29T13:42:00.000+08:002010-12-29T13:42:47.529+08:00Coastal Contracts Bhd Weakness Ahead<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQXDOb0DGZIiKGrSFfrXNdVg0-3-AsA1wW1OOzT3JUL9Q4Oy0nduU6G6n-IFRmcbdZsTIyj1u9yY8ZpgCJYlGppltRhfnfOTkj7pgb3ChuCJ6ohEHpR2w8J3SREZdK_uM99Rm9-u34QIYq/s1600/coastal.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQXDOb0DGZIiKGrSFfrXNdVg0-3-AsA1wW1OOzT3JUL9Q4Oy0nduU6G6n-IFRmcbdZsTIyj1u9yY8ZpgCJYlGppltRhfnfOTkj7pgb3ChuCJ6ohEHpR2w8J3SREZdK_uM99Rm9-u34QIYq/s320/coastal.png" width="320" /></a></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">Coastal Contracts Bhd has been in a trading range between RM 2.4 and RM 2.1 for the past few months.<span style="mso-spacerun: yes;"> </span>It’s stock price has bounced off the lower boundary of the 20 day Bollinger band.<span style="mso-spacerun: yes;"> </span>The 20 day moving average is sloping downwards and will act as resistance for any up move.<span style="mso-spacerun: yes;"> </span>This resistance is currently at RM 2.2.<span style="mso-spacerun: yes;"> </span>The 2 day RSI is approaching overbought levels.<span style="mso-spacerun: yes;"> </span>This coupled with the fact that the MACD indicator is still below its signal line implies that the stock is unlikely to stay in overbought levels for long.<span style="mso-spacerun: yes;"> </span>The stock is unlikely to break the RM 2.2 resistance level and a test of RM 2.1 is likely in the next few trading session.<span style="mso-spacerun: yes;"> </span></div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-57545496365847459522010-12-09T14:52:00.002+08:002010-12-09T14:52:57.888+08:00How To Identify Strong Or Weak Stocks<div class="MsoNormal">In momentum trading, traders pick the strong stocks to go long and weak stocks to go short. However the key question here is how do you determine if a stock is a strong stock or a weak stock? <br />
<div class="MsoNormal"><br />
</div><div class="MsoNormal">You should be able to tell from the price chart if a stock is looking strong. For example if a stock keeps making higher low and higher high, it falls into the strong stock category. By the same token, if the stock is making lower high and lower low, it is considered a weak stock.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">A more mathematical method is to compute the distance between the current closing price and its 52 week’s price high and price low to determine which is the stronger and weaker stock trading in the market. </div><div class="MsoNormal"><br />
</div><div class="MsoNormal">The formula is as follows:</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"> Strength = (52 week high – closing price)/52 week high</div><div class="MsoNormal"> </div><div class="MsoNormal"> Weakness = (closing price – 52 week low)/52 week low</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">If you compute the Strength and Weakness value for every stock trading in the exchange and sort it based on its Strength and Weakness, you get a list of strong and weak stocks respectively.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">Based on the 7 Dec 2010 closing price of the 500 stocks in the S&P500 index, the list of strong stocks is:</div><div class="MsoNormal"><table border="2" cellpadding="2"><tbody>
<tr><th><span style="font-size: 85%;">Symbol </span></th><th><span style="font-size: 85%;">Strength</span></th><th><span style="font-size: 85%;">Close</span></th><th><span style="font-size: 85%;">Sector</span></th><th><span style="font-size: 85%;">Industry</span></th></tr>
<tr><td><span style="font-size: 85%;">CVX</span></td><td><span style="font-size: 85%;">0.003809237</span></td><td><span style="font-size: 85%;">86.30000305</span></td><td><span style="font-size: 85%;">Basic materials</span></td><td><span style="font-size: 85%;">Major integrated oil and gas</span></td></tr>
<tr><td><span style="font-size: 85%;">IFF</span></td><td><span style="font-size: 85%;">0.005945979</span></td><td><span style="font-size: 85%;">55.16999817</span></td><td><span style="font-size: 85%;">Basic materials</span></td><td><span style="font-size: 85%;">Specialty chemicals</span></td></tr>
<tr><td><span style="font-size: 85%;">PX</span></td><td><span style="font-size: 85%;">0.008431655</span></td><td><span style="font-size: 85%;">94.08000183</span></td><td><span style="font-size: 85%;">Basic materials</span></td><td><span style="font-size: 85%;">Synthetics</span></td></tr>
<tr><td><span style="font-size: 85%;">PPG</span></td><td><span style="font-size: 85%;">0.006667501</span></td><td><span style="font-size: 85%;">80.44999695</span></td><td><span style="font-size: 85%;">Conglomerates</span></td><td><span style="font-size: 85%;">Conglomerates</span></td></tr>
<tr><td><span style="font-size: 85%;">HRL</span></td><td><span style="font-size: 85%;">0.003592821</span></td><td><span style="font-size: 85%;">49.91999817</span></td><td><span style="font-size: 85%;">Consumer goods</span></td><td><span style="font-size: 85%;">Meat products</span></td></tr>
<tr><td><span style="font-size: 85%;">MKC</span></td><td><span style="font-size: 85%;">0.008097189</span></td><td><span style="font-size: 85%;">46.54999924</span></td><td><span style="font-size: 85%;">Consumer goods</span></td><td><span style="font-size: 85%;">Processed and packaged goods</span></td></tr>
<tr><td><span style="font-size: 85%;">CCE</span></td><td><span style="font-size: 85%;">0.008907806</span></td><td><span style="font-size: 85%;">25.59000015</span></td><td><span style="font-size: 85%;">Consumer goods</span></td><td><span style="font-size: 85%;">Beverages - soft drinks</span></td></tr>
<tr><td><span style="font-size: 85%;">XRX</span></td><td><span style="font-size: 85%;">0.009189692</span></td><td><span style="font-size: 85%;">11.85999966</span></td><td><span style="font-size: 85%;">Consumer goods</span></td><td><span style="font-size: 85%;">Business equipment</span></td></tr>
<tr><td><span style="font-size: 85%;">AMP</span></td><td><span style="font-size: 85%;">0.006901581</span></td><td><span style="font-size: 85%;">54.68000031</span></td><td><span style="font-size: 85%;">Financial </span></td><td><span style="font-size: 85%;">Asset management</span></td></tr>
<tr><td><span style="font-size: 85%;">AON</span></td><td><span style="font-size: 85%;">0.007722011</span></td><td><span style="font-size: 85%;">43.68999863</span></td><td><span style="font-size: 85%;">Financial </span></td><td><span style="font-size: 85%;">Insurance brokers</span></td></tr>
<tr><td><span style="font-size: 85%;">MMC</span></td><td><span style="font-size: 85%;">0.008971954</span></td><td><span style="font-size: 85%;">26.51000023</span></td><td><span style="font-size: 85%;">Financial </span></td><td><span style="font-size: 85%;">Insurance brokers</span></td></tr>
<tr><td><span style="font-size: 85%;">TMK</span></td><td><span style="font-size: 85%;">0.009245737</span></td><td><span style="font-size: 85%;">61.08000183</span></td><td><span style="font-size: 85%;">Financial </span></td><td><span style="font-size: 85%;">Life insurance</span></td></tr>
<tr><td><span style="font-size: 85%;">BIIB</span></td><td><span style="font-size: 85%;">0.002971281</span></td><td><span style="font-size: 85%;">67.11000061</span></td><td><span style="font-size: 85%;">Healthcare</span></td><td><span style="font-size: 85%;">Biotech</span></td></tr>
<tr><td><span style="font-size: 85%;">KG</span></td><td><span style="font-size: 85%;">0.004210556</span></td><td><span style="font-size: 85%;">14.18999958</span></td><td><span style="font-size: 85%;">Healthcare</span></td><td><span style="font-size: 85%;">Drug manfacturers - others</span></td></tr>
<tr><td><span style="font-size: 85%;">BDX</span></td><td><span style="font-size: 85%;">0.005985165</span></td><td><span style="font-size: 85%;">81.37999725</span></td><td><span style="font-size: 85%;">Healthcare</span></td><td><span style="font-size: 85%;">Medical instruments and supplies</span></td></tr>
<tr><td><span style="font-size: 85%;">ROP</span></td><td><span style="font-size: 85%;">0.002734462</span></td><td><span style="font-size: 85%;">76.58999634</span></td><td><span style="font-size: 85%;">Industrial goods</span></td><td><span style="font-size: 85%;">Industrial equipment and components</span></td></tr>
<tr><td><span style="font-size: 85%;">PLL</span></td><td><span style="font-size: 85%;">0.007170708</span></td><td><span style="font-size: 85%;">48.45999908</span></td><td><span style="font-size: 85%;">Industrial goods</span></td><td><span style="font-size: 85%;">Diversified machinery</span></td></tr>
<tr><td><span style="font-size: 85%;">SNA</span></td><td><span style="font-size: 85%;">0.007656701</span></td><td><span style="font-size: 85%;">55.72999954</span></td><td><span style="font-size: 85%;">Industrial goods</span></td><td><span style="font-size: 85%;">Small tools and accessories</span></td></tr>
<tr><td><span style="font-size: 85%;">ROK</span></td><td><span style="font-size: 85%;">0.008409406</span></td><td><span style="font-size: 85%;">69.56999969</span></td><td><span style="font-size: 85%;">Industrial goods</span></td><td><span style="font-size: 85%;">Industrial electrical equipment</span></td></tr>
<tr><td><span style="font-size: 85%;">FISV</span></td><td><span style="font-size: 85%;">0.001701587</span></td><td><span style="font-size: 85%;">58.66999817</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Business services</span></td></tr>
<tr><td><span style="font-size: 85%;">CHRW</span></td><td><span style="font-size: 85%;">0.004169377</span></td><td><span style="font-size: 85%;">76.43000031</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Air delivery and freight services</span></td></tr>
<tr><td><span style="font-size: 85%;">COST</span></td><td><span style="font-size: 85%;">0.005994836</span></td><td><span style="font-size: 85%;">69.63999939</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Discount variety stores</span></td></tr>
<tr><td><span style="font-size: 85%;">EXPD</span></td><td><span style="font-size: 85%;">0.006355943</span></td><td><span style="font-size: 85%;">56.27999878</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Air delivery and freight services</span></td></tr>
<tr><td><span style="font-size: 85%;">MCD</span></td><td><span style="font-size: 85%;">0.007412974</span></td><td><span style="font-size: 85%;">80.33999634</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Restaurants</span></td></tr>
<tr><td><span style="font-size: 85%;">ESRX</span></td><td><span style="font-size: 85%;">0.008229714</span></td><td><span style="font-size: 85%;">54.22999954</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Management services</span></td></tr>
<tr><td><span style="font-size: 85%;">AKAM</span></td><td><span style="font-size: 85%;">0.004964156</span></td><td><span style="font-size: 85%;">54.11999893</span></td><td><span style="font-size: 85%;">Technology</span></td><td><span style="font-size: 85%;">Internet information providers</span></td></tr>
<tr><td><span style="font-size: 85%;">ADI</span></td><td><span style="font-size: 85%;">0.006820523</span></td><td><span style="font-size: 85%;">37.86000061</span></td><td><span style="font-size: 85%;">Technology</span></td><td><span style="font-size: 85%;">Semiconductor - integrated circuits</span></td></tr>
<tr><td><span style="font-size: 85%;">TXN</span></td><td><span style="font-size: 85%;">0.006837085</span></td><td><span style="font-size: 85%;">33.40999985</span></td><td><span style="font-size: 85%;">Technology</span></td><td><span style="font-size: 85%;">Semiconductor - broad line</span></td></tr>
<tr><td><span style="font-size: 85%;">CPWR</span></td><td><span style="font-size: 85%;">0.007023698</span></td><td><span style="font-size: 85%;">11.31000042</span></td><td><span style="font-size: 85%;">Technology</span></td><td><span style="font-size: 85%;">Application software</span></td></tr>
<tr><td><span style="font-size: 85%;">A</span></td><td><span style="font-size: 85%;">0.007919726</span></td><td><span style="font-size: 85%;">37.58000183</span></td><td><span style="font-size: 85%;">Technology</span></td><td><span style="font-size: 85%;">Scientific and technical instruments</span></td></tr>
</tbody></table><br />
</div><span class="Apple-style-span" style="border-collapse: collapse;"></span><br />
<div class="MsoNormal"><span class="Apple-style-span" style="border-collapse: collapse;">The list of weak stocks is:</span></div><div class="MsoNormal"><span class="Apple-style-span" style="border-collapse: collapse;"><br />
</span><br />
<table border="2" cellpadding="2"><tbody>
<tr><th><span style="font-size: 85%;">Symbol </span></th><th><span style="font-size: 85%;">Weakness</span></th><th><span style="font-size: 85%;">Close</span></th><th><span style="font-size: 85%;">Sector</span></th><th><span style="font-size: 85%;">Industry</span></th></tr>
<tr><td><span style="font-size: 85%;">EOG</span></td><td><span style="font-size: 85%;">0.08708655</span></td><td><span style="font-size: 85%;">92.70999908</span></td><td><span style="font-size: 85%;">Basic materials</span></td><td><span style="font-size: 85%;">Independent oil and gas</span></td></tr>
<tr><td><span style="font-size: 85%;">CLX</span></td><td><span style="font-size: 85%;">0.080508095</span></td><td><span style="font-size: 85%;">62.18000031</span></td><td><span style="font-size: 85%;">Conglomerates</span></td><td><span style="font-size: 85%;">Conglomerates</span></td></tr>
<tr><td><span style="font-size: 85%;">DF</span></td><td><span style="font-size: 85%;">0.036465603</span></td><td><span style="font-size: 85%;">7.389999866</span></td><td><span style="font-size: 85%;">Consumer goods</span></td><td><span style="font-size: 85%;">Dairy products</span></td></tr>
<tr><td><span style="font-size: 85%;">K</span></td><td><span style="font-size: 85%;">0.051353151</span></td><td><span style="font-size: 85%;">48.90999985</span></td><td><span style="font-size: 85%;">Consumer goods</span></td><td><span style="font-size: 85%;">Processed and packaged goods</span></td></tr>
<tr><td><span style="font-size: 85%;">CAG</span></td><td><span style="font-size: 85%;">0.057359735</span></td><td><span style="font-size: 85%;">22.01000023</span></td><td><span style="font-size: 85%;">Consumer goods</span></td><td><span style="font-size: 85%;">Processed and packaged goods</span></td></tr>
<tr><td><span style="font-size: 85%;">GIS</span></td><td><span style="font-size: 85%;">0.066244774</span></td><td><span style="font-size: 85%;">35.04000092</span></td><td><span style="font-size: 85%;">Consumer goods</span></td><td><span style="font-size: 85%;">Processed and packaged goods</span></td></tr>
<tr><td><span style="font-size: 85%;">CL</span></td><td><span style="font-size: 85%;">0.076454904</span></td><td><span style="font-size: 85%;">78.16999817</span></td><td><span style="font-size: 85%;">Consumer goods</span></td><td><span style="font-size: 85%;">Personal products</span></td></tr>
<tr><td><span style="font-size: 85%;">CPB</span></td><td><span style="font-size: 85%;">0.079652261</span></td><td><span style="font-size: 85%;">33.90000153</span></td><td><span style="font-size: 85%;">Consumer goods</span></td><td><span style="font-size: 85%;">Processed and packaged goods</span></td></tr>
<tr><td><span style="font-size: 85%;">BAC</span></td><td><span style="font-size: 85%;">0.061467899</span></td><td><span style="font-size: 85%;">11.56999969</span></td><td><span style="font-size: 85%;">Financial </span></td><td><span style="font-size: 85%;">Regional - Mid atlantic banks</span></td></tr>
<tr><td><span style="font-size: 85%;">HCBK</span></td><td><span style="font-size: 85%;">0.069451875</span></td><td><span style="font-size: 85%;">11.97999954</span></td><td><span style="font-size: 85%;">Financial </span></td><td><span style="font-size: 85%;">Savings and loans</span></td></tr>
<tr><td><span style="font-size: 85%;">PBCT</span></td><td><span style="font-size: 85%;">0.070491854</span></td><td><span style="font-size: 85%;">13.06000042</span></td><td><span style="font-size: 85%;">Financial </span></td><td><span style="font-size: 85%;">Savings and loans</span></td></tr>
<tr><td><span style="font-size: 85%;">FHN</span></td><td><span style="font-size: 85%;">0.082618078</span></td><td><span style="font-size: 85%;">10.09000015</span></td><td><span style="font-size: 85%;">Financial </span></td><td><span style="font-size: 85%;">Regional - Southeast banks</span></td></tr>
<tr><td><span style="font-size: 85%;">AMGN</span></td><td><span style="font-size: 85%;">0.057103121</span></td><td><span style="font-size: 85%;">53.13000107</span></td><td><span style="font-size: 85%;">Healthcare</span></td><td><span style="font-size: 85%;">Biotechnology</span></td></tr>
<tr><td><span style="font-size: 85%;">ISRG</span></td><td><span style="font-size: 85%;">0.059337495</span></td><td><span style="font-size: 85%;">260.6499939</span></td><td><span style="font-size: 85%;">Healthcare</span></td><td><span style="font-size: 85%;">Medical appliances and equipment</span></td></tr>
<tr><td><span style="font-size: 85%;">ABT</span></td><td><span style="font-size: 85%;">0.060284018</span></td><td><span style="font-size: 85%;">46.88999939</span></td><td><span style="font-size: 85%;">Healthcare</span></td><td><span style="font-size: 85%;">Drug manufacturers - major</span></td></tr>
<tr><td><span style="font-size: 85%;">THC</span></td><td><span style="font-size: 85%;">0.076530538</span></td><td><span style="font-size: 85%;">4.21999979</span></td><td><span style="font-size: 85%;">Healthcare</span></td><td><span style="font-size: 85%;">Hospitals</span></td></tr>
<tr><td><span style="font-size: 85%;">ZMH</span></td><td><span style="font-size: 85%;">0.086449102</span></td><td><span style="font-size: 85%;">50.27000046</span></td><td><span style="font-size: 85%;">Healthcare</span></td><td><span style="font-size: 85%;">Medical appliances and equipment</span></td></tr>
<tr><td><span style="font-size: 85%;">LLY</span></td><td><span style="font-size: 85%;">0.09435657</span></td><td><span style="font-size: 85%;">34.11000061</span></td><td><span style="font-size: 85%;">Healthcare</span></td><td><span style="font-size: 85%;">Drug manufacturers - major</span></td></tr>
<tr><td><span style="font-size: 85%;">LMT</span></td><td><span style="font-size: 85%;">0.037046919</span></td><td><span style="font-size: 85%;">69.44999695</span></td><td><span style="font-size: 85%;">Industrial goods</span></td><td><span style="font-size: 85%;">Aerospace/Defense products and services</span></td></tr>
<tr><td><span style="font-size: 85%;">PHM</span></td><td><span style="font-size: 85%;">0.083197348</span></td><td><span style="font-size: 85%;">6.639999866</span></td><td><span style="font-size: 85%;">Industrial goods</span></td><td><span style="font-size: 85%;">Residential construction</span></td></tr>
<tr><td><span style="font-size: 85%;">BIG</span></td><td><span style="font-size: 85%;">0.002465646</span></td><td><span style="font-size: 85%;">28.45999908</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Discount variety stores</span></td></tr>
<tr><td><span style="font-size: 85%;">SVU</span></td><td><span style="font-size: 85%;">0.015853673</span></td><td><span style="font-size: 85%;">8.329999924</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Grocery stores</span></td></tr>
<tr><td><span style="font-size: 85%;">SAI</span></td><td><span style="font-size: 85%;">0.067249496</span></td><td><span style="font-size: 85%;">15.86999989</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Technical services</span></td></tr>
<tr><td><span style="font-size: 85%;">RSH</span></td><td><span style="font-size: 85%;">0.084268381</span></td><td><span style="font-size: 85%;">18.94000053</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Electronics stores</span></td></tr>
<tr><td><span style="font-size: 85%;">KR</span></td><td><span style="font-size: 85%;">0.093890482</span></td><td><span style="font-size: 85%;">20.68000031</span></td><td><span style="font-size: 85%;">Services</span></td><td><span style="font-size: 85%;">Grocery stores</span></td></tr>
<tr><td><span style="font-size: 85%;">CSCO</span></td><td><span style="font-size: 85%;">0.020526284</span></td><td><span style="font-size: 85%;">19.38999939</span></td><td><span style="font-size: 85%;">Technology</span></td><td><span style="font-size: 85%;">Networking and communication devices</span></td></tr>
<tr><td><span style="font-size: 85%;">NRG</span></td><td><span style="font-size: 85%;">0</span></td><td><span style="font-size: 85%;">18.85000038</span></td><td><span style="font-size: 85%;">Utilities</span></td><td><span style="font-size: 85%;">Electric Utilities</span></td></tr>
<tr><td><span style="font-size: 85%;">CEG</span></td><td><span style="font-size: 85%;">0.011255981</span></td><td><span style="font-size: 85%;">28.29999924</span></td><td><span style="font-size: 85%;">Utilities</span></td><td><span style="font-size: 85%;">Electric Utilities</span></td></tr>
<tr><td><span style="font-size: 85%;">ETR</span></td><td><span style="font-size: 85%;">0.022687719</span></td><td><span style="font-size: 85%;">70.41000366</span></td><td><span style="font-size: 85%;">Utilities</span></td><td><span style="font-size: 85%;">Electric Utilities</span></td></tr>
<tr><td><span style="font-size: 85%;">FE</span></td><td><span style="font-size: 85%;">0.090864527</span></td><td><span style="font-size: 85%;">35.56000137</span></td><td><span style="font-size: 85%;">Utilities</span></td><td><span style="font-size: 85%;">Electric Utilities</span></td></tr>
</tbody></table><br />
<span class="Apple-style-span" style="border-collapse: collapse;">You can derive some basic information based on the list. For example, the Utilities sector is not doing well whereas Technology sector has more strong stocks. </span></div><br />
<span class="Apple-style-span" style="border-collapse: collapse;"> </span></div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-41410260058691578132010-11-28T07:34:00.001+08:002010-11-28T07:38:26.317+08:00Investment Madness<div class="MsoNormal">We are all prone to having psychological preconceptions or biases that make us behave in certain ways. These biases influence how we assimilate the information we come in contact with on a daily basis. They also have an impact on how we utilize that information to make decisions.</div><div class="MsoNormal"><br />
Our very own psychological biases have an impact on our investment decisions and affect our attempts at building wealth.<br />
<br />
</div><table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;"><tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;"> <td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">P<b>sychological Bias</b></div></td> <td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><b>Effect on Investment Behavior</b></div></td> <td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;"><b>Consequence</b></div></td> </tr>
<tr style="mso-yfti-irow: 1;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Overconfidence</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Trade too much. Take too much risk and fail to diversify</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Pay too much in commissions and taxes. Susceptible to big losses</div></td> </tr>
<tr style="mso-yfti-irow: 2;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Attachment</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Become emotionally attached to a security and see it through rose-colored glasses<br />
<br />
</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Susceptible to big losses</div></td> </tr>
<tr style="mso-yfti-irow: 3;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Endowment</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Want to keep the securities received</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Not achieving a match between your investment goals and your investments<br />
<br />
</div></td> </tr>
<tr style="mso-yfti-irow: 4;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Status Quo</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Hold back on changing your portfolio</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Failure to adjust asset allocation and begin contributing to retirement plan<br />
<br />
</div></td> </tr>
<tr style="mso-yfti-irow: 5;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Seeking Pride</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Sell winners too soon</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Lower return and higher taxes<br />
<br />
</div></td> </tr>
<tr style="mso-yfti-irow: 6;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Avoiding Regret</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Hold losers too long</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Lower return and higher taxes<br />
<br />
</div></td> </tr>
<tr style="mso-yfti-irow: 7;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">House Money</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Take too much risk after winning</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Susceptible to big losses<br />
<br />
</div></td> </tr>
<tr style="mso-yfti-irow: 8;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Snake Bit</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Take too little risk after losing</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Lose chance for higher return in the long term<br />
<br />
</div></td> </tr>
<tr style="mso-yfti-irow: 9;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Get Even</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Take too much risk trying to get break even<br />
<br />
</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Susceptible to big losses</div></td> </tr>
<tr style="mso-yfti-irow: 10;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Social Validation</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Feel that it must be good if others are investing in the security</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Participate in price bubble which ultimately causes you to buy high and sell low<br />
<br />
</div></td> </tr>
<tr style="mso-yfti-irow: 11;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Mental Accounting</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Fail to diversify</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Not receiving the highest return possible for the level of risk taken<br />
<br />
</div></td> </tr>
<tr style="mso-yfti-irow: 12;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Cognitive Dissonance </div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Ignore information that conflicts with prior beliefs and decisions</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Reduces your ability to evaluate and monitor your investment choices<br />
<br />
</div></td> </tr>
<tr style="mso-yfti-irow: 13;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Representativeness</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Think things that seem similar must be alike. So a good company must be a good investment<br />
<br />
</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Purchase overpriced stocks</div></td> </tr>
<tr style="mso-yfti-irow: 14; mso-yfti-lastrow: yes;"> <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.6pt;" valign="top" width="218"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Familiarity </div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.85pt;" valign="top" width="213"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Think companies that you know seem better and safer</div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 138.65pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">Failure to diversify and put too much faith in the company in which you work<br />
<br />
</div></td> </tr>
</tbody></table><div class="MsoNormal"><br />
<o:p> </o:p>If you want to read more regarding human psychology and how it affects our trading and investment, please read the book “Investment Madness How Psychology Affects Your Investing and What to Do About It” by JOHN R NOFSINGER<br />
<iframe align="left" frameborder="0" marginheight="0" marginwidth="0" scrolling="no" src="http://rcm.amazon.com/e/cm?t=stocmarkupda-20&o=1&p=8&l=bpl&asins=0130422002&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="align: left; height: 245px; padding-right: 10px; padding-top: 5px; width: 131px;"></iframe></div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-17933049115980995432010-11-14T20:52:00.001+08:002010-11-14T20:54:28.113+08:00KLCI Taking A Breather<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgc9_que1w6-ZpyCar8VfVeiNz63xKK-iTCG76o2Nrd3CU-I0FCIiod29J_Z1DcDvz5zTZRdEQXnbzlTZU6QIaeBgRs00vp-pP7YzllJcYVuVkPDDngKS0_DCfjL4JG43MustLhEynzVhmU/s1600/klci.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 231px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgc9_que1w6-ZpyCar8VfVeiNz63xKK-iTCG76o2Nrd3CU-I0FCIiod29J_Z1DcDvz5zTZRdEQXnbzlTZU6QIaeBgRs00vp-pP7YzllJcYVuVkPDDngKS0_DCfjL4JG43MustLhEynzVhmU/s400/klci.png" border="0" alt="" id="BLOGGER_PHOTO_ID_5539387772382586562" /></a><br /><p class="MsoNormal"><st1:country-region st="on"><st1:place st="on">US</st1:place></st1:country-region> market continued to fall on Friday with the Dow Industrial Average closing down 90 over points at the close.<span style="mso-spacerun:yes"> </span>The drop was not as bad as initially thought and it is not as drastic as the drop we saw in <st1:country-region st="on"><st1:place st="on">China</st1:place></st1:country-region>’s market.<span style="mso-spacerun:yes"> </span>However, the negative momentum will set a negative tone on next week’s trading.</p> <p class="MsoNormal">The KLCI has dropped for the past 2 trading session and the index looks set to test it’s 50 day moving average.</p> <p class="MsoNormal">MACD is beginning to turn bearish with the indicator below its signal line.<span style="mso-spacerun:yes"> </span>–DI is about to go above +DI which implies that the current up trend is likely to take a break.</p> <p class="MsoNormal">Judging from the technical charts, the index is likely to drop below its 50 day moving average.<span style="mso-spacerun:yes"> </span>The question then will be whether there is going to be a change in trend or just a pause in the rally.<span style="mso-spacerun:yes"> </span><span style="mso-spacerun:yes"> </span> </p>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-4956044453473135322010-11-10T07:01:00.005+08:002010-11-10T13:36:51.464+08:002B Breakout SystemThe 2 bar breakout system is designed to capture short term trends by going long or short depending on the pattern formed by the 2 most recent price bars. The essence of this method is to look for reversal of the immediate directional momentum.<br /><br />The rules of this method are:<br /><br />Long trades<br /><br />Enter:<br />1. Today’s low is less than the previous day low<br />2. Today’s high is less than the previous day high<br />3. Today’s close is less than the open<br />4. Go long at the next trading bar if the price goes above today’s high + 1 tick<br /><br /><div>Exit:<br />1. Use a trailing stop at previous day’s low<br /><br />Short trades<br /><br />Enter:<br />1. Today’s low is greater than the previous day low<br />2. Today’s high is greater than the previous day high<br />3. Today’s close is greater than the open<br />4. Go short at the next trading bar if the price goes below today’s low - 1 tick<br /><br /></div><div>Exit:<br />1. Use a trailing stop at previous day’s high<br /><br />To see this method in action, let’s try it out on AUDUSD currency pair.<br /><br />For long trades, the trading record is as such: <div><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0JRe9nbupVGFwu1ihDoGND4923cASHQBLEmSbj1_Bpa8kYEDxFIgWJOtFIGwPVbflwlsIFlkbVLKZqLOEIauyNS1P_w75GfAzDixEUMH5XBZC9NOBE0ApKKUGzIxQuKuLa-ILUxGbC15i/s1600/audusd.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 334px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5537690134277106994" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0JRe9nbupVGFwu1ihDoGND4923cASHQBLEmSbj1_Bpa8kYEDxFIgWJOtFIGwPVbflwlsIFlkbVLKZqLOEIauyNS1P_w75GfAzDixEUMH5XBZC9NOBE0ApKKUGzIxQuKuLa-ILUxGbC15i/s400/audusd.png" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHOyEElwyxnmPQUvaj-YdkuX1U0sGIzy8NuUCwhdgu-czKOnQR29OOE1YMjUpLMwIHSzve55bKLHS0UDPCA93v9lOA4FgHdnbhZi4zVvHcVusmdCixFJjDV1rBnrhON-6LFWdnSRf4XBzQ/s1600/audusd1.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 291px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5537690135243418882" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHOyEElwyxnmPQUvaj-YdkuX1U0sGIzy8NuUCwhdgu-czKOnQR29OOE1YMjUpLMwIHSzve55bKLHS0UDPCA93v9lOA4FgHdnbhZi4zVvHcVusmdCixFJjDV1rBnrhON-6LFWdnSRf4XBzQ/s400/audusd1.png" /></a>This method generates 23 trading signals from May 2009 till Oct 2010. Of the 23 trades, 14 were profitable (not considering transaction cost). That gives a winning probability of 60.87%. </div></div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com1tag:blogger.com,1999:blog-80791116092923047.post-78597966342144932892010-10-17T10:20:00.001+08:002010-10-17T10:22:58.886+08:00Coastal Contracts Bhd - Moving Up<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrMRRUn-vBBtfcuJNRib40mAwZXnw69gX26ALiKVPbl5JaJfLYJSqbX5jjmqqrClR48grROfDYar1JpBtDj9tfQShMm6gLOBBM_H6hJUpJLrfq4MKxAOX3j1wrZzCcY95beSM4S6_5c1xs/s1600/costal.png"><img style="display: block; margin: 0px auto 10px; text-align: center; cursor: pointer; width: 400px; height: 237px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrMRRUn-vBBtfcuJNRib40mAwZXnw69gX26ALiKVPbl5JaJfLYJSqbX5jjmqqrClR48grROfDYar1JpBtDj9tfQShMm6gLOBBM_H6hJUpJLrfq4MKxAOX3j1wrZzCcY95beSM4S6_5c1xs/s400/costal.png" alt="" id="BLOGGER_PHOTO_ID_5528834480371013506" border="0" /></a><br /><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> <w:dontgrowautofit/> </w:Compatibility> <w:browserlevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><!--[if gte mso 9]><xml> <w:latentstyles deflockedstate="false" latentstylecount="156"> </w:LatentStyles> </xml><![endif]--><style> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} --> </style><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} </style> <![endif]--> <p class="MsoNormal">Commodities have a bright future given the fact that further quantitative easing in US will ultimately lead to inflation.<span style=""> </span>This means that there is further catalyst in the pipeline for commodity price to move up.</p><p class="MsoNormal"><br /></p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">Companies like Coastal Contracts Bhd looks set to benefit from the commodity up tick.<span style=""> </span>The stock price has been moving in a consolidation range and is now close to the RM2.40 resistance level.<span style=""> </span>ADX is beginning to move up and this coincides with the gain in momentum.</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal"><br /></p><p class="MsoNormal">MACD indicator has moved above its signal line and stochastic chart is still in bullish territory.<span style=""> </span>I will look to buy the counter if it manages to break the RM2.40 resistance level.<span style=""> </span>Support is at RM2.20 level.</p>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-79344511393312129102010-09-21T07:57:00.002+08:002010-09-21T08:08:28.239+08:00MISC - Potential To Test RM9.1<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-_g6neiPvrrj7yTFqDjpG3ynuPWMfLJRG0AwcDoAbVnLPK1JRFWIHH03sNItiRe4TnWth6jkCDp5Zkx-QCE5HlEIky2BQsQSKIW8ZvYbNxvXkudNeYLMoT1RAj-OdhwK79pXVA8KbVbTR/s1600/MISC.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 378px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-_g6neiPvrrj7yTFqDjpG3ynuPWMfLJRG0AwcDoAbVnLPK1JRFWIHH03sNItiRe4TnWth6jkCDp5Zkx-QCE5HlEIky2BQsQSKIW8ZvYbNxvXkudNeYLMoT1RAj-OdhwK79pXVA8KbVbTR/s400/MISC.png" border="0" alt="" id="BLOGGER_PHOTO_ID_5519151878611786338" /></a><br /><p class="MsoNormal">MISC hit a high of RM9.1 on 14 Sep 2010.<span style="mso-spacerun:yes"> </span>While the ability to reach a high of RM9.1 was a bullish move, the candlestick ended on the weak side with an inverted hammer pattern.<span style="mso-spacerun:yes"> </span>When this pattern appears during an uptrend, it usually points to weakness for the next few days.<span style="mso-spacerun:yes"> </span>This was evident from the price chart.</p> <p class="MsoNormal"><o:p> </o:p>The price of the stock is now near its 50 day moving average.<span style="mso-spacerun:yes"> </span>With the 2 day RSI forming an up tick, it is likely for the stock to move up in the next few days.<span style="mso-spacerun:yes"> </span>However, the bearish crossover in the MACD chart points to a potential of a further down swing.<span style="mso-spacerun:yes"> </span>Support is at RM8.7 level and resistance is at RM9.1 level.<span style="mso-spacerun:yes"> </span>So long as the stock stays above its 50 day moving average, the bulls are safe.<span style="mso-spacerun:yes"> </span></p>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-2188276203001893422010-08-31T07:24:00.002+08:002010-08-31T07:25:54.335+08:00QSR In Healthy Pullback<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUbjDZw4xDWKNPMiHd-9JegT5Bx_jKASg4z0-tYDF0QcMZtyhbwNg_hk6n1b1SR9zqFJ45fhm4U_XSaq8qQybg4CVxuJbewzgoRGHE44ir7YD1x5KY5JTlXCS743ZePWZtEBT52NAIEZtP/s1600/QSR.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 237px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUbjDZw4xDWKNPMiHd-9JegT5Bx_jKASg4z0-tYDF0QcMZtyhbwNg_hk6n1b1SR9zqFJ45fhm4U_XSaq8qQybg4CVxuJbewzgoRGHE44ir7YD1x5KY5JTlXCS743ZePWZtEBT52NAIEZtP/s400/QSR.png" border="0" alt="" id="BLOGGER_PHOTO_ID_5511348161882696098" /></a><br /><p class="MsoNormal">QSR had a good run after breaking through the trading band between RM3.0 and RM3.70.<span style="mso-spacerun:yes"> </span>The share price looks to be hitting resistance with the price chart forming a double top pattern.<span style="mso-spacerun:yes"> </span>The moving average is still showing an intact uptrend, with the price firmly above its 50 day moving average.<span style="mso-spacerun:yes"> </span>The +DI is still above –DI with ADX pulling back after a strong up move.<span style="mso-spacerun:yes"> </span>This suggests that price in the short term will most likely weaken but that is to be expected after a strong move.<span style="mso-spacerun:yes"> </span>The 2 day RSI is on its way to oversold levels.<span style="mso-spacerun:yes"> </span>MACD indicator looks to be going flat.<span style="mso-spacerun:yes"> </span><span style="mso-spacerun:yes"> </span>Support level is at RM4.00 level and resistance is at recent high of RM4.60.</p> <p class="MsoNormal"><o:p> </o:p></p>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com1tag:blogger.com,1999:blog-80791116092923047.post-2907736523578176542010-08-26T13:16:00.002+08:002010-08-26T13:18:46.348+08:00Genting Berhad - Continuation Of Uptrend<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGeDPJEpMzVhhKG6vZ6jxu6jUrUG6Kmr4kSvs1zJFwt7p-JTee1YOeicLYCgas2X9AW9m_TzCkie3NNyZ7CS5_ipOQbu-GvugTh-kDrknzdscW5THycX9r2_-x6ViCzLgu0hhI6YdcSu-m/s1600/gentingberhad.png"><img style="display: block; margin: 0px auto 10px; text-align: center; cursor: pointer; width: 400px; height: 345px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGeDPJEpMzVhhKG6vZ6jxu6jUrUG6Kmr4kSvs1zJFwt7p-JTee1YOeicLYCgas2X9AW9m_TzCkie3NNyZ7CS5_ipOQbu-GvugTh-kDrknzdscW5THycX9r2_-x6ViCzLgu0hhI6YdcSu-m/s400/gentingberhad.png" alt="" id="BLOGGER_PHOTO_ID_5509583699341736930" border="0" /></a><br />Genting Berhad tested the 38.2% Fibonacci retracement level of RM8.51 on 23 Aug and it has managed to pierce through the RM9.00 level. This is a bullish sign. Based on Fibonacci projection, the current move indicates a 61.8% projection target of RM9.32.mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-78677886352012480282010-08-26T07:09:00.001+08:002010-08-26T07:09:25.781+08:00Forex auto trade – How to get monthly cashback form forex trading<div><h1>Forex auto trade – How to get monthly cashback form forex trading</h1></div><div><br /></div><div><strong>Author: <a title="Douglas Smith" href="http://www.articlesbase.com/authors/douglas-smith/223327">Douglas Smith</a></strong><br /></div><div><br /></div><div><p>Forex auto trade is a way of making money on the forex markets by using Forex auto trade trading systems. The most widely used trading platform in forex auto trade is the Metatrader 4 trading platform. It has several advantages. For example, by using so called Expert Advisors you can trade forex automatically even when you sleep. Forex Megadroid, FAP Turbo and Forex Shocker is among the most popular Expert Advisors that you can use if you want to get into forex auto trade.</p> <p>Brokers make money on spreads and commissions. When your turnover is very large, your broker make a lot of money from your trading. Is there a way to get a discount or cashback on all this money your broker is making from your trading?</p> <p>Yes there is! Take a look at the following calculation example:</p> <p>Assume that you open an account with FXCM which a very reputable MT4 Broker, which offers 0.6 pip discount per roundtrip lot traded. One pip equals about $10 on average if you trade EURUSD, EURCHF and EURGBP. Lets say that you deposit $2000 on the account. Our estimate is that you will turn over about 10-15 Lots per $1000 per month on your account when using FAPTurbo and Forex Megadroid. Assume that your turnover is 24 lots per month on your $2000 account.<br /><br />Your monthly cash rebate during the first month would then be:<br /><br />0.6 x 10 x 24 = USD 144<br /><br />Your annual ROI would then be (144x12/2000) about 86% per year.<br /><br />This is a very conservative figure since it does not take any compounding at all into regard and assumes zero growth from expert advisors. Assuming a monthly growth rate of 20% you could make $4500 per year from this program only in forex auto trade.<br /><br />It is 100% free to sign up and your spreads or commission remains the same after joining this program so there is really no reason why not to join. It is simply just money waiting to be collected by you!</p> <p>One of the major advantages with this service is that you get paid based on your trading volume, not the win rate of your trading. So even if you go break even on the actual trading results during a specific month, you will still be able to make a nice profit on your forex auto trade when accounting for the monthly cash back that you can receive when signing up for the broker cashback program explained in this article.<br /><br />FXCM is not the only broker for forex auto trade that is connected to Cashback Forex. You can also claim a cashback from the following brokers: Alpari UK, Avafx, Dukascopy, Etoro, FXCBS, FXCM, FXDD, Fxopen, Fx Pro, GallantFX, Go Markets, Liteforex, Marketiva, Tadawul FX, X Forex</p> <p>If you are in the field of forex auto trade, sign up for this program today and start to take advantage of the cashback system and get some money back from the brokers.<br /><br /><br />To learn more about this program and to sign up, please go to the link below.</p> <p>Forex auto trade cashback Program: http://www.forexcashback.info</p> </div><div><br /></div><div><p>Article Source: <a href="http://www.articlesbase.com/currency-trading-articles/forex-auto-trade-how-to-get-monthly-cashback-form-forex-trading-1655700.html" title="Forex auto trade – How to get monthly cashback form forex trading">http://www.articlesbase.com/currency-trading-articles/forex-auto-trade-how-to-get-monthly-cashback-form-forex-trading-1655700.html</a></p></div><div><br /></div><div><strong>About the Author</strong><br /></div><div><p>Douglas Smith is a professional day trader. He uses a combination of manual and automated strategies. His automated trading strategies are shared at his blog Forex Autotrading Insights.</p></div><div><br /></div><div>Website: http://www.forexautotradinginsights.com/<p></p></div>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0tag:blogger.com,1999:blog-80791116092923047.post-85490862392867829412010-08-23T07:17:00.002+08:002010-08-23T07:18:41.190+08:00Genting Berhad Still Bullish - Buy On Pullback<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirTM7XK8wZ8ozPNiQU7_Ad_rJbkHbolkJDD14k1MPKfVhSg24KoAeUg0hiDx9KegLdcdWQ7Jv_HN-RMmlKAqrlbIro1ldp7DZl9FhvDhaOfb9aZ21eb0UaVTmxKqWJqFGVxKSFLJTW-a0J/s1600/genting+berhad.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 307px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirTM7XK8wZ8ozPNiQU7_Ad_rJbkHbolkJDD14k1MPKfVhSg24KoAeUg0hiDx9KegLdcdWQ7Jv_HN-RMmlKAqrlbIro1ldp7DZl9FhvDhaOfb9aZ21eb0UaVTmxKqWJqFGVxKSFLJTW-a0J/s400/genting+berhad.png" border="0" alt="" id="BLOGGER_PHOTO_ID_5508377533189379122" /></a><br /><p class="MsoNormal">Genting Berhad had a great run after breaking through the resistance level at RM 8.10. <span style="mso-spacerun:yes"> </span>It went on the hit a high of RM 9.01 before retracing some of its move.<span style="mso-spacerun:yes"> </span>Judging from the technical charts, the down swing looks more like a healthy pullback and the up trend is still intact.</p> <p class="MsoNormal">The 2 day RSI is decreasing after hitting overbought level and is not approaching the oversold threshold.<span style="mso-spacerun:yes"> </span>The price level is about to hit the 38.2% Fibonacci retracement level of RM 8.51 which may encourage some buying.<span style="mso-spacerun:yes"> </span><span style="mso-spacerun:yes"> </span><span style="mso-spacerun:yes"> </span>A strong support level appears at RM 8.10 level.</p> <p class="MsoNormal">This may be a chance to get into the counter at a cheaper level.</p>mystocktraderhttp://www.blogger.com/profile/05861264048347792409noreply@blogger.com0